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REGISTERED NUMBER: 04765064 (Wales)















MEITHRINFA MEIRION CYF.

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2023






MEITHRINFA MEIRION CYF. (REGISTERED NUMBER: 04765064)

CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 MAY 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


MEITHRINFA MEIRION CYF.

COMPANY INFORMATION
for the Year Ended 31 MAY 2023







DIRECTORS: R W Price
E W Thomas
R P Jones
C M Jones
C M Lloyd
R P Jones
C Ifan
R G Owen
C Siddall
A Evans





SECRETARY:





REGISTERED OFFICE: Seren Fach
Brithdir
Dolgellau
Gwynedd
LL40 2RP





REGISTERED NUMBER: 04765064 (Wales)





ACCOUNTANTS: E W Owen & Co
Glyndwr Buildings
Glyndwr Street
Dolgellau
Gwynedd
LL40 1BB

MEITHRINFA MEIRION CYF. (REGISTERED NUMBER: 04765064)

BALANCE SHEET
31 MAY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 57,722 43,510

CURRENT ASSETS
Debtors 5 7,287 10,138
Cash at bank and in hand 67,842 65,109
75,129 75,247
CREDITORS
Amounts falling due within one year 6 4,952 1,716
NET CURRENT ASSETS 70,177 73,531
TOTAL ASSETS LESS CURRENT
LIABILITIES

127,899

117,041

RESERVES
Income and expenditure account 127,899 117,041
127,899 117,041

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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 surplus or deficit 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 27 September 2023 and were signed on its behalf by:





C Ifan - Director


MEITHRINFA MEIRION CYF. (REGISTERED NUMBER: 04765064)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 MAY 2023


1. STATUTORY INFORMATION

Meithrinfa Meirion Cyf. is a private company, limited by guarantee , 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.
Plant and equipment etc. - 20% on reducing balance and 10% on reducing balance

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 surplus or deficit 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 14 (2022 - 14 ) .

MEITHRINFA MEIRION CYF. (REGISTERED NUMBER: 04765064)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 MAY 2023


4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property equipment fittings
£    £    £   
COST
At 1 June 2022 24,496 27,098 6,692
Additions - 18,091 -
At 31 May 2023 24,496 45,189 6,692
DEPRECIATION
At 1 June 2022 - 18,085 4,110
Charge for year - 2,711 258
At 31 May 2023 - 20,796 4,368
NET BOOK VALUE
At 31 May 2023 24,496 24,393 2,324
At 31 May 2022 24,496 9,013 2,582

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 June 2022 14,975 16,605 89,866
Additions - 718 18,809
At 31 May 2023 14,975 17,323 108,675
DEPRECIATION
At 1 June 2022 11,835 12,326 46,356
Charge for year 628 1,000 4,597
At 31 May 2023 12,463 13,326 50,953
NET BOOK VALUE
At 31 May 2023 2,512 3,997 57,722
At 31 May 2022 3,140 4,279 43,510

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 7,263 10,138
Other debtors 24 -
7,287 10,138

MEITHRINFA MEIRION CYF. (REGISTERED NUMBER: 04765064)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 MAY 2023


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 1,740 2,474
Taxation and social security 3,212 (758 )
4,952 1,716