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REGISTERED NUMBER: 04281615 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST JANUARY 2024

FOR

CANOLFAN ARWERTHIANT BRYNCIR CYF

CANOLFAN ARWERTHIANT BRYNCIR CYF (REGISTERED NUMBER: 04281615)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST JANUARY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CANOLFAN ARWERTHIANT BRYNCIR CYF

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST JANUARY 2024







DIRECTORS: Mr John Huw Hughes
Mr John Lloyd Williams
Mr Iolo Pierce Ellis





SECRETARY: Mr John Lloyd Williams





REGISTERED OFFICE: The Old Police Station
Gaerwen
Anglesey
Gwynedd
LL60 6BL





REGISTERED NUMBER: 04281615 (England and Wales)





AUDITORS: Richard Williams & Co
Chartered Accountants
The Old Police Station
Gaerwen
Anglesey
LL60 6BL

CANOLFAN ARWERTHIANT BRYNCIR CYF (REGISTERED NUMBER: 04281615)

BALANCE SHEET
31ST JANUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 253,667 225,091
Investments 5 5,200 5,200
258,867 230,291

CURRENT ASSETS
Stocks 1,696 1,812
Debtors 6 949,611 675,061
Investments 7 93,553 92,036
Cash at bank and in hand 235,964 412,850
1,280,824 1,181,759
CREDITORS
Amounts falling due within one year 8 273,258 245,147
NET CURRENT ASSETS 1,007,566 936,612
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,266,433

1,166,903

CREDITORS
Amounts falling due after more than one
year

9

(73,413

)

(86,318

)

PROVISIONS FOR LIABILITIES (26,164 ) (26,164 )
NET ASSETS 1,166,856 1,054,421

CAPITAL AND RESERVES
Called up share capital 129,601 129,601
Capital redemption reserve 1,500 1,500
Retained earnings 1,035,755 923,320
SHAREHOLDERS' FUNDS 1,166,856 1,054,421

CANOLFAN ARWERTHIANT BRYNCIR CYF (REGISTERED NUMBER: 04281615)

BALANCE SHEET - continued
31ST JANUARY 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 30th October 2024 and were signed on its behalf by:




Mr John Huw Hughes - Director Mr John Lloyd Williams - Director




Mr Iolo Pierce Ellis - Director


CANOLFAN ARWERTHIANT BRYNCIR CYF (REGISTERED NUMBER: 04281615)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST JANUARY 2024

1. STATUTORY INFORMATION

Canolfan Arwerthiant Bryncir 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 represents net invoiced sales of goods and services, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - not provided and Straight line over 25 years
Plant and machinery etc - 20% on reducing balance, 15% on reducing balance, 5% on reducing balance and Straight line over 25 years

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.

Grants
Grants received are towards expenditure on fixed assets and are recognised in the Profit and loss account over the useful economic life of the related assets in accordance with their depreciation policy.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 4 ) .

CANOLFAN ARWERTHIANT BRYNCIR CYF (REGISTERED NUMBER: 04281615)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST JANUARY 2024

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1st February 2023 48,039 341,736 389,775
Additions - 32,671 32,671
At 31st January 2024 48,039 374,407 422,446
DEPRECIATION
At 1st February 2023 16,430 148,254 164,684
Charge for year 784 3,311 4,095
At 31st January 2024 17,214 151,565 168,779
NET BOOK VALUE
At 31st January 2024 30,825 222,842 253,667
At 31st January 2023 31,609 193,482 225,091

5. FIXED ASSET INVESTMENTS
Own
shares
£   
COST
At 1st February 2023
and 31st January 2024 5,200
NET BOOK VALUE
At 31st January 2024 5,200
At 31st January 2023 5,200

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 828,934 561,336
Other debtors 120,677 113,725
949,611 675,061

7. CURRENT ASSET INVESTMENTS
2024 2023
£    £   
Bank-re Credit insurance 93,553 92,036

CANOLFAN ARWERTHIANT BRYNCIR CYF (REGISTERED NUMBER: 04281615)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST JANUARY 2024

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 390 4,855
Taxation and social security 35,570 30,627
Other creditors 237,298 209,665
273,258 245,147

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Other creditors 73,413 86,318

10. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Richard Williams (Senior Statutory Auditor)
for and on behalf of Richard Williams & Co

11. RELATED PARTY DISCLOSURES

1) Mr John Lloyd Williams & Mr John Huw Hughes are also the Directors of Lloyd Williams & Hughes Cyf, a company which provided professional services to Canolfan Arwerthiant Bryncir Cyf.
During the year the following transactions / conditions existed between the parties:

a) The company entered into transactions totalling £84,000 with Lloyd Williams & Hughes Cyf.

b) The freehold property - the Bryncir auction site is owned as a tenant in common with Lloyd Williams & Hughes Cyf.


2) Canolfan Arwerthiant Bryncir Cyf also provides services to its shareholders as they buy/sell livestock/machinery through the market. However, it is considered that to provide this information, the cost would be greater than the benefit.

12. ULTIMATE CONTROLLING PARTY

Ultimate control of the company is held by:

Mr J L Williams - 44% Class A
Mr J H Hughes - 44% Class A
Mr Iolo Pierce Ellis - 10% Class A
Mr Arwel Vaughan Roberts - 2% Class A

13. AUTHORISATION OF THE ISSUE OF THE FINANCIAL STATEMENTS

The financial statements for the year-ended 31st of January 2023 were authorised for issue on the date of the approval of the financial statements by the Directors. The authorisation for issue of the financial statements was given by the Board of Directors.