Weldfast Holdings Limited Accounts

WELDFAST HOLDINGS LIMITED - Company Information






Weldfast Holdings Limited

	Company No. 12047794
		Information for Filing with The Registrar
		31 January 2022

at	31 January 2022
Company No.		12047794	Notes	2022	2021
				£	£
Fixed assets



	Investments		4	581,933	581,933
				581,933	581,933
Current assets



	Cash at bank and in hand			1,250	600
				1,250	600
Creditors: Amount falling due within one year			5	(522,083)	(551,433)
Net current liabilities				(520,833)	(550,833)
Total assets less current liabilities				61,100	31,100
Creditors: Amounts falling due after more than one year			6	-	(10,000)



Net assets				61,100	21,100

Capital and reserves
	Called up share capital			100	100



	Profit and loss account		7	61,000	21,000

Total equity				61,100	21,100



These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.

For the year ended 31 January 2022 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 directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.



As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.

Approved by the board on 29 March 2022
And signed on its behalf by:
S.P. Hugo
Director
29 March 2022

for the year ended 31 January 2022

General information

Its registered number is: 12047794

Its registered office is:

Units 1-2 Waterside Trading

Mill Lane

Leigh

WN7 2BG

The functional and presentational currency of the company is Sterling. The accounts are rounded to the nearest pound.

The accounts have been prepared in accordance with FRS 102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland (March 2018) and the Companies Act 2006.

Accounting policies

Investments

Unlisted investments are recognised initially at fair value less attributable transaction costs. Subsequent to initial recognition, any changes in fair value are recognised in profit and loss.

Trade and other creditors

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

3	Employees
			2022	2021
			Number	Number
		The average monthly number of employees (including directors) during the year was:	2	2

4	Investments
			Investment in Subsidiaries	Total
			£	£
		Cost or valuation
		At 1 February 2021	581,933	581,933



		At 31 January 2022	581,933	581,933
		Provisions/Impairment





		Net book values
		At 31 January 2022	581,933	581,933
		At 31 January 2021	581,933	581,933

5	Creditors:
		amounts falling due within one year
			2022	2021
			£	£


		Other loans	-	80,000


		Amounts owed to group undertakings	468,933	442,433


		Loans from directors	53,150	29,000


			522,083	551,433

6	Creditors:
		amounts falling due after more than one year
			2022	2021
			£	£


		Other loans	-	10,000





			-	10,000

Reserves

Profit and loss account - includes all current and prior period retained profits and losses.