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REGISTERED NUMBER: 11048151 (England and Wales)















TYDDYN LLWYN LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2024






TYDDYN LLWYN LIMITED (REGISTERED NUMBER: 11048151)

CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 31 January 2024










Page

Company Information 1

Abridged Balance Sheet 2 to 4

Notes to the Financial Statements 5 to 7


TYDDYN LLWYN LIMITED

COMPANY INFORMATION
For The Year Ended 31 January 2024







DIRECTORS: Mr A P Wright
Mrs C D Wright





REGISTERED OFFICE: Tyddyn Llwyn Caravan Park
Morfa Bychan Road
Porthmadog
Gwynedd
LL49 9UR





REGISTERED NUMBER: 11048151 (England and Wales)





ACCOUNTANTS: The Rees Partnership
Bentley Bridge House
Chesterfield Road
Matlock
Derbyshire
DE4 5LE

TYDDYN LLWYN LIMITED (REGISTERED NUMBER: 11048151)

ABRIDGED BALANCE SHEET
31 January 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 2,604,473 2,612,467

CURRENT ASSETS
Stocks 15,949 59,057
Debtors 785 459
Prepayments and accrued income 16,367 10,930
Cash at bank and in hand 3,457 38,026
36,558 108,472
CREDITORS
Amounts falling due within one year (276,346 ) (304,770 )
NET CURRENT LIABILITIES (239,788 ) (196,298 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,364,685

2,416,169

CREDITORS
Amounts falling due after more than one
year

5

(577,769

)

(690,714

)

PROVISIONS FOR LIABILITIES (828 ) (1,234 )
NET ASSETS 1,786,088 1,724,221

CAPITAL AND RESERVES
Called up share capital 1,342,318 1,342,318
Retained earnings 443,770 381,903
1,786,088 1,724,221

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

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

TYDDYN LLWYN LIMITED (REGISTERED NUMBER: 11048151)

ABRIDGED BALANCE SHEET - continued
31 January 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 January 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

TYDDYN LLWYN LIMITED (REGISTERED NUMBER: 11048151)

ABRIDGED BALANCE SHEET - continued
31 January 2024



The financial statements were approved by the Board of Directors and authorised for issue on 31 October 2024 and were signed on its behalf by:




Mrs C D Wright - Director



Mr A P Wright - Director


TYDDYN LLWYN LIMITED (REGISTERED NUMBER: 11048151)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 31 January 2024


1. STATUTORY INFORMATION

Tyddyn Llwyn 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 25% on reducing balance and 20% 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.

TYDDYN LLWYN LIMITED (REGISTERED NUMBER: 11048151)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 January 2024


2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Assets held under finance leases and hire purchase contracts, which are those where substantially all the risks and rewards of ownership of the asset have passed to the company, are capitalised in the balance sheet and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability.

The interest element of the rental obligations is charged to the profit and loss account over the period of the lease and represents a constant proportion of the balance of capital repayments outstanding.

Rentals paid under operating leases are charged to income on as incurred over the lease term.

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 12 (2023 - 11 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 February 2023 2,802,272
Additions 13,385
Disposals (61,208 )
At 31 January 2024 2,754,449
DEPRECIATION
At 1 February 2023 189,805
Charge for year 18,839
Eliminated on disposal (58,668 )
At 31 January 2024 149,976
NET BOOK VALUE
At 31 January 2024 2,604,473
At 31 January 2023 2,612,467

TYDDYN LLWYN LIMITED (REGISTERED NUMBER: 11048151)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 January 2024


4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Totals
£   
COST
At 1 February 2023
and 31 January 2024 66,386
DEPRECIATION
At 1 February 2023 33,516
Charge for year 7,713
At 31 January 2024 41,229
NET BOOK VALUE
At 31 January 2024 25,157
At 31 January 2023 32,870

5. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE
YEARS
2024 2023
£    £   
Repayable by instalments
Bank loans more 5 yr by instal 42,354 113,091

6. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank overdraft 18,329 -
Bank loans 374,121 434,275
392,450 434,275

The loans are secured by fixed and floating charges cover the company's assets by Clydesdale Bank Plc.

7. RELATED PARTY DISCLOSURES

There have been no material transactions with any related parties, other than those with the directors.

8. ULTIMATE CONTROLLING PARTY

The company is controlled by its directors, by virtue of their shareholdings.