Usk And Wye Valley ATV Limited

Financial Statements for the Year Ended 31 March 2025

DIRECTORS:

D J Evans

L B Evans

SECRETARY:

L B Evans

REGISTERED OFFICE:

The Old Stables

Pencraig Farm

Llanhennock, Caerleon

Newport

NP18 1LU

REGISTERED NUMBER:

10530819 (England and Wales)

ACCOUNTANTS:

BPU Limited

Chartered Accountants

Radnor House

Greenwood Close

Cardiff Gate Business Park

Cardiff

CF23 8AA

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Usk And Wye Valley ATV Limited for the year ended 31 March 2025 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at icaew.com/membershandbook.

This report is made solely to the Board of Directors of Usk And Wye Valley ATV Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Usk And Wye Valley ATV Limited and state those matters that we have agreed to state to the Board of Directors of Usk And Wye Valley ATV Limited, as a body, in this report in accordance with icaew/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Usk And Wye Valley ATV Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Usk And Wye Valley ATV Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Usk And Wye Valley ATV Limited. You consider that Usk And Wye Valley ATV Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Usk And Wye Valley ATV Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

BPU Limited

Chartered Accountants

14 December 2025

FIXED ASSETS

Tangible assets

3

41,049

34,339

CURRENT ASSETS

Stocks

150,924

91,810

Debtors

4

37,766

115,499

Cash at bank

78,525

85,075

267,215

292,384

CREDITORS

Amounts falling due within one year

5

200,048

219,058

NET CURRENT ASSETS

67,167

73,326

TOTAL ASSETS LESS CURRENT
LIABILITIES

108,216

107,665

CREDITORS

Amounts falling due after more than
one year

6

(1,333

)

(9,333

)

PROVISIONS FOR LIABILITIES

(7,850

)

(5,750

)

NET ASSETS

99,033

92,582

CAPITAL AND RESERVES

Called up share capital

100

Retained earnings

98,933

92,482

SHAREHOLDERS' FUNDS

99,033

92,582

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 14 December 2025 and were signed on its behalf by:

D J Evans - Director

1.	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.

Improvements to property

-

10% straight line

Plant and machinery

-

15% reducing balance

Motor vehicles

-

20% reducing balance

Computer equipment

-

25% 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

Assets held under finance leases and hire purchase contracts, which are those where substantially all the risks and rewards of ownership of the asset have passed to the company, are capitalised in the balance sheet and depreciated over their useful lives.

The interest element of the rental obligations is charged to the profit and loss account over the period of the lease and represents a constant proportion of the balance of capital repayments outstanding.

Rentals paid under operating leases are charged to income on a straight line basis over the lease term.

Pension costs

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.

2.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2024 - 3 ) .

3.	TANGIBLE FIXED ASSETS

Improvements

to

Plant and

Motor

Computer

property

machinery

vehicles

equipment

Totals

£

COST

At 1 April 2024

-

59,342

3,837

63,179

Additions

12,067

6,687

-

18,754

Disposals

-

(11,700

)

(1,000

)

(12,700

)

At 31 March 2025

12,067

6,687

47,642

2,837

69,233

DEPRECIATION

At 1 April 2024

-

26,308

2,532

28,840

Charge for year

571

249

5,588

253

6,661

Eliminated on disposal

-

(6,608

)

(709

)

(7,317

)

At 31 March 2025

571

249

25,288

2,076

28,184

NET BOOK VALUE

At 31 March 2025

11,496

6,438

22,354

761

41,049

At 31 March 2024

-

33,034

1,305

34,339

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

Motor

vehicles

£

COST

At 1 April 2024

and 31 March 2025

27,437

DEPRECIATION

At 1 April 2024

10,463

Charge for year

3,395

At 31 March 2025

13,858

NET BOOK VALUE

At 31 March 2025

13,579

At 31 March 2024

16,974

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Trade debtors

36,364

115,499

Other debtors & prepayments

1,402

-

37,766

115,499

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Bank loans and overdrafts

8,000

Hire purchase contracts

-

4,471

Trade creditors

37,249

3,265

Taxes & social security costs

2,306

30,650

Other creditors & accruals

152,493

172,672

200,048

219,058

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR

2025

2024

£

Bank loans

1,333

9,333