REGISTERED NUMBER: 10052924 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

WYNFORD MILLS BUILDING LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

W J Mills

Mrs G M Mills

SECRETARY:

Mrs G M Mills

REGISTERED OFFICE:

26 North Road

Builth Wells

Powys

LD2 3BU

REGISTERED NUMBER:

10052924 (England and Wales)

ACCOUNTANT:

N E Sears ATT

NESTAX Limited

9 Church Street

Builth Wells

Powys

LD2 3AP

FIXED ASSETS

Intangible assets

4

16,500

18,000

Tangible assets

5

134,133

256,512

150,633

274,512

CURRENT ASSETS

Stocks

16,070

12,966

Debtors

6

7,243

33,724

Cash at bank

87,532

39,998

110,845

86,688

CREDITORS

Amounts falling due within one year

7

190,129

157,454

NET CURRENT LIABILITIES

(79,284

)

(70,766

)

TOTAL ASSETS LESS CURRENT LIABILITIES

71,349

203,746

CAPITAL AND RESERVES

Called up share capital

4

4

Retained earnings

71,345

203,742

71,349

203,746

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 20 September 2025 and were signed on its behalf by:

W J Mills - Director

Mrs G M Mills - Director

1.	STATUTORY INFORMATION

Wynford Mills Building 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 2016, is being amortised evenly over its estimated useful life of twenty 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

-

20% on reducing balance

Computer equipment

-

33% on reducing balance

Stocks

Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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 4 (2024 - 4 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

and 31 March 2025

30,000

AMORTISATION

At 1 April 2024

12,000

Charge for year

1,500

At 31 March 2025

13,500

NET BOOK VALUE

At 31 March 2025

16,500

At 31 March 2024

18,000

5.	TANGIBLE FIXED ASSETS

Freehold

Plant and

Computer

property

machinery

equipment

Totals

£

£

£

£

COST

At 1 April 2024

224,045

58,881

510

283,436

Additions

-

1,221

-

1,221

Disposals

(116,828

)

-

-

(116,828

)

At 31 March 2025

107,217

60,102

510

167,829

DEPRECIATION

At 1 April 2024

-

26,677

247

26,924

Charge for year

-

6,685

87

6,772

At 31 March 2025

-

33,362

334

33,696

NET BOOK VALUE

At 31 March 2025

107,217

26,740

176

134,133

At 31 March 2024

224,045

32,204

263

256,512

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

957

28,167

Other debtors

6,286

5,557

7,243

33,724

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

11,667

21,667

Trade creditors

30,482

21,358

Taxation and social security

7,314

17,717

Other creditors

140,666

96,712

190,129

157,454