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REGISTERED NUMBER: 12390774 (Wales)

















Sweet Home Alpaca Cyf

Financial Statements

for the Year Ended 31 December 2022






Sweet Home Alpaca Cyf (Registered number: 12390774)

Contents of the Financial Statements
for the year ended 31 December 2022










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Sweet Home Alpaca Cyf

Company Information
for the year ended 31 December 2022







DIRECTORS: Mrs A S Frayling-James
A Frayling-James





REGISTERED OFFICE: Sweet Home Alpaca
Cuffern
Roch
Haverfordwest
SA62 6HB





REGISTERED NUMBER: 12390774 (Wales)





ACCOUNTANTS: Read Woodruff
Chartered Accountants
24 Cornwall Road
Dorchester
Dorset
DT1 1RX

Sweet Home Alpaca Cyf (Registered number: 12390774)

Balance Sheet
31 December 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 140,480 125,884

CURRENT ASSETS
Stocks 91,400 84,136
Debtors 5 747 8,745
Cash at bank and in hand 2,762 49,279
94,909 142,160
CREDITORS
Amounts falling due within one year 6 175,177 182,870
NET CURRENT LIABILITIES (80,268 ) (40,710 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

60,212

85,174

CREDITORS
Amounts falling due after more than one
year

7

154,230

147,432
NET LIABILITIES (94,018 ) (62,258 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (94,118 ) (62,358 )
SHAREHOLDERS' FUNDS (94,018 ) (62,258 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2022 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 26 September 2023 and were signed on its behalf by:




Mrs A S Frayling-James - Director



A Frayling-James - Director


Sweet Home Alpaca Cyf (Registered number: 12390774)

Notes to the Financial Statements
for the year ended 31 December 2022


1. STATUTORY INFORMATION

Sweet Home Alpaca Cyf is a private company, limited by shares , registered in 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.
Leasehold property - 5% on cost
Plant and machinery - 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.

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.

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 2 (2021 - 2 ) .

Sweet Home Alpaca Cyf (Registered number: 12390774)

Notes to the Financial Statements - continued
for the year ended 31 December 2022


4. TANGIBLE FIXED ASSETS
Leasehold Plant and
property machinery Totals
£    £    £   
COST
At 1 January 2022 130,449 5,330 135,779
Additions 22,543 - 22,543
At 31 December 2022 152,992 5,330 158,322
DEPRECIATION
At 1 January 2022 8,069 1,826 9,895
Charge for year 7,246 701 7,947
At 31 December 2022 15,315 2,527 17,842
NET BOOK VALUE
At 31 December 2022 137,677 2,803 140,480
At 31 December 2021 122,380 3,504 125,884

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Other debtors 747 8,745

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Bank loans and overdrafts 4,135 13,110
Trade creditors 1,212 2,303
Other creditors 169,830 167,457
175,177 182,870

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2022 2021
£    £   
Bank loans 154,230 147,432

Amounts falling due in more than five years:

Repayable by instalments
Bank loans 81,971 81,971

8. SECURED DEBTS

The following secured debts are included within creditors:

2022 2021
£    £   
Director's loan 163,617 166,244
Bank loans 135,547 136,193
299,164 302,437

The director's loan is secured by a debenture dated 5 February 2020.

Bank loans are secured by a fixed and floating charge over all company assets present and future, created 1 October 2021.