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REGISTERED NUMBER: 09870215 (England and Wales)















CDNC CYF

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2023






CDNC CYF (REGISTERED NUMBER: 09870215)

CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30 NOVEMBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CDNC CYF

COMPANY INFORMATION
for the Year Ended 30 NOVEMBER 2023







DIRECTOR: G L Edwards





REGISTERED OFFICE: Drws y Nant
Llanuwchllyn
Bala
Gwynedd
LL23 7UL





REGISTERED NUMBER: 09870215 (England and Wales)





ACCOUNTANTS: E W Owen & Co
Glyndwr Buildings
Glyndwr Street
Dolgellau
Gwynedd
LL40 1BB

CDNC CYF (REGISTERED NUMBER: 09870215)

BALANCE SHEET
30 NOVEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 264,786 292,956

CURRENT ASSETS
Stocks 20,101 -
Debtors 5 76,418 41,624
Cash at bank 16,948 41,827
113,467 83,451
CREDITORS
Amounts falling due within one year 6 82,159 76,299
NET CURRENT ASSETS 31,308 7,152
TOTAL ASSETS LESS CURRENT
LIABILITIES

296,094

300,108

CREDITORS
Amounts falling due after more than one
year

7

(86,220

)

(114,974

)

PROVISIONS FOR LIABILITIES (50,309 ) (55,662 )
NET ASSETS 159,565 129,472

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 159,564 129,471
SHAREHOLDERS' FUNDS 159,565 129,472

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

CDNC CYF (REGISTERED NUMBER: 09870215)

BALANCE SHEET - continued
30 NOVEMBER 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 director and authorised for issue on 30 August 2024 and were signed by:





G L Edwards - Director


CDNC CYF (REGISTERED NUMBER: 09870215)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30 NOVEMBER 2023


1. STATUTORY INFORMATION

CDNC Cyf is a private company, limited by shares , 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
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 - 10% on reducing balance
Motor vehicles - 20% on reducing balance
Computer equipment - 20% on cost

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

CDNC CYF (REGISTERED NUMBER: 09870215)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 NOVEMBER 2023


3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 December 2022 413,048 30,065 1,041 444,154
Additions 50,001 - - 50,001
Disposals (23,000 ) - - (23,000 )
At 30 November 2023 440,049 30,065 1,041 471,155
DEPRECIATION
At 1 December 2022 140,166 10,824 208 151,198
Charge for year 62,192 3,848 208 66,248
Eliminated on disposal (11,077 ) - - (11,077 )
At 30 November 2023 191,281 14,672 416 206,369
NET BOOK VALUE
At 30 November 2023 248,768 15,393 625 264,786
At 30 November 2022 272,882 19,241 833 292,956

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 43,533 14,310
Tax 32,073 27,314
VAT 812 -
76,418 41,624

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 5,015 5,718
VAT - 9,192
Directors' current accounts 75,804 59,269
Accrued expenses 1,340 2,120
82,159 76,299

CDNC CYF (REGISTERED NUMBER: 09870215)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 NOVEMBER 2023


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans - 2-5 years 10,367 13,327
Hire purchase contracts 75,853 101,647
86,220 114,974