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Registered number: 08894333
Aled Rhys Evans Ltd
Unaudited Financial Statements
For The Year Ended 28 February 2024
SWB Business Solutions Ltd
1st Floor Office
105 Church Street
Tewkesbury
Gloucestershire
GL20 5AB
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 08894333
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 3 6,360
Tangible Assets 5 21,121 23,358
21,124 29,718
CURRENT ASSETS
Debtors 6 257,707 -
Cash at bank and in hand 54,851 392,192
312,558 392,192
Creditors: Amounts Falling Due Within One Year 7 (1,542 ) (66,554 )
NET CURRENT ASSETS (LIABILITIES) 311,016 325,638
TOTAL ASSETS LESS CURRENT LIABILITIES 332,140 355,356
NET ASSETS 332,140 355,356
CAPITAL AND RESERVES
Called up share capital 8 60 60
Profit and Loss Account 332,080 355,296
SHAREHOLDERS' FUNDS 332,140 355,356
Page 1
Page 2
For the year ending 28 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Aled Evans
Director
6 November 2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Aled Rhys Evans Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 08894333 . The registered office is Little Mill, Creigiau, Cardiff, CF15 9NN.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 10 years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold Straight Line over 15 Years
Plant & Machinery Straight Line over 15 Years
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2023: 3)
3 3
4. Intangible Assets
Goodwill
£
Cost
As at 1 March 2023 63,627
As at 28 February 2024 63,627
Amortisation
As at 1 March 2023 57,267
Provided during the period 6,357
As at 28 February 2024 63,624
Net Book Value
As at 28 February 2024 3
As at 1 March 2023 6,360
Page 3
Page 4
5. Tangible Assets
Land & Property
Freehold Plant & Machinery Total
£ £ £
Cost
As at 1 March 2023 22,929 10,660 33,589
As at 28 February 2024 22,929 10,660 33,589
Depreciation
As at 1 March 2023 7,644 2,587 10,231
Provided during the period 1,527 710 2,237
As at 28 February 2024 9,171 3,297 12,468
Net Book Value
As at 28 February 2024 13,758 7,363 21,121
As at 1 March 2023 15,285 8,073 23,358
6. Debtors
2024 2023
£ £
Due within one year
Other debtors 257,707 -
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Accruals and deferred income 1,050 1,050
Director's loan account 492 65,504
1,542 66,554
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 60 60
Page 4