Company No: 07767200 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2025		2024
		£		£
Fixed assets
Tangible assets	3	711,876		727,400
		711,876		727,400
Current assets
Debtors	4	253,524		171,957
Cash at bank and in hand		928,376		1,994,785
		1,181,900		2,166,742
Creditors: amounts falling due within one year	5	( 129,260)		( 1,311,665)
Net current assets		1,052,640		855,077
Total assets less current liabilities		1,764,516		1,582,477
Provision for liabilities		( 350)		( 1,100)
Net assets		1,764,166		1,581,377
Capital and reserves
Called-up share capital	6	100		100
Profit and loss account		1,764,066		1,581,277
Total shareholders' funds		1,764,166		1,581,377

For the financial year ending 30 September 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 financial statements for the financial year in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of SICS Gofal Cymru CYF (registered number: 07767200) were approved and authorised for issue by the Board of Directors on 10 June 2026. They were signed on its behalf by:

Mr J P Hodgkinson Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

SICS Gofal Cymru CYF (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 51 Park Hill, Tiverton, EX16 6RW, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for the services provided in the normal course of business. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Employee benefits

Defined contribution schemes
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line basis over its expected useful life, as follows:

Land and buildings	25 years straight line
Plant and machinery	5 years straight line
Vehicles	5 years straight line
Fixtures and fittings	5 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	22		25

3. Tangible assets

	Land and buildings		Plant and machinery		Vehicles		Fixtures and fittings		Total
	£		£		£		£		£
Cost
At 01 October 2024	924,753		29,695		26,340		35,626		1,016,414
Additions	14,406		8,162		1,495		2,893		26,956
Disposals	0		( 677)		( 2,995)		( 1,286)		( 4,958)
At 30 September 2025	939,159		37,180		24,840		37,233		1,038,412
Accumulated depreciation
At 01 October 2024	233,851		16,653		18,219		20,291		289,014
Charge for the financial year	25,299		4,802		3,748		5,959		39,808
Disposals	0		( 358)		( 1,198)		( 730)		( 2,286)
At 30 September 2025	259,150		21,097		20,769		25,520		326,536
Net book value
At 30 September 2025	680,009		16,083		4,071		11,713		711,876
At 30 September 2024	690,902		13,042		8,121		15,335		727,400

The land included in land and buildings is not depreciated.

4. Debtors

	2025		2024
	£		£
Trade debtors	6,606		20,899
Amounts owed by directors	235,246		0
Prepayments and accrued income	11,211		151,058
Other debtors	461		0
	253,524		171,957

5. Creditors: amounts falling due within one year

	2025		2024
	£		£
Trade creditors	22,109		8,501
Corporation tax	74,300		205,200
Other taxation and social security	24,334		19,347
Other creditors	8,517		1,078,617
	129,260		1,311,665

6. Called-up share capital

	2025		2024
	£		£
Allotted, called-up and fully-paid
100 Ordinary Class shares of £ 1.00 each	100		100

7. Financial commitments

Commitments

The total amount of financial commitments not included in the balance sheet is £25,667 (2024: £39,667 )

8. Related party transactions

Transactions with the entity's directors

	2025		2024
	£		£
Amounts owed from / (to) directors	235,246		(1,071,563)

During the year a loan existed between the directors and the Company. Interest was charged at 3.75% on the overdrawn balance. The loan is repayable on demand.