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Company Registration No. 07220869 (England and Wales)
Glyn Rees & Son Limited Unaudited accounts for the year ended 31 December 2025
Glyn Rees & Son Limited Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Glyn Rees & Son Limited Company Information for the year ended 31 December 2025
Directors
Mr Dilwyn Rees Mr Dylan Rees
Company Number
07220869 (England and Wales)
Registered Office
Tremynfa, Wyle Cop Street Dinas Mawddwy Machynlleth Powys SY20 9JD
Accountants
Robert Jenkins Ger Y Mynydd Dinas Mawddwy Machynlleth Powys SY20 9LP
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Glyn Rees & Son Limited Statement of financial position as at 31 December 2025
2025
2024
Notes
£
£
Fixed assets
Intangible assets
4
-
54,167
Tangible assets
5
-
14,067
Investments
6
103,699
101,352
103,699
169,586
Current assets
Inventories
-
11,942
Debtors
7
20,140
64,979
Cash at bank and in hand
555,857
724,559
575,997
801,480
Creditors: amounts falling due within one year
8
(83,460)
(122,066)
Net current assets
492,537
679,414
Net assets
596,236
849,000
Capital and reserves
Called up share capital
9
100
100
Profit and loss account
596,136
848,900
Shareholders' funds
596,236
849,000
For the year ending 31 December 2025 the company was entitled to exemption from audit 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 and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 24 February 2026 and were signed on its behalf by
Mr Dilwyn Rees Director Company Registration No. 07220869
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Glyn Rees & Son Limited Notes to the Accounts for the year ended 31 December 2025
1
Statutory information
Glyn Rees & Son Limited is a private company, limited by shares, registered in England and Wales, registration number 07220869. The registered office is Tremynfa, Wyle Cop Street, Dinas Mawddwy, Machynlleth, Powys, SY20 9JD.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and disposal proceeds on cessation of trade.
Motor vehicles
Fixtures & fittings
Intangible fixed assets
Intangible fixed assets (purchased goodwill) are included at cost less accumulated amortisation. Amortisation is written off on cessation of trading.
4
Intangible fixed assets
Goodwill
£
Cost
At 1 January 2025
174,167
At 31 December 2025
174,167
Amortisation
At 1 January 2025
120,000
Charge for the year
54,167
At 31 December 2025
174,167
Net book value
At 31 December 2025
-
At 31 December 2024
54,167
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Glyn Rees & Son Limited Notes to the Accounts for the year ended 31 December 2025
5
Tangible fixed assets
Motor vehicles
Fixtures & fittings
Total
£
£
£
Cost or valuation
At cost
At cost
At 1 January 2025
108,449
21,277
129,726
Disposals
(11,378)
(2,689)
(14,067)
At 31 December 2025
97,071
18,588
115,659
Depreciation
At 1 January 2025
97,071
18,588
115,659
At 31 December 2025
97,071
18,588
115,659
Net book value
At 31 December 2025
-
-
-
At 31 December 2024
11,378
2,689
14,067
6
Investments
Other investments
£
Valuation at 1 January 2025
101,352
Additions
2,347
Valuation at 31 December 2025
103,699
Prudential International Offshore Bond. Gain on investment of £2,347 has been included in P & L.
7
Debtors
2025
2024
£
£
Amounts falling due within one year
Trade debtors
13,510
56,422
Accrued income and prepayments
6,630
8,557
20,140
64,979
8
Creditors: amounts falling due within one year
2025
2024
£
£
VAT
89
1,144
Trade creditors
-
2,309
Taxes and social security
(24,000)
(5,807)
Loans from directors
104,951
107,320
Accruals
2,420
17,100
83,460
122,066
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Glyn Rees & Son Limited Notes to the Accounts for the year ended 31 December 2025
9
Share capital
2025
2024
£
£
Allotted, called up and fully paid:
51 Mr Dilwyn Rees of £1 each
51
51
49 Mr Dylan Rees of £1 each
49
49
100
100
10
Transactions with related parties
Directors loan accounts with the Company are used to record amounts due and amounts drawn by the directors during the year. Neither account was overdrawn:
11
Average number of employees
During the year the average number of employees was 3 (2024: 8).
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