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REGISTERED NUMBER: 04512849 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

FOR

WILLIAMS DENTON CYF

WILLIAMS DENTON CYF (REGISTERED NUMBER: 04512849)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023










Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


WILLIAMS DENTON CYF

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTORS: Mrs J Jones
Mr C Bell
Mr M S Barrett
Mr O Ap Elfed
Mr P M Davies





SECRETARY: Mrs J Jones





REGISTERED OFFICE: Glaslyn Ffordd Y Parc
Parc Menai
Bangor
Gwynedd
LL57 4FE





REGISTERED NUMBER: 04512849 (England and Wales)





ACCOUNTANTS: Williams Denton Cyf
Chartered Certified Accountants
Glaslyn
Ffordd y Parc
Parc Menai
Bangor
Gwynedd
LL57 4FE

WILLIAMS DENTON CYF (REGISTERED NUMBER: 04512849)

ABRIDGED BALANCE SHEET
31 MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 759,925 759,925
Tangible assets 5 1,016,501 1,018,514
1,776,426 1,778,439

CURRENT ASSETS
Stocks 300 300
Debtors 171,398 194,084
Cash at bank and in hand 407 3,059
172,105 197,443
CREDITORS
Amounts falling due within one year 413,618 463,443
NET CURRENT LIABILITIES (241,513 ) (266,000 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,534,913

1,512,439

CREDITORS
Amounts falling due after more than one
year

6

(719,525

)

(596,661

)

PROVISIONS FOR LIABILITIES (22,700 ) (21,940 )
NET ASSETS 792,688 893,838

CAPITAL AND RESERVES
Called up share capital 11,480 13,720
Capital redemption reserve 2,950 710
Retained earnings 778,258 879,408
SHAREHOLDERS' FUNDS 792,688 893,838

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

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

WILLIAMS DENTON CYF (REGISTERED NUMBER: 04512849)

ABRIDGED BALANCE SHEET - continued
31 MARCH 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 March 2023 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 17 October 2023 and were signed on its behalf by:





Mr C Bell - Director


WILLIAMS DENTON CYF (REGISTERED NUMBER: 04512849)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023


1. STATUTORY INFORMATION

Williams Denton 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 services, excluding value added tax, except in respect of service contracts where turnover is recognised when the company obtains the right to consideration..

Goodwill
Goodwill is not amortised annually as required by FRS102 as an annual review is carried out to consider the market value of Goodwill.

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
Plant and machinery etc - 25% on reducing balance and 15% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

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 43 (2022 - 42 ) .

WILLIAMS DENTON CYF (REGISTERED NUMBER: 04512849)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023


4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2022
and 31 March 2023 759,925
NET BOOK VALUE

At 31 March 2023 759,925
At 31 March 2022 759,925

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2022 1,077,234
Additions 7,438
At 31 March 2023 1,084,672
DEPRECIATION
At 1 April 2022 58,720
Charge for year 9,451
At 31 March 2023 68,171
NET BOOK VALUE
At 31 March 2023 1,016,501
At 31 March 2022 1,018,514

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE
YEARS
2023 2022
£    £   
Repayable by instalments
Bank loans more 5 yr by instal 288,922 232,118

Other long term creditors are amounts owed to the directors on interest free loans.

WILLIAMS DENTON CYF (REGISTERED NUMBER: 04512849)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023


7. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank overdrafts 88,393 145,342
Bank loans 664,598 596,661
752,991 742,003