REGISTERED NUMBER: 09974432 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST JANUARY 2025

FOR

COED-Y-GLYN LOG CABINS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

T I J Davies

REGISTERED OFFICE:

25 Grosvenor Road

Wrexham

LL11 1BT

REGISTERED NUMBER:

09974432 (England and Wales)

ACCOUNTANTS:

M. D. Coxey and Co. Limited

Chartered Accountants

25 Grosvenor Road

Wrexham

LL11 1BT

BANKERS:

Barclays Bank plc

51-52 Hope Street

Wrexham

LL11 1BB

FIXED ASSETS

Tangible assets

4

621,713

642,127

CURRENT ASSETS

Debtors

5

2,514

12,255

Cash at bank

5,812

8,910

8,326

21,165

CREDITORS

Amounts falling due within one year

6

384,898

438,506

NET CURRENT LIABILITIES

(376,572

)

(417,341

)

TOTAL ASSETS LESS CURRENT LIABILITIES

245,141

224,786

CREDITORS

Amounts falling due after more than one year

7

(59,173

)

(79,289

)

PROVISIONS FOR LIABILITIES

8

(60,725

)

(43,733

)

NET ASSETS

125,243

101,764

CAPITAL AND RESERVES

Called up share capital

9

90

90

Retained earnings

125,153

101,674

SHAREHOLDERS' FUNDS

125,243

101,764

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st January 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 20th October 2025 and were signed by:

T I J Davies - Director

1.	STATUTORY INFORMATION

Coed-Y-Glyn Log Cabins 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Freehold property

-

50 years

Fixtures and fittings

-

20% on cost

Motor vehicles

-

20% 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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 2 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

and

Motor

property

fittings

vehicles

Totals

£

£

£

£

COST

At 1st February 2024

596,972

113,732

83,347

794,051

Additions

28,261

396

-

28,657

At 31st January 2025

625,233

114,128

83,347

822,708

DEPRECIATION

At 1st February 2024

71,197

68,453

12,274

151,924

Charge for year

12,386

15,848

20,837

49,071

At 31st January 2025

83,583

84,301

33,111

200,995

NET BOOK VALUE

At 31st January 2025

541,650

29,827

50,236

621,713

At 31st January 2024

525,775

45,279

71,073

642,127

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

At 1st February 2024

and 31st January 2025

72,227

DEPRECIATION

At 1st February 2024

6,019

Charge for year

18,057

At 31st January 2025

24,076

NET BOOK VALUE

At 31st January 2025

48,151

At 31st January 2024

66,208

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.25

31.1.24

£

£

Other debtors

1,172

-

Tax

-

10,982

Prepayments

1,342

1,273

2,514

12,255

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.25

31.1.24

£

£

Bank loans and overdrafts

10,000

10,000

Hire purchase contracts

7,964

7,964

Trade creditors

3,918

498

Tax

4,457

-

Social security and other taxes

312

415

VAT

15,446

4,648

Other creditors

-

1,650

Directors' current accounts

230,965

236,550

Deferred income

107,112

172,148

Accrued expenses

4,724

4,633

384,898

438,506

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.1.25

31.1.24

£

£

Bank loans - 1-2 years

8,538

10,000

Bank loans - 2-5 years

-

10,026

Hire purchase contracts

50,635

59,263

59,173

79,289

8.	PROVISIONS FOR LIABILITIES

31.1.25

31.1.24

£

£

Deferred tax

Accelerated capital allowances

60,725

63,580

Tax losses carried forward

-

(19,847

)

60,725

43,733

Deferred

tax

£

Balance at 1st February 2024

43,733

Movement in the year due to:

changes in tax allowances

(2,855

)

changes in tax rates

change in tax losses

19,847

Balance at 31st January 2025

60,725

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.1.25

31.1.24

value:

£

£

90

Ordinary Shares

£1

90

90

10.	CAPITAL COMMITMENTS

31.1.25

31.1.24

£

£

Contracted but not provided for in the

financial statements

-

-

11.	ULTIMATE CONTROLLING PARTY

The controlling party is T I J Davies.