REGISTERED NUMBER: 04088617 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31st May 2026

for

Karris Welding Services Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs I Bailey

Mr B I Bailey

REGISTERED OFFICE:

Unit 8

Ashley House

Stephenson Way

Thetford

Norfolk

IP24 3RU

REGISTERED NUMBER:

04088617 (England and Wales)

ACCOUNTANTS:

TWR Accountants

The Old Registrars

57a High Street

Brandon

Suffolk

IP27 0AU

FIXED ASSETS

Tangible assets

4

15,018

19,883

CURRENT ASSETS

Stocks

19,139

20,298

Debtors

5

210,639

171,561

Cash at bank and in hand

57,953

74,196

287,731

266,055

CREDITORS

Amounts falling due within one year

6

213,077

238,768

NET CURRENT ASSETS

74,654

27,287

TOTAL ASSETS LESS CURRENT LIABILITIES

89,672

47,170

PROVISIONS FOR LIABILITIES

2,476

3,127

NET ASSETS

87,196

44,043

CAPITAL AND RESERVES

Called up share capital

52

52

Retained earnings

8

87,144

43,991

SHAREHOLDERS' FUNDS

87,196

44,043

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st May 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st May 2026 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 8th October 2026 and were signed on its behalf by:

Mrs I Bailey - Director

1.	STATUTORY INFORMATION

Karris Welding Services Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Improvements to property

-

10% on cost

Plant and machinery

-

20% on reducing balance

Computer equipment

-

33% on cost

Stocks

Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2025 - 8 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

to

Plant and

Computer

property

machinery

equipment

Totals

£

£

£

£

COST

At 1st June 2025

and 31st May 2026

14,000

120,865

6,067

140,932

DEPRECIATION

At 1st June 2025

10,800

104,353

5,896

121,049

Charge for year

1,400

3,302

163

4,865

At 31st May 2026

12,200

107,655

6,059

125,914

NET BOOK VALUE

At 31st May 2026

1,800

13,210

8

15,018

At 31st May 2025

3,200

16,512

171

19,883

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade debtors

170,623

124,535

Other debtors

35,681

41,865

Prepayments

4,335

5,161

210,639

171,561

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Bank loans and overdrafts

35,673

74,037

Trade creditors

97,818

103,899

Tax

38,885

30,167

VAT

33,548

24,151

Directors' current accounts

5,633

5,221

Accrued expenses

1,520

1,293

213,077

238,768

7.	SECURED DEBTS

The following secured debts are included within creditors:

2026

2025

£

£

Bank loans

35,673

74,037

8.

RESERVES

Retained

earnings

£

At 1st June 2025

43,991

Profit for the year

117,253

Dividends

(74,100

)

At 31st May 2026

87,144

9.	RELATED PARTY DISCLOSURES