REGISTERED NUMBER: 11951068 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30 April 2026

for

PETER DAVIES (FELINCOED) LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

P Davies

REGISTERED OFFICE:

Felincoed

Cynghordy

Llandovery

Carmarthenshire

SA20 0LE

REGISTERED NUMBER:

11951068 (England and Wales)

ACCOUNTANTS:

Ashmole & Co

3 Market Street

Llandeilo

CARMARTHENSHIRE

SA19 6AH

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

239,639

240,512

239,639

240,512

CURRENT ASSETS

Stocks

153,040

167,250

Debtors

6

4,634

75,661

Cash at bank

141,834

98,023

299,508

340,934

CREDITORS

Amounts falling due within one year

7

6,747

32,749

NET CURRENT ASSETS

292,761

308,185

TOTAL ASSETS LESS CURRENT LIABILITIES

532,400

548,697

PROVISIONS FOR LIABILITIES

26,549

40,922

NET ASSETS

505,851

507,775

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

505,850

507,774

505,851

507,775

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2026 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 5 August 2026 and were signed by:

P Davies - Director

1.	STATUTORY INFORMATION

Peter Davies (Felincoed) 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.

Bps entitlements

BPS Entitlements are being amortised over their estimated useful life of 4 years.

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

-

10% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2025 - 1 ).

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 May 2025

and 30 April 2026

5,696

AMORTISATION

At 1 May 2025

and 30 April 2026

5,696

NET BOOK VALUE

At 30 April 2026

-

At 30 April 2025

-

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 May 2025

541,137

Additions

35,838

Disposals

(24,286

)

At 30 April 2026

552,689

DEPRECIATION

At 1 May 2025

300,625

Charge for year

33,469

Eliminated on disposal

(21,044

)

At 30 April 2026

313,050

NET BOOK VALUE

At 30 April 2026

239,639

At 30 April 2025

240,512

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade debtors

468

20,241

Other debtors

4,166

55,420

4,634

75,661

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade creditors

2,695

23,504

Taxation and social security

2,278

7,653

Other creditors

1,774

1,592

6,747

32,749

8.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 April 2026 and 30 April 2025:

2026

2025

£

£

P Davies

Balance outstanding at start of year

50,125

(123,164

)

Amounts advanced

54,191

184,050

Amounts repaid

(104,366

)

(10,761

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(50

)

50,125

The loan to the director was repaid within 9 months of the year end.