REGISTERED NUMBER: 04542319 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

T.I. Davies a'i Fab cyf.

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

T. I. Davies

G H Davies

Mrs C H Davies

SECRETARY:

Mr. G H Davies

REGISTERED OFFICE:

72 Maesydderwen

CARDIGAN

Ceredigion

SA43 1PE

REGISTERED NUMBER:

04542319 (England and Wales)

ACCOUNTANTS:

Ashmole & Co

Manchester House

Grosvenor Hill

Cardigan

Ceredigion

SA43 1HY

FIXED ASSETS

Tangible assets

4

104,716

47,750

CURRENT ASSETS

Stocks

546,940

764,001

Debtors

5

386,879

239,750

Cash at bank and in hand

905,836

855,856

1,839,655

1,859,607

CREDITORS

Amounts falling due within one year

6

271,699

346,125

NET CURRENT ASSETS

1,567,956

1,513,482

TOTAL ASSETS LESS CURRENT LIABILITIES

1,672,672

1,561,232

CREDITORS

Amounts falling due after more than one year

7

(37,365

)

-

PROVISIONS FOR LIABILITIES

8

(26,179

)

(11,938

)

NET ASSETS

1,609,128

1,549,294

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

1,609,028

1,549,194

SHAREHOLDERS' FUNDS

1,609,128

1,549,294

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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 30 October 2025 and were signed on its behalf by:

T. I. Davies - Director

G H Davies - Director

1.	STATUTORY INFORMATION

T.I. Davies a'i Fab cyf. 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.

Plant and machinery etc

-

10% on reducing balance

Stocks

Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

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 8 (2024 - 6 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2024

174,364

Additions

68,000

Disposals

(36,000

)

At 31 March 2025

206,364

DEPRECIATION

At 1 April 2024

126,614

Charge for year

5,031

Eliminated on disposal

(29,997

)

At 31 March 2025

101,648

NET BOOK VALUE

At 31 March 2025

104,716

At 31 March 2024

47,750

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

74,720

5,715

Other debtors

312,159

234,035

386,879

239,750

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Hire purchase contracts

13,188

-

Trade creditors

30,746

45,879

Taxation and social security

10,661

71,145

Other creditors

217,104

229,101

271,699

346,125

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Hire purchase contracts

37,365

-

8.	PROVISIONS FOR LIABILITIES

31.3.25

31.3.24

£

£

Deferred tax

26,179

11,938

Deferred

tax

£

Balance at 1 April 2024

11,938

Provided during year

14,241

Balance at 31 March 2025

26,179