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REGISTERED NUMBER: 04098241 (England and Wales)









MENTER IAITH MALDWYN

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023






MENTER IAITH MALDWYN (REGISTERED NUMBER: 04098241)

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










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


MENTER IAITH MALDWYN

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTORS: Mr G Evans
Cllr A W Davies
Mrs M R Vaughan
Mrs D L Gilbert
Mrs A Jones
Mr G W Ap Gwyn





SECRETARY: Mr E G Vaughan





REGISTERED OFFICE: The Cross
Broad Street
Newtown
Powys
SY16 2BB





REGISTERED NUMBER: 04098241 (England and Wales)

MENTER IAITH MALDWYN (REGISTERED NUMBER: 04098241)

STATEMENT OF FINANCIAL POSITION
31 MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 525 693

CURRENT ASSETS
Debtors 5 124,932 77,290
Cash at bank 43,284 71,052
168,216 148,342
CREDITORS
Amounts falling due within one year 6 3,350 20,852
NET CURRENT ASSETS 164,866 127,490
TOTAL ASSETS LESS CURRENT
LIABILITIES

165,391

128,183

RESERVES
Income and expenditure account 165,391 128,183
165,391 128,183

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 surplus or deficit 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 Income Statement has not been delivered.

MENTER IAITH MALDWYN (REGISTERED NUMBER: 04098241)

STATEMENT OF FINANCIAL POSITION - continued
31 MARCH 2023



The financial statements were approved by the Board of Directors and authorised for issue on 28 March 2024 and were signed on its behalf by:





Mrs D L Gilbert - Director


MENTER IAITH MALDWYN (REGISTERED NUMBER: 04098241)

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


1. STATUTORY INFORMATION

Menter Iaith Maldwyn is a private company, limited by guarantee , 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
The company's main income consists of grants to be used for the company's purposes. Other income includes translation services provided on a commercial basis and income from activities carried out during the year.

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 - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance

Pensions
The company runs a pension through Powys County Council. Contributions payable for the year are shown in the Income and Expenditure account.

Government grants
Grants received in relation to expenditure raised on the Income and Expenditure account have been included in the Income.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 5 ) .

MENTER IAITH MALDWYN (REGISTERED NUMBER: 04098241)

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


4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and
machinery fittings Totals
£    £    £   
COST
At 1 April 2022
and 31 March 2023 22,736 808 23,544
DEPRECIATION
At 1 April 2022 22,417 434 22,851
Charge for year 125 43 168
At 31 March 2023 22,542 477 23,019
NET BOOK VALUE
At 31 March 2023 194 331 525
At 31 March 2022 319 374 693

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 124,560 76,948
Other debtors 372 342
124,932 77,290

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors - 139
Other creditors 3,350 20,713
3,350 20,852