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REGISTERED NUMBER: 05159926 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2023

for

Gwynt Y Ddraig Cider Ltd

Gwynt Y Ddraig Cider Ltd (Registered number: 05159926)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Gwynt Y Ddraig Cider Ltd

Company Information
for the Year Ended 30 June 2023







DIRECTORS: A Gronow
L H Casling
I Evans





REGISTERED OFFICE: Llest Farm
Llantwit Fadre
Pontypridd
Rhondda Cynon Taff
CF38 2PW





REGISTERED NUMBER: 05159926 (England and Wales)





ACCOUNTANTS: Austin Accountancy Services Ltd
15 Manor Park
Ham Lane
Llantwit Major
Vale of Glamorgan
CF61 1RS

Gwynt Y Ddraig Cider Ltd (Registered number: 05159926)

Balance Sheet
30 June 2023

30.6.23 30.6.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 483,195 421,024

CURRENT ASSETS
Stocks 151,670 136,529
Debtors 5 570,361 402,203
Cash at bank and in hand 519,330 556,027
1,241,361 1,094,759
CREDITORS
Amounts falling due within one year 6 431,250 344,624
NET CURRENT ASSETS 810,111 750,135
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,293,306

1,171,159

CREDITORS
Amounts falling due after more than
one year

7

129,026

137,309
NET ASSETS 1,164,280 1,033,850

CAPITAL AND RESERVES
Called up share capital 200 200
Retained earnings 1,164,080 1,033,650
SHAREHOLDERS' FUNDS 1,164,280 1,033,850

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

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

Gwynt Y Ddraig Cider Ltd (Registered number: 05159926)

Balance Sheet - continued
30 June 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 20 October 2023 and were signed on its behalf by:





A Gronow - Director


Gwynt Y Ddraig Cider Ltd (Registered number: 05159926)

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

1. STATUTORY INFORMATION

Gwynt Y Ddraig Cider 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.

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.

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.

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 8 (2022 - 11 ) .

Gwynt Y Ddraig Cider Ltd (Registered number: 05159926)

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 July 2022 1,285,329
Additions 296,307
Disposals (92,475 )
At 30 June 2023 1,489,161
DEPRECIATION
At 1 July 2022 864,305
Charge for year 211,017
Eliminated on disposal (69,356 )
At 30 June 2023 1,005,966
NET BOOK VALUE
At 30 June 2023 483,195
At 30 June 2022 421,024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Trade debtors 517,408 364,719
Other debtors 52,953 37,484
570,361 402,203

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Bank loans and overdrafts 30,883 32,637
Hire purchase contracts 13,582 21,296
Trade creditors 207,624 145,586
Taxation and social security 107,289 75,920
Other creditors 71,872 69,185
431,250 344,624

Gwynt Y Ddraig Cider Ltd (Registered number: 05159926)

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

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
30.6.23 30.6.22
£    £   
Bank loans 79,038 103,434
Hire purchase contracts 49,988 33,875
129,026 137,309