IRIS Accounts Production v24.1.0.576 10456524 director 1.5.23 30.4.24 30.4.24 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh104565242023-04-30104565242024-04-30104565242023-05-012024-04-30104565242022-04-30104565242022-05-012023-04-30104565242023-04-3010456524ns15:EnglandWales2023-05-012024-04-3010456524ns14:PoundSterling2023-05-012024-04-3010456524ns10:Director12023-05-012024-04-3010456524ns10:PrivateLimitedCompanyLtd2023-05-012024-04-3010456524ns10:SmallEntities2023-05-012024-04-3010456524ns10:AuditExempt-NoAccountantsReport2023-05-012024-04-3010456524ns10:SmallCompaniesRegimeForDirectorsReport2023-05-012024-04-3010456524ns10:SmallCompaniesRegimeForAccounts2023-05-012024-04-3010456524ns10:FullAccounts2023-05-012024-04-301045652412023-05-012024-04-3010456524ns10:RegisteredOffice2023-05-012024-04-3010456524ns5:CurrentFinancialInstruments2024-04-3010456524ns5:CurrentFinancialInstruments2023-04-3010456524ns5:Non-currentFinancialInstruments2024-04-3010456524ns5:Non-currentFinancialInstruments2023-04-3010456524ns5:ShareCapital2024-04-3010456524ns5:ShareCapital2023-04-3010456524ns5:SharePremium2024-04-3010456524ns5:SharePremium2023-04-3010456524ns5:RetainedEarningsAccumulatedLosses2024-04-3010456524ns5:RetainedEarningsAccumulatedLosses2023-04-3010456524ns5:IntangibleAssetsOtherThanGoodwill2023-05-012024-04-3010456524ns5:PatentsTrademarksLicencesConcessionsSimilar2023-05-012024-04-3010456524ns5:PlantMachinery2023-05-012024-04-3010456524ns5:IntangibleAssetsOtherThanGoodwill2023-04-3010456524ns5:IntangibleAssetsOtherThanGoodwill2024-04-3010456524ns5:IntangibleAssetsOtherThanGoodwill2023-04-3010456524ns5:PlantMachinery2023-04-3010456524ns5:PlantMachinery2024-04-3010456524ns5:PlantMachinery2023-04-3010456524ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-04-3010456524ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-04-3010456524ns5:Non-currentFinancialInstruments2023-05-012024-04-30
REGISTERED NUMBER: 10456524 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 April 2024

for

Cwmfit Limited

Cwmfit Limited (Registered number: 10456524)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Cwmfit Limited

Company Information
for the Year Ended 30 April 2024







DIRECTOR: Mrs W A Morris





REGISTERED OFFICE: Cwmtywyll Farm
Nantgaredig
Carmarthen
United Kingdom
SA32 7EX





REGISTERED NUMBER: 10456524 (England and Wales)





ACCOUNTANTS: M Chilton Accountancy Services Limited
16 Reed Mace Drive
Bromsgrove
Worcestershire
B61 0UJ

Cwmfit Limited (Registered number: 10456524)

Balance Sheet
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 9,999 12,499
Tangible assets 5 159,227 155,407
169,226 167,906

CURRENT ASSETS
Debtors 6 54,058 36,500
Cash at bank and in hand 11,068 43,078
65,126 79,578
CREDITORS
Amounts falling due within one year 7 68,959 66,382
NET CURRENT (LIABILITIES)/ASSETS (3,833 ) 13,196
TOTAL ASSETS LESS CURRENT
LIABILITIES

165,393

181,102

CREDITORS
Amounts falling due after more than one
year

8

(195,248

)

(223,224

)

ACCRUALS AND DEFERRED INCOME (3,730 ) (14,109 )
NET LIABILITIES (33,585 ) (56,231 )

CAPITAL AND RESERVES
Called up share capital 2 2
Share premium 150,000 150,000
Retained earnings (183,587 ) (206,233 )
(33,585 ) (56,231 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

Cwmfit Limited (Registered number: 10456524)

Balance Sheet - continued
30 April 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 director and authorised for issue on 24 September 2024 and were signed by:





Mrs W A Morris - Director


Cwmfit Limited (Registered number: 10456524)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

Cwmfit Limited 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.

Patents and licences are being amortised evenly over their estimated useful life of ten years.

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 cost and 10% on cost

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.

Cwmfit Limited (Registered number: 10456524)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2023 - 10 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 May 2023
and 30 April 2024 24,999
AMORTISATION
At 1 May 2023 12,500
Charge for year 2,500
At 30 April 2024 15,000
NET BOOK VALUE
At 30 April 2024 9,999
At 30 April 2023 12,499

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 May 2023 319,489
Additions 38,630
At 30 April 2024 358,119
DEPRECIATION
At 1 May 2023 164,082
Charge for year 34,810
At 30 April 2024 198,892
NET BOOK VALUE
At 30 April 2024 159,227
At 30 April 2023 155,407

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors 22,721 17,038
Other debtors 31,337 19,462
54,058 36,500

Cwmfit Limited (Registered number: 10456524)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans and overdrafts 35,589 45,478
Trade creditors 25,961 13,063
Taxation and social security 7,127 7,569
Other creditors 282 272
68,959 66,382

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.4.24 30.4.23
£    £   
Bank loans 169,360 180,761
Other creditors 25,888 42,463
195,248 223,224

Other creditors falling due after one year relates to amount owed to director/shareholder