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Registration number: 08710017

Garej Gellynewydd Ltd
Annual Report and Unaudited Financial Statements
for the Year Ended 31 October 2025

Garej Gellynewydd Ltd

Contents

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

Garej Gellynewydd Ltd

Company Information

Directors | Mr A Havard Mrs C A Havard

Registered office | Llys Deri Parc Pensarn Carmarthen SA31 2NF

Garej Gellynewydd Ltd

(Registration number: 08710017)
Balance Sheet as at 31 October 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 6 | 5,335 | 4,279
Current assets |  |  |
Stocks | 7 | 12,680 | 20,194
Debtors | 8 | 112,553 | 116,707
Cash at bank and in hand |  | 70,613 | 19,293
|  | 195,846 | 156,194
Creditors: Amounts falling due within one year | 9 | (150,741) | (107,759)
Net current assets |  | 45,105 | 48,435
Net assets |  | 50,440 | 52,714
Capital and reserves |  |  |
Called up share capital |  | 2 | 2
Profit and loss account |  | 50,438 | 52,712
Total equity |  | 50,440 | 52,714

For the financial year ending 31 October 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 accounts for the year in question in accordance with section 476; and
• | The directors acknowledge their 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 and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 22 July 2026 and signed on its behalf by:

......................................... Mr A Havard Director |  |

Garej Gellynewydd Ltd

Notes to the Financial Statements for the Year Ended 31 October 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:
Llys Deri
Parc Pensarn
Carmarthen
SA31 2NF

These financial statements were authorised for issue by the Board on 22 July 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.

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.

Garej Gellynewydd Ltd

Notes to the Financial Statements for the Year Ended 31 October 2025

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:

Asset class | Depreciation method and rate
Plant and machinery | 20% reducing balance basis
Motor vehicles | 20% reducing balance basis
Office equipment | 20% reducing balance basis

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class | Amortisation method and rate
Goodwill | 20% straight line basis

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

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.

Garej Gellynewydd Ltd

Notes to the Financial Statements for the Year Ended 31 October 2025

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.

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.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

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 directors) during the year, was 2 (2024 - 2).

4 | Profit before tax

Arrived at after charging/(crediting)

| 2025 £ | 2024 £
Depreciation expense | 944 | 496

Garej Gellynewydd Ltd

Notes to the Financial Statements for the Year Ended 31 October 2025

5 | Intangible assets

| Goodwill £ | Total £
Cost or valuation
At 1 November 2024 | 10,500 | 10,500
At 31 October 2025 | 10,500 | 10,500
Amortisation
At 1 November 2024 | 10,500 | 10,500
At 31 October 2025 | 10,500 | 10,500
Carrying amount
At 31 October 2025 | - | -

6 | Tangible assets

| Plant and machinery £ | Office equipment £ | Motor vehicles £ | Total £
Cost or valuation
At 1 November 2024 | 10,838 | 1,852 | 1,519 | 14,209
Additions | 2,000 | - | - | 2,000
At 31 October 2025 | 12,838 | 1,852 | 1,519 | 16,209
Depreciation
At 1 November 2024 | 7,174 | 1,367 | 1,389 | 9,930
Charge for the year | 821 | 97 | 26 | 944
At 31 October 2025 | 7,995 | 1,464 | 1,415 | 10,874
Carrying amount
At 31 October 2025 | 4,843 | 388 | 104 | 5,335
At 31 October 2024 | 3,664 | 485 | 130 | 4,279

Garej Gellynewydd Ltd

Notes to the Financial Statements for the Year Ended 31 October 2025

7 | Stocks

| 2025 £ | 2024 £
Work in progress | 7,588 | 10,963
Other inventories | 5,092 | 9,231
| 12,680 | 20,194

8 | Debtors

| 2025 £ | 2024 £
Trade debtors | 112,553 | 116,707
| 112,553 | 116,707

9 | Creditors

Creditors: amounts falling due within one year

| Note | 2025 £ | 2024 £
Due within one year |  |  |
Trade creditors |  | 21,312 | 21,530
Taxation and social security |  | 14,590 | 10,521
Directors' loan accounts | 11 | 114,415 | 75,708
Other creditors |  | 424 | -
|  | 150,741 | 107,759

10 | Share capital

Allotted, called up and fully paid shares

| 2025 | 2024
| No. | £ | No. | £
A Ordinary shares of £1 each | 1 | 1 | 1 | 1
B Ordinary shares of £1 each | 1 | 1 | 1 | 1
| 2 | 2 | 2 | 2

Garej Gellynewydd Ltd

Notes to the Financial Statements for the Year Ended 31 October 2025

11 | Related party transactions

Transactions with directors
As at the balance sheet date, the directors, Mr A and Mrs C A Havard, were owed £114,415 (2024 : £75,708) from the company. The loan is interest free with no fixed repayment terms.