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Registration number: 15937956

Towy Engineering Ltd
REPORT OF THE DIRECTORS and Unaudited Financial Statements
for the Period from 5 September 2024 to 30 September 2025

Towy Engineering Ltd

Contents

Company Information | 1
Balance Sheet | 2 to 3
Notes to the Unaudited Financial Statements | 4 to 8

Towy Engineering Ltd

Company Information

Director | Mr Jonathan Michael Andrew Thomas

Registered office | C/o Wynne And Co Forestry House Brewery Road Carmarthen Carmarthenshire SA31 1TF

Accountants | Wynne & Co Chartered Accountants Forestry House Brewery Road Carmarthen Carmarthenshire SA31 1TF

Towy Engineering Ltd

(Registration number: 15937956)
Balance Sheet as at 30 September 2025

| Note | 30 September 2025 £
Fixed assets |  |
Tangible assets | 4 | 1,707
Current assets |  |
Stocks | 5 | 11,197
Debtors | 6 | 51,915
|  | 63,112
Creditors: Amounts falling due within one year | 7 | (34,587)
Net current assets |  | 28,525
Net assets |  | 30,232
Capital and reserves |  |
Retained earnings |  | 30,232
Shareholders' funds |  | 30,232

For the financial period ending 30 September 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and
• | The director acknowledges his 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. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 29 April 2026

Towy Engineering Ltd

(Registration number: 15937956)
Balance Sheet as at 30 September 2025

......................................... Mr Jonathan Michael Andrew Thomas Director

Towy Engineering Ltd

Notes to the Unaudited Financial Statements
for the Period from 5 September 2024 to 30 September 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:
C/o Wynne And Co Forestry House
Brewery Road
Carmarthen
Carmarthenshire
SA31 1TF
Wales

These financial statements were authorised for issue by the director on 29 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.

Towy Engineering Ltd

Notes to the Unaudited Financial Statements
for the Period from 5 September 2024 to 30 September 2025

Tax

The tax expense for the period comprises current 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.

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:

Trade 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.

Towy Engineering Ltd

Notes to the Unaudited Financial Statements
for the Period from 5 September 2024 to 30 September 2025

Trade 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.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

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.

3 | Staff numbers

The average number of persons employed by the company (including the director) during the period, was 1.

Towy Engineering Ltd

Notes to the Unaudited Financial Statements
for the Period from 5 September 2024 to 30 September 2025

4 | Tangible assets

| Other tangible assets £ | Total £
Cost or valuation
Additions | 1,932 | 1,932
At 30 September 2025 | 1,932 | 1,932
Depreciation
Charge for the period | 225 | 225
At 30 September 2025 | 225 | 225
Carrying amount
At 30 September 2025 | 1,707 | 1,707

5 | Stocks

| 30 September 2025 £
Work in progress | 10,195
Other inventories | 1,002
| 11,197

6 | Debtors

Current | 30 September 2025 £
Trade debtors | 36,156
Other debtors | 15,759
| 51,915

7 | Creditors

Creditors: amounts falling due within one year

Towy Engineering Ltd

Notes to the Unaudited Financial Statements
for the Period from 5 September 2024 to 30 September 2025

| Note | 30 September 2025 £
Due within one year |  |
Bank loans and overdrafts | 9 | 55
Taxation and social security |  | 5,873
Accruals and deferred income |  | 1,745
Other creditors |  | 26,914
|  | 34,587

8 | Share capital

Allotted, called up and fully paid shares

| 30 September 2025
| No. | £
Odrinary Shares of £1 each | 1 | 1

9 | Loans and borrowings

Current loans and borrowings

| 30 September 2025 £
Bank overdrafts | 55

10 | Dividends

Interim dividends paid

|  | 30 September 2025 £ |
Interim dividend of £21,000.00 per each Orinary Shares |  | 21,000 |