REGISTERED NUMBER: 02461738 (England and Wales)

B.V. REES 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 E W Rees

Mrs K L Rees

Mr G I Rees

SECRETARY:

Mr J M Davies

REGISTERED OFFICE:

Abbey Garage

St Dogmaels

Cardigan

Ceredigion

SA43 3DX

REGISTERED NUMBER:

02461738 (England and Wales)

ACCOUNTANTS:

D M B Davies Limited

Broyan House

Priory Street

Cardigan

Ceredigion

SA43 1BZ

FIXED ASSETS

Tangible assets

4

300,401

305,291

CURRENT ASSETS

Stocks

1,484,459

1,808,015

Debtors

5

453,097

687,946

Cash at bank and in hand

4,066,156

3,625,205

6,003,712

6,121,166

CREDITORS

Amounts falling due within one year

6

914,015

1,209,407

NET CURRENT ASSETS

5,089,697

4,911,759

TOTAL ASSETS LESS CURRENT LIABILITIES

5,390,098

5,217,050

PROVISIONS FOR LIABILITIES

41,997

36,398

NET ASSETS

5,348,101

5,180,652

CAPITAL AND RESERVES

Called up share capital

23,000

23,000

Retained earnings

5,325,101

5,157,652

SHAREHOLDERS' FUNDS

5,348,101

5,180,652

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 13 October 2025 and were signed on its behalf by:

Mr E W Rees - Director

1.	STATUTORY INFORMATION

B.V. Rees 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.

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

-

Straight line over 20 years

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.

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 13 (2024 - 14 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Plant and

and

property

machinery

fittings

£

£

£

COST

At 1 April 2024

966,498

309,450

151,611

Additions

66,276

-

-

At 31 March 2025

1,032,774

309,450

151,611

DEPRECIATION

At 1 April 2024

807,369

253,203

67,409

Charge for year

48,670

8,437

12,631

At 31 March 2025

856,039

261,640

80,040

NET BOOK VALUE

At 31 March 2025

176,735

47,810

71,571

At 31 March 2024

159,129

56,247

84,202

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 April 2024

50,026

12,342

1,489,927

Additions

-

-

66,276

At 31 March 2025

50,026

12,342

1,556,203

DEPRECIATION

At 1 April 2024

49,280

7,375

1,184,636

Charge for year

186

1,242

71,166

At 31 March 2025

49,466

8,617

1,255,802

NET BOOK VALUE

At 31 March 2025

560

3,725

300,401

At 31 March 2024

746

4,967

305,291

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

436,213

644,354

Other debtors

16,884

43,592

453,097

687,946

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

614,425

968,765

Taxation and social security

207,700

151,481

Other creditors

91,890

89,161

914,015

1,209,407

7.	RELATED PARTY DISCLOSURES

There were no other material related party transactions during the year.

8.	ULTIMATE CONTROLLING PARTY

Control of the Company is exercised by Mr & Mrs EW Rees who own all of the issued share capital of the Company.