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REGISTERED NUMBER: 04281615 (England and Wales)















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: Mr John Huw Hughes
Mr John Lloyd Williams
Mr Iolo Pierce Ellis





SECRETARY: Mr John Lloyd Williams





REGISTERED OFFICE: The Old Police Station
Gaerwen
Anglesey
Gwynedd
LL60 6BL





REGISTERED NUMBER: 04281615 (England and Wales)





AUDITORS: Richard Williams & Co.
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 4 225,091 223,661
Investments 5 5,200 5,200
230,291 228,861

CURRENT ASSETS
Stocks 1,812 1,833
Debtors 6 675,061 676,412
Investments 7 92,036 91,821
Cash at bank and in hand 412,850 340,464
1,181,759 1,110,530
CREDITORS
Amounts falling due within one year 8 245,147 251,437
NET CURRENT ASSETS 936,612 859,093
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,166,903

1,087,954

CREDITORS
Amounts falling due after more than one
year

9

(86,318

)

(97,498

)

PROVISIONS FOR LIABILITIES (26,164 ) (26,164 )
NET ASSETS 1,054,421 964,292

CAPITAL AND RESERVES
Called up share capital 129,601 129,601
Capital redemption reserve 1,500 1,500
Retained earnings 923,320 833,191
SHAREHOLDERS' FUNDS 1,054,421 964,292

CANOLFAN ARWERTHIANT BRYNCIR CYF (REGISTERED NUMBER: 04281615)

BALANCE SHEET - continued
31ST JANUARY 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 30th October 2023 and were signed on its behalf by:




Mr John Huw Hughes - Director Mr John Lloyd Williams - Director




Mr Iolo Pierce Ellis - Director


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 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 represents net invoiced sales of goods and services, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - not provided and Straight line over 25 years
Plant and machinery etc - 20% on reducing balance, 15% on reducing balance, 5% on reducing balance and Straight line over 25 years

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 4 (2022 - 2 ) .

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 48,039 336,881 384,920
Additions - 4,855 4,855
At 31st January 2023 48,039 341,736 389,775
DEPRECIATION
At 1st February 2022 15,646 145,613 161,259
Charge for year 784 2,641 3,425
At 31st January 2023 16,430 148,254 164,684
NET BOOK VALUE
At 31st January 2023 31,609 193,482 225,091
At 31st January 2022 32,393 191,268 223,661

5. FIXED ASSET INVESTMENTS
Own
shares
£   
COST
At 1st February 2022
and 31st January 2023 5,200
NET BOOK VALUE
At 31st January 2023 5,200
At 31st January 2022 5,200

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 561,336 573,643
Other debtors 113,725 102,769
675,061 676,412

7. CURRENT ASSET INVESTMENTS
2023 2022
£    £   
Bank-re Credit insurance 92,036 91,821

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 4,855 42,570
Taxation and social security 30,627 21,136
Other creditors 209,665 187,731
245,147 251,437

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Other creditors 86,318 97,498

10. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Richard Williams (Senior Statutory Auditor)
for and on behalf of Richard Williams & Co.

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.