Company Registration No. SC814839 (Scotland)
Weldmar Ltd
Unaudited accounts
for the year ended 30 June 2026
Weldmar Ltd
Unaudited accounts
Contents
Weldmar Ltd
Company Information
for the year ended 30 June 2026
Company Number
SC814839 (Scotland)
Registered Office
36 Hope Avenue
Peterhead
Aberdeenshire
AB42 3QA
Scotland
Accountants
OPTIMA CREATIVE LTD
Suite 1, 19 Apex Business Center
Sedgewall House, Boscombe Road
Dunstable
Bedfordshire
LU5 4SB
Weldmar Ltd
Statement of financial position
as at 30 June 2026
Called up share capital not paid
1
1
Cash at bank and in hand
43,202
15,052
Creditors: amounts falling due within one year
(29,192)
2,916
Net current assets
36,849
24,544
Total assets less current liabilities
60,655
24,545
Creditors: amounts falling due after more than one year
(6,434)
(6,564)
Called up share capital
1
1
Profit and loss account
54,220
17,980
Shareholders' funds
54,221
17,981
For the year ending 30 June 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 14 October 2026 and were signed on its behalf by
Marek Pepel
Director
Company Registration No. SC814839
Weldmar Ltd
Notes to the Accounts
for the year ended 30 June 2026
Weldmar Ltd is a private company, limited by shares, registered in Scotland, registration number SC814839. The registered office is 36 Hope Avenue, Peterhead, Aberdeenshire, AB42 3QA, Scotland.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
20% reducing balance
Computer equipment
20% reducing balance
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
Weldmar Ltd
Notes to the Accounts
for the year ended 30 June 2026
4
Tangible fixed assets
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
Additions
23,170
2,477
25,647
At 30 June 2026
23,170
2,477
25,647
Charge for the year
1,545
297
1,842
At 30 June 2026
1,545
297
1,842
At 30 June 2026
21,625
2,180
23,805
Amounts falling due within one year
Accrued income and prepayments
6,959
-
6
Creditors: amounts falling due within one year
2026
2025
Obligations under finance leases and hire purchase contracts
1,398
-
Taxes and social security
2,917
(2,916)
Loans from directors
24,877
-
7
Creditors: amounts falling due after more than one year
2026
2025
Obligations under finance leases and hire purchase contracts
6,434
-
Loans from directors
-
6,564
8
Average number of employees
During the year the average number of employees was 2 (2025: 1).