IRIS Accounts Production v25.1.0.734 08118668 Board of Directors 1.10.23 30.9.24 30.9.24 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh081186682023-09-30081186682024-09-30081186682023-10-012024-09-30081186682022-09-30081186682022-10-012023-09-30081186682023-09-3008118668ns15:EnglandWales2023-10-012024-09-3008118668ns14:PoundSterling2023-10-012024-09-3008118668ns10:Director12023-10-012024-09-3008118668ns10:PrivateLimitedCompanyLtd2023-10-012024-09-3008118668ns10:SmallEntities2023-10-012024-09-3008118668ns10:AuditExempt-NoAccountantsReport2023-10-012024-09-3008118668ns10:SmallCompaniesRegimeForDirectorsReport2023-10-012024-09-3008118668ns10:SmallCompaniesRegimeForAccounts2023-10-012024-09-3008118668ns10:FullAccounts2023-10-012024-09-300811866812023-10-012024-09-3008118668ns10:Director22023-10-012024-09-3008118668ns10:Director32023-10-012024-09-3008118668ns10:RegisteredOffice2023-10-012024-09-3008118668ns5:CurrentFinancialInstruments2024-09-3008118668ns5:CurrentFinancialInstruments2023-09-3008118668ns5:ShareCapital2024-09-3008118668ns5:ShareCapital2023-09-3008118668ns5:RetainedEarningsAccumulatedLosses2024-09-3008118668ns5:RetainedEarningsAccumulatedLosses2023-09-3008118668ns5:NetGoodwill2023-10-012024-09-3008118668ns5:IntangibleAssetsOtherThanGoodwill2023-10-012024-09-3008118668ns5:PlantMachinery2023-10-012024-09-3008118668ns5:NetGoodwill2023-09-3008118668ns5:NetGoodwill2024-09-3008118668ns5:NetGoodwill2023-09-3008118668ns5:PlantMachinery2023-09-3008118668ns5:FurnitureFittings2023-09-3008118668ns5:MotorVehicles2023-09-3008118668ns5:ComputerEquipment2023-09-3008118668ns5:FurnitureFittings2023-10-012024-09-3008118668ns5:MotorVehicles2023-10-012024-09-3008118668ns5:ComputerEquipment2023-10-012024-09-3008118668ns5:PlantMachinery2024-09-3008118668ns5:FurnitureFittings2024-09-3008118668ns5:MotorVehicles2024-09-3008118668ns5:ComputerEquipment2024-09-3008118668ns5:PlantMachinery2023-09-3008118668ns5:FurnitureFittings2023-09-3008118668ns5:MotorVehicles2023-09-3008118668ns5:ComputerEquipment2023-09-3008118668ns5:WithinOneYearns5:CurrentFinancialInstruments2024-09-3008118668ns5:WithinOneYearns5:CurrentFinancialInstruments2023-09-30
REGISTERED NUMBER: 08118668 (England and Wales)

















Unaudited Financial Statements

for the Year Ended 30 September 2024

for

Gwynne J Thomas Limited

Gwynne J Thomas Limited (Registered number: 08118668)






Contents of the Financial Statements
for the year ended 30 September 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Gwynne J Thomas Limited

Company Information
for the year ended 30 September 2024







DIRECTORS: G J Thomas
Mrs C E Thomas
H J Thomas



REGISTERED OFFICE: Llanoddian Isaf
Dolanog
WELSHPOOL
Powys
SY21 0JU



REGISTERED NUMBER: 08118668 (England and Wales)



ACCOUNTANTS: WR Partners
Chartered Accountants
Belmont House
Shrewsbury Business Park
Shrewsbury
Shropshire
SY2 6LG



BANKERS: National Westminster Bank Plc
High Street
Llanfair Caereinion
Welshpool
SY21 0QZ

Gwynne J Thomas Limited (Registered number: 08118668)

Balance Sheet
30 September 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Property, plant and equipment 5 984,641 602,113
984,641 602,113

CURRENT ASSETS
Debtors 6 978,316 914,480
Cash at bank 310,370 398,030
1,288,686 1,312,510
CREDITORS
Amounts falling due within one year 7 645,109 736,416
NET CURRENT ASSETS 643,577 576,094
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,628,218

1,178,207

PROVISIONS FOR LIABILITIES 246,160 150,528
NET ASSETS 1,382,058 1,027,679

CAPITAL AND RESERVES
Called up share capital 3 3
Retained earnings 1,382,055 1,027,676
SHAREHOLDERS' FUNDS 1,382,058 1,027,679

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 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.

Gwynne J Thomas Limited (Registered number: 08118668)

Balance Sheet - continued
30 September 2024


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 14 May 2025 and were signed on its behalf by:





G J Thomas - Director


Gwynne J Thomas Limited (Registered number: 08118668)

Notes to the Financial Statements
for the year ended 30 September 2024

1. STATUTORY INFORMATION

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

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2012, is being amortised evenly over its estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 - 20% on reducing balance and 10% on reducing balance

Financial instruments
The company has financial assets and financial liabilities of a kind that qualify as basic financial instruments.

Basic financial assets, including trade and other receivables and cash and bank balances are initially recognised at transaction price and subsequently carried at amortised cost with an assessment for objective evidence of impairment. Any impairment is recognised in profit and loss.

Basic financial liabilities including trade and other creditors are initially recognised at transaction price and subsequently carried at amortised cost.


Gwynne J Thomas Limited (Registered number: 08118668)

Notes to the Financial Statements - continued
for the year ended 30 September 2024

2. ACCOUNTING POLICIES - continued
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
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.

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 9 (2023 - 8 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 October 2023
and 30 September 2024 30,000
AMORTISATION
At 1 October 2023
and 30 September 2024 30,000
NET BOOK VALUE
At 30 September 2024 -
At 30 September 2023 -

Gwynne J Thomas Limited (Registered number: 08118668)

Notes to the Financial Statements - continued
for the year ended 30 September 2024

5. PROPERTY, PLANT AND EQUIPMENT
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 October 2023 91,265 1,667 912,584 573 1,006,089
Additions 106,562 - 440,770 - 547,332
Disposals (34,542 ) - - - (34,542 )
At 30 September 2024 163,285 1,667 1,353,354 573 1,518,879
DEPRECIATION
At 1 October 2023 21,894 229 381,844 9 403,976
Charge for year 8,450 144 127,486 56 136,136
Eliminated on disposal (5,874 ) - - - (5,874 )
At 30 September 2024 24,470 373 509,330 65 534,238
NET BOOK VALUE
At 30 September 2024 138,815 1,294 844,024 508 984,641
At 30 September 2023 69,371 1,438 530,740 564 602,113

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 947,173 885,988
Other debtors 31,143 28,492
978,316 914,480

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts - 34,278
Trade creditors 551,577 567,564
Taxation and social security 75,501 127,960
Other creditors 18,031 6,614
645,109 736,416

Gwynne J Thomas Limited (Registered number: 08118668)

Notes to the Financial Statements - continued
for the year ended 30 September 2024

8. RELATED PARTY DISCLOSURES

Included in creditors due within one year are amounts totalling £9,803 (2023 - £70) due to the directors of the company. These amounts are repayable on demand. During the year no interest was paid on these balances.

During the year dividends of £52,800 (2023 - £52,800) were paid by the company and received by the directors.

9. CONTROLLING PARTY

The controlling parties are G J Thomas and Mrs C E Thomas by virtue of each having ownership of 33% of the issued share capital in the company.