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S.Andrews & Son (Pwllheli) Limited

Financial Statements for the Year Ended 31 January 2026






S.Andrews & Son (Pwllheli) Limited

Company Information
for the Year Ended 31 January 2026







DIRECTORS: P R C Andrews
J B Smith
J L Yapp
J I Edwards





REGISTERED OFFICE: Radnor House
Greenwood Close
Cardiff Gate Business Park
Cardiff
CF23 8AA





REGISTERED NUMBER: 02935746 (England and Wales)





ACCOUNTANTS: BPU Limited
Chartered Accountants
Radnor House
Greenwood Close
Cardiff Gate Business Park
Cardiff
CF23 8AA
1
Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
S.Andrews & Son (Pwllheli) Limited


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of S.Andrews & Son (Pwllheli) Limited for the year ended 31 January 2026 which comprise the Profit & Loss Account, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at icaew.com/membershandbook.

This report is made solely to the Board of Directors of S.Andrews & Son (Pwllheli) Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of S.Andrews & Son (Pwllheli) Limited and state those matters that we have agreed to state to the Board of Directors of S.Andrews & Son (Pwllheli) Limited, as a body, in this report in accordance with icaew/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than S.Andrews & Son (Pwllheli) Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that S.Andrews & Son (Pwllheli) 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 S.Andrews & Son (Pwllheli) Limited. You consider that S.Andrews & Son (Pwllheli) 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 S.Andrews & Son (Pwllheli) 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.






BPU Limited
Chartered Accountants


30 October 2026

This page does not form part of the statutory financial statements

2
S.Andrews & Son (Pwllheli) Limited (Registered number: 02935746)

Balance Sheet
31 January 2026

2026 2025
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 3 18,780 25,104
Investment property 4 7,888,079 7,888,079
7,906,859 7,913,183

CURRENT ASSETS
Debtors 5 272,603 275,388
Cash at bank and in hand 373,837 500,202
646,440 775,590
CREDITORS
Amounts falling due within one year 6 210,749 260,637
NET CURRENT ASSETS 435,691 514,953
TOTAL ASSETS LESS CURRENT
LIABILITIES
8,342,550
8,428,136

CREDITORS
Amounts falling due after more than
one year
7
3,602,522
3,643,162
NET ASSETS 4,740,028 4,784,974

CAPITAL AND RESERVES
Called up share capital 513,530 513,530
Share premium 5,420 5,420
Revaluation reserve 1,353,911 1,353,911
Retained earnings 2,867,167 2,912,113
SHAREHOLDERS' FUNDS 4,740,028 4,784,974

The notes form part of these financial statements

3
S.Andrews & Son (Pwllheli) Limited (Registered number: 02935746)

Balance Sheet - continued
31 January 2026


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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 Profit & Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 October 2026 and were signed on its behalf by:





J B Smith - Director


The notes form part of these financial statements

4
S.Andrews & Son (Pwllheli) Limited (Registered number: 02935746)

Notes to the Financial Statements
for the Year Ended 31 January 2026


1. 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.
Plant and machinery - 25% reducing balance
Fixtures and fittings - 25% reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit & Loss Account, 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.

Pension costs
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.

5
S.Andrews & Son (Pwllheli) Limited (Registered number: 02935746)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2026


2. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2025 - 5 ) .

3. TANGIBLE FIXED ASSETS
Fixtures
Plant and and
machinery fittings Totals
£    £    £   
COST
At 1 February 2025
and 31 January 2026 597,861 82,240 680,101
DEPRECIATION
At 1 February 2025 575,096 79,901 654,997
Charge for year 5,739 585 6,324
At 31 January 2026 580,835 80,486 661,321
NET BOOK VALUE
At 31 January 2026 17,026 1,754 18,780
At 31 January 2025 22,765 2,339 25,104

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 February 2025
and 31 January 2026 7,888,079
NET BOOK VALUE
At 31 January 2026 7,888,079
At 31 January 2025 7,888,079

The investment properties on 31 January 2023 by the directors with the assistance of their property advisors. Their value is still deemed appropriate.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2026 2025
£    £   
Trade debtors 251,794 255,148
Other debtors & prepayments 20,809 20,240
272,603 275,388

6
S.Andrews & Son (Pwllheli) Limited (Registered number: 02935746)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2026


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2026 2025
£    £   
Bank loans and overdrafts 55,880 71,321
Trade creditors 5,588 3,879
Taxes & social security costs 43,661 32,279
Other creditors & accruals 105,620 153,158
210,749 260,637

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2026 2025
£    £   
Bank loans 3,602,522 3,643,162

8. SECURED DEBTS

The following secured debts are included within creditors:

2026 2025
£    £   
Bank loans 3,653,076 3,694,220

The bank loans are in the form of a mortgage and are secured over the properties to which they relate.

7