REGISTERED NUMBER: 00516839 (England and Wales)

JAMES DAVIES (ABERCYCH) LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr Q J Davies

SECRETARY:

Mrs S Edwards

REGISTERED OFFICE:

Newbridge Sawmills

Cenarth

Newcastle Emlyn

Ceredigion

SA38 9LA

REGISTERED NUMBER:

00516839 (England and Wales)

ACCOUNTANTS:

D M B Davies Limited

Broyan House

Priory Street

Cardigan

Ceredigion

SA43 1BZ

BANKERS:

HSBC Bank plc

11 High Street

Cardigan

Ceredigion

SA43 1JN

FIXED ASSETS

Tangible assets

4

4,006,996

3,795,905

CURRENT ASSETS

Stocks

1,050,703

1,094,000

Debtors

5

1,291,986

1,073,397

Cash at bank and in hand

1,324,177

1,605,826

3,666,866

3,773,223

CREDITORS

Amounts falling due within one year

6

1,366,859

1,336,841

NET CURRENT ASSETS

2,300,007

2,436,382

TOTAL ASSETS LESS CURRENT LIABILITIES

6,307,003

6,232,287

CREDITORS

Amounts falling due after more than one year

7

(12,273

)

(60,626

)

PROVISIONS FOR LIABILITIES

(412,649

)

(366,640

)

NET ASSETS

5,882,081

5,805,021

CAPITAL AND RESERVES

Called up share capital

20,000

20,000

Revaluation reserve

8

408,848

408,848

Retained earnings

5,453,233

5,376,173

5,882,081

5,805,021

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 1 September 2026 and were signed by:

Mr Q J Davies - Director

1.	STATUTORY INFORMATION

JAMES DAVIES (ABERCYCH) 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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Land and buildings

-

4% on cost

Plant and machinery etc

-

25% on reducing balance and 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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 36 (2024 - 32 ) .

4.	TANGIBLE FIXED ASSETS

Freehold

Plant and

Motor

Computer

property

machinery

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 January 2025

2,746,868

6,344,588

269,118

57,831

9,418,405

Additions

495,377

55,101

6,800

989

558,267

Disposals

-

-

(500

)

-

(500

)

At 31 December 2025

3,242,245

6,399,689

275,418

58,820

9,976,172

DEPRECIATION

At 1 January 2025

987,408

4,497,753

85,207

52,132

5,622,500

Charge for year

90,193

226,947

28,532

1,004

346,676

At 31 December 2025

1,077,601

4,724,700

113,739

53,136

5,969,176

NET BOOK VALUE

At 31 December 2025

2,164,644

1,674,989

161,679

5,684

4,006,996

At 31 December 2024

1,759,460

1,846,835

183,911

5,699

3,795,905

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

£

COST

At 1 January 2025

and 31 December 2025

956,300

DEPRECIATION

At 1 January 2025

859,213

Charge for year

14,563

At 31 December 2025

873,776

NET BOOK VALUE

At 31 December 2025

82,524

At 31 December 2024

97,087

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

1,017,288

906,189

Other debtors

274,698

167,208

1,291,986

1,073,397

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

224,715

234,849

Hire purchase contracts

39,322

55,297

Trade creditors

813,752

879,219

Taxation and social security

244,128

142,001

Other creditors

44,942

25,475

1,366,859

1,336,841

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Hire purchase contracts

6,125

45,447

Other creditors

6,148

15,179

12,273

60,626

8.

RESERVES

Revaluation

reserve

£

At 1 January 2025

and 31 December 2025

408,848