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REGISTERED NUMBER: 07875528 (Wales)















Unaudited Financial Statements for the Year Ended 31st December 2023

for

Lingo Lowri Gwyn Cyf

Lingo Lowri Gwyn Cyf (Registered number: 07875528)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Lingo Lowri Gwyn Cyf

Company Information
for the Year Ended 31st December 2023







DIRECTORS: Mrs L Gwyn
S Gwyn





SECRETARY:





REGISTERED OFFICE: Morlan
Ffordd Bangor
Caernarfon
Gwynedd
LL55 1LN





REGISTERED NUMBER: 07875528 (Wales)





ACCOUNTANTS: A.Hughes-Jones, Dyson & Co.
Capel Moreia
South Penrallt
Caernarfon
Gwynedd
LL55 1NS

Lingo Lowri Gwyn Cyf (Registered number: 07875528)

Balance Sheet
31st December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,063 3,593

CURRENT ASSETS
Debtors 5 5,839 9,437
Investments 6 19,164 8,000
Cash at bank 85,836 82,564
110,839 100,001
CREDITORS
Amounts falling due within one year 7 30,626 32,571
NET CURRENT ASSETS 80,213 67,430
TOTAL ASSETS LESS CURRENT
LIABILITIES

83,276

71,023

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 83,274 71,021
SHAREHOLDERS' FUNDS 83,276 71,023

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

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

Lingo Lowri Gwyn Cyf (Registered number: 07875528)

Balance Sheet - continued
31st 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 25th September 2024 and were signed on its behalf by:





Mrs L Gwyn - Director


Lingo Lowri Gwyn Cyf (Registered number: 07875528)

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

1. STATUTORY INFORMATION

Lingo Lowri Gwyn 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.

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.
Plant and machinery etc - 25% on reducing balance and 20% on reducing balance

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.

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 2 (2022 - 2 ) .

Lingo Lowri Gwyn Cyf (Registered number: 07875528)

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st January 2023 14,450
Additions 309
At 31st December 2023 14,759
DEPRECIATION
At 1st January 2023 10,857
Charge for year 839
At 31st December 2023 11,696
NET BOOK VALUE
At 31st December 2023 3,063
At 31st December 2022 3,593

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 5,839 9,437

6. CURRENT ASSET INVESTMENTS
31.12.23 31.12.22
£    £   
Listed investments 19,164 8,000

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Taxation and social security 13,295 17,041
Other creditors 17,331 15,530
30,626 32,571