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REGISTERED NUMBER: 06993105 (England and Wales)















Unaudited Financial Statements for the Year Ended 31st October 2021

for

Cibyn MOT Centre Ltd

Cibyn MOT Centre Ltd (Registered number: 06993105)






Contents of the Financial Statements
for the Year Ended 31st October 2021




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Cibyn MOT Centre Ltd

Company Information
for the Year Ended 31st October 2021







DIRECTOR: Mrs K A Hughes





SECRETARY:





REGISTERED OFFICE: Unit 29
Cibyn Industrial Estate
Caernarfon
Gwynedd
LL55 2BD





REGISTERED NUMBER: 06993105 (England and Wales)





ACCOUNTANTS: A.Hughes-Jones, Dyson & Co.
Capel Moreia
South Penrallt
Caernarfon
Gwynedd
LL55 1NS

Cibyn MOT Centre Ltd (Registered number: 06993105)

Balance Sheet
31st October 2021

31.10.21 31.10.20
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 28,279 11,795
28,279 11,795

CURRENT ASSETS
Stocks 200 200
Debtors 6 12,930 16,370
Cash at bank and in hand 34,572 45,636
47,702 62,206
CREDITORS
Amounts falling due within one year 7 22,933 9,509
NET CURRENT ASSETS 24,769 52,697
TOTAL ASSETS LESS CURRENT
LIABILITIES

53,048

64,492

CREDITORS
Amounts falling due after more than one year 8 39,851 46,443
NET ASSETS 13,197 18,049

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 13,097 17,949
13,197 18,049

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st October 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st October 2021 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

Cibyn MOT Centre Ltd (Registered number: 06993105)

Balance Sheet - continued
31st October 2021


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 director and authorised for issue on 6th September 2022 and were signed by:





Mrs K A Hughes - Director


Cibyn MOT Centre Ltd (Registered number: 06993105)

Notes to the Financial Statements
for the Year Ended 31st October 2021

1. STATUTORY INFORMATION

Cibyn MOT Centre Ltd 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 0, is being amortised evenly over its estimated useful life of nil 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.
Plant and machinery etc - 33% on reducing balance and 25% on reducing balance

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

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.

Cibyn MOT Centre Ltd (Registered number: 06993105)

Notes to the Financial Statements - continued
for the Year Ended 31st October 2021

2. ACCOUNTING POLICIES - continued

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 4 (2020 - 4 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st November 2020
and 31st October 2021 24,749
AMORTISATION
At 1st November 2020
and 31st October 2021 24,749
NET BOOK VALUE
At 31st October 2021 -
At 31st October 2020 -

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st November 2020 46,162
Additions 23,553
At 31st October 2021 69,715
DEPRECIATION
At 1st November 2020 34,367
Charge for year 7,069
At 31st October 2021 41,436
NET BOOK VALUE
At 31st October 2021 28,279
At 31st October 2020 11,795

Cibyn MOT Centre Ltd (Registered number: 06993105)

Notes to the Financial Statements - continued
for the Year Ended 31st October 2021

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.21 31.10.20
£    £   
Trade debtors 2,159 1,552
Other debtors 10,771 14,818
12,930 16,370

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.21 31.10.20
£    £   
Trade creditors 18,936 5,352
Taxation and social security 2,481 2,886
Other creditors 1,516 1,271
22,933 9,509

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.10.21 31.10.20
£    £   
Other creditors 39,851 46,443

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31st October 2021 and 31st October 2020:

31.10.21 31.10.20
£    £   
Mrs K A Hughes
Balance outstanding at start of year 12,905 23,367
Amounts repaid (3,151 ) (10,462 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 9,754 12,905

10. ULTIMATE CONTROLLING PARTY

The company is controlled by it's director