Filleted

Registration number: 15734192

Hefin Thomas Fabrications Cyf

Contents

Company Information	1
Balance Sheet	2
Notes to the Financial Statements	3 to 7

Hefin Thomas Fabrications Cyf

Company Information

Director

Mr Hefin Wyn Thomas

Registered office

Llys Deri Parc Pensarn Carmarthen SA31 2NF

Hefin Thomas Fabrications Cyf

(Registration number: 15734192)
Balance Sheet as at 31 May 2026

	Note	2026 £	2025 £
Fixed assets
Tangible assets	5	168,722	155,465
Current assets
Stocks	6	17,091	17,052
Debtors	7	40,208	68,912
Cash at bank and in hand		146,137	66,674
		203,436	152,638
Creditors: Amounts falling due within one year	8	(291,385)	(257,619)
Net current liabilities		(87,949)	(104,981)
Net assets		80,773	50,484
Capital and reserves
Profit and loss account		80,773	50,484
Total equity		80,773	50,484

For the financial year ending 31 May 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the director on 3 September 2026
 

......................................... Mr Hefin Wyn Thomas Director

Hefin Thomas Fabrications Cyf

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

1	General information

The company is a private company limited by share capital, incorporated in United Kingdom.

The address of its registered office is:
Llys Deri
Parc Pensarn
Carmarthen
SA31 2NF

These financial statements were authorised for issue by the director on 3 September 2026.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Hefin Thomas Fabrications Cyf

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

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Motor Expenses	10% reducing balance
Plant and Machinery	10% reducing balance
Fixture and fittings	10% reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Hefin Thomas Fabrications Cyf

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

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2025 - 1).

4	Profit before tax

Arrived at after charging/(crediting)

	2026 £	2025 £
Depreciation expense	17,128	14,356

5	Tangible assets

	Properties under construction  £	Fixtures and fittings £	Plant and machinery £	Motor vehicles  £
Cost or valuation
At 1 June 2025	4,075	25,717	134,460	5,570
Additions	-	-	10,995	24,449
Disposals	-	-	-	(5,570)
At 31 May 2026	4,075	25,717	145,455	24,449
Depreciation
At 1 June 2025	-	2,227	11,619	511
Charge for the year	-	2,349	12,742	2,037
Eliminated on disposal	-	-	-	(511)
At 31 May 2026	-	4,576	24,361	2,037
Carrying amount
At 31 May 2026	4,075	21,141	121,094	22,412
At 31 May 2025	4,075	23,490	122,841	5,059

Hefin Thomas Fabrications Cyf

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

	Total £
Cost or valuation
At 1 June 2025	169,822
Additions	35,444
Disposals	(5,570)
At 31 May 2026	199,696
Depreciation
At 1 June 2025	14,357
Charge for the year	17,128
Eliminated on disposal	(511)
At 31 May 2026	30,974
Carrying amount
At 31 May 2026	168,722
At 31 May 2025	155,465

6

Stocks

	2026 £	2025 £
Work in progress	9,993	7,221
Material	7,098	9,831
	17,091	17,052

7

Debtors

	2026 £	2025 £
Trade debtors	40,208	66,910
Other debtors	-	2,002
	40,208	68,912

Hefin Thomas Fabrications Cyf

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

8

Creditors

Creditors: amounts falling due within one year

	Note	2026 £	2025 £
Due within one year
Trade creditors		19,469	40,385
Taxation and social security		27,917	13,572
Directors' loan accounts	10	240,737	203,143
Other creditors		3,262	519
		291,385	257,619