Afan Construction Services Limited 30/11/2025 iXBRL

Company registration number: 03244188

Afan Construction Services Limited

Unaudited filleted financial statements

30 November 2025

Afan Construction Services Limited

Contents

Directors and other information

Accountants report

Statement of financial position

Statement of changes in equity

Notes to the financial statements

Afan Construction Services Limited

Directors and other information


Directors	Mr D W Evans
	Mrs P M Evans
	Miss C Evans	(Appointed 1 December 2024)


Secretary	Mrs P M Evans	(Resigned 24 August 2026)


Company number	03244188


Registered office	Unit 2 Cae Gwyn
	Glanyrafon Industrial Estate
	Aberystwyth
	Ceredigion
	SY23 3JF


Business address	Unit 2 Cae Gwyn
	Glanyrafon Industrial Estate
	Aberystwyth
	Ceredigion
	SY23 3JF


Accountants	Davies Lewis Baker
	31 Bridge Street
	Aberystwyth
	SY23 1QB




	Bankers	Lloyds Bank plc
		1 Pride Hill
		Shrewsbury
		SY1 1DG


	Solicitors	Alun Thomas & John
		Eastgate
		Aberystwyth

Afan Construction Services Limited

Report to the board of directors on the preparation of the

unaudited statutory financial statements of Afan Construction Services Limited

Year ended 30 November 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Afan Construction Services Limited for the year ended 30 November 2025 which comprise the statement of financial position, statement of changes in equity and related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants , we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/ professional-standards/ rules-standards/acca-rulebook.html.

This report is made solely to the board of directors of Afan Construction Services Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Afan Construction Services Limited and state those matters that we have agreed to state to the board of directors of Afan Construction Services Limited as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at https://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/tf-163-jan-24.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Afan Construction Services Limited and its board of directors as a body for our work or for this report.

It is your duty to ensure that Afan Construction Services Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Afan Construction Services Limited. You consider that Afan Construction Services Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Afan Construction Services Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Davies Lewis Baker

Chartered Certified Accountants

31 Bridge Street

Aberystwyth

SY23 1QB

27 August 2026

Afan Construction Services Limited

Statement of financial position

30 November 2025

		2025		2024
	Note	£	£	£	£

Fixed assets
Tangible assets	5	1,929,097		1,824,226
		_______		_______
			1,929,097		1,824,226

Current assets
Debtors	6	1,119,307		29,315
Investments	7	-		997,629
Cash at bank and in hand		85,503		16,223
		_______		_______
		1,204,810		1,043,167
Creditors: amounts falling due
within one year	8	( 2,104,903)		( 2,208,827)
		_______		_______
Net current liabilities			( 900,093)		( 1,165,660)
			_______		_______
Total assets less current liabilities			1,029,004		658,566

Creditors: amounts falling due
after more than one year	9		-		( 57,120)
			_______		_______
Net assets			1,029,004		601,446
			_______		_______

Capital and reserves
Called up share capital	10		1,000		1,000
Revaluation reserve			98,520		98,520
Profit and loss account			929,484		501,926
			_______		_______
Shareholders funds			1,029,004		601,446
			_______		_______

For the year ending 30 November 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 financial statements for the year in question in accordance with section 476;

- The directors acknowledge their responsibilities for complying with the requirements of the Act 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 and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

These financial statements were approved by the board of directors and authorised for issue on 27 August 2026 , and are signed on behalf of the board by:

Mr D W Evans

Director

Company registration number: 03244188

Afan Construction Services Limited

Statement of changes in equity

Year ended 30 November 2025

	Called up share capital	Revaluation reserve	Profit and loss account	Total
	£	£	£	£


At 1 December 2023	1,000	-	854,483	855,483

Profit/(loss) for the year			( 352,557)	( 352,557)
Other comprehensive income for the year:
Revaluation of tangible assets		98,520		98,520
	_______	_______	_______	_______
Total comprehensive income for the year	-	98,520	( 352,557)	( 254,037)

	_______	_______	_______	_______
At 30 November 2024 and 1 December 2024	1,000	98,520	501,925	601,445

Profit/(loss) for the year			427,559	427,559
	_______	_______	_______	_______
Total comprehensive income for the year	-	-	427,559	427,559

	_______	_______	_______	_______
At 30 November 2025	1,000	98,520	929,484	1,029,004
	_______	_______	_______	_______

Afan Construction Services Limited

Notes to the financial statements

Year ended 30 November 2025

1. General information

The company is a private company limited by shares, registered in England & Wales. The address of the registered office is Unit 2 Cae Gwyn, Glanyrafon Industrial Estate, Aberystwyth, Ceredigion, SY23 3JF.

2. Statement of compliance

These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Consolidation

The company has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the company and its subsidiary undertakings comprise a small group.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Tangible assets

tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:


Freehold property	-	2% Straight line
Long leasehold property	-	Straight line over the life of the lease
Plant and machinery	-	25% Reducing balance
Fittings fixtures and equipment	-	20% Straight line

If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.

Investment property

Investment property is measured initially at cost, which includes purchase price and any directly attributable expenditure. Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss.

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.Debt instruments are subsequently measured at amortised cost. at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.Debt instruments are subsequently measured at amortised cost.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 2 (2024: 2 ).

5. Tangible assets

	Freehold property	Long leasehold property	Fixtures, fittings and equipment	Total
	£	£	£	£
Cost
At 1 December 2024	1,706,989	544,691	2,958	2,254,638
Additions	-	130,000	36	130,036
	_______	_______	_______	_______
At 30 November 2025	1,706,989	674,691	2,994	2,384,674
	_______	_______	_______	_______
Depreciation
At 1 December 2024	251,996	175,726	2,690	430,412
Charge for the year	14,000	10,982	183	25,165
	_______	_______	_______	_______
At 30 November 2025	265,996	186,708	2,873	455,577
	_______	_______	_______	_______
Carrying amount
At 30 November 2025	1,440,993	487,983	121	1,929,097
	_______	_______	_______	_______
At 30 November 2024	1,454,993	368,965	268	1,824,226
	_______	_______	_______	_______

Investment property

Investment properties are included in freehold property. They were acquired and refurbished in 2010 at a total cost of £607,000 and the directors consider that this remains indicative of their fair value.

6. Debtors

	2025	2024
	£	£
Trade debtors	28,035	27,486
Other debtors	1,091,272	1,829
	_______	_______
	1,119,307	29,315
	_______	_______

7. Investments

	2025	2024
	£	£
Investments in group undertakings	-	997,629
	_______	_______

8. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	57,120	95,190
Trade creditors	5,638	5,152
Corporation tax	27,472	19,649
Social security and other taxes	2,441	3,919
Other creditors	2,012,232	2,084,917
	_______	_______
	2,104,903	2,208,827
	_______	_______

9. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Bank loans and overdrafts	-	57,120
	_______	_______

The bank loan is secured by a 1st Legal Charge over the company's freehold and leasehold properties and an unlimited debenture incorporating a fixed and floating charge.

The bank loan is repayable monthly at an interest rate of 3.58%

10. Called up share capital

Issued, called up and fully paid

	2025		2024
	No	£	No	£
Ordinary shares shares of £ 1.00 each	1,000	1,000	1,000	1,000
	_______	_______	_______	_______

11. Related party transactions

During the year the company entered into the following transactions with related parties:

	Transaction value		Balance owed by/(owed to)
	2025	2024	2025	2024
	£	£	£	£
Afan Construction Limited	-	-	( 10,600)	( 32,270)
Rent receivable	-	4,000	-	-
Management charges paid	( 12,000)	( 12,000)	-	-
Abba Loos Limited	-	-	( 169,026)	( 12,666)
Rent paid	(2,400)	(2,400)	-	-
	_______	_______	_______	_______

Abba Loos Limited is wholly owned by the directors of Afan Construction Services Limited . In 2015 Afan Construction Services Limited refinanced its borrowings including the balance of a loan for £232,149 originally drawn on behalf of Abba Loos Limited. This loan is not included in the balance sheet of Afan Construction Services Limited but is disclosed as a liability in the financial statements of Abba Loos Limited because this company pays the apportioned loan repayments and owns the original assets purchased. The net balance outstanding on the loan attributable to Abba Loos Limited at 30 November 2025 was £16,017 (2024: £42,709). During the year the company sold its trading subsidiary Afan Construction Limited.

12. Controlling party

The directors have a controlling interest in the company.