REGISTERED NUMBER: 11023964 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2025

FOR

LLYS MEDDYG LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

E C Sykes

SECRETARY:

REGISTERED OFFICE:

Llys Meddyg

East Street

Newport

Pembrokeshire

SA42 0SY

REGISTERED NUMBER:

11023964 (England and Wales)

ACCOUNTANTS:

Great Nash Accountancy Services

31 Church View

Summerhill

Stepaside

Pembrokeshire

SA67 8LZ

FIXED ASSETS

Intangible assets

4

4,000

6,000

Tangible assets

5

393,126

395,858

397,126

401,858

CURRENT ASSETS

Stocks

13,825

12,575

Debtors

6

121,137

129,649

Cash at bank and in hand

9,416

31,416

144,378

173,640

CREDITORS

Amounts falling due within one year

7

451,568

463,272

NET CURRENT LIABILITIES

(307,190

)

(289,632

)

TOTAL ASSETS LESS CURRENT LIABILITIES

89,936

112,226

CREDITORS

Amounts falling due after more than one year

8

(12,808

)

(30,298

)

PROVISIONS FOR LIABILITIES

(17,011

)

(19,009

)

NET ASSETS

60,117

62,919

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

60,017

62,819

SHAREHOLDERS' FUNDS

60,117

62,919

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2025 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 13 August 2026 and were signed by:

E C Sykes - Director

1.	STATUTORY INFORMATION

Llys Meddyg Ltd 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 2017, is being amortised evenly over its estimated useful life of ten 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

-

15% 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 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 25 (2024 - 18 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 November 2024

and 31 October 2025

20,000

AMORTISATION

At 1 November 2024

14,000

Charge for year

2,000

At 31 October 2025

16,000

NET BOOK VALUE

At 31 October 2025

4,000

At 31 October 2024

6,000

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 November 2024

533,031

Additions

21,937

At 31 October 2025

554,968

DEPRECIATION

At 1 November 2024

137,173

Charge for year

24,669

At 31 October 2025

161,842

NET BOOK VALUE

At 31 October 2025

393,126

At 31 October 2024

395,858

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.25

31.10.24

£

£

Trade debtors

-

641

Other debtors

121,137

129,008

121,137

129,649

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.25

31.10.24

£

£

Bank loans and overdrafts

30,195

16,643

Trade creditors

111,368

199,359

Taxation and social security

95,228

86,180

Other creditors

214,777

161,090

451,568

463,272

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.10.25

31.10.24

£

£

Bank loans

12,808

30,298

9.	SECURED DEBTS

Barclays Security Trustee Limited hold a fixed and floating charge over all assets dated 10 December 2019.

10.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 October 2025 and 31 October 2024:

31.10.25

31.10.24

£

£

Mrs E L Blair and E C Sykes

Balance outstanding at start of year

(36,106

)

4,465

Amounts advanced

68,484

26,000

Amounts repaid

(60,200

)

(66,571

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(27,822

)

(36,106

)

The company paid rent of £24,000 to the directors, Mr & Mrs E C Sykes, for the use of their property during the period (2024 £21,000). No monies were outstanding as at the Balance Sheet date.

Interest is charged and paid at the market rate of interest on any overdrawn directors' account balance.