Huw S. Rees Limited - Filleted accounts

Registered number

05266180

Huw S. Rees Limited

Filleted Accounts

30 April 2025

Cross & Bowen

Chartered Certified Accountants

Riverside House

Normandy Road

Swansea

SA1 2JA

Huw S. Rees Limited
Registered number:		05266180
Balance Sheet
as at 30 April 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	4		24,886			9,816

Current assets
Stocks		76,872			58,000
Debtors	5	840,312			895,108
Cash at bank and in hand		145,616			66,362
		1,062,800			1,019,470

Creditors: amounts falling due within one year	6	(429,852)			(354,757)

Net current assets			632,948			664,713

Total assets less current liabilities			657,834			674,529

Creditors: amounts falling due after more than one year	7		(425,610)			(486,343)

Provisions for liabilities			(6,222)			(2,454)

Net assets			226,002			185,732

Capital and reserves
Called up share capital			100			100
Profit and loss account			225,902			185,632

Shareholders' funds			226,002			185,732

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




H.S. Rees
Director
Approved by the board on 10 November 2025

Huw S. Rees Limited
Notes to the Accounts
for the year ended 30 April 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Motor vehicles	25% reducing balance
	Fixtures, fittings, tools and equipment	10% reducing balance

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	Employees			2025		2024
Number					Number

	Average number of persons employed by the company			16		16


3	Intangible fixed assets					£
	Goodwill:

	Cost
	At 1 May 2024					800,000
	At 30 April 2025					800,000

	Amortisation
	At 1 May 2024					800,000
	At 30 April 2025					800,000

	Net book value
	At 30 April 2025					-



4	Tangible fixed assets
		Plant and machinery etc		Motor vehicles		Total
£			£		£
	Cost
	At 1 May 2024	15,861		12,565		28,426
	Additions	-		20,346		20,346
	Disposals	-		(12,565)		(12,565)
	At 30 April 2025	15,861		20,346		36,207

	Depreciation
	At 1 May 2024	9,874		8,736		18,610
	Charge for the year	600		847		1,447
	On disposals	-		(8,736)		(8,736)
	At 30 April 2025	10,474		847		11,321

	Net book value
	At 30 April 2025	5,387		19,499		24,886
	At 30 April 2024	5,987		3,829		9,816


5	Debtors			2025		2024
£					£

	Trade debtors			292,978		295,093
	Other debtors			547,334		600,015
				840,312		895,108


6	Creditors: amounts falling due within one year			2025		2024
£					£

	Bank loans and overdrafts			73,599		49,895
	Trade creditors			260,495		198,159
	Taxation and social security costs			91,578		102,582
	Other creditors			4,180		4,121
				429,852		354,757


7	Creditors: amounts falling due after one year			2025		2024
£					£

	Bank loans			424,836		485,436
	Other creditors			774		907
				425,610		486,343


8	Other information

	Huw S. Rees Limited is a private company limited by shares and incorporated in England and Wales. Its registered office is:
	The Pharmacy
	Sea View Terrace
	Penclawdd
	Swansea
	SA4 3YF