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Weldvale Limited
Registered Number:03265451
For the period ended 30 April 2018
England and Wales
Unaudited Financial Statements
2
For the period ended 30 April 2018
Weldvale Limited
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
3
As at 30 April 2018
Weldvale Limited
Statement of Financial Position
Registered Number :
03265451
£
£
2016
2018
Notes
Fixed assets
Property, plant and equipment
-
158
2
-
158
Current assets
Inventories
33,900
-
3
-
33,900
Trade and other payables: amounts falling due within one
year
(52,919)
(35,521)
4
(19,019)
(35,521)
Net current liabilities
Total assets less current liabilities
(35,521)
(18,861)
(35,521)
Net liabilities
(18,861)
Capital and reserves
Called up share capital
2
2
Retained earnings
(35,523)
(18,863)
(35,521)
(18,861)
Shareholders' funds
For the period ended 30 April 2018 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 of its financial statements for the period ended 30 April 2018 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section
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 Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.
T L Healey Director
These financial statements were approved and authorised for issue by the Board on 18 July 2018 and were signed by:
The notes form part of these financial statements
1 of 3
4
For the period ended 30 April 2018
Weldvale Limited
Notes to the Financial Statements
Statutory Information
Weldvale Limited is a private limited company, limited by shares, domiciled in England and Wales, registration number
03265451.
Principal place of business:
Gindles Cottage
Sale Lane
Bury
Lancashire
BL9 6TH
Registered address:
1-3 St Mary's Place
Bury
Lancashire
BL9 0DZ
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Land and buildings
10% Per annum on cost
33% per annum on cost
Computer equipment
25% per annum on cost
Motor vehicles
15% per annum on cost
Fixtures and fittings
Inventories
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.
2 of 3
5
For the period ended 30 April 2018
Weldvale Limited
Notes to the Financial Statements Continued
2. Property, plant and equipment
Total
Computer
equipment
Land and
buildings
£
£
£
Cost or
valuation
At 01 November 2016
19,808
196
19,612
-
(19,612)
Disposals
(19,612)
At 30 April 2018
-
196
196
Provision for depreciation and impairment
At 01 November 2016
19,650
130
19,520
Charge for period
135
66
69
(19,589)
-
(19,589)
On disposal
At 30 April 2018
196
196
-
At 30 April 2018
Net book value
-
-
-
At 31 October 2016
92
66
158
3. Inventories
2016
2018
£
£
Stocks
-
33,900
4. Trade and other payables: amounts falling due within one year
2016
2018
£
£
Bank loans and overdraft
-
3,600
Taxation and social security
-
77
Other creditors
35,521
49,242
35,521
52,919
3 of 3

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