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REGISTERED NUMBER: 07861866 (England and Wales)










Rhyd-Y-Cleifion Ltd

Unaudited Financial Statements

for the Year Ended 31 March 2024






Rhyd-Y-Cleifion Ltd (Registered number: 07861866)






Contents of the Financial Statements
for the year ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Rhyd-Y-Cleifion Ltd

Company Information
for the year ended 31 March 2024







DIRECTOR: Miss A L Jones





REGISTERED OFFICE: Ty'R Felin Argoed Hall Lane
Mynydd Isa
Mold
Flintshire
CH7 6SQ





REGISTERED NUMBER: 07861866 (England and Wales)





ACCOUNTANTS: Salisbury & Company
Chartered Accountants
Irish Square
Upper Denbigh Road
St Asaph
Denbighshire
LL17 0RN

Rhyd-Y-Cleifion Ltd (Registered number: 07861866)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 25,499 10,080
25,499 10,080

CURRENT ASSETS
Stocks 200 2,000
Debtors 6 16,138 12,825
Cash at bank 4 1,299
16,342 16,124
CREDITORS
Amounts falling due within one year 7 29,189 21,649
NET CURRENT LIABILITIES (12,847 ) (5,525 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

12,652

4,555

CREDITORS
Amounts falling due after more than one
year

8

12,538

2,996
NET ASSETS 114 1,559

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 14 1,459
114 1,559

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

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 director and authorised for issue on 27 August 2024 and were signed by:





Miss A L Jones - Director


Rhyd-Y-Cleifion Ltd (Registered number: 07861866)

Notes to the Financial Statements
for the year ended 31 March 2024

1. STATUTORY INFORMATION

Rhyd-Y-Cleifion Ltd 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.

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 - 25% on reducing balance
Motor vehicles - 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 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.

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 14 (2023 - 11 ) .

Rhyd-Y-Cleifion Ltd (Registered number: 07861866)

Notes to the Financial Statements - continued
for the year ended 31 March 2024

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 25,000
AMORTISATION
At 1 April 2023
and 31 March 2024 25,000
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -

5. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 April 2023 16,773 18,292 35,065
Additions 2,442 25,054 27,496
Disposals - (18,292 ) (18,292 )
At 31 March 2024 19,215 25,054 44,269
DEPRECIATION
At 1 April 2023 15,838 9,147 24,985
Charge for year 844 2,088 2,932
Eliminated on disposal - (9,147 ) (9,147 )
At 31 March 2024 16,682 2,088 18,770
NET BOOK VALUE
At 31 March 2024 2,533 22,966 25,499
At 31 March 2023 935 9,145 10,080

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 10,881 10,307
Other debtors 5,257 2,518
16,138 12,825

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 7,247 4,186
Hire purchase contracts 3,762 3,458
Taxation and social security 6,601 9,392
Other creditors 11,579 4,613
29,189 21,649

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 12,538 2,996