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REGISTERED NUMBER: 02280011 (England and Wales)















Unaudited Financial Statements for the Year Ended 28th February 2023

for

Llechwedd Trading Limited

Llechwedd Trading Limited (Registered number: 02280011)






Contents of the Financial Statements
for the Year Ended 28th February 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Llechwedd Trading Limited

Company Information
for the Year Ended 28th February 2023







DIRECTORS: Mrs J W Griffiths
Mrs D W Lewis
Mr N F Roberts
Mr N F Roberts
Mr C J Roberts
Mr L Rushton





SECRETARY: Mrs C W Roberts





REGISTERED OFFICE: 2 High Street
Menai Bridge
Anglesey
LL59 5EE





REGISTERED NUMBER: 02280011 (England and Wales)





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

Llechwedd Trading Limited (Registered number: 02280011)

Balance Sheet
28th February 2023

28.2.23 28.2.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 4,452 5,936
Tangible assets 5 1,444,156 1,444,865
1,448,608 1,450,801

CURRENT ASSETS
Stocks 311,000 372,000
Debtors 6 166,639 360,349
Cash at bank and in hand 554,887 551,517
1,032,526 1,283,866
CREDITORS
Amounts falling due within one year 7 472,298 604,189
NET CURRENT ASSETS 560,228 679,677
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,008,836

2,130,478

CREDITORS
Amounts falling due after more than one year 8 (200,516 ) (247,984 )

PROVISIONS FOR LIABILITIES (61,370 ) (49,588 )
NET ASSETS 1,746,950 1,832,906

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,746,850 1,832,806
1,746,950 1,832,906

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28th February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28th February 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.

Llechwedd Trading Limited (Registered number: 02280011)

Balance Sheet - continued
28th February 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 N F Roberts - Director


Llechwedd Trading Limited (Registered number: 02280011)

Notes to the Financial Statements
for the Year Ended 28th February 2023

1. STATUTORY INFORMATION

Llechwedd Trading Limited 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.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of five years.

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 - 4% on cost and 2% on cost
Plant and machinery etc - 20% on cost, 15% on cost and 10% on cost

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.

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.


Llechwedd Trading Limited (Registered number: 02280011)

Notes to the Financial Statements - continued
for the Year Ended 28th February 2023

2. ACCOUNTING POLICIES - continued
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 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 51 (2022 - 52 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1st March 2022
and 28th February 2023 7,420
AMORTISATION
At 1st March 2022 1,484
Charge for year 1,484
At 28th February 2023 2,968
NET BOOK VALUE
At 28th February 2023 4,452
At 28th February 2022 5,936

Llechwedd Trading Limited (Registered number: 02280011)

Notes to the Financial Statements - continued
for the Year Ended 28th February 2023

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1st March 2022 1,361,586 1,632,387 2,993,973
Additions - 187,441 187,441
Disposals - (13,790 ) (13,790 )
At 28th February 2023 1,361,586 1,806,038 3,167,624
DEPRECIATION
At 1st March 2022 256,584 1,292,524 1,549,108
Charge for year 13,927 169,054 182,981
Eliminated on disposal - (8,621 ) (8,621 )
At 28th February 2023 270,511 1,452,957 1,723,468
NET BOOK VALUE
At 28th February 2023 1,091,075 353,081 1,444,156
At 28th February 2022 1,105,002 339,863 1,444,865

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Trade debtors 142,723 139,020
Other debtors 23,916 221,329
166,639 360,349

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Bank loans and overdrafts 61,068 58,937
Hire purchase contracts 7,684 13,284
Trade creditors 363,099 426,211
Taxation and social security 10,395 42,027
Other creditors 30,052 63,730
472,298 604,189

Llechwedd Trading Limited (Registered number: 02280011)

Notes to the Financial Statements - continued
for the Year Ended 28th February 2023

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
28.2.23 28.2.22
£    £   
Bank loans 184,882 243,503
Hire purchase contracts 15,634 4,481
200,516 247,984

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 16,369 38,060

9. SECURED DEBTS

The following secured debts are included within creditors:

28.2.23 28.2.22
£    £   
Lloyds Bank plc. 245,950 302,440

Details of the securities included on these balances can be found on the Companies House website.

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 28th February 2023 and 28th February 2022:

28.2.23 28.2.22
£    £   
Mr N F Roberts
Balance outstanding at start of year 49,505 -
Amounts advanced - 49,505
Amounts repaid (49,810 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (305 ) 49,505

Mr N F Roberts
Balance outstanding at start of year 103,893 -
Amounts advanced - 103,893
Amounts repaid (103,893 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 103,893

Llechwedd Trading Limited (Registered number: 02280011)

Notes to the Financial Statements - continued
for the Year Ended 28th February 2023

11. RELATED PARTY DISCLOSURES

During the year, total dividends of £72,900 (2022 - £76,950) were paid to the directors .