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REGISTERED NUMBER: 04711335 (England and Wales)














Unaudited Financial Statements

for the Year Ended 31 March 2024

for

Ffynonbrodyr Limited

Ffynonbrodyr Limited (Registered number: 04711335)






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


Ffynonbrodyr Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: J R Davies
Mrs AM Davies





SECRETARY: Mrs AM Davies





REGISTERED OFFICE: Williamston House
7 Goat Street
Haverfordwest
Pembrokeshire
SA61 1PX





REGISTERED NUMBER: 04711335 (England and Wales)

Ffynonbrodyr Limited (Registered number: 04711335)

Abridged Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 758,888 801,189

CURRENT ASSETS
Stocks 443,846 454,726
Debtors 191,362 185,331
Investments 68,486 68,486
703,694 708,543
CREDITORS
Amounts falling due within one year 525,755 531,662
NET CURRENT ASSETS 177,939 176,881
TOTAL ASSETS LESS CURRENT
LIABILITIES

936,827

978,070

CREDITORS
Amounts falling due after more than one
year

(112,134

)

(182,001

)

PROVISIONS FOR LIABILITIES (86,257 ) (75,564 )
NET ASSETS 738,436 720,505

CAPITAL AND RESERVES
Called up share capital 4 4
Retained earnings 738,432 720,501
738,436 720,505

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.

Ffynonbrodyr Limited (Registered number: 04711335)

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 26 November 2024 and were signed on its behalf by:




J R Davies - Director



Mrs AM Davies - Director


Ffynonbrodyr Limited (Registered number: 04711335)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Ffynonbrodyr 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.

Tangible fixed assets
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 reducing balance

Stocks
Stock and biological assets are included at the lower of cost and estimated selling price less costs to sell.

Investments
Investments are measured at cost less impairment.

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.

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.

3. EMPLOYEES AND DIRECTORS

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

Ffynonbrodyr Limited (Registered number: 04711335)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2023 1,379,005
Additions 19,939
At 31 March 2024 1,398,944
DEPRECIATION
At 1 April 2023 577,816
Charge for year 62,240
At 31 March 2024 640,056
NET BOOK VALUE
At 31 March 2024 758,888
At 31 March 2023 801,189

5. SECURED DEBTS

The following secured debts are included within creditors:

31.3.24 31.3.23
£    £   
Bank overdrafts 3,074 49,003
Bank loans 120,554 170,775
123,628 219,778