REGISTERED NUMBER: 08269505 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2026

for

Gwyn Thomas And Co Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

G T Thomas BSc ACA

S R Evans

SECRETARY:

REGISTERED OFFICE:

1 Thomas Buildings

New Street

Pwllheli

Gwynedd

LL53 5HH

REGISTERED NUMBER:

08269505 (England and Wales)

ACCOUNTANTS:

Gwyn Thomas and Co Limited

1 Thomas Buildings

New Street

Pwllheli

Gwynedd

LL53 5HH

FIXED ASSETS

Intangible assets

4

121,138

130,338

Tangible assets

5

6,764

3,969

Investments

6

500

500

128,402

134,807

CURRENT ASSETS

Debtors

7

167,253

95,242

Cash at bank

141,776

156,624

309,029

251,866

CREDITORS

Amounts falling due within one year

8

93,732

93,583

NET CURRENT ASSETS

215,297

158,283

TOTAL ASSETS LESS CURRENT LIABILITIES

343,699

293,090

PROVISIONS FOR LIABILITIES

1,691

992

NET ASSETS

342,008

292,098

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

341,908

291,998

SHAREHOLDERS' FUNDS

342,008

292,098

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 10 August 2026 and were signed on its behalf by:

G T Thomas BSc ACA - Director

1.	STATUTORY INFORMATION

Gwyn Thomas And Co 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 2014, is being amortised evenly over its estimated useful life of twenty five 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.

Plant and machinery etc

-

25% on cost and 20% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 9 (2025 - 9 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2025

and 31 March 2026

230,000

AMORTISATION

At 1 April 2025

99,662

Charge for year

9,200

At 31 March 2026

108,862

NET BOOK VALUE

At 31 March 2026

121,138

At 31 March 2025

130,338

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2025

51,805

Additions

5,521

Disposals

(9,757

)

At 31 March 2026

47,569

DEPRECIATION

At 1 April 2025

47,836

Charge for year

2,726

Eliminated on disposal

(9,757

)

At 31 March 2026

40,805

NET BOOK VALUE

At 31 March 2026

6,764

At 31 March 2025

3,969

6.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 April 2025

and 31 March 2026

500

NET BOOK VALUE

At 31 March 2026

500

At 31 March 2025

500

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

£

Trade debtors

49,116

58,927

Amounts owed by associates

67,226

-

Other debtors

50,911

36,315

167,253

95,242

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

£

Bank loans and overdrafts

361

961

Trade creditors

3,170

3,620

Amounts owed to associates

-

1,174

Taxation and social security

81,588

82,587

Other creditors

8,613

5,241

93,732

93,583

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

31.3.26

31.3.25

£

£

S R Evans

Balance outstanding at start of year

-

-

Amounts advanced

31

-

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

31

-

G T Thomas BSc ACA

Balance outstanding at start of year

-

-

Amounts advanced

125

-

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

125

-