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REGISTERED NUMBER: 11169562 (Wales)


















A PIECE OF CAKE (GOGLEDD CYMRU) CYF

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023






A PIECE OF CAKE (GOGLEDD CYMRU) CYF (REGISTERED NUMBER: 11169562)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


A PIECE OF CAKE (GOGLEDD CYMRU) CYF

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: B Powell Esq
Mrs S E Powell





REGISTERED OFFICE: 23 Trinity Square
LLANDUDNO
Conwy
LL30 2RH





REGISTERED NUMBER: 11169562 (Wales)





ACCOUNTANTS: Hawley and Company
Chartered Accountants & Chartered Tax Advisers
First Floor Suite
23 Trinity Square
LLANDUDNO
North Wales
LL30 2RH

A PIECE OF CAKE (GOGLEDD CYMRU) CYF (REGISTERED NUMBER: 11169562)

STATEMENT OF FINANCIAL POSITION
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 14,584 18,084
Tangible assets 5 308,772 272,183
323,356 290,267

CURRENT ASSETS
Stocks 500 500
Debtors 6 1,175 513
Cash at bank and in hand 12,387 24,040
14,062 25,053
CREDITORS
Amounts falling due within one year 7 29,584 27,241
NET CURRENT LIABILITIES (15,522 ) (2,188 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

307,834

288,079

CREDITORS
Amounts falling due after more than one year 8 (79,665 ) (88,118 )

PROVISIONS FOR LIABILITIES 9 (3,004 ) (4,370 )
NET ASSETS 225,165 195,591

CAPITAL AND RESERVES
Called up share capital 10 2 2
Retained earnings 225,163 195,589
SHAREHOLDERS' FUNDS 225,165 195,591

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.

A PIECE OF CAKE (GOGLEDD CYMRU) CYF (REGISTERED NUMBER: 11169562)

STATEMENT OF FINANCIAL POSITION - 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 12 August 2024 and were signed on its behalf by:





B Powell Esq - Director


A PIECE OF CAKE (GOGLEDD CYMRU) CYF (REGISTERED NUMBER: 11169562)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1. STATUTORY INFORMATION

A Piece of Cake (Gogledd Cymru) Cyf is a private company, limited by shares , registered in 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.

Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2018, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 - 33% on reducing balance, 25% on reducing balance and 15% on reducing balance

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Pension costs and other post-retirement benefits
Pension contributions paid on behalf of employees are charged against profits in the accounting period in which they are paid.

A PIECE OF CAKE (GOGLEDD CYMRU) CYF (REGISTERED NUMBER: 11169562)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

2. ACCOUNTING POLICIES - continued

Trade and other debtors
Trade and other debtors are initially recognised at their transaction price, less impairment losses for bad and doubtful debts.

Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and in hand, demand deposits with banks and other short-term highly liquid investments with original maturities of 3 months or less.

Trade and other creditors
Trade and other creditors are initially recognised at their transaction price.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2022 - 14 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2023
and 31 December 2023 35,000
AMORTISATION
At 1 January 2023 16,916
Charge for year 3,500
At 31 December 2023 20,416
NET BOOK VALUE
At 31 December 2023 14,584
At 31 December 2022 18,084

A PIECE OF CAKE (GOGLEDD CYMRU) CYF (REGISTERED NUMBER: 11169562)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 January 2023 249,184 72,886 322,070
Additions - 55,552 55,552
At 31 December 2023 249,184 128,438 377,622
DEPRECIATION
At 1 January 2023 - 49,887 49,887
Charge for year - 18,963 18,963
At 31 December 2023 - 68,850 68,850
NET BOOK VALUE
At 31 December 2023 249,184 59,588 308,772
At 31 December 2022 249,184 22,999 272,183

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 1,175 513

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 4,000 4,000
Hire purchase contracts 4,533 -
Trade creditors 44 35
Tax 9,159 12,119
Social security and other taxes 7,762 7,693
Other creditors 140 2,152
Accrued expenses 3,946 1,242
29,584 27,241

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loan 25,775 29,943
Hire purchase contracts 38,134 -
Directors' loan account 15,756 58,175
79,665 88,118

A PIECE OF CAKE (GOGLEDD CYMRU) CYF (REGISTERED NUMBER: 11169562)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

9. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 3,004 4,370

Deferred
tax
£   
Balance at 1 January 2023 4,370
Accelerated capital allowances (1,366 )
Balance at 31 December 2023 3,004

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
2 Ordinary £1 2 2