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REGISTERED NUMBER: 00867341 (England and Wales)














UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

PENRY MORGAN (BLAENAVON) LIMITED
PENRY MORGAN (BLAENAVON) LIMITED (REGISTERED NUMBER: 00867341)






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




Page

Balance Sheet 1

Notes to the Financial Statements 3


PENRY MORGAN (BLAENAVON) LIMITED (REGISTERED NUMBER: 00867341)

BALANCE SHEET
31 DECEMBER 2024

31/12/24 31/12/23
Notes £    £    £   
FIXED ASSETS
Property, plant and equipment 4 100,227 109,687

CURRENT ASSETS
Inventories 2,100 1,557
Debtors 5 150,245 110,043
Cash at bank and in hand 730 33
153,075 111,633
CREDITORS
Amounts falling due within one year 6 994,523 962,157
NET CURRENT LIABILITIES (841,448 ) (850,524 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
(741,221
)
(740,837
)

CREDITORS
Amounts falling due after more than one year 7 13,478 16,243
NET LIABILITIES (754,699 ) (757,080 )

CAPITAL AND RESERVES
Called up share capital 500 500
Other reserves 51,433 51,433
Retained earnings (806,632 ) (809,013 )
(754,699 ) (757,080 )

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 director acknowledges her 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 notes form part of these financial statements

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PENRY MORGAN (BLAENAVON) LIMITED (REGISTERED NUMBER: 00867341)

BALANCE SHEET - continued
31 DECEMBER 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 24 July 2025 and were signed by:





Ms R Jones - Director


The notes form part of these financial statements

Page 2
PENRY MORGAN (BLAENAVON) LIMITED (REGISTERED NUMBER: 00867341)

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

1. STATUTORY INFORMATION

Penry Morgan (Blaenavon) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 00867341

Registered office: Unit 18
Gilchrist Thomas Industrial Estate
Blaenavon
Pontypool
NP4 9RL

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.

At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue operating for the foreseeable future.

No material uncertainties that may cast significant doubt about the ability of the company to continue as a going concern have been identified by the directors.

Therefore the financial statements have been prepared on a going concern basis as the company will continue to be supported by the Directors.

Turnover
Revenue 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.
Land and buildings - 2% on cost-excluding land at 0%
Plant and machinery etc - 50% on cost and 20% on reducing balance

Stocks
Inventories 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.


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PENRY MORGAN (BLAENAVON) LIMITED (REGISTERED NUMBER: 00867341)

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

2. ACCOUNTING POLICIES - continued
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 8 (2023 - 8 ) .

4. PROPERTY, PLANT AND EQUIPMENT
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 January 2024 60,000 234,796 294,796
Additions - 8,500 8,500
At 31 December 2024 60,000 243,296 303,296
DEPRECIATION
At 1 January 2024 26,400 158,709 185,109
Charge for year 800 17,160 17,960
At 31 December 2024 27,200 175,869 203,069
NET BOOK VALUE
At 31 December 2024 32,800 67,427 100,227
At 31 December 2023 33,600 76,087 109,687

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/24 31/12/23
£    £   
Trade debtors 91,712 49,224
Other debtors 58,533 60,819
150,245 110,043

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PENRY MORGAN (BLAENAVON) LIMITED (REGISTERED NUMBER: 00867341)

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

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/24 31/12/23
£    £   
Bank loans and overdrafts 14,442 49,573
Trade creditors 27,244 18,720
Taxation and social security 28,253 24,213
Other creditors 924,584 869,651
994,523 962,157

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31/12/24 31/12/23
£    £   
Bank loans 13,478 16,243

8. GOING CONCERN

The financial statements have been prepared on the going concern principal which assumes that the company will continue to function in the foreseeable future. In order to do so, the company will require the continued support of its director, bankers and creditors.

Page 5