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REGISTERED NUMBER: 12268993 (England and Wales)















Unaudited Financial Statements for the Year Ended 31st March 2023

for

Tyddyn Fechan Cyfyngedig

Tyddyn Fechan Cyfyngedig (Registered number: 12268993)






Contents of the Financial Statements
for the Year Ended 31st March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Tyddyn Fechan Cyfyngedig

Company Information
for the Year Ended 31st March 2023







DIRECTORS: Mr S L Owen
Mrs E W Owen





REGISTERED OFFICE: Adeilad St Davids Building
Lombard Street
Porthmadog
LL49 9AP





REGISTERED NUMBER: 12268993 (England and Wales)





ACCOUNTANTS: Dunn & Ellis Cyf
Chartered Accountants
Adeilad St David's Building
Stryd Lombard Street
Porthmadog
Gwynedd
LL49 9AP

Tyddyn Fechan Cyfyngedig (Registered number: 12268993)

Balance Sheet
31st March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 7,115 8,412

CURRENT ASSETS
Stocks 89,280 42,514
Cash at bank and in hand 35,975 19,845
125,255 62,359
CREDITORS
Amounts falling due within one year 5 129,159 68,722
NET CURRENT LIABILITIES (3,904 ) (6,363 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,211

2,049

PROVISIONS FOR LIABILITIES 1,352 1,598
NET ASSETS 1,859 451

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,759 351
SHAREHOLDERS' FUNDS 1,859 451

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 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.

Tyddyn Fechan Cyfyngedig (Registered number: 12268993)

Balance Sheet - continued
31st March 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 3rd November 2023 and were signed on its behalf by:




Mr S L Owen - Director



Mrs E W Owen - Director


Tyddyn Fechan Cyfyngedig (Registered number: 12268993)

Notes to the Financial Statements
for the Year Ended 31st March 2023

1. STATUTORY INFORMATION

Tyddyn Fechan Cyfyngedig 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.
Plant and machinery etc - 20% on reducing balance

Fixed assets are stated at their cost prices, less accumulated depreciation and less amounts recognised in respect of impairment.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Biological assets, living plants and animals are included at the lower of cost and estimated selling price less cost to sell.

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.

Tyddyn Fechan Cyfyngedig (Registered number: 12268993)

Notes to the Financial Statements - continued
for the Year Ended 31st March 2023

2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st April 2022 10,515
Additions 482
At 31st March 2023 10,997
DEPRECIATION
At 1st April 2022 2,103
Charge for year 1,779
At 31st March 2023 3,882
NET BOOK VALUE
At 31st March 2023 7,115
At 31st March 2022 8,412

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade creditors 49,241 45,803
Taxation and social security 12,086 -
Other creditors 67,832 22,919
129,159 68,722

6. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The directors' loan accounts were in credit throughout the year.

7. RELATED PARTY DISCLOSURES

During the year, total dividends of £50,000 (2022 - £8,500) were paid to the directors .

During the year, the company paid £68,258 in rent to Mr & Mrs S Owen, a partnership in which the directors are also partners.