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REGISTERED NUMBER: 03233045 (England and Wales)















T. LLOYD JONES FORGE ABERAERON LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28TH SEPTEMBER 2023






T. LLOYD JONES FORGE ABERAERON LIMITED (REGISTERED NUMBER: 03233045)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28TH SEPTEMBER 2023




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 7


T. LLOYD JONES FORGE ABERAERON LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 28TH SEPTEMBER 2023







DIRECTORS: J A Jones
B K Jones





SECRETARY: J A Jones





REGISTERED OFFICE: Ffosyffin
Aberaeron
Ceridigion
SA46 0HA





REGISTERED NUMBER: 03233045 (England and Wales)





ACCOUNTANTS: Johns Jones & Lo Limited
Chartered Accountants & Registered Auditors
16 Lambourne Crescent
Cardiff Business Park
Llanishen
Cardiff
CF14 5GF

T. LLOYD JONES FORGE ABERAERON LIMITED (REGISTERED NUMBER: 03233045)

BALANCE SHEET
28TH SEPTEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 16,425 22,376

CURRENT ASSETS
Stocks 5 1,091,260 778,915
Debtors 6 966,931 994,546
Cash at bank and in hand 40,446 52,564
2,098,637 1,826,025
CREDITORS
Amounts falling due within one
year

7

773,873

579,806
NET CURRENT ASSETS 1,324,764 1,246,219
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,341,189

1,268,595

CREDITORS
Amounts falling due after more
than one year

8

(66,667

)

(106,667

)

PROVISIONS FOR LIABILITIES 10 (3,207 ) (3,899 )
NET ASSETS 1,271,315 1,158,029

CAPITAL AND RESERVES
Called up share capital 11 200 200
Retained earnings 1,271,115 1,157,829
SHAREHOLDERS' FUNDS 1,271,315 1,158,029

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

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

T. LLOYD JONES FORGE ABERAERON LIMITED (REGISTERED NUMBER: 03233045)

BALANCE SHEET - continued
28TH SEPTEMBER 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 24th November 2023 and were signed on its behalf by:





J A Jones - Director


T. LLOYD JONES FORGE ABERAERON LIMITED (REGISTERED NUMBER: 03233045)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28TH SEPTEMBER 2023

1. STATUTORY INFORMATION

T. Lloyd Jones Forge Aberaeron 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 Equipment 12.5% - 25% Straight Line
Fixtures and Fittings 15% - Straight Line

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2022 - 17 ) .

T. LLOYD JONES FORGE ABERAERON LIMITED (REGISTERED NUMBER: 03233045)

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

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 29th September 2022 261,495 43,653 10,000 315,148
Additions 7,191 - - 7,191
At 28th September 2023 268,686 43,653 10,000 322,339
DEPRECIATION
At 29th September 2022 241,512 41,260 10,000 292,772
Charge for year 12,391 751 - 13,142
At 28th September 2023 253,903 42,011 10,000 305,914
NET BOOK VALUE
At 28th September 2023 14,783 1,642 - 16,425
At 28th September 2022 19,983 2,393 - 22,376

5. STOCKS
2023 2022
£    £   
Stocks 1,091,260 778,915

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 135,646 179,960
Other debtors 714,481 713,863
Prepayments 116,804 100,723
966,931 994,546

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 326,584 97,925
Other loans 42,767 69,287
Hire purchase contracts - 15,000
Trade creditors 93,907 58,186
Tax 33,148 31,169
Social security and other
taxes

11,109

12,679
VAT 20,628 48,369
Other creditors 94,879 105,694
Accrued expenses 150,851 141,497
773,873 579,806

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans - 1-2 years 66,667 80,000
Bank loans - 2-5 years - 26,667
66,667 106,667

T. LLOYD JONES FORGE ABERAERON LIMITED (REGISTERED NUMBER: 03233045)

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

9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank overdrafts 286,584 57,925
Other loans 42,767 69,287
Hire purchase contracts - 15,000
329,351 142,212

The hire purchase liabilities are secured against the assets to which they relate.

Included within other creditors are stocking finance liabilities of £42,767 (2022- £69,287) that are secured against the stock.

10. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 3,207 3,899

Deferred
tax
£   
Balance at 29th September 2022 3,899
Credit to Income Statement during year (692 )
Balance at 28th September 2023 3,207

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
200 ordinary £1 200 200

12. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

2023 2022
£    £   
J A Jones
Balance outstanding at start of year - 4,328
Amounts repaid - (4,328 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

B K Jones
Balance outstanding at start of year - 3,382
Amounts repaid - (3,382 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

T. LLOYD JONES FORGE ABERAERON LIMITED (REGISTERED NUMBER: 03233045)

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

13. RELATED PARTY DISCLOSURES

Included in other debtors is a balance of £714,481 (2022 £713,863) due from T Lloyd Jones Forge (Holdings) Limited.
Included in trade creditors is a balance of £9,000 due to T Lloyd Jones Forge (Holdings)) Limited.
TLloyd Jones Forge Aberaeron Limited was charged £9,000 rent during the year by T Lloyd Jones Forge (Holdings) Limited.

14. ULTIMATE CONTROLLING PARTY

The ultimate controlling party are the directors who are the shareholders and directors of the holding company T Lloyd Jones Forge (Holdings) Limited.