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REGISTERED NUMBER: 12730926 (Wales)















Unaudited Financial Statements for the Year Ended 31 July 2023

for

Eryri Cydweithredol - Eryri Co-operative
Cyf

Eryri Cydweithredol - Eryri Co-operative
Cyf (Registered number: 12730926)






Contents of the Financial Statements
for the Year Ended 31 July 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 7

Eryri Cydweithredol - Eryri Co-operative
Cyf

Company Information
for the Year Ended 31 July 2023







DIRECTORS: Ms A T M Hilliard
Ms G M Hughes
Mr D W Worrall





REGISTERED OFFICE: Penrhiw
Dinorwic
Caernarfon
Gwynedd
LL55 3EH





REGISTERED NUMBER: 12730926 (Wales)





ACCOUNTANTS: Emyr Mortimer Cyf
32 Y Maes
Caernarfon
Gwynedd
LL55 2NN

Eryri Cydweithredol - Eryri Co-operative
Cyf (Registered number: 12730926)

Balance Sheet
31 July 2023

31.7.23 31.7.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,746 4,682

CURRENT ASSETS
Debtors 5 7,325 -
Cash at bank 20,220 60,567
27,545 60,567
CREDITORS
Amounts falling due within one year 6 31,291 65,249
NET CURRENT LIABILITIES (3,746 ) (4,682 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

-

-


RESERVES - -

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

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

Eryri Cydweithredol - Eryri Co-operative
Cyf (Registered number: 12730926)

Balance Sheet - continued
31 July 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 13 October 2023 and were signed on its behalf by:




Mr D W Worrall - Director Ms A T M Hilliard - Director




Ms G M Hughes - Director


Eryri Cydweithredol - Eryri Co-operative
Cyf (Registered number: 12730926)

Notes to the Financial Statements
for the Year Ended 31 July 2023

1. STATUTORY INFORMATION

Eryri Cydweithredol - Eryri Co-operative Cyf is a private company, limited by guarantee , registered in 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.

Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Debt instruments are subsequently measured at amortised cost.

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.


Eryri Cydweithredol - Eryri Co-operative
Cyf (Registered number: 12730926)

Notes to the Financial Statements - continued
for the Year Ended 31 July 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 surplus or deficit 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 11 (2022 - 3 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 August 2022
and 31 July 2023 5,963
DEPRECIATION
At 1 August 2022 1,281
Charge for year 936
At 31 July 2023 2,217
NET BOOK VALUE
At 31 July 2023 3,746
At 31 July 2022 4,682

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

Eryri Cydweithredol - Eryri Co-operative
Cyf (Registered number: 12730926)

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

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Trade debtors 7,325 -

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Taxation and social security 407 505
Other creditors 30,884 64,744
31,291 65,249

Other creditors include £29,841 (2022: £63,899) of deferred grant income. Grants totalling nil received in the year, but with £34,058 released to the income statement from the deferred balance (£33,122 in turnover and £936 against depreciation of assets).

7. RELATED PARTY DISCLOSURES

The directors have considered the requirements regarding related party disclosure, and deem the only disclosure to be that the company owes a total of £150 (2022: £150) to them.

8. LIMITED BY GUARANTEE

The company is limited by guarantee. Each member is liable for up to £1 in the case of winding up the company.

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Eryri Cydweithredol - Eryri Co-operative
Cyf

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 Report of the Directors 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 financial statements of Eryri Cydweithredol - Eryri Co-operative Cyf for the year ended 31 July 2023 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Eryri Cydweithredol - Eryri Co-operative Cyf, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Eryri Cydweithredol - Eryri Co-operative Cyf and state those matters that we have agreed to state to the Board of Directors of Eryri Cydweithredol - Eryri Co-operative Cyf, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Eryri Cydweithredol - Eryri Co-operative Cyf and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Eryri Cydweithredol - Eryri Co-operative Cyf has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Eryri Cydweithredol - Eryri Co-operative Cyf. You consider that Eryri Cydweithredol - Eryri Co-operative Cyf is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Eryri Cydweithredol - Eryri Co-operative Cyf. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Emyr Mortimer Cyf
32 Y Maes
Caernarfon
Gwynedd
LL55 2NN


16 November 2023