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REGISTERED NUMBER: 03664745 (England and Wales)













UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

CLEDDAU FINANCIAL SERVICES LIMITED

CLEDDAU FINANCIAL SERVICES LIMITED (REGISTERED NUMBER: 03664745)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


CLEDDAU FINANCIAL SERVICES LIMITED

COMPANY INFORMATION
for the Year Ended 31 March 2024







DIRECTORS: Mr A M North
Mr J North





SECRETARY: Mrs S North





REGISTERED OFFICE: 56 High Street
Neyland
Milford Haven
Pembrokeshire
SA73 1TF





REGISTERED NUMBER: 03664745 (England and Wales)





ACCOUNTANTS: L M Griffiths & Co Limited
Chartered Certified Accountants
1&2 Merlins Court
Winch Lane
Haverfordwest
Pembrokeshire
SA61 1SB

CLEDDAU FINANCIAL SERVICES LIMITED (REGISTERED NUMBER: 03664745)

STATEMENT OF FINANCIAL POSITION
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 5 3,487 4,873

CURRENT ASSETS
Debtors 6 290,559 300,082
Cash at bank 167,311 144,006
457,870 444,088
CREDITORS
Amounts falling due within one year 7 40,356 35,755
NET CURRENT ASSETS 417,514 408,333
TOTAL ASSETS LESS CURRENT
LIABILITIES

421,001

413,206

CAPITAL AND RESERVES
Called up share capital 3,003 3,003
Retained earnings 417,998 410,203
SHAREHOLDERS' FUNDS 421,001 413,206

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

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

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 22 November 2024 and were signed on its behalf by:





Mr A M North - Director


CLEDDAU FINANCIAL SERVICES LIMITED (REGISTERED NUMBER: 03664745)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Cleddau Financial Services 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

These financial statements have been prepared in accordance with the Companies Act 2006 and with the
applicable Accounting Standards. The director is not aware of any material uncertainties in making his
assessment of going concern. As a result he has adopted the going concern basis of accounting.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Property, plant and equipment
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 15% on cost

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 statement of financial position date.

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.

Income recognition
The company's turnover represents commissions. The company recognises revenue as soon as the clients
provider has completed the contract.

4. EMPLOYEES AND DIRECTORS

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

CLEDDAU FINANCIAL SERVICES LIMITED (REGISTERED NUMBER: 03664745)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2024

5. PROPERTY, PLANT AND EQUIPMENT
Fixtures
Plant and and
machinery fittings Totals
£    £    £   
COST
At 1 April 2023
and 31 March 2024 21,400 1,498 22,898
DEPRECIATION
At 1 April 2023 17,315 710 18,025
Charge for year 1,161 225 1,386
At 31 March 2024 18,476 935 19,411
NET BOOK VALUE
At 31 March 2024 2,924 563 3,487
At 31 March 2023 4,085 788 4,873

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 41,754 43,862
Other debtors 248,805 256,220
290,559 300,082

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 1,095 4,571
Taxation and social security 34,131 27,533
Other creditors 5,130 3,651
40,356 35,755

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2024 and 31 March 2023:

2024 2023
£    £   
Mr A M North
Balance outstanding at start of year 234,739 242,296
Amounts advanced (7,216 ) (7,557 )
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 227,523 234,739

CLEDDAU FINANCIAL SERVICES LIMITED (REGISTERED NUMBER: 03664745)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2024

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr A M North.