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REGISTERED NUMBER: 12941248 (England and Wales)















Unaudited Financial Statements for the Year Ended 29 February 2024

for

Lloyd Evans & Hughes Cyf

Lloyd Evans & Hughes Cyf (Registered number: 12941248)






Contents of the Financial Statements
for the Year Ended 29 February 2024




Page

Balance Sheet 1

Notes to the Financial Statements 3


Lloyd Evans & Hughes Cyf (Registered number: 12941248)

Balance Sheet
29 February 2024

29.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 7,435 5,290

CURRENT ASSETS
Debtors 5 20,290 19,719
Investments 6 200 200
Cash at bank 177,004 183,151
197,494 203,070
CREDITORS
Amounts falling due within one year 7 73,304 76,379
NET CURRENT ASSETS 124,190 126,691
TOTAL ASSETS LESS CURRENT
LIABILITIES

131,625

131,981

PROVISIONS FOR LIABILITIES 8 1,636 1,005
NET ASSETS 129,989 130,976

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 129,987 130,974
SHAREHOLDERS' FUNDS 129,989 130,976

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 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.

Lloyd Evans & Hughes Cyf (Registered number: 12941248)

Balance Sheet - continued
29 February 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 4 October 2024 and were signed on its behalf by:




S P Hughes - Director



Mrs S L Evans - Director


Lloyd Evans & Hughes Cyf (Registered number: 12941248)

Notes to the Financial Statements
for the Year Ended 29 February 2024

1. STATUTORY INFORMATION

Lloyd Evans & Hughes Cyf is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 12941248

Registered office: 20 Heol Y Dwr
Penygroes
Caernarfon
Gwynedd
LL54 6LR

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.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 2 ) .

Lloyd Evans & Hughes Cyf (Registered number: 12941248)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 March 2023 8,913
Additions 4,623
At 29 February 2024 13,536
DEPRECIATION
At 1 March 2023 3,623
Charge for year 2,478
At 29 February 2024 6,101
NET BOOK VALUE
At 29 February 2024 7,435
At 28 February 2023 5,290

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Trade debtors 17,390 17,649
Other debtors 2,900 2,070
20,290 19,719

6. CURRENT ASSET INVESTMENTS
29.2.24 28.2.23
£    £   
Unlisted investments 200 200

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Taxation and social security 33,142 37,220
Other creditors 40,162 39,159
73,304 76,379

8. PROVISIONS FOR LIABILITIES
29.2.24 28.2.23
£    £   
Deferred tax 1,636 1,005

Lloyd Evans & Hughes Cyf (Registered number: 12941248)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

8. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 March 2023 1,005
Charge to Statement of Income and Retained Earnings during year 631
Balance at 29 February 2024 1,636