Glyn Edwards Office Equipment Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 01489926 (England and Wales)

Financial Statements

for the Year Ended 31 March 2025

for

Glyn Edwards Office Equipment Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

G.L. Edwards

J M Edwards

SECRETARY:

J M Edwards

REGISTERED OFFICE:

Caxton Buildings

4 Charles Street

MILFORD HAVEN

Pembrokeshire

SA73 2AJ

REGISTERED NUMBER:

01489926 (England and Wales)

SOLICITORS:

Price and Kelway

16 Hamilton Terrace

Milford Haven

Pembrokeshire

SA73 3JA

FIXED ASSETS

Tangible assets

4

43,808

48,559

Investments

5

100

43,908

48,659

CURRENT ASSETS

Stocks

6

139,200

135,100

Debtors

7

466,211

439,662

Investments

8

137,702

141,520

Cash at bank and in hand

1,142,841

1,115,849

1,885,954

1,832,131

CREDITORS

Amounts falling due within one year

9

482,433

463,453

NET CURRENT ASSETS

1,403,521

1,368,678

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,447,429

1,417,337

PROVISIONS FOR LIABILITIES

9,425

10,380

NET ASSETS

1,438,004

1,406,957

CAPITAL AND RESERVES

Called up share capital

100

Fair value reserve

10

28,276

31,140

Retained earnings

1,409,628

1,375,717

SHAREHOLDERS' FUNDS

1,438,004

1,406,957

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 17 December 2025 and were signed on its behalf by:

G.L. Edwards - Director

1.	STATUTORY INFORMATION

Glyn Edwards Office Equipment 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.

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

10% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

20% 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.

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 9 (2024 - 9 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

COST

At 1 April 2024

20,821

48,026

128,462

31,015

228,324

Additions

-

8,507

Disposals

-

(16,416

)

(16,416

)

At 31 March 2025

20,821

48,026

128,462

23,106

220,415

DEPRECIATION

At 1 April 2024

17,722

41,009

95,299

25,735

179,765

Charge for year

465

702

8,291

2,497

11,955

Eliminated on disposal

-

(15,113

)

(15,113

)

At 31 March 2025

18,187

41,711

103,590

13,119

176,607

NET BOOK VALUE

At 31 March 2025

2,634

6,315

24,872

9,987

43,808

At 31 March 2024

3,099

7,017

33,163

5,280

48,559

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 April 2024

and 31 March 2025

100

NET BOOK VALUE

At 31 March 2025

100

At 31 March 2024

100

6.

STOCKS

31.3.25

31.3.24

£

Stocks

139,200

135,100

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

Trade debtors

126,154

99,568

Amounts owed by group undertakings

340,000

Other debtors

57

94

466,211

439,662

8.	CURRENT ASSET INVESTMENTS

31.3.25

31.3.24

£

Listed investments

137,702

141,520

9.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

Trade creditors

52,004

49,536

Tax

31,670

37,709

Social Security and Other Taxes

7,691

5,193

VAT

24,684

20,127

Other creditors

3,531

2,717

Loan from connected company

353,404

340,904

Directors' current accounts

4,694

2,512

Accrued expenses

4,755

482,433

463,453

10.

RESERVES

Fair

value

reserve

£

At 1 April 2024

31,140

Transfer

(2,864

)

At 31 March 2025

28,276

11.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2025 and 31 March 2024:

31.3.25

31.3.24

£

G.L. Edwards

Balance outstanding at start of year

(296

)

(296

)

Amounts advanced

1,237

1,269

Amounts repaid

(1,237

)

(1,269

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

(296

)

(296

)

J M Edwards

Balance outstanding at start of year

(2,215

)

(7,886

)

Amounts advanced

-

7,886

Amounts repaid

(2,183

)

(2,215

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

(4,398

)

(2,215

)

12.	ULTIMATE CONTROLLING PARTY

The controlling party is G.L. Edwards.