REGISTERED NUMBER: 04719101 (England and Wales)

TREFYNYS FARM LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr R W Evans

Mrs M E Evans

SECRETARY:

Mrs M E Evans

REGISTERED OFFICE:

Trefynys Farm

Peniel Road

CARMARTHEN

Carmarthenshire

SA32 7HX

REGISTERED NUMBER:

04719101 (England and Wales)

ACCOUNTANTS:

D M B Davies Limited

Broyan House

Priory Street

Cardigan

Ceredigion

SA43 1BZ

FIXED ASSETS

Intangible assets

4

-

1,166

Tangible assets

5

836,272

838,562

836,272

839,728

CURRENT ASSETS

Stocks

630,790

732,307

Debtors

6

586,698

391,848

Cash at bank

-

2,181

1,217,488

1,126,336

CREDITORS

Amounts falling due within one year

7

985,995

890,759

NET CURRENT ASSETS

231,493

235,577

TOTAL ASSETS LESS CURRENT LIABILITIES

1,067,765

1,075,305

CREDITORS

Amounts falling due after more than one year

8

(347,795

)

(430,717

)

PROVISIONS FOR LIABILITIES

9

(114,105

)

(114,677

)

NET ASSETS

605,865

529,911

CAPITAL AND RESERVES

Called up share capital

4

4

Retained earnings

605,861

529,907

SHAREHOLDERS' FUNDS

605,865

529,911

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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.

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 29 August 2025 and were signed on its behalf by:

Mr R W Evans - Director

1.	STATUTORY INFORMATION

Trefynys Farm 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.

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.

SFP entitlement are being amortised evenly over their estimated useful life of three years.

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 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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2024 - 3 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 April 2024

and 31 March 2025

34,968

AMORTISATION

At 1 April 2024

33,802

Charge for year

1,166

At 31 March 2025

34,968

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

1,166

5.	TANGIBLE FIXED ASSETS

Freehold

Plant and

Motor

property

machinery

vehicles

Totals

£

£

£

£

COST

At 1 April 2024

379,853

1,839,077

33,955

2,252,885

Additions

-

91,414

-

91,414

Disposals

-

(55,650

)

-

(55,650

)

At 31 March 2025

379,853

1,874,841

33,955

2,288,649

DEPRECIATION

At 1 April 2024

-

1,399,099

15,224

1,414,323

Charge for year

-

78,065

4,683

82,748

Eliminated on disposal

-

(44,694

)

-

(44,694

)

At 31 March 2025

-

1,432,470

19,907

1,452,377

NET BOOK VALUE

At 31 March 2025

379,853

442,371

14,048

836,272

At 31 March 2024

379,853

439,978

18,731

838,562

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

188,563

94,496

Other debtors

398,135

297,352

586,698

391,848

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

644,966

463,236

Hire purchase contracts

42,803

34,543

Trade creditors

230,538

328,610

Taxation and social security

66,308

62,990

Other creditors

1,380

1,380

985,995

890,759

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

279,183

381,478

Hire purchase contracts

68,612

49,239

347,795

430,717

9.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax

114,105

114,677

Deferred

tax

£

Balance at 1 April 2024

114,677

Credit to Income Statement during year

(572

)

Balance at 31 March 2025

114,105

10.	RELATED PARTY DISCLOSURES

11.	ULTIMATE CONTROLLING PARTY