Filleted

Registration number: 07886529

Glanmor Davies Evans & Son Ltd

Contents

Company Information	1
Balance Sheet	2 to 3
Notes to the Financial Statements	4 to 9

Glanmor Davies Evans & Son Ltd

Company Information

Directors

Mr I D Evans Mr E G D Evans Mrs G M W Evans Ms E G N Evans

Registered office

Login Chapel of Rest Llangunnor Carmarthen SA31 2PG

Glanmor Davies Evans & Son Ltd

(Registration number: 07886529)
Balance Sheet as at 31 December 2025

	Note	2025 £	2024 £
Fixed assets
Intangible assets	5	1,697	1,697
Tangible assets	6	364,085	370,385
		365,782	372,082
Current assets
Stocks	7	7,283	4,435
Debtors	8	42,428	32,517
Cash at bank and in hand		271,068	193,660
		320,779	230,612
Creditors: Amounts falling due within one year	9	(88,347)	(66,498)
Net current assets		232,432	164,114
Total assets less current liabilities		598,214	536,196
Provisions for liabilities		(2,564)	(3,310)
Net assets		595,650	532,886
Capital and reserves
Called up share capital		100	100
Profit and loss account		595,550	532,786
Total equity		595,650	532,886

For the financial 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.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Glanmor Davies Evans & Son Ltd

(Registration number: 07886529)
Balance Sheet as at 31 December 2025

Approved and authorised by the Board on 21 April 2026 and signed on its behalf by:
 

......................................... Mr I D Evans Director

Glanmor Davies Evans & Son Ltd

Notes to the Financial Statements for the Year Ended 31 December 2025

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Login Chapel of Rest
Llangunnor
Carmarthen
SA31 2PG

These financial statements were authorised for issue by the Board on 21 April 2026.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Glanmor Davies Evans & Son Ltd

Notes to the Financial Statements for the Year Ended 31 December 2025

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Freehold buildings	over 50 years
Leasehold land and buildings	over the lease term
Plant and machinery	20% reducing balance
Fixtures, fittings, tools and equipment	over 5 years

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class	Amortisation method and rate
Goodwill	10 years straight line
Personalised number plates	No amortisation

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Glanmor Davies Evans & Son Ltd

Notes to the Financial Statements for the Year Ended 31 December 2025

Debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Glanmor Davies Evans & Son Ltd

Notes to the Financial Statements for the Year Ended 31 December 2025

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 4 (2024 - 4).

4	Profit before tax

Arrived at after charging/(crediting)

	2025 £	2024 £
Depreciation expense	6,739	7,120

5	Intangible assets

	Goodwill  £	Total £
Cost or valuation
At 1 January 2025	21,697	21,697
At 31 December 2025	21,697	21,697
Amortisation
At 1 January 2025	20,000	20,000
At 31 December 2025	20,000	20,000
Carrying amount
At 31 December 2025	1,697	1,697
At 31 December 2024	1,697	1,697

Goodwill at a cost of £20,000 has been written off in equal annual instalments over its estimated economic life of 10 years. Personalised number plates at a cost of £1,697 have not been amortised.

Glanmor Davies Evans & Son Ltd

Notes to the Financial Statements for the Year Ended 31 December 2025

6	Tangible assets

	Land and buildings £	Fixtures and fittings £	Motor vehicles  £	Total £
Cost or valuation
At 1 January 2025	356,308	34,669	60,230	451,207
Additions	-	438	-	438
At 31 December 2025	356,308	35,107	60,230	451,645
Depreciation
At 1 January 2025	8,269	18,590	53,963	80,822
Charge for the year	1,803	3,369	1,566	6,738
At 31 December 2025	10,072	21,959	55,529	87,560
Carrying amount
At 31 December 2025	346,236	13,148	4,701	364,085
At 31 December 2024	348,039	16,079	6,267	370,385

Included within the net book value of land and buildings above is £346,236 (2024 - £348,039) in respect of freehold land and buildings.
 

7

Stocks

	2025 £	2024 £
Other inventories	7,283	4,435

8

Debtors

	2025 £	2024 £
Trade debtors	40,830	30,938
Prepayments	1,598	1,579
	42,428	32,517

Glanmor Davies Evans & Son Ltd

Notes to the Financial Statements for the Year Ended 31 December 2025

9

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Trade creditors		6,775	432
Taxation and social security		45,120	29,049
Directors' loan accounts	11	30,304	31,553
Outstanding defined contribution pension costs		-	160
Other creditors		6,148	5,304
		88,347	66,498