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Registered number: 08620139

MYTHILY & SON GARN LTD

ACCOUNTS

FOR THE YEAR ENDED 31/07/2025

Prepared By:

Speed Consultants Ltd

Licensed Accountant

954 Eastern Avenue

Ilford

Essex

IG2 7JD

MYTHILY & SON GARN LTD

ACCOUNTS

FOR THE YEAR ENDED 31/07/2025

DIRECTORS

S Paramesvaran

M Paramesvaran

REGISTERED OFFICE

46A GARN ROAD

MAESTEG

WALES

CF34 9AT

COMPANY DETAILS

Private company limited by shares registered in EW - England and Wales, registered number 08620139

ACCOUNTANTS

Speed Consultants Ltd

Licensed Accountant

954 Eastern Avenue

Ilford

Essex

IG2 7JD

MYTHILY & SON GARN LTD

ACCOUNTS
FOR THEYEARENDED31/07/2025
CONTENTS
		Page
Directors' Report		-
Accountants' Report		-
Statement Of Comprehensive Income		-
Balance Sheet		3
Notes To The Accounts		4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account		-
Profit And Loss Account Summaries		-

MYTHILY & SON GARN LTD

BALANCE SHEET AT 31/07/2025
						2025				2024
		Notes				£				£
FIXED ASSETS
Intangible assets		2				153,000				153,000
Tangible assets		3				328,436				297,133
						481,436				450,133
CURRENT ASSETS
Stock				58,520				80,240
Debtors		5		65,961				46,746
Cash at bank and in hand				487,918				22,560
				612,399				149,546
CREDITORS: Amounts falling due within one year		6		304,255				88,836
NET CURRENT ASSETS						308,144				60,710
TOTAL ASSETS LESS CURRENT LIABILITIES						789,580				510,843
CREDITORS: Amounts falling due after more than one year		7				653,920				413,920
NET ASSETS						135,660				96,923
CAPITAL AND RESERVES
Called up share capital		9				100				100
Profit and loss account						135,560				96,823
SHAREHOLDERS' FUNDS						135,660				96,923
For the year ending 31/07/2025 the company was entitled to exemption 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.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 27/04/2026 and signed on their behalf by
.............................
S Paramesvaran
Director

MYTHILY & SON GARN LTD

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31/07/2025

1. ACCOUNTING POLICIES

1a. Basis Of Accounting

The accounts have been prepared under the historical cost convention.

The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .

1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Fixtures and Fittings		reducing balance 15%
Equipment		reducing balance 20%

1c. Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.

When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.

1d. Goodwill

Goodwill arising in connection with the acquisition of businesses is capitalised and amortised over its estimated economic life to a maximum of 20 years. Goodwill is reviewed annually for impairment if events or changes in circumstances indicate that the carrying value may not be recoverable.

MYTHILY & SON GARN LTD

2. INTANGIBLE FIXED ASSETS
		Purchased
		Goodwill		Total
		£		£
Cost
At 01/08/2024		153,000		153,000
At 31/07/2025		153,000		153,000
Depreciation
At 31/07/2025		-		-
Net Book Amounts
At 31/07/2025		153,000		153,000
At 31/07/2024		153,000		153,000

3. TANGIBLE FIXED ASSETS
		Land And		Fixtures
		Buildings		and Fittings		Equipment		Total
		£		£		£		£
Cost
At 01/08/2024		235,338		112,001		31,021		378,360
Additions		27,000		17,000		-		44,000
At 31/07/2025		262,338		129,001		31,021		422,360
Depreciation
At 01/08/2024		-		67,763		13,464		81,227
For the year		-		9,186		3,511		12,697
At 31/07/2025		-		76,949		16,975		93,924
Net Book Amounts
At 31/07/2025		262,338		52,052		14,046		328,436
At 31/07/2024		235,338		44,238		17,557		297,133

4. STOCK				2025		2024
				£		£
Stock comprises:
Stock				58,520		80,240
				58,520		80,240

MYTHILY & SON GARN LTD

5. DEBTORS				2025		2024
				£		£
Amounts falling due within one year
Pension control				228		115
Other debtors				55,650		-
Prepayments				10,083		46,631
				65,961		46,746

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
				2025		2024
				£		£
UK corporation tax				20,314		22,178
VAT				7,628		4,716
PAYE control				3,031		1,469
Salaries and wages control				6,975		6,692
Directors current account				60,343		36,000
Trade creditors				8,220		8,118
Other creditors				17,659		9,663
Accruals				500		-
Amounts due to group companies				179,585		-
				304,255		88,836

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
				2025		2024
				£		£
Loans >1yr				250,000		-
Loans >1yr				9,008		19,008
Other creditors > 1yr				394,912		394,912
				653,920		413,920

MYTHILY & SON GARN LTD

8. EMPLOYEES
				2025		2024
				No.		No.
Average number of employees				6		6
5

9. SHARE CAPITAL				2025		2024
				£		£
Allotted, issued and fully paid:
100 Ordinary shares of £1 each				100		100
				100		100