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REGISTERED NUMBER: 04974150 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Berwyn Parry (Adeiladwyr) Cyf

Berwyn Parry (Adeiladwyr) Cyf (Registered number: 04974150)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 7

Berwyn Parry (Adeiladwyr) Cyf

Company Information
for the Year Ended 31 December 2023







DIRECTORS: Mr B Parry
Miss R W Jones





SECRETARY: Mr B Parry





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





REGISTERED NUMBER: 04974150 (England and Wales)





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

Berwyn Parry (Adeiladwyr) Cyf (Registered number: 04974150)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 1 1
Tangible assets 5 48,680 44,864
48,681 44,865

CURRENT ASSETS
Stocks 60,000 120,000
Debtors 6 99,613 -
Cash at bank 29,233 85,299
188,846 205,299
CREDITORS
Amounts falling due within one year 7 61,662 78,732
NET CURRENT ASSETS 127,184 126,567
TOTAL ASSETS LESS CURRENT
LIABILITIES

175,865

171,432

CREDITORS
Amounts falling due after more than one
year

8

(42,239

)

(51,846

)

PROVISIONS FOR LIABILITIES (9,188 ) (8,449 )
NET ASSETS 124,438 111,137

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 124,338 111,037
SHAREHOLDERS' FUNDS 124,438 111,137

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

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

Berwyn Parry (Adeiladwyr) Cyf (Registered number: 04974150)

Balance Sheet - continued
31 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 11 September 2024 and were signed on its behalf by:





Mr B Parry - Director


Berwyn Parry (Adeiladwyr) Cyf (Registered number: 04974150)

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

1. STATUTORY INFORMATION

Berwyn Parry (Adeiladwyr) 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 represents net invoiced sales of goods and services, excluding value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2004, is being amortised evenly over its estimated useful life of ten years.

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 prices, less accumulated depreciation and less amounts recognised in respect of impairment.

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

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.

Berwyn Parry (Adeiladwyr) Cyf (Registered number: 04974150)

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

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2023
and 31 December 2023 20,931
AMORTISATION
At 1 January 2023
and 31 December 2023 20,930
NET BOOK VALUE
At 31 December 2023 1
At 31 December 2022 1

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 January 2023 2,700 169,792 172,492
Additions - 15,400 15,400
At 31 December 2023 2,700 185,192 187,892
DEPRECIATION
At 1 January 2023 - 127,628 127,628
Charge for year - 11,584 11,584
At 31 December 2023 - 139,212 139,212
NET BOOK VALUE
At 31 December 2023 2,700 45,980 48,680
At 31 December 2022 2,700 42,164 44,864

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 99,613 -

Berwyn Parry (Adeiladwyr) Cyf (Registered number: 04974150)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Hire purchase contracts 3,164 6,327
Trade creditors 20,180 22,780
Taxation and social security 26,089 16,154
Other creditors 12,229 33,471
61,662 78,732

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.23 31.12.22
£    £   
Hire purchase contracts 6,200 6,074
Taxation and social security 9,199 9,198
Other creditors 26,840 36,574
42,239 51,846

9. SECURITIES AND CHARGES

HSBC Bank plc

Charge date: 07/05/2004

Type: Debenture

Details: Fixed and floating charge over the undertaking and all property and assets present and future, including goodwill, bookdebts, uncalled capital, buildings, fixtures, fixed plant and machinery.

10. RELATED PARTY DISCLOSURES

During the year, total dividends of £15,000 (2022 - £23,000) were paid to the directors .

11. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr B Parry.

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Berwyn Parry (Adeiladwyr) Cyf

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Berwyn Parry (Adeiladwyr) Cyf for the year ended 31 December 2023 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Berwyn Parry (Adeiladwyr) Cyf, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Berwyn Parry (Adeiladwyr) Cyf and state those matters that we have agreed to state to the Board of Directors of Berwyn Parry (Adeiladwyr) Cyf, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Berwyn Parry (Adeiladwyr) Cyf and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Berwyn Parry (Adeiladwyr) Cyf has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Berwyn Parry (Adeiladwyr) Cyf. You consider that Berwyn Parry (Adeiladwyr) Cyf is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Berwyn Parry (Adeiladwyr) Cyf. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






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


Date: .............................................