Besleys (Merthyr Tydfil) Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 00745266 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Besleys (Merthyr Tydfil) Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

J O Besley

C N Besley

Mrs D L Watkins

Mrs M Besley

M J Besley

Mrs J C Thorrington

SECRETARY:

Mrs D L Watkins

REGISTERED OFFICE:

Unit 19

Pant Industrial Estate

Dowlais

Merthyr Tydfil

CF48 2SR

REGISTERED NUMBER:

00745266 (England and Wales)

ACCOUNTANTS:

DGL Accountancy Services Limited

Chartered Certified Accountants

35 Hen Parc Avenue

Upper Killay

Swansea

SA2 7HA

FIXED ASSETS

Tangible assets

4

1,057,357

1,100,354

Investment property

5

390,000

1,447,357

1,490,354

CURRENT ASSETS

Stocks

1,081,141

1,116,950

Debtors

6

1,566,330

1,127,139

Cash at bank and in hand

3,171,798

3,529,361

5,819,269

5,773,450

CREDITORS

Amounts falling due within one year

7

892,990

955,981

NET CURRENT ASSETS

4,926,279

4,817,469

TOTAL ASSETS LESS CURRENT
LIABILITIES

6,373,636

6,307,823

CREDITORS

Amounts falling due after more than
one year

8

(29,270

)

(30,564

)

PROVISIONS FOR LIABILITIES

10

(106,467

)

(117,216

)

NET ASSETS

6,237,899

6,160,043

CAPITAL AND RESERVES

Called up share capital

6,314

Capital redemption reserve

102

Other reserves

6,499

Fair value reserve

11

115,000

Retained earnings

6,109,984

6,032,128

6,237,899

6,160,043

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 9 September 2025 and were signed on its behalf by:

Mrs D L Watkins - Director

1.	STATUTORY INFORMATION

Besleys (Merthyr Tydfil) 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 as modified by the revaluation of certain assets.

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.

Freehold property

-

not provided

Improvements to property

-

not provided

Plant and machinery

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

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 42 (2024 - 48 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Freehold

to

Plant and

Motor

property

machinery

vehicles

Totals

£

COST

At 1 April 2024

603,688

27,801

367,567

586,228

1,585,284

Additions

-

54,056

39,950

94,006

Disposals

-

(24,935

)

(24,935

)

At 31 March 2025

603,688

27,801

421,623

601,243

1,654,355

DEPRECIATION

At 1 April 2024

-

290,737

194,193

484,930

Charge for year

-

25,863

105,265

131,128

Eliminated on disposal

-

(19,060

)

(19,060

)

At 31 March 2025

-

316,600

280,398

596,998

NET BOOK VALUE

At 31 March 2025

603,688

27,801

105,023

320,845

1,057,357

At 31 March 2024

603,688

27,801

76,830

392,035

1,100,354

The net book value of tangible fixed assets held under hire purchase at 31 March 2025 was £48,228 (2024 : £64,304). The depreciation provided on these assets in the year was £16,076 (2024 : £5,846).

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

and 31 March 2025

390,000

NET BOOK VALUE

At 31 March 2025

390,000

At 31 March 2024

390,000

Fair value at 31 March 2025 is represented by:

£

Valuation in 2021

115,000

Cost

275,000

390,000

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

Trade debtors

718,462

830,945

Other debtors

847,868

296,194

1,566,330

1,127,139

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

Bank loans and overdrafts

2,609

1,029

Hire purchase contracts

1,293

3,404

Trade creditors

475,445

386,103

Taxation and social security

402,343

544,189

Other creditors

11,300

21,256

892,990

955,981

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR

31.3.25

31.3.24

£

Hire purchase contracts

29,270

30,564

9.	SECURED DEBTS

The following secured debts are included within creditors:

31.3.25

31.3.24

£

Hire purchase contracts

30,563

33,968

The Bank hold security over Unit 23, Pant Industrial Estate, Dowlais, Merthyr Tydfil, CF48 2SR.

The loans in respect of hire purchase contracts are secured against the assets to which they relate.

10.	PROVISIONS FOR LIABILITIES

31.3.25

31.3.24

£

Deferred tax

106,467

117,216

Deferred

tax

£

Balance at 1 April 2024

117,216

Provided during year

(10,749

)

Balance at 31 March 2025

106,467

11.

RESERVES

Fair

value

reserve

£

At 1 April 2024

and 31 March 2025

115,000

12.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2025 and 31 March 2024:

31.3.25

31.3.24

£

Mrs D L Watkins

Balance outstanding at start of year

113,938

-

Amounts advanced

2,526

113,938

Amounts repaid

-

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

116,464

113,938

M J Besley

Balance outstanding at start of year

101,620

-

Amounts advanced

409,897

101,620

Amounts repaid

-

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

511,517

101,620

Loans to directors are not interest bearing and have no fixed repayment term.

13.	RELATED PARTY DISCLOSURES

Included in other creditors are balances owed to the directors amounting to £92 ( 2024 : £4,764). The loans are not accruing any interest and have no fixed repayment terms.

14.	ULTIMATE CONTROLLING PARTY

In the opinion of the directors, the ultimate controlling parties are any shareholders who when combined hold a majority of the voting share capital.