REGISTERED NUMBER: 13804069 (England and Wales)

MAENCLOCHOG HARDWARE & COUNTRY STORE LTD

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr I W Rees

Mrs E M Rees

REGISTERED OFFICE:

Glynsaithmaen

Rhosfach

Clynderwen

Pembrokeshire

SA66 7SL

REGISTERED NUMBER:

13804069 (England and Wales)

ACCOUNTANTS:

D M B Davies Limited

Broyan House

Priory Street

Cardigan

Ceredigion

SA43 1BZ

FIXED ASSETS

Tangible assets

4

35,247

28,121

CURRENT ASSETS

Stocks

190,000

200,000

Debtors

5

100,577

114,758

Cash at bank and in hand

11,567

10,059

302,144

324,817

CREDITORS

Amounts falling due within one year

6

250,228

267,842

NET CURRENT ASSETS

51,916

56,975

TOTAL ASSETS LESS CURRENT LIABILITIES

87,163

85,096

CREDITORS

Amounts falling due after more than one year

7

(4,843

)

(8,567

)

PROVISIONS FOR LIABILITIES

(6,697

)

(5,343

)

NET ASSETS

75,623

71,186

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

75,523

71,086

SHAREHOLDERS' FUNDS

75,623

71,186

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

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

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 8 September 2025 and were signed on its behalf by:

Mrs E M Rees - Director

1.	STATUTORY INFORMATION

Maenclochog Hardware & Country Store 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.

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

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 1 (2023 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

machinery

vehicles

Totals

£

£

£

COST

At 1 January 2024

25,737

11,900

37,637

Additions

14,738

4,400

19,138

Disposals

-

(5,000

)

(5,000

)

At 31 December 2024

40,475

11,300

51,775

DEPRECIATION

At 1 January 2024

5,616

3,900

9,516

Charge for year

6,972

1,840

8,812

Eliminated on disposal

-

(1,800

)

(1,800

)

At 31 December 2024

12,588

3,940

16,528

NET BOOK VALUE

At 31 December 2024

27,887

7,360

35,247

At 31 December 2023

20,121

8,000

28,121

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

100,064

104,950

Other debtors

513

9,808

100,577

114,758

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

16,552

34,234

Hire purchase contracts

6,556

3,370

Trade creditors

101,092

93,836

Taxation and social security

7,191

19,373

Other creditors

118,837

117,029

250,228

267,842

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Hire purchase contracts

4,843

8,567

8.	RELATED PARTY DISCLOSURES

9.	ULTIMATE CONTROLLING PARTY