REGISTERED NUMBER: 09391235 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 January 2025

for

Nial Rees (Services) Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

D N Watkin - Rees

Mrs R E Watkin - Rees

REGISTERED OFFICE:

Williamston House

7 Goat Street

Haverfordwest

Pembrokeshire

SA61 1PX

REGISTERED NUMBER:

09391235 (England and Wales)

FIXED ASSETS

Tangible assets

4

55,277

60,296

CURRENT ASSETS

Debtors

5

12,366

12,879

Cash at bank

7,756

6,048

20,122

18,927

CREDITORS

Amounts falling due within one year

6

14,720

13,541

NET CURRENT ASSETS

5,402

5,386

TOTAL ASSETS LESS CURRENT LIABILITIES

60,679

65,682

PROVISIONS FOR LIABILITIES

10,503

14,933

NET ASSETS

50,176

50,749

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

50,076

50,649

50,176

50,749

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 14 October 2025 and were signed on its behalf by:

D N Watkin - Rees - Director

1.	STATUTORY INFORMATION

Nial Rees (Services) 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

-

25% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

33% on reducing balance

Computer equipment

-

50% on cost and 33% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 2 (2024 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 February 2024

70,936

1,662

81,716

21,785

176,099

Additions

778

-

18,500

-

19,278

At 31 January 2025

71,714

1,662

100,216

21,785

195,377

DEPRECIATION

At 1 February 2024

40,811

730

53,580

20,682

115,803

Charge for year

7,726

140

15,389

1,042

24,297

At 31 January 2025

48,537

870

68,969

21,724

140,100

NET BOOK VALUE

At 31 January 2025

23,177

792

31,247

61

55,277

At 31 January 2024

30,125

932

28,136

1,103

60,296

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.25

31.1.24

£

£

Trade debtors

9,600

9,600

Other debtors

2,766

3,279

12,366

12,879

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.25

31.1.24

£

£

Trade creditors

2,136

1,968

Taxation and social security

12,183

11,483

Other creditors

401

90

14,720

13,541

7.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Interest has been charged on the overdrawn directors loan account at HM Revenue & Customs beneficial interest rate. The overdrawn directors loan account has been repaid within nine months of the year end.