REGISTERED NUMBER: 12825144 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2026

FOR

MWNT GAS LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs J E Shipp

Mrs H A R Evans

SECRETARY:

REGISTERED OFFICE:

Clydfan

Saron Road

Pentrecwrt

Llandysul

Carmarthenshire

SA44 5DL

REGISTERED NUMBER:

12825144 (England and Wales)

ACCOUNTANTS:

Great Nash Accountancy Services

31 Church View

Summerhill

Stepaside

Pembrokeshire

SA67 8LZ

FIXED ASSETS

Intangible assets

4

-

1,667

Tangible assets

5

14,576

19,435

14,576

21,102

CURRENT ASSETS

Stocks

5,421

7,494

Debtors

6

15,738

29,147

Cash at bank and in hand

83,250

78,529

104,409

115,170

CREDITORS

Amounts falling due within one year

7

47,023

59,711

NET CURRENT ASSETS

57,386

55,459

TOTAL ASSETS LESS CURRENT LIABILITIES

71,962

76,561

CREDITORS

Amounts falling due after more than one year

8

-

(1,613

)

PROVISIONS FOR LIABILITIES

(2,678

)

(3,582

)

NET ASSETS

69,284

71,366

CAPITAL AND RESERVES

Called up share capital

100

2

Retained earnings

69,184

71,364

SHAREHOLDERS' FUNDS

69,284

71,366

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 31 August 2026 and were signed on its behalf by:

Mrs J E Shipp - Director

1.	STATUTORY INFORMATION

Mwnt Gas 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 2020, is being amortised evenly over its estimated useful life of 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 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.

3.	EMPLOYEES AND DIRECTORS

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

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2025

and 31 March 2026

20,000

AMORTISATION

At 1 April 2025

18,333

Charge for year

1,667

At 31 March 2026

20,000

NET BOOK VALUE

At 31 March 2026

-

At 31 March 2025

1,667

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2025

and 31 March 2026

51,309

DEPRECIATION

At 1 April 2025

31,874

Charge for year

4,859

At 31 March 2026

36,733

NET BOOK VALUE

At 31 March 2026

14,576

At 31 March 2025

19,435

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

£

Trade debtors

11,511

10,205

Other debtors

4,227

18,942

15,738

29,147

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

£

Bank loans and overdrafts

1,331

6,202

Trade creditors

32,293

28,826

Taxation and social security

9,951

9,383

Other creditors

3,448

15,300

47,023

59,711

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.26

31.3.25

£

£

Bank loans

-

1,613

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

£

£

Mrs H A R Evans and Mrs J E Shipp

Balance outstanding at start of year

877

1,065

Amounts advanced

38,626

10,000

Amounts repaid

(38,412

)

(10,188

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

1,091

877