UK Welding Supplies Ltd - Filleted accounts

UK Welding Supplies Ltd
Registered number:		14674761
Statement of Financial Position
as at 28 February 2026

Notes			2026			2025
£				£
Fixed assets
Tangible assets	3		22,231			15,499

Current assets
Stocks		59,488			51,997
Debtors	4	192,152			138,425
Cash at bank and in hand		1,666			10,739
		253,306			201,161

Creditors: amounts falling due within one year	5	(252,058)			(204,627)

Net current assets/(liabilities)			1,248			(3,466)

Total assets less current liabilities			23,479			12,033

Creditors: amounts falling due after more than one year	6		(16,981)			(8,747)

Provisions for liabilities			(5,284)			(3,163)


Net assets			1,214			123

Capital and reserves
Called up share capital			100			100
Profit and loss account			1,114			23

Shareholders' funds			1,214			123

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




D Fox
Director
Approved by the board on 29 October 2026

UK Welding Supplies Ltd
Notes to the Accounts
for the year ended 28 February 2026


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102 Section 1a small entities, the financial reporting standard applicable in the UK and the Republic of Ireland.

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Plant and machinery			25% reducing balance
	Motor vehicles			over 4 years

	Inventories
	Inventories are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Debtors
	Short term debtors are measured at transaction price, less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price. Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Leased assets
	A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.

	Pensions
	The company operates a defined contribution pension scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.

2	Employees and directors					2026		2025
Number							Number

	Average number of directors and persons employed by the company					5		5


3	Tangible fixed assets
				Plant and machinery etc		Motor vehicles		Total
£					£		£
	Cost
	At 1 March 2025			1,950		21,078		23,028
	Additions			-		16,490		16,490
	At 28 February 2026			1,950		37,568		39,518

	Depreciation
	At 1 March 2025			488		7,041		7,529
	Charge for the year			366		9,392		9,758
	At 28 February 2026			854		16,433		17,287

	Net book value
	At 28 February 2026			1,096		21,135		22,231
	At 28 February 2025			1,462		14,037		15,499


4	Debtors					2026		2025
£							£

	Trade debtors					174,847		120,164
	Other debtors					17,305		18,261
						192,152		138,425


5	Creditors: amounts falling due within one year					2026		2025
£							£

	Obligations under finance lease and hire purchase contracts					6,493		3,499
	Trade creditors					125,958		95,138
	Accruals					1,670		1,590
	Corporation tax					73,701		59,112
	Other taxes and social security costs					28,421		27,036
	Other creditors					15,815		18,252
						252,058		204,627


6	Creditors: amounts falling due after one year					2026		2025
£							£

	Obligations under finance lease and hire purchase contracts					16,981		8,747


7	Loans to directors
	Description and conditions	B/fwd	Paid		Repaid		C/fwd
£			£		£		£
	D Fox
	Repayable on demand	4,508		3,600		4,508		3,600

	J Kneeshaw
	Repayable on demand	13,753		13,705		13,753		13,705


		18,261		17,305		18,261		17,305


8	Other information

	UK Welding Supplies Ltd is a private company limited by shares and incorporated in England. Its registered office is:
	Unit 2 Potts Farm
	Runwick
	Farnham
	Surrey
	GU10 5EG