Company registration number 04927294 (England and Wales)
YMGYNGHORWYR LISK & JONES CYF
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2025
PAGES FOR FILING WITH REGISTRAR
YMGYNGHORWYR LISK & JONES CYF
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 5
YMGYNGHORWYR LISK & JONES CYF
BALANCE SHEET
AS AT 31 OCTOBER 2025
31 October 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
3
4,606
3,880
Current assets
Debtors
4
12,245
4,516
Cash at bank and in hand
61,183
77,993
73,428
82,509
Creditors: amounts falling due within one year
5
(38,266)
(27,596)
Net current assets
35,162
54,913
Total assets less current liabilities
39,768
58,793
Provisions for liabilities
(737)
(737)
Net assets
39,031
58,056
Capital and reserves
Called up share capital
6
2
2
Profit and loss reserves
39,029
58,054
Total equity
39,031
58,056

For the financial year ended 31 October 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he members have not required the company to obtain an audit of its financial statements for the year in question 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.

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

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 23 June 2026 and are signed on its behalf by:
Dr O T Jones
Director
Company registration number 04927294 (England and Wales)
YMGYNGHORWYR LISK & JONES CYF
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2025
- 2 -
1
Accounting policies
Company information

Ymgynghorwyr Lisk & Jones CYF is a private company limited by shares incorporated in England and Wales. The registered office is Berry Smith Llp, Brackla House, Brackla Street, Bridgend, Mid Glamorgan, CF31 1BZ.

1.1
Basis of preparation

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Revenue

Turnover is recognised at the fair value of the consideration received or receivable for consultancy services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

1.3
Research and development expenditure

Research expenditure is written off against profits in the year in which it is incurred. Identifiable development expenditure is capitalised to the extent that the technical, commercial and financial feasibility can be demonstrated.

1.4
Tangible fixed assets

Tangible fixed assets are measured at cost, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures, fittings & equipment
- 15% on cost
YMGYNGHORWYR LISK & JONES CYF
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2025
1
Accounting policies
(Continued)
- 3 -
1.5
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

Research & development

The company claims research and development tax credits against its corporation tax liability,

This creates a permanent difference between the profits for corporation tax and accounting profits so no deferred tax liability is created.

1.6
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

1.7
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
3
3
YMGYNGHORWYR LISK & JONES CYF
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2025
- 4 -
3
Tangible fixed assets
Fixtures, fittings & equipment
£
Cost
At 1 November 2024
12,605
Additions
1,819
At 31 October 2025
14,424
Depreciation and impairment
At 1 November 2024
8,725
Depreciation charged in the year
1,093
At 31 October 2025
9,818
Carrying amount
At 31 October 2025
4,606
At 31 October 2024
3,880
4
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
4,146
-
0
Corporation tax recoverable
8,099
4,516
12,245
4,516
5
Creditors: amounts falling due within one year
2025
2024
£
£
Taxation and social security
2,303
1,791
Other creditors
34,283
24,195
Accruals and deferred income
1,680
1,610
38,266
27,596
6
Called up share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
2
2
2
2
YMGYNGHORWYR LISK & JONES CYF
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2025
- 5 -
7
Directors' transactions

Dividends totalling £1,000 (2024 - £1,000) were paid in the year in respect of shares held by the company's directors.

The director s operate s a current loan account with the company, which is debited with payments made by the company on behalf of t h e director s and credited with funds introduced and undrawn directors' fees. At the year end, the company owed £34,283 (2024 - £24,195) to the directors which is included in creditors: amounts falling due within one year.

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