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REGISTERED NUMBER: 04679440 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2023

FOR

BYSUS LEWIS-Y-LLAN CYFYNGEDIG

BYSUS LEWIS-Y-LLAN CYFYNGEDIG (REGISTERED NUMBER: 04679440)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023




Page

Company information 1

Balance sheet 2

Notes to the financial statements 4

Chartered certified accountants' report 8

BYSUS LEWIS-Y-LLAN CYFYNGEDIG

COMPANY INFORMATION
FOR THE YEAR ENDED 28 FEBRUARY 2023







DIRECTORS: A H Lewis
D A Lewis





SECRETARY: R M Lewis





REGISTERED OFFICE: 2 Llys Onnen
Ffordd y Llyn
Parc Menai
Bangor
Gwynedd
LL57 4DF





REGISTERED NUMBER: 04679440 (England and Wales)





ACCOUNTANTS: Fraser Wood Limited
Chartered Certified Accountants
2 Llys Onnen
Ffordd Y Llyn
Parc Menai
Bangor
Gwynedd
LL57 4DF

BYSUS LEWIS-Y-LLAN CYFYNGEDIG (REGISTERED NUMBER: 04679440)

BALANCE SHEET
28 FEBRUARY 2023

28.2.23 28.2.22
Notes £    £   
FIXED ASSETS
Intangible assets 4 38,250 51,000
Tangible assets 5 65,055 61,413
103,305 112,413

CURRENT ASSETS
Stocks 200 200
Debtors 6 95,989 57,035
Cash at bank 191,870 173,231
288,059 230,466
CREDITORS
Amounts falling due within one year 7 (137,592 ) (160,292 )
NET CURRENT ASSETS 150,467 70,174
TOTAL ASSETS LESS CURRENT
LIABILITIES

253,772

182,587

PROVISIONS FOR LIABILITIES (11,508 ) (9,727 )
NET ASSETS 242,264 172,860

BYSUS LEWIS-Y-LLAN CYFYNGEDIG (REGISTERED NUMBER: 04679440)

BALANCE SHEET - continued
28 FEBRUARY 2023

28.2.23 28.2.22
Notes £    £   
CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 242,164 172,760
SHAREHOLDERS' FUNDS 242,264 172,860

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

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

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 16 October 2023 and were signed on its behalf by:





A H Lewis - Director


BYSUS LEWIS-Y-LLAN CYFYNGEDIG (REGISTERED NUMBER: 04679440)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

1. STATUTORY INFORMATION

Bysus Lewis-Y-Llan 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 represents amounts receivable for public transport services and tour operating.

Goodwill
Acquired goodwill is written off in equal annual instalments over its estimated useful economic life.

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 - 25% on reducing balance and 15% on reducing balance

Government grants
Grantsare accounted for under the accrual modelandare credited to deferred revenue.
Grants towards capital expenditure are released to theprofit & lossaccount over the expected useful life of the assets.

Grants towards revenue expenditure arereleased to the profit and loss account as the related expenditure is incurredfurthermore,grantswhich becomes receivable as compensation for expenses or losses already incurred, or for the purpose of giving immediate financial support to the entity with no future related costs shall be recognised in income in the period in which it becomes receivable.

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.


BYSUS LEWIS-Y-LLAN CYFYNGEDIG (REGISTERED NUMBER: 04679440)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 16 (2022 - 14 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 March 2022
and 28 February 2023 150,000
AMORTISATION
At 1 March 2022 99,000
Charge for year 12,750
At 28 February 2023 111,750
NET BOOK VALUE
At 28 February 2023 38,250
At 28 February 2022 51,000

BYSUS LEWIS-Y-LLAN CYFYNGEDIG (REGISTERED NUMBER: 04679440)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 March 2022 384,338
Additions 26,266
Disposals (30,899 )
At 28 February 2023 379,705
DEPRECIATION
At 1 March 2022 322,925
Charge for year 19,740
Eliminated on disposal (28,015 )
At 28 February 2023 314,650
NET BOOK VALUE
At 28 February 2023 65,055
At 28 February 2022 61,413

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Trade debtors 88,383 54,079
Other debtors 7,606 2,956
95,989 57,035

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Bank loans and overdrafts - 46,296
Trade creditors 22,214 14,737
Taxation and social security 32,595 29,827
Other creditors 82,783 69,432
137,592 160,292

BYSUS LEWIS-Y-LLAN CYFYNGEDIG (REGISTERED NUMBER: 04679440)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023

8. SECURED DEBTS

The following secured debts are included within creditors:

28.2.23 28.2.22
£    £   
Bank loans - 46,296

9. TRANSACTIONS WITH DIRECTORS

The directors loans £77,188 ( 28.2.22 - £65,480 ) are included in creditors falling due within one year.

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is A. H. Lewis, a director with a majority shareholding.

CHARTERED CERTIFIED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
BYSUS LEWIS-Y-LLAN CYFYNGEDIG

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance sheet. Readers are cautioned that the Income statement and certain other primary statements and the Directors' report are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006 we have prepared for your approval the accounts of Bysus Lewis-Y-Llan Cyfyngedig for the year ended 28 February 2023 from the Company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://rulebook.accaglobal.com.

Our work has been undertaken in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163.






Fraser Wood Limited
Chartered Certified Accountants
2 Llys Onnen
Ffordd Y Llyn
Parc Menai
Bangor
Gwynedd
LL57 4DF


16 October 2023