Dyfed Gas Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 13974216

Dyfed Gas Limited

Filleted Unaudited Financial Statements

31 March 2026

Dyfed Gas Limited

Financial Statements

Year ended 31 March 2026

Contents	Pages

Statement of financial position	1 to 2

Notes to the financial statements	3 to 7

Dyfed Gas Limited

Statement of Financial Position

31 March 2026

	2026	2025
Note	£	£

Fixed assets

Tangible assets	6	210,613	191,396

Current assets

Debtors	7	71,137	45,103
Cash at bank and in hand		87,706	64,185
		---------	---------
		158,843	109,288

Creditors: amounts falling due within one year	8	( 69,299)	( 64,725)
		---------	---------
Net current assets		89,544	44,563
		---------	---------
Total assets less current liabilities		300,157	235,959

Creditors: amounts falling due after more than one year	9	( 71,647)	( 126,148)

Provisions	10	( 40,016)	( 21,122)
		---------	---------
Net assets		188,494	88,689
		---------	---------

Capital and reserves

Called up share capital	12	1	1
Profit and loss account		188,493	88,688
		---------	--------
Shareholders funds		188,494	88,689
		---------	--------

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 income and retained earnings has not been delivered.

For the year ending 31 March 2026 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 .

Dyfed Gas Limited

Statement of Financial Position (continued)

31 March 2026

These financial statements were approved by the board of directors and authorised for issue on 15 October 2026 , and are signed on behalf of the board by:

Mr R.T Maiden

Director

Company registration number: 13974216

Dyfed Gas Limited

Notes to the Financial Statements

Year ended 31 March 2026

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 54 Charles Thomas Avenue, Pembroke Dock, Pembrokeshire, SA72 6UR.

2. Statement of compliance

These financial statements have been prepared in accordance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the Companies Act 2006.

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.

Going concern

The directors have a reasonable expectation that the company has adequate resources to continue operational existence for the foreseeable future. For this reason, the directors continue to adopt the going concern basis of accounting in preparing the annual financial statements.

Revenue recognition

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 profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, 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 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.

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:

Gas bulk tanks	-	30 years on a straight line basis
Plant and machinery	-	25% reducing balance
Container	-	10% reducing balance
Motor vehicles	-	25% reducing balance
Gas cylinders	-	7% straight line

Impairment of fixed assets

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. For the purposes of impairment testing, 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 largely independent of the cash inflows from other assets or groups of assets.

Finance leases and hire purchase contracts

Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

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.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 5 (2025: 4 ).

5. Tax on profit

Major components of tax expense

	2026	2025
	£	£

Current tax:

UK current tax expense	6,403	–

Deferred tax:

Origination and reversal of timing differences	18,894	9,282
	--------	-------
Tax on profit	25,297	9,282
	--------	-------

6. Tangible assets

	Gas bulk tanks	Plant and machinery	Fixtures, fittings and equipment	Motor vehicles	Gas cylinders	Total
	£	£	£	£	£	£
Cost
At 31 Mar 2025	34,315	52,831	7,460	58,720	105,943	259,269
Additions	6,761	6,865	2,709	12,999	26,239	55,573
Disposals	–	–	–	( 7,500)	–	( 7,500)
	--------	--------	--------	--------	---------	---------
At 31 Mar 2026	41,076	59,696	10,169	64,219	132,182	307,342
	--------	--------	--------	--------	---------	---------
Depreciation
At 31 Mar 2025	1,144	21,666	1,541	24,714	18,808	67,873
Charge for the year	1,369	9,507	1,311	10,697	9,253	32,137
Disposals	–	–	–	( 3,281)	–	( 3,281)
	--------	--------	--------	--------	---------	---------
At 31 Mar 2026	2,513	31,173	2,852	32,130	28,061	96,729
	--------	--------	--------	--------	---------	---------
Carrying amount
At 31 Mar 2026	38,563	28,523	7,317	32,089	104,121	210,613
	--------	--------	--------	--------	---------	---------
At 30 Mar 2025	33,171	31,165	5,919	34,006	87,135	191,396
	--------	--------	--------	--------	---------	---------

7. Debtors

	2026	2025
	£	£
Trade debtors	71,137	45,103
	--------	--------

Other debtors include an amount of £nil (2025 - £nil) falling due after more than one year.

8. Creditors: amounts falling due within one year

	2026	2025
	£	£
Bank loans and overdrafts	16,589	15,617
Trade creditors	14,023	13,005
Corporation tax	6,403	–
Social security and other taxes	10,505	9,247
Obligations under finance leases and hire purchase contracts	18,404	10,177
Other creditors	3,375	16,679
	--------	--------
	69,299	64,725
	--------	--------

Dbw Investments (10) Limited hold a fixed and floating charge over the property and undertaking of the company.

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

	2026	2025
	£	£
Bank loans and overdrafts	27,041	44,603
Obligations under finance leases and hire purchase contracts	44,606	26,739
Other creditors	–	54,806
	--------	---------
	71,647	126,148
	--------	---------

10. Provisions

	Deferred tax (note 11)
	£
At 31 March 2025	21,122
Additions	18,894
	--------
At 31 March 2026	40,016
	--------

11. Deferred tax

The deferred tax included in the statement of financial position is as follows:

	2026	2025
	£	£
Included in provisions (note 10)	40,016	21,122
	--------	--------

The deferred tax account consists of the tax effect of timing differences in respect of:

	2026	2025
	£	£
Accelerated capital allowances	40,016	21,122
	--------	--------

12. Called up share capital

Issued, called up and fully paid

	2026		2025
	No.	£	No.	£
Ordinary shares of £ 1 each	1	1	1	1
	----	----	----	----

13. Related party transactions

The company was under the control of Mr R.T Maiden throughout the current year and prior period by virtue of his 100% shareholding. During the year the company paid dividends totalling £2,400 (2025 - £500) to Mr R.T Maiden .