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REGISTERED NUMBER: 05607450 (England and Wales)















Unaudited Financial Statements for the Year Ended 31st March 2024

for

Moduron Menai Cyf

Moduron Menai Cyf (Registered number: 05607450)






Contents of the Financial Statements
for the Year Ended 31st March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Moduron Menai Cyf

Company Information
for the Year Ended 31st March 2024







DIRECTOR: D H Thomas





SECRETARY: Mrs G L Thomas





REGISTERED OFFICE: Argraig
Ael Y Garth
Caernarfon
Gwynedd
LL55 1HA





REGISTERED NUMBER: 05607450 (England and Wales)





ACCOUNTANTS: A.Hughes-Jones, Dyson & Co.
Capel Moreia
South Penrallt
Caernarfon
Gwynedd
LL55 1NS

Moduron Menai Cyf (Registered number: 05607450)

Balance Sheet
31st March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 21,178 22,169

CURRENT ASSETS
Stocks 419,810 408,488
Debtors 5 120,325 54,787
Cash at bank - 22,103
540,135 485,378
CREDITORS
Amounts falling due within one year 6 526,592 435,567
NET CURRENT ASSETS 13,543 49,811
TOTAL ASSETS LESS CURRENT
LIABILITIES

34,721

71,980

CREDITORS
Amounts falling due after more than one year 7 (10,979 ) (21,238 )

PROVISIONS FOR LIABILITIES (634 ) (818 )
NET ASSETS 23,108 49,924

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 23,008 49,824
SHAREHOLDERS' FUNDS 23,108 49,924

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

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

The director acknowledges his 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.

Moduron Menai Cyf (Registered number: 05607450)

Balance Sheet - continued
31st March 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 12th September 2024 and were signed by:





D H Thomas - Director


Moduron Menai Cyf (Registered number: 05607450)

Notes to the Financial Statements
for the Year Ended 31st March 2024

1. STATUTORY INFORMATION

Moduron Menai Cyf 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.

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 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.

Moduron Menai Cyf (Registered number: 05607450)

Notes to the Financial Statements - continued
for the Year Ended 31st March 2024

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st April 2023
and 31st March 2024 33,209
DEPRECIATION
At 1st April 2023 11,040
Charge for year 991
At 31st March 2024 12,031
NET BOOK VALUE
At 31st March 2024 21,178
At 31st March 2023 22,169

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 116,810 45,844
Other debtors 3,515 8,943
120,325 54,787

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 52,467 10,428
Trade creditors 90,028 61,705
Taxation and social security 1,122 483
Other creditors 382,975 362,951
526,592 435,567

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Bank loans 10,979 21,238