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REGISTERED NUMBER: 10797682 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 October 2023

for

Tyddyn Sachau Nurseries Cyf.

Tyddyn Sachau Nurseries Cyf. (Registered number: 10797682)






Contents of the Financial Statements
for the Year Ended 31 October 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Report of the Accountants 8

Tyddyn Sachau Nurseries Cyf.

Company Information
for the Year Ended 31 October 2023







DIRECTORS: Mr S Ferris
Mrs N Ferris
Mrs E D Ferris





SECRETARY: Mr S Ferris





REGISTERED OFFICE: Tyddyn Sachau Nurseries Cyf
Y Ffor
Pwllheli
Gwynedd
LL53 6UB





REGISTERED NUMBER: 10797682 (England and Wales)





ACCOUNTANTS: Emyr Mortimer Cyf
4 Lower Cardiff Road
Pwllheli
Gwynedd
LL53 5BY

Tyddyn Sachau Nurseries Cyf. (Registered number: 10797682)

Balance Sheet
31 October 2023

31.10.23 31.10.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 13,200 16,500
Tangible assets 5 179,948 149,124
193,148 165,624

CURRENT ASSETS
Stocks 121,247 92,720
Debtors 6 15,531 3,365
Cash at bank and in hand 428,847 418,352
565,625 514,437
CREDITORS
Amounts falling due within one year 7 163,056 199,491
NET CURRENT ASSETS 402,569 314,946
TOTAL ASSETS LESS CURRENT
LIABILITIES

595,717

480,570

CREDITORS
Amounts falling due after more than
one year

8

(19,167

)

(29,167

)

PROVISIONS FOR LIABILITIES (13,777 ) -
NET ASSETS 562,773 451,403

Tyddyn Sachau Nurseries Cyf. (Registered number: 10797682)

Balance Sheet - continued
31 October 2023

31.10.23 31.10.22
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 300 300
Retained earnings 562,473 451,103
562,773 451,403

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2023 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.

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 30 September 2024 and were signed on its behalf by:




Mr S Ferris - Director



Mrs E D Ferris - Director


Tyddyn Sachau Nurseries Cyf. (Registered number: 10797682)

Notes to the Financial Statements
for the Year Ended 31 October 2023

1. STATUTORY INFORMATION

Tyddyn Sachau Nurseries 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

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.


Tyddyn Sachau Nurseries Cyf. (Registered number: 10797682)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

2. ACCOUNTING POLICIES - continued
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2022 - 11 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 November 2022
and 31 October 2023 33,000
AMORTISATION
At 1 November 2022 16,500
Charge for year 3,300
At 31 October 2023 19,800
NET BOOK VALUE
At 31 October 2023 13,200
At 31 October 2022 16,500

Tyddyn Sachau Nurseries Cyf. (Registered number: 10797682)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 November 2022 116,400 63,631 180,031
Additions - 43,950 43,950
Disposals - (1,667 ) (1,667 )
At 31 October 2023 116,400 105,914 222,314
DEPRECIATION
At 1 November 2022 2,328 28,579 30,907
Charge for year 3,226 8,233 11,459
At 31 October 2023 5,554 36,812 42,366
NET BOOK VALUE
At 31 October 2023 110,846 69,102 179,948
At 31 October 2022 114,072 35,052 149,124

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Trade debtors 1,176 3,365
Other debtors 14,355 -
15,531 3,365

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 57,567 102,267
Taxation and social security 56,113 27,100
Other creditors 39,376 60,124
163,056 199,491

Tyddyn Sachau Nurseries Cyf. (Registered number: 10797682)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.10.23 31.10.22
£    £   
Bank loans 19,167 29,167

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 October 2023 and 31 October 2022:

31.10.23 31.10.22
£    £   
Mr S Ferris
Balance outstanding at start of year 180 13,019
Amounts advanced 24,000 18,015
Amounts repaid (38,535 ) (30,854 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (14,355 ) 180

10. RELATED PARTY DISCLOSURES

During the year rent of £36,000 was paid to one of the directors (2022: £36,000)

Tyddyn Sachau Nurseries Cyf.

Report of the Accountants to the Directors of
Tyddyn Sachau Nurseries Cyf.

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 October 2023 set out on page nil and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Emyr Mortimer Cyf
4 Lower Cardiff Road
Pwllheli
Gwynedd
LL53 5BY


Date: .............................................