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REGISTERED NUMBER: 02814634 (England and Wales)












TELEDU TELESGOP CYF

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 DECEMBER 2023






TELEDU TELESGOP CYF (REGISTERED NUMBER: 02814634)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Chartered Accountants' Report 6

TELEDU TELESGOP CYF

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: Ms E Rhys
Mr W D Davies
Mr R M Rees
Ms F M Rees



SECRETARY: Mr R M Rees



REGISTERED OFFICE: C/O Bevan Buckland LLP
Ground Floor, Cardigan House
Swansea
SA7 9LA



REGISTERED NUMBER: 02814634 (England and Wales)



ACCOUNTANTS: Bevan Buckland LLP
Ground Floor Cardigan House
Castle Court
Swansea Enterprise Park
Swansea
SA7 9LA



BANKERS: Barclays Bank plc
9-10 Guildhall Square
Carmarthen
Carmarthenshire
SA31 1PN

TELEDU TELESGOP CYF (REGISTERED NUMBER: 02814634)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 61,043 76,787

CURRENT ASSETS
Debtors 5 46,423 275,944
Cash at bank 234,987 282,604
281,410 558,548
CREDITORS
Amounts falling due within one year 6 184,795 320,616
NET CURRENT ASSETS 96,615 237,932
TOTAL ASSETS LESS CURRENT
LIABILITIES

157,658

314,719

CREDITORS
Amounts falling due after more than one
year

7

(31,690

)

(48,112

)

PROVISIONS FOR LIABILITIES (13,731 ) (17,331 )
NET ASSETS 112,237 249,276

CAPITAL AND RESERVES
Called up share capital 2 2
Share premium 18,900 18,900
Capital redemption reserve 1 1
Retained earnings 93,334 230,373
SHAREHOLDERS' FUNDS 112,237 249,276

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

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 Board of Directors and authorised for issue on 3 April 2024 and were signed on its behalf by:




Mr W D Davies - Director


TELEDU TELESGOP CYF (REGISTERED NUMBER: 02814634)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1. STATUTORY INFORMATION

Teledu Telesgop Cyf 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.

Significant judgements and estimates
In application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the the estimate is revised where the only that period, or in the period of the revision and future periods where the revision

Amounts recoverable on contracts
At the end of each financial period the directors review the contracts ongoing at the year and assess the level of work completed and costs incurred on these contracts and include amounts due for work completed but not yet invoiced.

Impairment of debtors
The company makes an estimate of the recoverable value of the trade and other debtors. When assessing impairment if trade and other debtors, the directors consider factors including the aging profile of the debtors and historical experience.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover is measured on a work completed basis, at the end of each financial period the directors review the contracts ongoing at the year and assess the level of work completed and costs incurred on these contracts and include amounts due for work completed but not yet invoiced.

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 - 10 - 25% straight line
Fixtures and fittings - 20% on cost, 10% on cost, Straight line over 4 years and Straight line over 15 years

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.


TELEDU TELESGOP CYF (REGISTERED NUMBER: 02814634)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

2. ACCOUNTING POLICIES - continued
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.

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.

Government grants/capital contributions
Government grants and other capital contributions for capital expenditure are credited to deferred income, and released to revenue over the expected usefull life of the relevent asset by equal instalments. Grants if a revenue nature are credited to income in the period to which they relate.


Hire purchase and leasing commitments
Assets obtained under hire purchase contracts are capitalised in the balance sheet and depreciated over their estimated useful lives.

The interest element of these obligations is charged to the profit and loss account over the relevant period with the capital element treated as a liability.

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the period of the lease.

Intangible assets
Development costs are capitalised only if the cost is commercially feasible and future economic benefits are probable.

Amortisation is calculated so as to write off the asset over its useful economic life.

Debtors
Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

Cash and cash equivalents
Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

Creditors and provisions
Creditors and provisions are recognised where the company has a present obligation (legal and
constructive) resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 27 (2022 - 30 ) .

TELEDU TELESGOP CYF (REGISTERED NUMBER: 02814634)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and
Machinery fittings Totals
£    £    £   
COST
At 1 January 2023 616,094 162,954 779,048
Additions 6,191 - 6,191
At 31 December 2023 622,285 162,954 785,239
DEPRECIATION
At 1 January 2023 540,649 161,612 702,261
Charge for year 20,777 1,158 21,935
At 31 December 2023 561,426 162,770 724,196
NET BOOK VALUE
At 31 December 2023 60,859 184 61,043
At 31 December 2022 75,445 1,342 76,787

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 44,523 272,364
Other debtors 1,900 3,580
46,423 275,944

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 20,000 20,000
Trade creditors 2,434 17,455
Taxation and social security 68,935 125,566
Other creditors 93,426 157,595
184,795 320,616

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 31,690 48,112

8. ULTIMATE CONTROLLING PARTY

The directors deem there to be no ultimate controlling party.

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
TELEDU TELESGOP CYF

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Teledu Telesgop Cyf for the year ended 31 December 2023 which comprise the Statement of Income and Retained Earnings, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Teledu Telesgop Cyf, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Teledu Telesgop Cyf and state those matters that we have agreed to state to the Board of Directors of Teledu Telesgop Cyf, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Teledu Telesgop Cyf and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Teledu Telesgop Cyf has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Teledu Telesgop Cyf. You consider that Teledu Telesgop Cyf is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Teledu Telesgop Cyf. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Bevan Buckland LLP
Ground Floor Cardigan House
Castle Court
Swansea Enterprise Park
Swansea
SA7 9LA


3 April 2024