REGISTERED NUMBER: 05437057 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2026

FOR

GWYN DAVIES CARPENTRY LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

N H Davies

J H Davies

G B Davies

SECRETARY:

G B Davies

REGISTERED OFFICE:

48 Coleridge Crescent

Killay

Swansea

West Glamorgan

SA2 7ER

REGISTERED NUMBER:

05437057 (England and Wales)

ACCOUNTANTS:

Baker Knoyle Chartered Accountants

Orbit Business Centre

Merthyr Tydfil

CF48 1DL

FIXED ASSETS

Intangible assets

4

60,000

70,000

Tangible assets

5

41,441

36,661

Investment property

6

175,000

175,000

276,441

281,661

CURRENT ASSETS

Debtors

7

90,302

160,710

Cash at bank

109,711

38,676

200,013

199,386

CREDITORS

Amounts falling due within one year

8

108,665

112,031

NET CURRENT ASSETS

91,348

87,355

TOTAL ASSETS LESS CURRENT LIABILITIES

367,789

369,016

CREDITORS

Amounts falling due after more than one year

9

(22,012

)

(25,401

)

PROVISIONS FOR LIABILITIES

(10,250

)

(7,790

)

NET ASSETS

335,527

335,825

CAPITAL AND RESERVES

Called up share capital

110

110

Revaluation reserve

10

133,212

133,212

Retained earnings

202,205

202,503

335,527

335,825

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2026 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 June 2026 and were signed on its behalf by:

G B Davies - Director

1.	STATUTORY INFORMATION

Gwyn Davies Carpentry Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Motor Vehicles

20% reducing balance

Plant & Equipment

20% reducing balance

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2025 - 4 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2025

and 31 March 2026

100,000

AMORTISATION

At 1 April 2025

30,000

Charge for year

10,000

At 31 March 2026

40,000

NET BOOK VALUE

At 31 March 2026

60,000

At 31 March 2025

70,000

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2025

67,981

Additions

25,498

Disposals

(12,078

)

At 31 March 2026

81,401

DEPRECIATION

At 1 April 2025

31,320

Charge for year

8,640

At 31 March 2026

39,960

NET BOOK VALUE

At 31 March 2026

41,441

At 31 March 2025

36,661

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2025

and 31 March 2026

175,000

NET BOOK VALUE

At 31 March 2026

175,000

At 31 March 2025

175,000

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade debtors

79,880

149,854

Other debtors

10,422

10,856

90,302

160,710

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Hire purchase contracts

3,389

3,389

Trade creditors

36,713

36,276

Amounts owed to group undertakings

21,046

20,940

Taxation and social security

44,487

49,146

Other creditors

3,030

2,280

108,665

112,031

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

£

£

Hire purchase contracts

22,012

25,401

10.

RESERVES

Revaluation

reserve

£

At 1 April 2025

and 31 March 2026

133,212

11.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2026 and 31 March 2025:

2026

2025

£

£

G B Davies

Balance outstanding at start of year

(780

)

(37,934

)

Amounts advanced

-

37,154

Amounts repaid

(780

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(1,560

)

(780

)