IRIS Accounts Production v23.2.0.158 11101374 Board of Directors Board of Directors Board of Directors 1.1.22 31.12.22 31.12.22 0 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh111013742021-12-31111013742022-12-31111013742022-01-012022-12-31111013742020-12-31111013742021-01-012021-12-31111013742021-12-3111101374ns15:Walesns10:Original2022-01-012022-12-3111101374ns14:PoundSterlingns10:Original2022-01-012022-12-3111101374ns10:Originalns10:Director12022-01-012022-12-3111101374ns10:Original2022-01-012022-12-3111101374ns10:Originalns10:Director22022-01-012022-12-3111101374ns10:Originalns10:Director32022-01-012022-12-3111101374ns10:Original2022-12-3111101374ns10:Originalns10:PrivateLimitedCompanyLtd2022-01-012022-12-3111101374ns10:Originalns10:SmallEntities2022-01-012022-12-3111101374ns10:Originalns10:AuditExempt-NoAccountantsReport2022-01-012022-12-3111101374ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-01-012022-12-3111101374ns10:SmallCompaniesRegimeForAccountsns10:Original2022-01-012022-12-3111101374ns10:Originalns10:FullAccounts2022-01-012022-12-3111101374ns10:Original2021-01-012021-12-3111101374ns10:Original12022-01-012022-12-3111101374ns10:Originalns10:RegisteredOffice2022-01-012022-12-3111101374ns10:Original2021-12-3111101374ns10:Originalns5:CurrentFinancialInstruments2022-12-3111101374ns10:Originalns5:CurrentFinancialInstruments2021-12-3111101374ns10:Originalns5:Non-currentFinancialInstruments2022-12-3111101374ns10:Originalns5:Non-currentFinancialInstruments2021-12-3111101374ns5:ShareCapitalns10:Original2022-12-3111101374ns5:ShareCapitalns10:Original2021-12-3111101374ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-12-3111101374ns10:Originalns5:RetainedEarningsAccumulatedLosses2021-12-3111101374ns5:IntangibleAssetsOtherThanGoodwillns10:Original2022-01-012022-12-3111101374ns10:Originalns5:DevelopmentCostsCapitalisedDevelopmentExpenditure2022-01-012022-12-3111101374ns5:IntangibleAssetsOtherThanGoodwillns10:Original2021-12-3111101374ns5:IntangibleAssetsOtherThanGoodwillns10:Original2022-12-3111101374ns5:IntangibleAssetsOtherThanGoodwillns10:Original2021-12-3111101374ns10:Originalns5:PlantMachinery2021-12-3111101374ns10:Originalns5:PlantMachinery2022-01-012022-12-3111101374ns10:Originalns5:PlantMachinery2022-12-3111101374ns10:Originalns5:PlantMachinery2021-12-3111101374ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-12-3111101374ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2021-12-3111101374ns10:Originalns5:Non-currentFinancialInstruments2022-01-012022-12-31
REGISTERED NUMBER: 11101374 (Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2022

FOR

AFALLON MON CYF

AFALLON MON CYF (REGISTERED NUMBER: 11101374)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


AFALLON MON CYF

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST DECEMBER 2022







DIRECTORS: Mr O. A. Owen
Mr E. Gibson
Mr O. G. Owen





REGISTERED OFFICE: Bedo
Llanfachraeth
Holyhead
Ynys Mon
LL54 4DH





REGISTERED NUMBER: 11101374 (Wales)





ACCOUNTANTS: Richard Williams & Co
Chartered Accountants
The Old Police Station
Gaerwen
Anglesey
LL60 6BL

AFALLON MON CYF (REGISTERED NUMBER: 11101374)

BALANCE SHEET
31ST DECEMBER 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 26,332 26,332
Tangible assets 5 65,789 66,777
92,121 93,109

CURRENT ASSETS
Stocks 27,669 19,393
Debtors 6 5,589 6,706
Cash at bank and in hand 50,584 65,318
83,842 91,417
CREDITORS
Amounts falling due within one year 7 78,731 97,179
NET CURRENT ASSETS/(LIABILITIES) 5,111 (5,762 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

97,232

87,347

CREDITORS
Amounts falling due after more than one
year

8

60,000

60,000
NET ASSETS 37,232 27,347

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 37,132 27,247
37,232 27,347

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

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

AFALLON MON CYF (REGISTERED NUMBER: 11101374)

BALANCE SHEET - continued
31ST DECEMBER 2022


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 29th September 2023 and were signed on its behalf by:




Mr O. A. Owen - Director Mr E. Gibson - Director




Mr O. G. Owen - Director


AFALLON MON CYF (REGISTERED NUMBER: 11101374)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2022

1. STATUTORY INFORMATION

Afallon Mon 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.

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.

Development costs 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2021 - NIL ) .

AFALLON MON CYF (REGISTERED NUMBER: 11101374)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2022

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1st January 2022
and 31st December 2022 26,332
NET BOOK VALUE
At 31st December 2022 26,332
At 31st December 2021 26,332

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st January 2022
and 31st December 2022 69,655
DEPRECIATION
At 1st January 2022 2,878
Charge for year 988
At 31st December 2022 3,866
NET BOOK VALUE
At 31st December 2022 65,789
At 31st December 2021 66,777

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade debtors 5,589 6,706

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Bank loans and overdrafts 39,028 48,433
Trade creditors 5,684 6,374
Taxation and social security 1,431 366
Other creditors 32,588 42,006
78,731 97,179

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

Other creditors consist of Loans advanced by the Directors which will not be withdrawn so as to affect the net current asset position of the company.