REGISTERED NUMBER:
|
|
|
|
|
|
|
|
|
|
|
|
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 |
|
FOR |
|
WELDRITE GROUP LIMITED |
REGISTERED NUMBER:
|
|
|
|
|
|
|
|
|
|
|
|
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 |
|
FOR |
|
WELDRITE GROUP LIMITED |
WELDRITE GROUP LIMITED (REGISTERED NUMBER: 10643684) |
|
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 MARCH 2021 |
|
|
|
|
|
|
|
|
|
|
Page |
|
Balance sheet | 1 |
|
Notes to the financial statements | 2 |
|
WELDRITE GROUP LIMITED (REGISTERED NUMBER: 10643684) |
|
|
BALANCE SHEET |
31 MARCH 2021 |
|
2021 | 2020 |
Notes | £ | £ | £ | £ |
Fixed assets |
Investments | 4 |
|
|
|
Current assets |
Debtors | 5 |
|
|
Cash in hand |
|
|
|
|
Creditors |
Amounts falling due within one year | 6 |
|
|
Net current assets |
|
|
Total assets less current liabilities |
|
|
|
Capital and reserves |
Called up share capital | 7 |
|
|
Retained earnings |
|
|
Shareholders' funds |
|
|
|
|
|
|
|
The director acknowledges his 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. |
|
|
|
In accordance with Section 444 of the Companies Act 2006, the Statement of comprehensive income has not been delivered. |
|
The financial statements were approved by the director and authorised for issue on
|
|
|
|
|
|
|
|
WELDRITE GROUP LIMITED (REGISTERED NUMBER: 10643684) |
|
|
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 MARCH 2021 |
|
|
1. | Statutory information |
|
Weldrite Group Limited is a private company, limited by shares, registered in England and Wales. The company's registered number is 10643684. The registered office and business address is Construction House, 1A Allens Lane, Poole, Dorset, BH16 5DG. |
|
2. | Accounting policies |
|
Basis of preparing the financial statements |
|
|
Investments in subsidiaries |
Investments in subsidiary undertakings are recognised at cost. |
|
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 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. |
|
Financial instruments |
Basic financial instruments are initially recognised at transaction price and accounted for according to the substance of the contractual arrangement, as either financial assets, liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company, after deducting all liabilities. |
|
At each balance sheet date, financial instruments are measured at amortised cost using the effective interest method. Any losses arising from impairment are recognised in the profit and loss account in the period to which they relate. |
|
Group accounts |
The financial statements present information about the company as an individual undertaking and not about its group. The company and its subsidiaries comprise a small-sized group. The group has therefore taken advantage of the exemptions provided by section 399 of the Companies Act 2006 not to prepare group accounts. |
|
3. | Employees and directors |
|
The average number of employees during the year was
|
WELDRITE GROUP LIMITED (REGISTERED NUMBER: 10643684) |
|
|
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 MARCH 2021 |
|
|
4. | Fixed asset investments |
Shares in |
group |
undertakings |
£ |
Cost |
At 1 April 2020 |
and 31 March 2021 |
|
Net book value |
At 31 March 2021 |
|
At 31 March 2020 |
|
|
5. | Debtors: amounts falling due within one year |
2021 | 2020 |
£ | £ |
Directors' current accounts | 146,222 | 164,384 |
|
6. | Creditors: amounts falling due within one year |
2021 | 2020 |
£ | £ |
Amounts owed to group undertakings |
|
|
Accruals and deferred income |
|
|
|
|
|
7. | Called up share capital |
|
|
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2021 | 2020 |
value: | £ | £ |
|
Ordinary | £1 | 300 | 300 |
|
8. | Director's advances, credits and guarantees |
|
The following advances and credits to a director subsisted during the year ended 31 March 2021 and the period ended 31 March 2020: |
|
2021 | 2020 |
£ | £ |
|
Balance outstanding at start of year |
|
|
Amounts advanced |
|
|
Amounts repaid | ( |
) | ( |
) |
Amounts written off | - | - |
Amounts waived | - | - |
Balance outstanding at end of year |
|
|
|
At the year end the director, Mr S Dyke, owed the company amounts totalling £146,222 (2020: £164,384), which are included within debtors: amounts falling due within one year. The amount owing at the year start was the maximum amount owing throughout the year, and all amounts were fully repaid within 9 months of the year end. |
WELDRITE GROUP LIMITED (REGISTERED NUMBER: 10643684) |
|
|
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 MARCH 2021 |
|
|
9. | Ultimate controlling party |
|
The company is under the control of the director, Mr S Dyke, and his wife, Mrs C Dyke, due to their combined holding of 100% of the share capital of the company. |