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REGISTERED NUMBER: 08010020 (United Kingdom)















Unaudited Financial Statements for the Year Ended 30 September 2023

for

DYFED TELECOM LTD

DYFED TELECOM LTD (REGISTERED NUMBER: 08010020)

Contents of the Financial Statements
for the Year Ended 30 September 2023










Page

Balance Sheet 1

Notes to the Financial Statements 3


DYFED TELECOM LTD (REGISTERED NUMBER: 08010020)

Balance Sheet
30 September 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 42,314 61,443

CURRENT ASSETS
Stocks 5 5,950 5,950
Debtors 6 1,119,542 993,561
Cash at bank 10,655 6,578
1,136,147 1,006,089
CREDITORS
Amounts falling due within one year 7 1,193,400 1,169,096
NET CURRENT LIABILITIES (57,253 ) (163,007 )
TOTAL ASSETS LESS CURRENT LIABILITIES (14,939 ) (101,564 )

CREDITORS
Amounts falling due after more than one year 8 13,576 36,080
NET LIABILITIES (28,515 ) (137,644 )

CAPITAL AND RESERVES
Called up share capital 11 2 2
Retained earnings (28,517 ) (137,646 )
SHAREHOLDERS' FUNDS (28,515 ) (137,644 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

DYFED TELECOM LTD (REGISTERED NUMBER: 08010020)

Balance Sheet - continued
30 September 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 November 2023 and were signed on its behalf by:





Mr A S G Cox - Director


DYFED TELECOM LTD (REGISTERED NUMBER: 08010020)

Notes to the Financial Statements
for the Year Ended 30 September 2023


1. STATUTORY INFORMATION

Dyfed Telecom Ltd is a private company, limited by shares , registered in United Kingdom. The company's registered number and registered office address are as below:

Registered number: 08010020

Registered office: Unit 3 Waengadog Farm
Stockwell Lane
Kidwelly
SA17 4PP

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.

As at 30th September 2023 the company had net liabilities of £28,515 (2021: net liabilities of £137,644) The company continues to explore funding options to allow it to continue to meet its ongoing liabilities, including HMRC, and has the continued support of its directors and certain financial institutions.

Therefore the directors consider it appropriate to prepare the financial statements on a going concern basis.

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.
Furniture, fittings and equipment - 15% on reducing balance
Motor vehicles - 20% 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 Profit and Loss Account, 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.


DYFED TELECOM LTD (REGISTERED NUMBER: 08010020)

Notes to the Financial Statements - continued
for the Year Ended 30 September 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 22 (2022 - 23 ) .

4. TANGIBLE FIXED ASSETS
Furniture,
fittings
and Motor
equipment vehicles Totals
£    £    £   
COST
At 1 October 2022 7,151 101,168 108,319
Additions 1,174 - 1,174
Disposals - (21,695 ) (21,695 )
At 30 September 2023 8,325 79,473 87,798
DEPRECIATION
At 1 October 2022 1,649 45,227 46,876
Charge for year 879 10,377 11,256
Eliminated on disposal - (12,648 ) (12,648 )
At 30 September 2023 2,528 42,956 45,484
NET BOOK VALUE
At 30 September 2023 5,797 36,517 42,314
At 30 September 2022 5,502 55,941 61,443

DYFED TELECOM LTD (REGISTERED NUMBER: 08010020)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023


5. STOCKS
2023 2022
£    £   
Stocks 5,950 5,950

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 10,208 23,584
Other debtors 906,008 836,365
Prepayments 203,326 133,612
1,119,542 993,561

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts (see note 9) 76,409 92,502
Other loans (see note 9) 113,482 20,857
Hire purchase contracts (see note 10) 14,731 15,969
Trade creditors 15,538 32,485
Social security and other taxes 477,984 419,852
Other creditors 494,590 574,945
Accruals and deferred income 666 12,486
1,193,400 1,169,096

Creditors due within one year include hire purchase contracts of £14,731 (2022: £15,969) are secured upon the assets to which they relate.

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Hire purchase contracts (see note 10) 13,576 36,080

Creditors due in more than one year include hire purchase contracts of £13,576 (2022: £36,080) are secured upon the assets to which they relate.

DYFED TELECOM LTD (REGISTERED NUMBER: 08010020)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023


9. LOANS

An analysis of the maturity of loans is given below:

2023 2022
£    £   
Amounts falling due within one year or on demand:
Bank overdrafts 42,449 44,300
Bank loans 33,960 48,202
Other loans 113,482 20,857
189,891 113,359

10. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2023 2022
£    £   
Net obligations repayable:
Within one year 14,731 15,969
Between one and five years 13,576 36,080
28,307 52,049

Non-cancellable operating leases
2023 2022
£    £   
Within one year 23,862 24,227
Between one and five years 22,669 54,565
46,531 78,792

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
2 Ordinary A £1 2 2