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REGISTERED NUMBER: 09522412















Unaudited Financial Statements for the Year Ended 30 April 2023

for

Glesni Cyfyngedig

Glesni Cyfyngedig (Registered number: 09522412)






Contents of the Financial Statements
for the Year Ended 30 April 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Glesni Cyfyngedig

Company Information
for the Year Ended 30 April 2023







DIRECTORS: S Lynch
Mrs M Lynch
G P Lynch
H P F Smallwood





SECRETARY: G Lynch





REGISTERED OFFICE: Brynffynnon
LLANGWM
Corwen
Clwyd
LL21 0RL





REGISTERED NUMBER: 09522412





ACCOUNTANTS: J Llywelyn Hughes & Co
Chartered Accountants
Ty'r Bont
Llanrwst
Conwy
LL26 0EY

Glesni Cyfyngedig (Registered number: 09522412)

Balance Sheet
30 April 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,613,120 1,498,122

CURRENT ASSETS
Debtors 5 317,943 275,760
Prepayments and accrued income 29,732 2,256
Cash at bank 228,756 230,818
576,431 508,834
CREDITORS
Amounts falling due within one year 6 289,669 259,573
NET CURRENT ASSETS 286,762 249,261
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,899,882

1,747,383

CREDITORS
Amounts falling due after more than one
year

7

(422,901

)

(577,537

)

PROVISIONS FOR LIABILITIES (158,347 ) (126,831 )
NET ASSETS 1,318,634 1,043,015

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,318,534 1,042,915
SHAREHOLDERS' FUNDS 1,318,634 1,043,015

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

Glesni Cyfyngedig (Registered number: 09522412)

Balance Sheet - continued
30 April 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 21 September 2023 and were signed on its behalf by:





G P Lynch - Director


Glesni Cyfyngedig (Registered number: 09522412)

Notes to the Financial Statements
for the Year Ended 30 April 2023

1. STATUTORY INFORMATION

Glesni Cyfyngedig is a private company, limited by shares , registered in Not specified/Other. 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
Plant and machinery etc - 5% on cost and 25% reducing balance.
Motor vehicles - 25% reducing balance.
Computer equipment - 25% on cost.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 May 2022 653,305 1,235,567 1,888,872
Additions 181,256 1,469 182,725
Disposals (200 ) - (200 )
At 30 April 2023 834,361 1,237,036 2,071,397
DEPRECIATION
At 1 May 2022 - 390,750 390,750
Charge for year - 67,527 67,527
At 30 April 2023 - 458,277 458,277
NET BOOK VALUE
At 30 April 2023 834,361 778,759 1,613,120
At 30 April 2022 653,305 844,817 1,498,122

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 187,046 162,044
Other debtors 130,897 113,716
317,943 275,760

Glesni Cyfyngedig (Registered number: 09522412)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 155,160 155,160
Trade creditors 36,393 53,396
Taxation and social security 98,116 51,017
289,669 259,573

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 422,901 577,537

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 578,061 732,697



9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 April 2023 and 30 April 2022:

2023 2022
£    £   
G P Lynch and Mrs M Lynch
Balance outstanding at start of year (77,940 ) (76,976 )
Amounts advanced 425 2,563
Amounts repaid (11,764 ) (3,527 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (89,279 ) (77,940 )

Glesni Cyfyngedig (Registered number: 09522412)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2023

10. RELATED PARTY DISCLOSURES

Rent of £30,000 is payable for the turbine site and necessary rights to Bryn Ffynnon, of which Mr and Mrs G P Lynch are joint owners. At the balance sheet date the amount outstanding was £NIL (2022: £NIL).

Mr and Mrs G P Lynch control the majority of the issued share capital of the company.

Dividends totalling £31,616 (2022 £31,616) were paid in the year in respect of shares held by the company's directors.