W James (Repairs & Welding) Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 04169712 (England and Wales)

Unaudited Financial Statements

For The Year Ended 31st March 2026

for

W James (Repairs & Welding) Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Certified Accountants' Report

7

DIRECTORS:

Mrs M K James

A W James

S C James

R James

SECRETARY:

Mrs M K James

REGISTERED OFFICE:

12 Station Street

Ross - On - Wye

Herefordshire

HR9 7AG

REGISTERED NUMBER:

04169712 (England and Wales)

ACCOUNTANTS:

Wildin (Accountants & Auditors) Ltd

Kings Buildings

Lydney

Gloucestershire

GL15 5HE

FIXED ASSETS

Tangible assets

4

8,773

10,189

CURRENT ASSETS

Stocks

5

7,636

7,695

Debtors

6

107,927

122,745

Cash at bank

-

10,747

115,563

141,187

CREDITORS

Amounts falling due within one year

7

44,054

59,261

NET CURRENT ASSETS

71,509

81,926

TOTAL ASSETS LESS CURRENT
LIABILITIES

80,282

92,115

PROVISIONS FOR LIABILITIES

9

1,667

1,936

NET ASSETS

78,615

90,179

CAPITAL AND RESERVES

Called up share capital

10

100

Retained earnings

11

78,515

90,079

SHAREHOLDERS' FUNDS

78,615

90,179

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 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 and authorised for issue by the Board of Directors and authorised for issue on 20th August 2026 and were signed on its behalf by:

Mrs M K James - Director

1.	STATUTORY INFORMATION

W James (Repairs & Welding) 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.

Plant and machinery

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Stocks

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

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.

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.

Rent deposit held

The company holds a rent deposit in relation to the workshop used. The director's feel that this is reasonable given that the workshop is held as security against the company bank loan.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2025 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

machinery

fittings

vehicles

Totals

£

COST

At 1st April 2025

and 31st March 2026

42,889

3,313

16,588

62,790

DEPRECIATION

At 1st April 2025

33,609

3,016

15,976

52,601

Charge for year

1,218

45

153

1,416

At 31st March 2026

34,827

3,061

16,129

54,017

NET BOOK VALUE

At 31st March 2026

8,062

252

459

8,773

At 31st March 2025

9,280

297

612

10,189

5.

STOCKS

31.3.26

31.3.25

£

Stock & work in progress

7,636

7,695

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

Trade debtors

28,881

43,715

Sundry Debtors

120

Directors' current accounts

395

Prepayments

78,531

78,515

107,927

122,745

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

Bank loans and overdrafts (see note 8)

9,325

-

Trade creditors

13,565

22,400

Tax

1,616

11,892

VAT

9,068

13,855

Directors' current accounts

5,216

6,892

Accrued expenses

5,264

4,222

44,054

59,261

8.

LOANS

An analysis of the maturity of loans is given below:

31.3.26

31.3.25

£

Amounts falling due within one year or on demand:

Bank overdrafts

9,325

-

9.	PROVISIONS FOR LIABILITIES

31.3.26

31.3.25

£

Deferred tax

1,667

1,936

Deferred

tax

£

Balance at 1st April 2025

1,936

Provided during year

(269

)

Balance at 31st March 2026

1,667

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.26

31.3.25

value:

£

100

Ordinary

£1

100

11.

RESERVES

Retained

earnings

£

At 1st April 2025

90,079

Profit for the year

5,744

Dividends

(17,308

)

At 31st March 2026

78,515

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of W James (Repairs & Welding) Limited for the year ended 31st March 2026 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at accaglobal.com/rulebook.

This report is made solely to the Board of Directors of W James (Repairs & Welding) Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of W James (Repairs & Welding) Limited and state those matters that we have agreed to state to the Board of Directors of W James (Repairs & Welding) Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at

https://www.accaglobal.com/gb/en/technical-activities/technical-resources-

search/2009/october/factsheet-163-audit-exempt-companies.html.

To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that W James (Repairs & Welding) Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of W James (Repairs & Welding) Limited. You consider that W James (Repairs & Welding) Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of W James (Repairs & Welding) Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Wildin (Accountants & Auditors) Ltd

Kings Buildings

Lydney

Gloucestershire

GL15 5HE

20th August 2026