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REGISTERED NUMBER: 01259319 (England and Wales)









GWYN THOMAS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023






GWYN THOMAS LIMITED (REGISTERED NUMBER: 01259319)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


GWYN THOMAS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: A P Sewell
Mrs S B Sewell





SECRETARY: A P Sewell





REGISTERED OFFICE: Unit 1
Silver End Business Park
Brierley Hill
West Midlands
B62 9JT





REGISTERED NUMBER: 01259319 (England and Wales)





ACCOUNTANTS: UHY Hacker Young (Bham) LLP
9-11 Vittoria Street
Birmingham
B1 3ND

GWYN THOMAS LIMITED (REGISTERED NUMBER: 01259319)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 190,780 190,149

CURRENT ASSETS
Stocks 38,218 37,542
Debtors 5 268,136 245,122
Cash at bank 296,151 302,176
602,505 584,840
CREDITORS
Amounts falling due within one year 6 518,296 463,345
NET CURRENT ASSETS 84,209 121,495
TOTAL ASSETS LESS CURRENT
LIABILITIES

274,989

311,644

PROVISIONS FOR LIABILITIES 17,648 13,293
NET ASSETS 257,341 298,351

CAPITAL AND RESERVES
Called up share capital 20,000 20,000
Share premium 25,023 25,023
Retained earnings 212,318 253,328
SHAREHOLDERS' FUNDS 257,341 298,351

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

GWYN THOMAS LIMITED (REGISTERED NUMBER: 01259319)

BALANCE SHEET - continued
31 DECEMBER 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Profit and loss account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 14 March 2024 and were signed on its behalf by:





A P Sewell - Director


GWYN THOMAS LIMITED (REGISTERED NUMBER: 01259319)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1. STATUTORY INFORMATION

Gwyn Thomas Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance and 10% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and loss account, 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
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.

GWYN THOMAS LIMITED (REGISTERED NUMBER: 01259319)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2022 - 5 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 January 2023 120,187 161,818 282,005
Additions - 36,499 36,499
Disposals - (29,500 ) (29,500 )
At 31 December 2023 120,187 168,817 289,004
DEPRECIATION
At 1 January 2023 - 91,856 91,856
Charge for year - 13,602 13,602
Eliminated on disposal - (7,234 ) (7,234 )
At 31 December 2023 - 98,224 98,224
NET BOOK VALUE
At 31 December 2023 120,187 70,593 190,780
At 31 December 2022 120,187 69,962 190,149

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 203,357 220,752
Other debtors 64,779 24,370
268,136 245,122

GWYN THOMAS LIMITED (REGISTERED NUMBER: 01259319)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts - 36,963
Trade creditors 349,066 287,310
Taxation and social security 47,293 38,195
Other creditors 121,937 100,877
518,296 463,345