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Treberfedd Cyfyngedig

Registered Number
09298106
(England and Wales)

Unaudited Financial Statements for the Year ended
30 November 2023

Treberfedd Cyfyngedig
Company Information
for the year from 1 December 2022 to 30 November 2023

Director

Richard John Pepper

Registered Address

74 High Street
Fishguard
SA65 9AU

Registered Number

09298106 (England and Wales)
Treberfedd Cyfyngedig
Balance Sheet as at
30 November 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Tangible assets3732,163393,414
732,163393,414
Current assets
Stocks655,240738,100
Debtors4131,26638,996
786,506777,096
Creditors amounts falling due within one year5(697,828)(633,024)
Net current assets (liabilities)88,678144,072
Total assets less current liabilities820,841537,486
Creditors amounts falling due after one year6(201,548)-
Provisions for liabilities(23,061)(7,037)
Net assets596,232530,449
Capital and reserves
Called up share capital1010
Profit and loss account596,222530,439
Shareholders' funds596,232530,449
The financial statements were approved and authorised for issue by the Director on 8 August 2024, and are signed on its behalf by:
Richard John Pepper
Director
Registered Company No. 09298106
Treberfedd Cyfyngedig
Notes to the Financial Statements
for the year ended 30 November 2023

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Revenue from sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Employee benefits
Contributions to defined contribution plans are expensed in the period to which they relate.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:
Finance leases and hire purchase contracts
Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the balance sheet. They are depreciated over the shorter of their useful lives or the term of the lease.
Stocks and work in progress
Inventories are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).
2.Average number of employees

20232022
Average number of employees during the year11
3.Tangible fixed assets

Total

£
Cost or valuation
At 01 December 22447,620
Additions365,112
Disposals(30,190)
At 30 November 23782,541
Depreciation and impairment
At 01 December 2254,206
Charge for year23,340
On disposals(27,167)
At 30 November 2350,378
Net book value
At 30 November 23732,163
At 30 November 22393,414
No depreciation is provided on freehold property as the amount that is depreciated is the difference between cost and residual value. In the opinion of the director, the residual value of the property is at least cost and there is therefore no depreciation to provide.
4.Debtors: amounts due within one year

2023

2022

££
Trade debtors / trade receivables71,918-
Other debtors47,94632,498
Prepayments and accrued income11,4026,498
Total131,26638,996
5.Creditors: amounts due within one year

2023

2022

££
Trade creditors / trade payables56,18362,738
Bank borrowings and overdrafts565,924453,590
Taxation and social security81413,938
Finance lease and HP contracts18,855-
Other creditors-43,675
Accrued liabilities and deferred income56,05259,083
Total697,828633,024
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
6.Creditors: amounts due after one year

2023

2022

££
Bank borrowings and overdrafts201,548-
Total201,548-
7.Directors advances, credits and guarantees
The company has lent money to the director. As at 30 November 2023 the director owed £29,510 (2022 - the company owed the director £43,675). Interest is charged at the beneficial loan rates. The balance is repaid within nine months of the year end