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REGISTERED NUMBER: 09698176 (England and Wales)















CANOLFAN PRYSOR LTD

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2023






CANOLFAN PRYSOR LTD (REGISTERED NUMBER: 09698176)

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


CANOLFAN PRYSOR LTD

COMPANY INFORMATION
for the Year Ended 31 JULY 2023







DIRECTORS: M Atherton
Miss B Cluer





SECRETARY:





REGISTERED OFFICE: 1 Fronoleu
Cae Clud
Manod
Blaenau Ffestiniog
Gwynedd
LL41 4BA





REGISTERED NUMBER: 09698176 (England and Wales)





ACCOUNTANTS: E W Owen & Co
Glyndwr Buildings
Glyndwr Street
Dolgellau
Gwynedd
LL40 1BB

CANOLFAN PRYSOR LTD (REGISTERED NUMBER: 09698176)

BALANCE SHEET
31 JULY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 9,891 11,264

CURRENT ASSETS
Debtors 5 2,277 1,320
Cash at bank and in hand 5,290 24,949
7,567 26,269
CREDITORS
Amounts falling due within one year 6 4,128 10,224
NET CURRENT ASSETS 3,439 16,045
TOTAL ASSETS LESS CURRENT
LIABILITIES

13,330

27,309

PROVISIONS FOR LIABILITIES - 2,140
NET ASSETS 13,330 25,169

CAPITAL AND RESERVES
Called up share capital 110 110
Retained earnings 13,220 25,059
SHAREHOLDERS' FUNDS 13,330 25,169

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 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.

CANOLFAN PRYSOR LTD (REGISTERED NUMBER: 09698176)

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 12 April 2024 and were signed on its behalf by:





M Atherton - Director


CANOLFAN PRYSOR LTD (REGISTERED NUMBER: 09698176)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 JULY 2023


1. STATUTORY INFORMATION

Canolfan Prysor 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 10% on reducing balance

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.

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 3 (2022 - 5 ) .

CANOLFAN PRYSOR LTD (REGISTERED NUMBER: 09698176)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 JULY 2023


4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 August 2022 15,496 1,128 16,624
Additions - 48 48
At 31 July 2023 15,496 1,176 16,672
DEPRECIATION
At 1 August 2022 4,548 812 5,360
Charge for year 1,095 326 1,421
At 31 July 2023 5,643 1,138 6,781
NET BOOK VALUE
At 31 July 2023 9,853 38 9,891
At 31 July 2022 10,948 316 11,264

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 2,277 1,320

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 947 948
Taxation and social security - 6,019
Other creditors 3,181 3,257
4,128 10,224