IRIS Accounts Production v23.3.1.45 06301506 director 1.8.22 31.7.23 31.7.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure063015062022-07-31063015062023-07-31063015062022-08-012023-07-31063015062021-07-31063015062021-08-012022-07-31063015062022-07-3106301506ns16:EnglandWales2022-08-012023-07-3106301506ns15:PoundSterling2022-08-012023-07-3106301506ns11:Director12022-08-012023-07-3106301506ns11:PrivateLimitedCompanyLtd2022-08-012023-07-3106301506ns11:SmallEntities2022-08-012023-07-3106301506ns11:AuditExempt-NoAccountantsReport2022-08-012023-07-3106301506ns11:SmallCompaniesRegimeForDirectorsReport2022-08-012023-07-3106301506ns11:SmallCompaniesRegimeForAccounts2022-08-012023-07-3106301506ns11:FullAccounts2022-08-012023-07-3106301506ns11:CompanySecretary12022-08-012023-07-3106301506ns11:RegisteredOffice2022-08-012023-07-3106301506ns6:CurrentFinancialInstruments2023-07-3106301506ns6:CurrentFinancialInstruments2022-07-3106301506ns6:Non-currentFinancialInstruments2023-07-3106301506ns6:Non-currentFinancialInstruments2022-07-3106301506ns6:ShareCapital2023-07-3106301506ns6:ShareCapital2022-07-3106301506ns6:RetainedEarningsAccumulatedLosses2023-07-3106301506ns6:RetainedEarningsAccumulatedLosses2022-07-3106301506ns6:PlantMachinery2022-08-012023-07-3106301506ns6:PlantMachinery2022-07-3106301506ns6:PlantMachinery2023-07-3106301506ns6:PlantMachinery2022-07-3106301506ns6:PlantMachineryns6:LeasedAssetsHeldAsLessee2022-07-3106301506ns6:PlantMachineryns6:LeasedAssetsHeldAsLessee2023-07-3106301506ns6:PlantMachineryns6:LeasedAssetsHeldAsLessee2022-07-3106301506ns6:WithinOneYearns6:CurrentFinancialInstruments2023-07-3106301506ns6:WithinOneYearns6:CurrentFinancialInstruments2022-07-3106301506ns6:Secured2023-07-3106301506ns6:Secured2022-07-31
REGISTERED NUMBER: 06301506 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 July 2023

for

Cambrian Foundry Newtown Limited

Cambrian Foundry Newtown Limited (Registered number: 06301506)

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


Cambrian Foundry Newtown Limited

Company Information
for the Year Ended 31 July 2023







DIRECTOR: B M Hughes





SECRETARY: Mrs J L Hughes





REGISTERED OFFICE: Cross Chambers
9 High Street
Newtown
Powys
SY16 2NY





REGISTERED NUMBER: 06301506 (England and Wales)





ACCOUNTANTS: Morgan Griffiths LLP
Chartered Accountants
Cross Chambers
9 High Street
Newtown
Powys
SY16 2NY

Cambrian Foundry Newtown Limited (Registered number: 06301506)

Balance Sheet
31 July 2023

31.7.23 31.7.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 86,334 88,418

CURRENT ASSETS
Stocks 59,885 63,979
Debtors 5 74,392 120,289
Cash at bank and in hand 36,712 208
170,989 184,476
CREDITORS
Amounts falling due within one year 6 159,357 189,198
NET CURRENT ASSETS/(LIABILITIES) 11,632 (4,722 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

97,966

83,696

CREDITORS
Amounts falling due after more than one
year

7

(70,902

)

(63,195

)

PROVISIONS FOR LIABILITIES (12,964 ) (8,436 )
NET ASSETS 14,100 12,065

CAPITAL AND RESERVES
Called up share capital 210 210
Retained earnings 13,890 11,855
SHAREHOLDERS' FUNDS 14,100 12,065

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 director acknowledges his 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.

Cambrian Foundry Newtown Limited (Registered number: 06301506)

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 28 February 2024 and were signed by:





B M Hughes - Director


Cambrian Foundry Newtown Limited (Registered number: 06301506)

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


1. STATUTORY INFORMATION

Cambrian Foundry Newtown 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 represents work done, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 25% on reducing balance and 10% on reducing balance

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Cambrian Foundry Newtown Limited (Registered number: 06301506)

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


2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss 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 6 (2022 - 5 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 August 2022 147,562
Additions 6,847
At 31 July 2023 154,409
DEPRECIATION
At 1 August 2022 59,144
Charge for year 8,931
At 31 July 2023 68,075
NET BOOK VALUE
At 31 July 2023 86,334
At 31 July 2022 88,418

Cambrian Foundry Newtown Limited (Registered number: 06301506)

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


4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 August 2022
and 31 July 2023 58,163
DEPRECIATION
At 1 August 2022
and 31 July 2023 28,142
NET BOOK VALUE
At 31 July 2023 30,021
At 31 July 2022 30,021

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Trade debtors 67,995 81,089
Other debtors 6,397 39,200
74,392 120,289

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Bank loans and overdrafts 12,000 35,595
Hire purchase contracts - 5,377
Trade creditors 62,114 80,804
Taxation and social security 1,981 2,146
Other creditors 83,262 65,276
159,357 189,198

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.7.23 31.7.22
£    £   
Bank loans 22,000 34,000
Other creditors 48,902 29,195
70,902 63,195

Cambrian Foundry Newtown Limited (Registered number: 06301506)

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


8. SECURED DEBTS

The following secured debts are included within creditors:

31.7.23 31.7.22
£    £   
Bank overdraft - 23,595
Hire purchase contracts - 5,377
- 28,972

The bank overdraft is secured by a charge on the company's assets and by the personal guarantee of the director.