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REGISTERED NUMBER: 04326012 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST AUGUST 2024

FOR

D.I. EVANS CYFYNGEDIG

D.I. EVANS CYFYNGEDIG (REGISTERED NUMBER: 04326012)






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




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


D.I. EVANS CYFYNGEDIG

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST AUGUST 2024







DIRECTORS: Mrs L M Evans
Mr L T Evans





REGISTERED OFFICE: Gwrthwynt, Beulah
Newcastle Emlyn
Dyfed
SA38 9QE





REGISTERED NUMBER: 04326012 (England and Wales)

D.I. EVANS CYFYNGEDIG (REGISTERED NUMBER: 04326012)

ABRIDGED BALANCE SHEET
31ST AUGUST 2024

2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible assets 4 120,000 150,000
Tangible assets 5 714,134 667,050
834,134 817,050

CURRENT ASSETS
Stocks 20,000 20,000
Debtors 253,639 221,210
Cash at bank 1,248,704 993,724
1,522,343 1,234,934
CREDITORS
Amounts falling due within one year 495,189 374,724
NET CURRENT ASSETS 1,027,154 860,210
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,861,288

1,677,260

CREDITORS
Amounts falling due after more than one
year

(92

)

(11,892

)

PROVISIONS FOR LIABILITIES (179,000 ) (165,000 )
NET ASSETS 1,682,196 1,500,368

CAPITAL AND RESERVES
Called up share capital 3 3
Retained earnings 1,682,193 1,500,365
SHAREHOLDERS' FUNDS 1,682,196 1,500,368

D.I. EVANS CYFYNGEDIG (REGISTERED NUMBER: 04326012)

ABRIDGED BALANCE SHEET - continued
31ST AUGUST 2024


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

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

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31st August 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.

The financial statements were approved by the Board of Directors and authorised for issue on 28th November 2024 and were signed on its behalf by:





Mr L T Evans - Director


D.I. EVANS CYFYNGEDIG (REGISTERED NUMBER: 04326012)

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

1. STATUTORY INFORMATION

D.I. Evans Cyfyngedig 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. 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 2004, is being amortised evenly over its estimated useful life of twenty five 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.
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.


D.I. EVANS CYFYNGEDIG (REGISTERED NUMBER: 04326012)

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

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.

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.

Going concern basis of accounting
The accounts have been prepared on the assumption that the company is able to carry on business as a going concern, which the directors consider appropriate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2023 - 9 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£
COST
At 1st September 2023
and 31st August 2024 750,000
AMORTISATION
At 1st September 2023 600,000
Amortisation for year 30,000
At 31st August 2024 630,000
NET BOOK VALUE

At 31st August 2024 120,000
At 31st August 2023 150,000

D.I. EVANS CYFYNGEDIG (REGISTERED NUMBER: 04326012)

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

5. TANGIBLE FIXED ASSETS
Totals
£
COST
At 1st September 2023 2,380,966
Additions 179,242
Disposals (39,319 )
At 31st August 2024 2,520,889
DEPRECIATION
At 1st September 2023 1,713,916
Charge for year 128,547
Eliminated on disposal (35,708 )
At 31st August 2024 1,806,755
NET BOOK VALUE
At 31st August 2024 714,134
At 31st August 2023 667,050