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Company Registration No. 06814307 (England and Wales)
BRYCHEINIOG LIMITED Unaudited accounts for the year ended 31 March 2024
BRYCHEINIOG LIMITED Unaudited accounts Contents
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BRYCHEINIOG LIMITED Company Information for the year ended 31 March 2024
Directors
Simon Wharton Paul Short
Company Number
06814307 (England and Wales)
Registered Office
Denmark House 143 High Street Chalfont St Peter Bucks SL9 9QL United Kingdom
Accountants
Lane Accounting Limited Denmark House, 143 High St, Chalfont St Peter, Gerrards Cross Buckinghamshire SL9 9QL
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BRYCHEINIOG LIMITED Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
8,918 
10,899 
Investments
44,840 
44,840 
53,758 
55,739 
Current assets
Debtors
60,603 
53,829 
Cash at bank and in hand
32,427 
10,401 
93,030 
64,230 
Creditors: amounts falling due within one year
(80,612)
(51,812)
Net current assets
12,418 
12,418 
Total assets less current liabilities
66,176 
68,157 
Creditors: amounts falling due after more than one year
(11,825)
(20,825)
Net assets
54,351 
47,332 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
54,251 
47,232 
Shareholders' funds
54,351 
47,332 
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 7 August 2024 and were signed on its behalf by
Simon Wharton Director Company Registration No. 06814307
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BRYCHEINIOG LIMITED Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
BRYCHEINIOG LIMITED is a private company, limited by shares, registered in England and Wales, registration number 06814307. The registered office is Denmark House , 143 High Street, Chalfont St Peter, Bucks, SL9 9QL, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
20% per annum reducing balance
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Investments
Investments in shares are included at fair value.
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BRYCHEINIOG LIMITED Notes to the Accounts for the year ended 31 March 2024
4
Tangible fixed assets
Fixtures & fittings 
£ 
Cost or valuation
At cost 
At 1 April 2023
38,476 
Additions
249 
At 31 March 2024
38,725 
Depreciation
At 1 April 2023
27,577 
Charge for the year
2,230 
At 31 March 2024
29,807 
Net book value
At 31 March 2024
8,918 
At 31 March 2023
10,899 
5
Investments
Other investments 
£ 
Valuation at 1 April 2023
44,840 
Valuation at 31 March 2024
44,840 
The total market value at the balance sheet date of listed investments was £44,840 (2022 - £50,060). The loss has been realised in the year.
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
60,603 
53,829 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
9,000 
9,000 
VAT
18,260 
12,470 
Trade creditors
8,946 
2,623 
Taxes and social security
16,038 
9,581 
Other creditors
160 
- 
Loans from directors
26,793 
16,723 
Accruals
1,415 
1,415 
80,612 
51,812 
Creditors include bank loans and overdrafts and net obligations under finance lease and hire purchase contracts which are secured of £9,000 (2022 £9,000). The bank loans and overdrafts are secured by a fixed and floating charge over the company's assets. The finance leases are secured on the assets concerned.
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BRYCHEINIOG LIMITED Notes to the Accounts for the year ended 31 March 2024
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
11,825 
20,825 
Creditors include bank loans and net obligations under finance lease and hire purchase contracts which are secured of £20,825 (2022 £28,500). The bank loans are secured by a fixed and floating charge over the company's assets. The finance leases are secured on the assets concerned.
9
Loans to directors
On 31 March 2023, S Wharton was owed £8,362 (2022 - £5,610) by the company. P Short was owed £8,362 (2022 - £5,610). These are interest bearing loans that are repayable on demand. During the year £449 interest was charged by the directors.
10
Average number of employees
During the year the average number of employees was 4 (2023: 4).
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