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REGISTERED NUMBER: 08203188 (England and Wales)















Unaudited Financial Statements

for the Year Ended 30 September 2023

for

Gwynt Gelli Ltd

Gwynt Gelli Ltd (Registered number: 08203188)






Contents of the Financial Statements
for the Year Ended 30 September 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Gwynt Gelli Ltd

Company Information
for the Year Ended 30 September 2023







DIRECTOR: D A Thomas





REGISTERED OFFICE: The Old School
The Quay
Carmarthen
Carmarthenshire
SA31 3LN





REGISTERED NUMBER: 08203188 (England and Wales)





ACCOUNTANTS: Ashmole & Co.
Chartered Certified Accountants
The Old School
The Quay
Carmarthen
Carmarthenshire
SA31 3LN

Gwynt Gelli Ltd (Registered number: 08203188)

Balance Sheet
30 September 2023

30.9.23 30.9.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 514,174 548,446

CURRENT ASSETS
Debtors 5 205,584 179,560
Cash at bank 24,887 40,717
230,471 220,277
CREDITORS
Amounts falling due within one year 6 84,169 223,941
NET CURRENT ASSETS/(LIABILITIES) 146,302 (3,664 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

660,476

544,782

PROVISIONS FOR LIABILITIES 61,640 66,348
NET ASSETS 598,836 478,434

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 598,736 478,334
SHAREHOLDERS' FUNDS 598,836 478,434

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

Gwynt Gelli Ltd (Registered number: 08203188)

Balance Sheet - continued
30 September 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 9 September 2024 and were signed by:





D A Thomas - Director


Gwynt Gelli Ltd (Registered number: 08203188)

Notes to the Financial Statements
for the Year Ended 30 September 2023

1. STATUTORY INFORMATION

Gwynt Gelli Ltd 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.

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 NIL (2022 - NIL).

Gwynt Gelli Ltd (Registered number: 08203188)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 October 2022
and 30 September 2023 122,525 709,755 832,280
DEPRECIATION
At 1 October 2022 - 283,834 283,834
Charge for year - 34,272 34,272
At 30 September 2023 - 318,106 318,106
NET BOOK VALUE
At 30 September 2023 122,525 391,649 514,174
At 30 September 2022 122,525 425,921 548,446

Plant and machinery is being depreciated over 20 years.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 30.9.22
£    £   
Trade debtors 55,221 33,988
Other debtors 150,363 145,572
205,584 179,560

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 30.9.22
£    £   
Bank loans and overdrafts - 69,416
Trade creditors 2,497 10,109
Taxation and social security 48,244 29,915
Other creditors 33,428 114,501
84,169 223,941

7. SECURED DEBTS

The following secured debts are included within creditors:

30.9.23 30.9.22
£    £   
Bank loans - 69,416

Gwynt Gelli Ltd (Registered number: 08203188)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 September 2023 and 30 September 2022:

30.9.23 30.9.22
£    £   
D A Thomas
Balance outstanding at start of year (114,501 ) (208,334 )
Amounts advanced 95,073 100,000
Amounts repaid (14,000 ) (6,167 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (33,428 ) (114,501 )

9. RELATED PARTY DISCLOSURES

The Company pays an annual rental to of £20,000 to Mr D J Thomas for the use of the land.

10. ULTIMATE CONTROLLING PARTY

The controlling party is D A Thomas.