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REGISTERED NUMBER: 11143461 (Wales)















Unaudited Financial Statements for the Year Ended 31st December 2023

for

Sarn Las Dairy Limited

Sarn Las Dairy Limited (Registered number: 11143461)






Contents of the Financial Statements
for the Year Ended 31st December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Sarn Las Dairy Limited

Company Information
for the Year Ended 31st December 2023







DIRECTORS: Mr R Rogers
Mr G W Roberts





REGISTERED OFFICE: Adeilad St David's Building
Stryd Lombard Street
Porthmadog
Gwynedd
LL49 9AP





REGISTERED NUMBER: 11143461 (Wales)





ACCOUNTANTS: Dunn & Ellis Cyf
Chartered Accountants
Adeilad St David's Building
Stryd Lombard Street
Porthmadog
Gwynedd
LL49 9AP

Sarn Las Dairy Limited (Registered number: 11143461)

Balance Sheet
31st December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 13,636 16,378

CURRENT ASSETS
Debtors 5 74,591 108,134
Cash at bank and in hand 33,418 68,692
108,009 176,826
CREDITORS
Amounts falling due within one year 6 47,877 113,484
NET CURRENT ASSETS 60,132 63,342
TOTAL ASSETS LESS CURRENT
LIABILITIES

73,768

79,720

CREDITORS
Amounts falling due after more than one year 7 (32,354 ) (37,878 )

PROVISIONS FOR LIABILITIES (2,218 ) (2,657 )
NET ASSETS 39,196 39,185

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 39,096 39,085
39,196 39,185

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

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

Sarn Las Dairy Limited (Registered number: 11143461)

Balance Sheet - continued
31st December 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 24th April 2024 and were signed on its behalf by:




Mr R Rogers - Director



Mr G W Roberts - Director


Sarn Las Dairy Limited (Registered number: 11143461)

Notes to the Financial Statements
for the Year Ended 31st December 2023

1. STATUTORY INFORMATION

Sarn Las Dairy Limited is a private company, limited by shares , registered in 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

Fixed assets are stated at their cost price, less accumulated depreciation and less amounts recognised in respect of impairment.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

Sarn Las Dairy Limited (Registered number: 11143461)

Notes to the Financial Statements - continued
for the Year Ended 31st December 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st January 2023 42,158
Additions 667
At 31st December 2023 42,825
DEPRECIATION
At 1st January 2023 25,780
Charge for year 3,409
At 31st December 2023 29,189
NET BOOK VALUE
At 31st December 2023 13,636
At 31st December 2022 16,378

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 13,281 29,957
Other debtors 61,310 78,177
74,591 108,134

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts 6,573 6,573
Trade creditors 15,854 105,302
Taxation and social security 770 209
Other creditors 24,680 1,400
47,877 113,484

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.23 31.12.22
£    £   
Bank loans 32,354 37,878

Sarn Las Dairy Limited (Registered number: 11143461)

Notes to the Financial Statements - continued
for the Year Ended 31st December 2023

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
31.12.23 31.12.22
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 6,063 11,587

8. RELATED PARTY DISCLOSURES

During the year, the company paid £192,601 for goods and services provided by M & R S Rogers, a partnership in which the director is also a partner.