REGISTERED NUMBER: |
T. LLOYD JONES FORGE ABERAERON LIMITED |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 28TH SEPTEMBER 2023 |
REGISTERED NUMBER: |
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: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
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 |
CURRENT ASSETS |
Stocks | 5 |
Debtors | 6 |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year |
7 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
8 |
( |
) |
( |
) |
PROVISIONS FOR LIABILITIES | 10 | ( |
) | ( |
) |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital | 11 |
Retained earnings |
SHAREHOLDERS' FUNDS |
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 |
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 |
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 |
The presentation currency of the financial statements is the Pound Sterling (£). |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
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 |
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 |
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 |
Additions |
At 28th September 2023 |
DEPRECIATION |
At 29th September 2022 |
Charge for year |
At 28th September 2023 |
NET BOOK VALUE |
At 28th September 2023 |
At 28th September 2022 |
5. | STOCKS |
2023 | 2022 |
£ | £ |
Stocks |
6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2023 | 2022 |
£ | £ |
Trade debtors |
Other debtors |
Prepayments |
7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2023 | 2022 |
£ | £ |
Bank loans and overdrafts |
Other loans |
Hire purchase contracts |
Trade creditors |
Tax |
Social security and other taxes |
VAT | 20,628 | 48,369 |
Other creditors |
Accrued expenses |
8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
2023 | 2022 |
£ | £ |
Bank loans - 1-2 years |
Bank loans - 2-5 years |
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 |
Other loans |
Hire purchase contracts | - | 15,000 |
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 |
Credit to Income Statement during year | ( |
) |
Balance at 28th September 2023 |
11. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2023 | 2022 |
value: | £ | £ |
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 |
£ | £ |
Balance outstanding at start of year |
Amounts repaid | ( |
) |
Amounts written off | - | - |
Amounts waived | - | - |
Balance outstanding at end of year |
Balance outstanding at start of year |
Amounts repaid | ( |
) |
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. |