REGISTERED NUMBER: |
Financial Statements |
for the Year Ended 31 March 2024 |
for |
Bwydlyn Cyf |
REGISTERED NUMBER: |
Financial Statements |
for the Year Ended 31 March 2024 |
for |
Bwydlyn Cyf |
Bwydlyn Cyf (Registered number: 03250501) |
Contents of the Financial Statements |
for the year ended 31 March 2024 |
Page |
Company Information | 1 |
Statement of Financial Position | 2 |
Notes to the Financial Statements | 3 |
Bwydlyn Cyf |
Company Information |
for the year ended 31 March 2024 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
AUDITORS: |
Chartered Accountants and Statutory Auditor |
Belmont House |
Shrewsbury Business Park |
Shrewsbury |
Shropshire |
SY2 6LG |
Bwydlyn Cyf (Registered number: 03250501) |
Statement of Financial Position |
31 March 2024 |
2024 | 2023 |
£ | £ |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings | ( |
) | ( |
) |
SHAREHOLDERS' FUNDS |
The financial statements were approved by the Board of Directors and authorised for issue on |
Bwydlyn Cyf (Registered number: 03250501) |
Notes to the Financial Statements |
for the year ended 31 March 2024 |
1. | STATUTORY INFORMATION |
Bwydlyn Cyf is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
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. |
Going concern |
The directors consider it to be appropriate to prepare the financial statements adopting the going concern basis on the grounds that the Company has sufficient support and resources available from its parent undertaking. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
Bwydlyn Cyf (Registered number: 03250501) |
Notes to the Financial Statements - continued |
for the year ended 31 March 2024 |
4. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006 |
The Report of the Auditors was unqualified. |
for and on behalf of |
5. | RELATED PARTY DISCLOSURES |
The company has taken advantage of the exemption in FRS 102 "Section 33" Related Party Disclosure" and has not disclosed transactions with group undertakings. |
6. | ULTIMATE CONTROLLING PARTY |
The immediate parent undertaking is Harlech Foodservice Limited, which is incorporated in the United Kingdom, and it's registered office is Parc Amaeth, Llanystumdwy, Criccieth, Gwynedd LL52 0LJ. A copy of the parent company's consolidated financial statements are available from Companies House. |
The parent company's shares are owned by several shareholders. No shareholder individually has the ability to control the activities of the Company and consequently it is considered that there is no ultimate controlling party. |