T J Morgan (Barry) Limited


Directors	Ryan Blanche
	Ioan Evans
	Jake Roberts


Registered Address	46 Vale Business Park
	Llandow
	Cowbridge
	CF71 7PF


Registered Number	03635675 (England and Wales)

Balance Sheet as at
30 April 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Tangible assets	4		355,520		448,000
			355,520		448,000
Current assets
Stocks	5	19,250		19,250
Debtors	6	2,284,257		2,152,314
Cash at bank and on hand		4,581		10,606
		2,308,088		2,182,170
Creditors amounts falling due within one year	7	(673,760)		(561,528)
Net current assets (liabilities)			1,634,328		1,620,642
Total assets less current liabilities			1,989,848		2,068,642
Creditors amounts falling due after one year	8		(414,837)		(345,192)
Provisions for liabilities	10		(67,549)		(45,383)
Net assets			1,507,462		1,678,067
Capital and reserves
Called up share capital			2		2
Profit and loss account			1,507,460		1,678,065
Shareholders' funds			1,507,462		1,678,067

The company was entitled to exemption from audit for this reporting period under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.
The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).

The financial statements were approved and authorised for issue by the Board of Directors on 23 December 2025, and are signed on its behalf by:

Ioan Evans
Director
Registered Company No. 03635675

T J Morgan (Barry) Limited

Notes to the Financial Statements
for the year ended 30 April 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.

	Revenue from sale of goods
	Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

Revenue from sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Employee benefits
	Contributions to defined contribution plans are expensed in the period to which they relate.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

Foreign currency translation

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Deferred tax
	Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

Deferred tax

Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Intangible assets
	Intangible assets are measured at cost less accumulated amortisation and any accumulated impairment losses. Amortisation is charged so as to allocate the cost of intangibles less their residual values over their estimated useful lives, using the straight-line method. The intangible assets are amortised over the following useful economic lives: - Goodwill 25 years

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

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

	Stocks and work in progress
	Inventories are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).

	Trade and other debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

Trade and other debtors

Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

2.	Average number of employees


		2025		2024
	Average number of employees during the year	12		16

3.	Intangible assets

		Total
		£
	Cost or valuation
	At 01 May 24	170,000
	At 30 April 25	170,000
	Amortisation and impairment
	At 01 May 24	170,000
	At 30 April 25	170,000
	Net book value
	At 30 April 25	-
	At 30 April 24	-

4.	Tangible fixed assets

		Total
		£
	Cost or valuation
	At 01 May 24	1,081,118
	At 30 April 25	1,081,118
	Depreciation and impairment
	At 01 May 24	633,119
	Charge for year	92,479
	At 30 April 25	725,598
	Net book value
	At 30 April 25	355,520
	At 30 April 24	448,000

5.	Stocks

	2025	2024
	£	£
Other stocks	19,250	19,250
Total	19,250	19,250

6.	Debtors: amounts due within one year

	2025	2024
	£	£
Trade debtors / trade receivables	454,589	397,018
Amounts owed by associates and joint ventures / participating interests	1,827,881	1,733,871
Prepayments and accrued income	1,787	21,425
Total	2,284,257	2,152,314

7.	Creditors: amounts due within one year

	2025	2024
	£	£
Trade creditors / trade payables	644,149	393,357
Amounts owed to related parties	8,660	-
Taxation and social security	11,502	82,221
Other creditors	4,449	80,949
Accrued liabilities and deferred income	5,000	5,001
Total	673,760	561,528


	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

8.	Creditors: amounts due after one year

	2025	2024
	£	£
Bank borrowings and overdrafts	196,361	52,290
Other creditors	218,476	292,902
Total	414,837	345,192

9.	Obligations under finance leases
	Finance Arrangements Liability due < 1 year 95,361.84 Liability due > 1 year 315,595.85 Of Which Creditors Liability due < 1 year 95,361.84 Liability due > 1 year 315,595.85

10.	Provisions for liabilities

	2025	2024
	£	£
Net deferred tax liability (asset)	67,549	45,383
Total	67,549	45,383