REGISTERED NUMBER: |
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST JANUARY 2023 |
FOR |
CANOLFAN ARWERTHIANT BRYNCIR CYF |
REGISTERED NUMBER: |
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST JANUARY 2023 |
FOR |
CANOLFAN ARWERTHIANT BRYNCIR CYF |
CANOLFAN ARWERTHIANT BRYNCIR CYF (REGISTERED NUMBER: 04281615) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31ST JANUARY 2023 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
CANOLFAN ARWERTHIANT BRYNCIR CYF |
COMPANY INFORMATION |
FOR THE YEAR ENDED 31ST JANUARY 2023 |
DIRECTORS: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
AUDITORS: |
Chartered Accountants |
Registered Auditors |
The Old Police Station |
Gaerwen |
Anglesey |
LL60 6BL |
CANOLFAN ARWERTHIANT BRYNCIR CYF (REGISTERED NUMBER: 04281615) |
BALANCE SHEET |
31ST JANUARY 2023 |
2023 | 2022 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
Investments | 5 |
CURRENT ASSETS |
Stocks |
Debtors | 6 |
Investments | 7 |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year | 8 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
9 |
( |
) |
( |
) |
PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital |
Capital redemption reserve |
Retained earnings |
SHAREHOLDERS' FUNDS |
CANOLFAN ARWERTHIANT BRYNCIR CYF (REGISTERED NUMBER: 04281615) |
BALANCE SHEET - continued |
31ST JANUARY 2023 |
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 |
CANOLFAN ARWERTHIANT BRYNCIR CYF (REGISTERED NUMBER: 04281615) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31ST JANUARY 2023 |
1. | STATUTORY INFORMATION |
Canolfan Arwerthiant Bryncir Cyf is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
Turnover represents net invoiced sales of goods and services, excluding value added tax. |
Tangible fixed assets |
Land and buildings | - |
Plant and machinery etc | - |
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. |
Grants |
Grants received are towards expenditure on fixed assets and are recognised in the Profit and loss account over the useful economic life of the related assets in accordance with their depreciation policy. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
CANOLFAN ARWERTHIANT BRYNCIR CYF (REGISTERED NUMBER: 04281615) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31ST JANUARY 2023 |
4. | TANGIBLE FIXED ASSETS |
Plant and |
Land and | machinery |
buildings | etc | Totals |
£ | £ | £ |
COST |
At 1st February 2022 |
Additions |
At 31st January 2023 |
DEPRECIATION |
At 1st February 2022 |
Charge for year |
At 31st January 2023 |
NET BOOK VALUE |
At 31st January 2023 |
At 31st January 2022 |
5. | FIXED ASSET INVESTMENTS |
Own |
shares |
£ |
COST |
At 1st February 2022 |
and 31st January 2023 |
NET BOOK VALUE |
At 31st January 2023 |
At 31st January 2022 |
6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2023 | 2022 |
£ | £ |
Trade debtors |
Other debtors |
7. | CURRENT ASSET INVESTMENTS |
2023 | 2022 |
£ | £ |
Bank-re Credit insurance |
CANOLFAN ARWERTHIANT BRYNCIR CYF (REGISTERED NUMBER: 04281615) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31ST JANUARY 2023 |
8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2023 | 2022 |
£ | £ |
Trade creditors |
Taxation and social security |
Other creditors |
9. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
2023 | 2022 |
£ | £ |
Other creditors |
10. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006 |
The Report of the Auditors was unqualified. |
for and on behalf of |
11. | RELATED PARTY DISCLOSURES |
1) Mr John Lloyd Williams & Mr John Huw Hughes are also the Directors of Lloyd Williams & Hughes Cyf, a company which provided professional services to Canolfan Arwerthiant Bryncir Cyf. |
During the year the following transactions / conditions existed between the parties: |
a) The company entered into transactions totalling £80,000 with Lloyd Williams & Hughes Cyf. |
b) The freehold property - the Bryncir auction site is owned as a tenant in common with Lloyd Williams & Hughes Cyf. |
2) Canolfan Arwerthiant Bryncir Cyf also provides services to its shareholders as they buy/sell livestock/machinery through the market. However, it is considered that to provide this information, the cost would be greater than the benefit. |
12. | ULTIMATE CONTROLLING PARTY |
Ultimate control of the company is held by: |
Mr J L Williams - 44% Class A |
Mr J H Hughes - 44% Class A |
Mr Iolo Pierce Ellis - 10% Class A |
Mr Arwel Vaughan Roberts - 2% Class A |
13. | AUTHORISATION OF THE ISSUE OF THE FINANCIAL STATEMENTS |
The financial statements for the year-ended 31st of January 2022 were authorised for issue on the date of the approval of the financial statements by the Directors. The authorisation for issue of the financial statements was given by the Board of Directors. |