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REGISTERED NUMBER: 03205080 (England and Wales)















SESIWN FAWR DOLGELLAU

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29 FEBRUARY 2024






SESIWN FAWR DOLGELLAU (REGISTERED NUMBER: 03205080)

CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 29 FEBRUARY 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SESIWN FAWR DOLGELLAU

COMPANY INFORMATION
for the Year Ended 29 FEBRUARY 2024







DIRECTORS: Y Myfyr
Miss B Evans
Ms E Jones
D E Lloyd
E Llwyd
A G Owen





SECRETARY: Y Myfyr





REGISTERED OFFICE: Bryn Ethin
Ffordd y Gader
Dolgellau
Gwynedd
LL40 1RH





REGISTERED NUMBER: 03205080 (England and Wales)





ACCOUNTANTS: E W Owen & Co
Glyndwr Buildings
Glyndwr Street
Dolgellau
Gwynedd
LL40 1BB

SESIWN FAWR DOLGELLAU (REGISTERED NUMBER: 03205080)

BALANCE SHEET
29 FEBRUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 5,386 2,742

CURRENT ASSETS
Stocks 1,000 1,000
Debtors 5 8,000 3,500
Cash at bank 35,813 21,846
44,813 26,346
CREDITORS
Amounts falling due within one year 6 4,117 642
NET CURRENT ASSETS 40,696 25,704
TOTAL ASSETS LESS CURRENT
LIABILITIES

46,082

28,446

PROVISIONS FOR LIABILITIES 1,023 521
NET ASSETS 45,059 27,925

RESERVES
Income and expenditure account 45,059 27,925
45,059 27,925

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 surplus or deficit 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.

SESIWN FAWR DOLGELLAU (REGISTERED NUMBER: 03205080)

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 18 July 2024 and were signed on its behalf by:





Y Myfyr - Director


SESIWN FAWR DOLGELLAU (REGISTERED NUMBER: 03205080)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 29 FEBRUARY 2024


1. STATUTORY INFORMATION

Sesiwn Fawr Dolgellau is a private company, limited by guarantee , 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.

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 - 20% on reducing balance and 10% 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 surplus or deficit on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

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

SESIWN FAWR DOLGELLAU (REGISTERED NUMBER: 03205080)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 29 FEBRUARY 2024


4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
Equipment fittings equipment Totals
£    £    £    £   
COST
At 1 March 2023 2,167 84 1,453 3,704
Additions 3,324 - - 3,324
At 29 February 2024 5,491 84 1,453 7,028
DEPRECIATION
At 1 March 2023 217 36 709 962
Charge for year 527 4 149 680
At 29 February 2024 744 40 858 1,642
NET BOOK VALUE
At 29 February 2024 4,747 44 595 5,386
At 28 February 2023 1,950 48 744 2,742

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 8,000 3,500

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 600 480
Taxation and social security 3,517 162
4,117 642