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REGISTERED NUMBER: 07138085 (England and Wales)












Unaudited Financial Statements

for the Year Ended 31 March 2024

for

Cilau Fawr Limited

Cilau Fawr Limited (Registered number: 07138085)






Contents of the Financial Statements
for the year ended 31 March 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Cilau Fawr Limited

Company Information
for the year ended 31 March 2024







DIRECTORS: D.T. Davies
Mrs G.E.F. Davies





SECRETARY: Mrs G.E.F. Davies





REGISTERED OFFICE: Cilaufawr
CLYNDERWEN
Carmarthenshire
SA66 7UT





REGISTERED NUMBER: 07138085 (England and Wales)

Cilau Fawr Limited (Registered number: 07138085)

Abridged Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 187,434 166,692

CURRENT ASSETS
Stocks 95,060 97,940
Debtors 377,921 379,244
Cash at bank 77,603 83,015
550,584 560,199
CREDITORS
Amounts falling due within one year 143,599 142,518
NET CURRENT ASSETS 406,985 417,681
TOTAL ASSETS LESS CURRENT
LIABILITIES

594,419

584,373

PROVISIONS FOR LIABILITIES 27,249 21,833
NET ASSETS 567,170 562,540

CAPITAL AND RESERVES
Called up share capital 400,060 400,060
Retained earnings 167,110 162,480
SHAREHOLDERS' FUNDS 567,170 562,540

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.

Cilau Fawr Limited (Registered number: 07138085)

Abridged Balance Sheet - continued
31 March 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 March 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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

The financial statements were approved by the Board of Directors and authorised for issue on 3 September 2024 and were signed on its behalf by:




D.T. Davies - Director



Mrs G.E.F. Davies - Director


Cilau Fawr Limited (Registered number: 07138085)

Notes to the Financial Statements
for the year ended 31 March 2024

1. STATUTORY INFORMATION

Cilau Fawr 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.
Imprvmts Leasehold Property - 5% on cost
Plant and machinery - 15% on reducing balance
Tractors - 15% on reducing balance
Motor vehicles - 15% 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 Statement of Income and Retained Earnings, 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

Cilau Fawr Limited (Registered number: 07138085)

Notes to the Financial Statements - continued
for the year ended 31 March 2024

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2023 436,252
Additions 46,493
At 31 March 2024 482,745
DEPRECIATION
At 1 April 2023 269,560
Charge for year 25,751
At 31 March 2024 295,311
NET BOOK VALUE
At 31 March 2024 187,434
At 31 March 2023 166,692

5. RELATED PARTY DISCLOSURES

A rental charge in the sum of £5,000 was paid in the year to Mr DT Davies and Mrs GEF Davies.