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REGISTERED NUMBER: 05245054 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 September 2023

for

Ty Mawr West Limited

Ty Mawr West Limited (Registered number: 05245054)






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

Chartered Accountants' Report 7

Ty Mawr West Limited

Company Information
for the Year Ended 30 September 2023







DIRECTORS: Mr E W Jones
Mrs C Jones





SECRETARY: Mr E W Jones





REGISTERED OFFICE: St. Davids Building
Lombard Street
Porthmadog
Gwynedd
LL49 9AP





REGISTERED NUMBER: 05245054 (England and Wales)





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

Ty Mawr West Limited (Registered number: 05245054)

Balance Sheet
30 September 2023

30.9.23 30.9.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,045,717 1,041,475

CURRENT ASSETS
Stocks 60,000 60,000
Debtors 5 256,664 350,274
Cash at bank 268,112 155,101
584,776 565,375
CREDITORS
Amounts falling due within one year 6 677,605 634,030
NET CURRENT LIABILITIES (92,829 ) (68,655 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

952,888

972,820

CREDITORS
Amounts falling due after more than one
year

7

(370,214

)

(543,673

)

PROVISIONS FOR LIABILITIES (198,046 ) (193,035 )
NET ASSETS 384,628 236,112

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 384,528 236,012
384,628 236,112

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 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.

Ty Mawr West Limited (Registered number: 05245054)

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 Board of Directors and authorised for issue on 23 September 2024 and were signed on its behalf by:





Mr E W Jones - Director


Ty Mawr West Limited (Registered number: 05245054)

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

1. STATUTORY INFORMATION

Ty Mawr West Limited 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 the cost less estimated residual value of each asset over its estimated useful life.

Shed & inspection pit - 2% on cost
Plant & machinery - 20% reducing balance
Fixtures & fittings - 20% reducing balance
Motor vehicles - 20% reducing balance
Computer equipment - 20% reducing balance

Fixed assets are stated at their cost prices less accumulated depreciation and less any amounts recognised in respect of any impairment.

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.

Ty Mawr West Limited (Registered number: 05245054)

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

2. ACCOUNTING POLICIES - continued

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.

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 6 (2022 - 6 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 October 2022 27,755 2,399,815 2,427,570
Additions - 330,500 330,500
Disposals - (114,300 ) (114,300 )
At 30 September 2023 27,755 2,616,015 2,643,770
DEPRECIATION
At 1 October 2022 1,665 1,384,430 1,386,095
Charge for year 555 252,219 252,774
Eliminated on disposal - (40,816 ) (40,816 )
At 30 September 2023 2,220 1,595,833 1,598,053
NET BOOK VALUE
At 30 September 2023 25,535 1,020,182 1,045,717
At 30 September 2022 26,090 1,015,385 1,041,475

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 30.9.22
£    £   
Trade debtors 255,664 349,699
Other debtors 1,000 575
256,664 350,274

Included within the Other debtors figure above is £1,000 (2022 - £575) owed from Ty Mawr West Recycling Limited, a company in which Mr Jones is also a director.

Ty Mawr West Limited (Registered number: 05245054)

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

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 30.9.22
£    £   
Bank loans and overdrafts 10,057 9,845
Hire purchase contracts 154,451 151,609
Trade creditors 3,357 58,389
Taxation and social security 234,030 134,848
Other creditors 275,710 279,339
677,605 634,030

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.9.23 30.9.22
£    £   
Hire purchase contracts 352,941 516,343
Other creditors 17,273 27,330
370,214 543,673

8. RELATED PARTY DISCLOSURES

During the year, total dividends of £25,500 (2022 - £39,350) were paid to the directors .

The directors' loan accounts were in credit throughout the year and at the year end had a balance of £271,265 (2022 - £257,478) owing to the directors.

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Ty Mawr West Limited

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 Ty Mawr West Limited for the year ended 30 September 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 Ty Mawr West Limited, 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 Ty Mawr West Limited and state those matters that we have agreed to state to the Board of Directors of Ty Mawr West Limited, 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 Ty Mawr West Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Ty Mawr West Limited 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 Ty Mawr West Limited. You consider that Ty Mawr West Limited 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 Ty Mawr West Limited. 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: .............................................