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REGISTERED NUMBER: 09454473 (England and Wales)















Unaudited Financial Statements for the Year Ended 28th February 2023

for

Bryn Pritchard Ltd

Bryn Pritchard Ltd (Registered number: 09454473)






Contents of the Financial Statements
for the Year Ended 28th February 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Bryn Pritchard Ltd

Company Information
for the Year Ended 28th February 2023







DIRECTORS: B Pritchard
Mrs D Pritchard





SECRETARY:





REGISTERED OFFICE: Bryn Awelon
Garndolbenmaen
Gwynedd
LL51 9UJ





REGISTERED NUMBER: 09454473 (England and Wales)





ACCOUNTANTS: A.Hughes-Jones, Dyson & Co.
Capel Moreia
South Penrallt
Caernarfon
Gwynedd
LL55 1NS

Bryn Pritchard Ltd (Registered number: 09454473)

Balance Sheet
28th February 2023

28.2.23 28.2.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 241,842 277,173

CURRENT ASSETS
Stocks 83,939 65,851
Debtors 5 85,098 67,229
Cash at bank 13,455 10,330
182,492 143,410
CREDITORS
Amounts falling due within one year 6 121,887 173,472
NET CURRENT ASSETS/(LIABILITIES) 60,605 (30,062 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

302,447

247,111

CREDITORS
Amounts falling due after more than one
year

7

173,333

46,848
NET ASSETS 129,114 200,263

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 129,014 200,163
129,114 200,263

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

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

Bryn Pritchard Ltd (Registered number: 09454473)

Balance Sheet - continued
28th February 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 29th November 2023 and were signed on its behalf by:





B Pritchard - Director


Bryn Pritchard Ltd (Registered number: 09454473)

Notes to the Financial Statements
for the Year Ended 28th February 2023

1. STATUTORY INFORMATION

Bryn Pritchard Ltd 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 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 and 15% on reducing balance

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2022 - 11 ) .

Bryn Pritchard Ltd (Registered number: 09454473)

Notes to the Financial Statements - continued
for the Year Ended 28th February 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st March 2022 392,462
Additions 68,734
Disposals (101,540 )
At 28th February 2023 359,656
DEPRECIATION
At 1st March 2022 115,289
Charge for year 26,931
Eliminated on disposal (24,406 )
At 28th February 2023 117,814
NET BOOK VALUE
At 28th February 2023 241,842
At 28th February 2022 277,173

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Trade debtors 73,858 64,078
Other debtors 11,240 3,151
85,098 67,229

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Bank loans and overdrafts 923 -
Hire purchase contracts 39,832 115,433
Trade creditors 5,538 17,113
Taxation and social security 71,404 35,659
Other creditors 4,190 5,267
121,887 173,472

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
28.2.23 28.2.22
£    £   
Hire purchase contracts - 6,300
Other creditors 173,333 40,548
173,333 46,848