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REGISTERED NUMBER: 11023964 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2024

FOR

LLYS MEDDYG LTD

LLYS MEDDYG LTD (REGISTERED NUMBER: 11023964)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


LLYS MEDDYG LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2024







DIRECTOR: E C Sykes





SECRETARY:





REGISTERED OFFICE: Llys Meddyg
East Street
Newport
Pembrokeshire
SA42 0SY





REGISTERED NUMBER: 11023964 (England and Wales)





ACCOUNTANTS: Great Nash Accountancy Services
31 Church View
Summerhill
Stepaside
Pembrokeshire
SA67 8LZ

LLYS MEDDYG LTD (REGISTERED NUMBER: 11023964)

BALANCE SHEET
31 OCTOBER 2024

31.10.24 31.10.23
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 6,000 8,000
Tangible assets 5 395,858 402,218
401,858 410,218

CURRENT ASSETS
Stocks 12,575 14,075
Debtors 6 129,649 99,745
Cash at bank and in hand 31,416 28,426
173,640 142,246
CREDITORS
Amounts falling due within one year 7 463,272 437,596
NET CURRENT LIABILITIES (289,632 ) (295,350 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

112,226

114,868

CREDITORS
Amounts falling due after more than one
year

8

(30,298

)

(47,005

)

PROVISIONS FOR LIABILITIES (19,009 ) (20,559 )
NET ASSETS 62,919 47,304

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 62,819 47,204
SHAREHOLDERS' FUNDS 62,919 47,304

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2024 in accordance with Section 476 of the Companies Act 2006.

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.

LLYS MEDDYG LTD (REGISTERED NUMBER: 11023964)

BALANCE SHEET - continued
31 OCTOBER 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 director and authorised for issue on 27 July 2025 and were signed by:





E C Sykes - Director


LLYS MEDDYG LTD (REGISTERED NUMBER: 11023964)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024


1. STATUTORY INFORMATION

Llys Meddyg Ltd 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2017, is being amortised evenly over its estimated useful life of ten 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 - 15% 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 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.

LLYS MEDDYG LTD (REGISTERED NUMBER: 11023964)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2024


2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 18 (2023 - 15 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 November 2023
and 31 October 2024 20,000
AMORTISATION
At 1 November 2023 12,000
Charge for year 2,000
At 31 October 2024 14,000
NET BOOK VALUE
At 31 October 2024 6,000
At 31 October 2023 8,000

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 November 2023 512,685
Additions 20,346
At 31 October 2024 533,031
DEPRECIATION
At 1 November 2023 110,467
Charge for year 26,706
At 31 October 2024 137,173
NET BOOK VALUE
At 31 October 2024 395,858
At 31 October 2023 402,218

LLYS MEDDYG LTD (REGISTERED NUMBER: 11023964)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2024


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Trade debtors 641 4,693
Other debtors 129,008 95,052
129,649 99,745

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Bank loans and overdrafts 16,643 17,008
Trade creditors 199,359 164,258
Taxation and social security 86,180 111,459
Other creditors 161,090 144,871
463,272 437,596

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.10.24 31.10.23
£    £   
Bank loans 30,298 47,005

9. SECURED DEBTS

Barclays Security Trustee Limited hold a fixed and floating charge over all assets dated 10 December 2019.

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 October 2024 and 31 October 2023:

31.10.24 31.10.23
£    £   
Mrs E L Sykes and E C Sykes
Balance outstanding at start of year 4,465 12,547
Amounts advanced 26,000 56,450
Amounts repaid (66,571 ) (64,532 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (36,106 ) 4,465

The company paid rent of £21,000 to the directors, Mr & Mrs E C Sykes, for the use of their property during the period (2023 £21,000). No monies were outstanding as at the Balance Sheet date.

Interest is charged and paid at the market rate of interest on any overdrawn directors' account balance.