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REGISTERED NUMBER: 07111197 (England and Wales)















Unaudited Financial Statements

for the Period 1 January 2023 to 31 March 2024

for

R T & A M Ellis Cyf

R T & A M Ellis Cyf (Registered number: 07111197)






Contents of the Financial Statements
for the Period 1 January 2023 to 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 7

R T & A M Ellis Cyf

Company Information
for the Period 1 January 2023 to 31 March 2024







DIRECTORS: Mr R T Ellis
Mrs A M Ellis





REGISTERED OFFICE: Ty Newydd Farm
St Asaph Road
Trefnant
Denbigh
Clwyd
LL16 5UN





REGISTERED NUMBER: 07111197 (England and Wales)





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

R T & A M Ellis Cyf (Registered number: 07111197)

Balance Sheet
31 March 2024

31.3.24 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,256,947 1,175,859

CURRENT ASSETS
Stocks 715,988 663,192
Debtors 5 21,607 39,445
Cash at bank 57,687 -
795,282 702,637
CREDITORS
Amounts falling due within one year 6 362,238 379,440
NET CURRENT ASSETS 433,044 323,197
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,689,991

1,499,056

CREDITORS
Amounts falling due after more than one
year

7

(390,390

)

(479,295

)

PROVISIONS FOR LIABILITIES (155,951 ) (130,409 )
NET ASSETS 1,143,650 889,352

CAPITAL AND RESERVES
Called up share capital 20 20
Retained earnings 1,143,630 889,332
1,143,650 889,352

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2024 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.

R T & A M Ellis Cyf (Registered number: 07111197)

Balance Sheet - continued
31 March 2024


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 24 September 2024 and were signed on its behalf by:




Mr R T Ellis - Director



Mrs A M Ellis - Director


R T & A M Ellis Cyf (Registered number: 07111197)

Notes to the Financial Statements
for the Period 1 January 2023 to 31 March 2024

1. STATUTORY INFORMATION

R T & A M Ellis 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.

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 - 5% Straight line
Wind turbine - 5% Straight line
Plant & machinery - 20% reducing balance
Tractors - 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 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.

Biological assets, living plants and animals are included at the lower of cost and estimated selling price less cost to sell.

Fuel, oil and other business related deadlock are valued at the lower of cost and net realisable value, after making allowance for obsolete, impaired or slow moving items within the other stock on hand.

Taxation
Taxation for the period 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.


R T & A M Ellis Cyf (Registered number: 07111197)

Notes to the Financial Statements - continued
for the Period 1 January 2023 to 31 March 2024

2. ACCOUNTING POLICIES - continued
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 period 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.

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 period was 6 (2022 - 4 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 January 2023 477,479 1,268,184 1,745,663
Additions - 334,136 334,136
Disposals - (139,375 ) (139,375 )
At 31 March 2024 477,479 1,462,945 1,940,424
DEPRECIATION
At 1 January 2023 8,044 561,760 569,804
Charge for period 2,919 180,103 183,022
Eliminated on disposal - (69,349 ) (69,349 )
At 31 March 2024 10,963 672,514 683,477
NET BOOK VALUE
At 31 March 2024 466,516 790,431 1,256,947
At 31 December 2022 469,435 706,424 1,175,859

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.12.22
£    £   
Trade debtors 1,607 -
Other debtors 20,000 39,445
21,607 39,445

R T & A M Ellis Cyf (Registered number: 07111197)

Notes to the Financial Statements - continued
for the Period 1 January 2023 to 31 March 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.12.22
£    £   
Bank loans and overdrafts 41,194 126,388
Hire purchase contracts 63,661 76,941
Trade creditors 158,616 21,822
Taxation and social security 89,856 42,885
Other creditors 8,911 111,404
362,238 379,440

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.12.22
£    £   
Bank loans 339,869 389,783
Hire purchase contracts 34,521 73,512
Other creditors 16,000 16,000
390,390 479,295

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 201,087 238,707

8. SECURED DEBTS

The Debt is all money and liabilities whatever, whenever and however incurred whether now or in the future due, or becoming due, from the Company to the Bank.

This includes but is not limited to,
(a) Overdrafts, loans or other facilities and further advances of money,
(b) Guarantees and indemnities to the Bank and any of the Company's other contingent liabilities,
(c) Discount, commission and other lawful charges and expenses,
(d) Interest in accordance with any agreement between the Company and the Bank and, if there is no agreement, interest on any money and liabilities due from the Company at an annual rate of 3% above the Bank's base rate from time to time computed and compounded monthly and/or according to the Bank's then current practice. Interest as above applies before and after any demand or judgement.

9. RELATED PARTY DISCLOSURES

During the period, total dividends of £70,920 (2022 - £66,065) were paid to the directors .

During the year, the directors accrued funds within a directors loan account. At the year-end the amalgamated totals of these funds was £5,101 (£108,441 - 2022) owing to the directors.

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
R T & A M Ellis 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 R T & A M Ellis Cyf for the period ended 31 March 2024 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 R T & A M Ellis 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 R T & A M Ellis Cyf and state those matters that we have agreed to state to the Board of Directors of R T & A M Ellis 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 R T & A M Ellis Cyf and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that R T & A M Ellis 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 R T & A M Ellis Cyf. You consider that R T & A M Ellis Cyf is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the financial statements of R T & A M Ellis 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: .............................................