Registered number: 05820182 | ||||||||
FOR THE YEAR ENDED 31/05/2023 | ||||||||
Prepared By: | ||||||||
John Tudor | ||||||||
Chartered Certified Accountants | ||||||||
3 Kingshead | ||||||||
Pwllheli | ||||||||
Gwynedd | ||||||||
LL53 5DR |
Gwesty Ty Newydd Cyf | ||||||||
ACCOUNTS | ||||||||
FOR THE YEAR ENDED 31/05/2023 | ||||||||
DIRECTORS | ||||||||
SECRETARY | ||||||||
Wilma Roberts | ||||||||
REGISTERED OFFICE | ||||||||
Gwynedd | ||||||||
COMPANY DETAILS | ||||||||
Private company limited by shares registered in EW - England and Wales, registered number 05820182 | ||||||||
ACCOUNTANTS | ||||||||
John Tudor | ||||||||
Chartered Certified Accountants | ||||||||
3 Kingshead | ||||||||
Pwllheli | ||||||||
Gwynedd | ||||||||
LL53 5DR |
Gwesty Ty Newydd Cyf | ||||||||
ACCOUNTS | ||||||||
FOR THEYEARENDED31/05/2023 | ||||||||
CONTENTS | ||||||||
Page | ||||||||
Directors' Report | - | |||||||
Statement Of Comprehensive Income | - | |||||||
Balance Sheet | 3 | |||||||
Notes To The Accounts | 4 | |||||||
The following do not form part of the statutory financial statements: | ||||||||
Trading And Profit And Loss Account | - | |||||||
Profit And Loss Account Summaries | - |
Gwesty Ty Newydd Cyf | ||||||||
BALANCE SHEET AT | ||||||||||
2023 | 2022 | |||||||||
Notes | £ | £ | ||||||||
FIXED ASSETS | ||||||||||
Tangible assets | 2 | |||||||||
CURRENT ASSETS | ||||||||||
Stock | ||||||||||
Debtors | 4 | |||||||||
Cash at bank and in hand | ||||||||||
246,297 | 251,888 | |||||||||
CREDITORS: Amounts falling due within one year | 5 | |||||||||
NET CURRENT ASSETS / (LIABILITIES) | (63,871) | |||||||||
TOTAL ASSETS LESS CURRENT LIABILITIES | ||||||||||
CREDITORS: Amounts falling due after more than one year | 6 | 366,646 | 372,488 | |||||||
NET ASSETS | ||||||||||
CAPITAL AND RESERVES | ||||||||||
Called up share capital | 9 | |||||||||
Profit and loss account | 655,992 | 606,434 | ||||||||
SHAREHOLDERS' FUNDS | ||||||||||
Approved by the board on | ||||||||||
............................. | ||||||||||
Director | ||||||||||
............................. | ||||||||||
Iain Gareth Roberts | ||||||||||
Director | ||||||||||
Gwesty Ty Newydd Cyf | ||||||||
NOTES TO THE ACCOUNTS | ||||||||||
FOR THE YEAR ENDED 31/05/2023 | ||||||||||
1. ACCOUNTING POLICIES |
1a. Basis Of Accounting | ||||||||
The accounts have been prepared under the historical cost convention. | ||||||||
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 . |
1b. Depreciation | ||||||||
Land And Buildings | reducing balance2.5% | |||||||
Plant And Machinery | reducing balance20% | |||||||
Fixtures And Fittings | reducing balance15% | |||||||
Equipment | reducing balance25% | |||||||
Motor Cars | reducing balance25% |
1c. Stocks | ||||||||
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs. | ||||||||
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs. |
1d. Pension Costs | ||||||||
The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year. |
1e. Government Grants Deferred | ||||||||
Government grants received are treated as deferred credits and credited to profit and loss account over the estimated useful life of the relevant fixed assets. | ||||||||
Government Grant Aid received due to Covid have not been deferred. |
1f. Government Grants | ||||||||
Due to COVID additional Government Grant Aid has been received and has not been deferred. |
Gwesty Ty Newydd Cyf | ||||||||
2. TANGIBLE FIXED ASSETS | ||||||
Land And | Plant and | |||||
Buildings | Machinery Etc. | Total | ||||
£ | £ | £ | ||||
Cost | ||||||
At 01/06/2022 | 1,410,435 | 550,490 | 1,960,925 | |||
Additions | - | 12,998 | 12,998 | |||
At 31/05/2023 | 1,410,435 | 563,488 | 1,973,923 | |||
Depreciation | ||||||
At 01/06/2022 | 457,426 | 459,606 | 917,032 | |||
For the year | 28,339 | 19,917 | 48,256 | |||
At 31/05/2023 | 485,765 | 479,523 | 965,288 | |||
Net Book Amounts | ||||||
At 31/05/2023 | 924,670 | 83,965 | 1,008,635 | |||
At 31/05/2022 | 953,009 | 90,884 | 1,043,893 | |||
3. STOCK | 2023 | 2022 | ||||
£ | £ | |||||
Stock comprises: | ||||||
Stock | ||||||
4. DEBTORS | 2023 | 2022 | ||||||
£ | £ | |||||||
Amounts falling due within one year: | ||||||||
Other debtors | 1,500 | 1,500 | ||||||
1,500 | 1,500 | |||||||
Gwesty Ty Newydd Cyf | ||||||||
5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||||||
2023 | 2022 | |||||||
£ | £ | |||||||
Bank loans and overdrafts | ||||||||
Trade creditors | 50,788 | 47,653 | ||||||
Taxation and social security | 94,366 | 106,935 | ||||||
Other creditors | 8,368 | 1,577 | ||||||
231,194 | 315,759 | |||||||
6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR | ||||||||
2023 | 2022 | |||||||
£ | £ | |||||||
Bank loans and overdrafts | 366,646 | 372,488 | ||||||
366,646 | 372,488 | |||||||
Included within Bank loans and overdrafts is the Directors Loan to the company amounting to £366,646. | ||||||||
7. SECURED CREDITORS | ||||||||
2023 | 2022 | |||||||
£ | £ | |||||||
Amount of bank loans and overdrafts which are secured | - | 57,148 | ||||||
8. EMPLOYEES | ||||||
2023 | 2022 | |||||
No. | No. | |||||
Average number of employees | 39 | |||||
Gwesty Ty Newydd Cyf | ||||||||
9. SHARE CAPITAL | 2023 | 2022 | ||||||
£ | £ | |||||||
Allotted, issued and fully paid: | ||||||||
1100 | 1100 | |||||||
1,100 | 1,100 | |||||||