Company Registration No. 7249511 (England and Wales)
GWESTY-GLYNARTHEN LIMITED
Unaudited accounts
for the year ended 31 May 2023
GWESTY-GLYNARTHEN LIMITED
Unaudited accounts
Contents
GWESTY-GLYNARTHEN LIMITED
Company Information
for the year ended 31 May 2023
Company Number
7249511 (England and Wales)
Registered Office
19 Cascades
Caer Ffynnon
Barry
CF62 6NS
Wales
Accountants
STAS Ltd
253 Cowbridge Road West
Cardiff
CF5 5TD
GWESTY-GLYNARTHEN LIMITED
Statement of financial position
as at 31 May 2023
Tangible assets
17,710
26,565
Investments
188,036
200,406
Cash at bank and in hand
2,205
11,744
Creditors: amounts falling due within one year
-
(3,696)
Net current assets
2,205
8,048
Total assets less current liabilities
207,951
235,019
Creditors: amounts falling due after more than one year
(430,138)
(434,963)
Net liabilities
(222,187)
(199,944)
Called up share capital
1
1
Revaluation reserve
(39,832)
(36,579)
Profit and loss account
(182,356)
(163,366)
Shareholders' funds
(222,187)
(199,944)
For the year ending 31 May 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 14 February 2024 and were signed on its behalf by
Richard Price
Director
Company Registration No. 7249511
GWESTY-GLYNARTHEN LIMITED
Notes to the Accounts
for the year ended 31 May 2023
GWESTY-GLYNARTHEN LIMITED is a private company, limited by shares, registered in England and Wales, registration number 7249511. The registered office is 19 Cascades, Caer Ffynnon, Barry, CF62 6NS, Wales.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Motor vehicles
GWESTY-GLYNARTHEN LIMITED
Notes to the Accounts
for the year ended 31 May 2023
5
Investments
Other investments
Valuation at 1 June 2022
200,406
Fair value adjustments
(3,253)
Valuation at 31 May 2023
188,036
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
-
3,518
7
Creditors: amounts falling due after more than one year
2023
2022
Loans from directors
430,138
419,471
8
Average number of employees
During the year the average number of employees was 0 (2022: 0).