REGISTERED NUMBER: 04510501 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

Penlan Argoed Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

R J Evans

A E D Evans

J H Evans

R M Evans

SECRETARY:

A E D Evans

REGISTERED OFFICE:

The Old School

The Quay

Carmarthen

Carmarthenshire

SA31 3JP

REGISTERED NUMBER:

04510501 (England and Wales)

FIXED ASSETS

Tangible assets

4

1,712,436

1,686,466

CURRENT ASSETS

Stocks

5

719,000

690,350

Debtors

6

324,000

280,843

Cash at bank

267,441

177,539

1,310,441

1,148,732

CREDITORS

Amounts falling due within one year

7

547,442

530,245

NET CURRENT ASSETS

762,999

618,487

TOTAL ASSETS LESS CURRENT LIABILITIES

2,475,435

2,304,953

CREDITORS

Amounts falling due after more than one year

8

(4,167

)

(16,667

)

PROVISIONS FOR LIABILITIES

(296,867

)

(220,684

)

NET ASSETS

2,174,401

2,067,602

CAPITAL AND RESERVES

Called up share capital

204

204

Retained earnings

2,174,197

2,067,398

SHAREHOLDERS' FUNDS

2,174,401

2,067,602

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 29 December 2025 and were signed on its behalf by:

R J Evans - Director

1.	STATUTORY INFORMATION

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

Plant and machinery

-

15% on reducing balance

Computer equipment

-

15% 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.

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 NIL (2024 - 8 ).

4.	TANGIBLE FIXED ASSETS

Improvements

to

Plant and

Computer

Entitlements

property

machinery

equipment

Totals

£

£

£

£

£

COST

At 1 April 2024

1,721

524,963

2,351,422

5,771

2,883,877

Additions

-

-

186,810

-

186,810

At 31 March 2025

1,721

524,963

2,538,232

5,771

3,070,687

DEPRECIATION

At 1 April 2024

1,721

-

1,191,283

4,407

1,197,411

Charge for year

-

-

160,613

227

160,840

At 31 March 2025

1,721

-

1,351,896

4,634

1,358,251

NET BOOK VALUE

At 31 March 2025

-

524,963

1,186,336

1,137

1,712,436

At 31 March 2024

-

524,963

1,160,139

1,364

1,686,466

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

Plant and

machinery

£

COST

At 1 April 2024

123,000

Transfer to ownership

(123,000

)

At 31 March 2025

-

DEPRECIATION

At 1 April 2024

62,320

Transfer to ownership

(62,320

)

At 31 March 2025

-

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

60,680

5.

STOCKS

31.3.25

31.3.24

£

£

Stocks

248,400

232,750

Production Herd

470,600

457,600

719,000

690,350

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

289,135

244,128

Other debtors

34,865

36,715

324,000

280,843

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts

10,833

9,167

Hire purchase contracts

-

8,128

Trade creditors

301,419

258,980

Taxation and social security

22,317

(55,476

)

Other creditors

212,873

309,446

547,442

530,245

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans

4,167

16,667

9.	SECURED DEBTS

The following secured debts are included within creditors:

31.3.25

31.3.24

£

£

Bank loans

15,000

25,834

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

31.3.25

31.3.24

£

£

R J Evans

Balance outstanding at start of year

(302,396

)

(424,334

)

Amounts advanced

200,740

166,645

Amounts repaid

(109,292

)

(44,707

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(210,948

)

(302,396

)

11.	ULTIMATE CONTROLLING PARTY

The Directors are the ultimate controlling parties by virtue of their shareholding.