REGISTERED NUMBER: 04709180 (England and Wales)

REES WOOD TERRY LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

Page

Company Information

1

Chartered Accountants' Report

2

Statement of Financial Position

3

Notes to the Financial Statements

4

DIRECTORS:

A P M Hickey

Mr M L Hood

Mr D G Williams

SECRETARY:

Mr M L Hood

REGISTERED OFFICE:

9 St. Andrews Crescent

Cardiff

CF10 3DG

REGISTERED NUMBER:

04709180 (England and Wales)

ACCOUNTANTS:

Carston ETL

Tudor House

16 Cathedral Road

Cardiff

CF11 9LJ

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 Statement of Financial Position. 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 Rees Wood Terry Limited for the year ended 31 March 2025 which comprise the Statement of Income and Retained Earnings, Statement of Financial Position 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 http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Rees Wood Terry 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 Rees Wood Terry Limited and state those matters that we have agreed to state to the Board of Directors of Rees Wood Terry Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Rees Wood Terry Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Rees Wood Terry 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 Rees Wood Terry Limited. You consider that Rees Wood Terry 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 Rees Wood Terry 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.

Carston ETL

Tudor House

16 Cathedral Road

Cardiff

CF11 9LJ

19 November 2025

FIXED ASSETS

Intangible assets

4

280,000

320,000

Tangible assets

5

3,323

7,384

283,323

327,384

CURRENT ASSETS

Stocks

114,242

150,027

Debtors

6

64,791

54,403

Cash at bank and in hand

199,345

143,387

378,378

347,817

CREDITORS

Amounts falling due within one year

7

330,752

328,373

NET CURRENT ASSETS

47,626

19,444

TOTAL ASSETS LESS CURRENT LIABILITIES

330,949

346,828

CREDITORS

Amounts falling due after more than one year

8

50,000

100,000

NET ASSETS

280,949

246,828

CAPITAL AND RESERVES

Called up share capital

9

100

100

Retained earnings

280,849

246,728

SHAREHOLDERS' FUNDS

280,949

246,828

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19 November 2025 and were signed on its behalf by:

A P M Hickey - Director

1.	STATUTORY INFORMATION

Rees Wood Terry 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2019, is being amortised evenly over its estimated useful life of ten years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Long leasehold

-

10% straight line on cost

Office equipment

-

20% straight line on cost

Fixtures and fittings

-

20% straight line on cost

Computer equipment

-

25% straight line on cost

Stocks

Work in progress is valued at the lower of cost and net realisable value.

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 Statement of Income and Retained Earnings, 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 statement of financial position date.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2024 - 13 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

and 31 March 2025

500,000

AMORTISATION

At 1 April 2024

180,000

Amortisation for year

40,000

At 31 March 2025

220,000

NET BOOK VALUE

At 31 March 2025

280,000

At 31 March 2024

320,000

5.	TANGIBLE FIXED ASSETS

Fixtures

Long

Office

and

Computer

leasehold

equipment

fittings

equipment

Totals

£

£

£

£

£

COST

At 1 April 2024

5,300

8,750

3,832

21,904

39,786

Additions

-

-

1,827

-

1,827

At 31 March 2025

5,300

8,750

5,659

21,904

41,613

DEPRECIATION

At 1 April 2024

3,180

8,750

3,470

17,002

32,402

Charge for year

530

-

456

4,902

5,888

At 31 March 2025

3,710

8,750

3,926

21,904

38,290

NET BOOK VALUE

At 31 March 2025

1,590

-

1,733

-

3,323

At 31 March 2024

2,120

-

362

4,902

7,384

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

42,448

36,416

Other debtors

22,343

17,987

64,791

54,403

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Taxation and social security

80,679

55,434

Other creditors

250,073

272,939

330,752

328,373

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Other creditors

50,000

100,000

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

100

Ordinary

£1

100

100