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REGISTERED NUMBER: 04630439 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 March 2023

for

Hughes Blaendyffryn Limited

Hughes Blaendyffryn Limited (Registered number: 04630439)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Hughes Blaendyffryn Limited

Company Information
for the Year Ended 31 March 2023







DIRECTORS: W D E Hughes
D M Hughes





SECRETARY: Mrs E M Hughes





REGISTERED OFFICE: The Old School
The Quay
Carmarthen
Carmarthenshire
SA31 3JP





REGISTERED NUMBER: 04630439 (England and Wales)

Hughes Blaendyffryn Limited (Registered number: 04630439)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 325 325
Tangible assets 5 325,294 293,164
325,619 293,489

CURRENT ASSETS
Stocks 129,850 130,130
Debtors 6 47,209 26,808
Investments 7 163,297 66,755
Cash at bank 272,320 338,948
612,676 562,641
CREDITORS
Amounts falling due within one year 8 26,223 30,079
NET CURRENT ASSETS 586,453 532,562
TOTAL ASSETS LESS CURRENT
LIABILITIES

912,072

826,051

PROVISIONS FOR LIABILITIES 47,863 41,579
NET ASSETS 864,209 784,472

CAPITAL AND RESERVES
Called up share capital 301 301
Retained earnings 863,908 784,171
864,209 784,472

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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.

Hughes Blaendyffryn Limited (Registered number: 04630439)

Balance Sheet - continued
31 March 2023


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 2 October 2023 and were signed on its behalf by:





W D E Hughes - Director


Hughes Blaendyffryn Limited (Registered number: 04630439)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

Hughes Blaendyffryn 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.

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.

SFP Entitlements are being amortised evenly over their estimated useful life of nil years.

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 - 20% 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2022 - 5 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 April 2022
and 31 March 2023 325
NET BOOK VALUE
At 31 March 2023 325
At 31 March 2022 325

Hughes Blaendyffryn Limited (Registered number: 04630439)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2022 603,022
Additions 89,602
Disposals (16,299 )
At 31 March 2023 676,325
DEPRECIATION
At 1 April 2022 309,858
Charge for year 51,275
Eliminated on disposal (10,102 )
At 31 March 2023 351,031
NET BOOK VALUE
At 31 March 2023 325,294
At 31 March 2022 293,164

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 22,870 25,055
Other debtors 24,339 1,753
47,209 26,808

7. CURRENT ASSET INVESTMENTS
31.3.23 31.3.22
£    £   
Listed investments 159,397 62,855
First milk retention 3,900 3,900
163,297 66,755

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade creditors 3,111 9,747
Taxation and social security 10,813 14,759
Other creditors 12,299 5,573
26,223 30,079

Hughes Blaendyffryn Limited (Registered number: 04630439)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2023 and 31 March 2022:

31.3.23 31.3.22
£    £   
W D E Hughes and D M Hughes
Balance outstanding at start of year (5,573 ) (24 )
Amounts advanced 19,019 18,800
Amounts repaid (25,745 ) (24,349 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (12,299 ) (5,573 )

10. ULTIMATE CONTROLLING PARTY

The controlling party is W D E Hughes.