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REGISTERED NUMBER: 04692699 (England and Wales)















Blas ar Fwyd Cyf

Unaudited Financial Statements for the Year Ended 31 March 2024






Blas ar Fwyd Cyf (Registered number: 04692699)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Blas ar Fwyd Cyf

Company Information
for the Year Ended 31 March 2024







DIRECTORS: Mr D ap Dafydd
Mrs C Dafydd





SECRETARY: Mrs C Dafydd





REGISTERED OFFICE: 25 Heol yr Orsaf
Llanrwst
LL26 0BT





REGISTERED NUMBER: 04692699 (England and Wales)





ACCOUNTANTS: Pritchett & Co
Chartered Accountants and Chartered Tax Advisers
16 Wynnstay Road
Colwyn Bay
Conwy
LL29 8NB

Blas ar Fwyd Cyf (Registered number: 04692699)

Balance Sheet
31 March 2024

31/3/24 31/3/23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 20,000 30,000
Tangible assets 5 991,267 640,037
1,011,267 670,037

CURRENT ASSETS
Stocks 439,550 424,075
Debtors 6 590,339 532,734
Cash at bank and in hand 86,006 139,227
1,115,895 1,096,036
CREDITORS
Amounts falling due within one year 7 1,055,444 687,554
NET CURRENT ASSETS 60,451 408,482
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,071,718

1,078,519

CREDITORS
Amounts falling due after more than
one year

8

(201,305

)

(160,519

)

PROVISIONS FOR LIABILITIES (84,456 ) (84,456 )
NET ASSETS 785,957 833,544

CAPITAL AND RESERVES
Called up share capital 1,100 1,100
Retained earnings 784,857 832,444
785,957 833,544

Blas ar Fwyd Cyf (Registered number: 04692699)

Balance Sheet - continued
31 March 2024


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 11 September 2024 and were signed on its behalf by:





Mr D ap Dafydd - Director


Blas ar Fwyd Cyf (Registered number: 04692699)

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

1. STATUTORY INFORMATION

Blas ar Fwyd Cyf 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.

Goodwill
The cost of the goodwill is written off over its estimated useful life of 20 years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 etc - 25% on reducing balance and 20% 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 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.


Blas ar Fwyd Cyf (Registered number: 04692699)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 68 (2023 - 65 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 200,000
AMORTISATION
At 1 April 2023 170,000
Charge for year 10,000
At 31 March 2024 180,000
NET BOOK VALUE
At 31 March 2024 20,000
At 31 March 2023 30,000

Blas ar Fwyd Cyf (Registered number: 04692699)

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

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 April 2023 178,318 1,212,081 1,390,399
Additions 249,757 233,783 483,540
Disposals - (44,750 ) (44,750 )
At 31 March 2024 428,075 1,401,114 1,829,189
DEPRECIATION
At 1 April 2023 - 750,362 750,362
Charge for year - 123,019 123,019
Eliminated on disposal - (35,459 ) (35,459 )
At 31 March 2024 - 837,922 837,922
NET BOOK VALUE
At 31 March 2024 428,075 563,192 991,267
At 31 March 2023 178,318 461,719 640,037

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/24 31/3/23
£    £   
Trade debtors 479,286 401,382
Other debtors 111,053 131,352
590,339 532,734

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/24 31/3/23
£    £   
Hire purchase contracts 83,145 61,321
Trade creditors 560,159 418,658
Taxation and social security 28,953 17,733
Other creditors 383,187 189,842
1,055,444 687,554

Blas ar Fwyd Cyf (Registered number: 04692699)

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

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31/3/24 31/3/23
£    £   
Hire purchase contracts 79,325 103,147
Other creditors 121,980 57,372
201,305 160,519

9. SECURED DEBTS

The following secured debts are included within creditors:

31/3/24 31/3/23
£    £   
Hire purchase contracts 162,470 164,468

The bank overdraft is secured by a fixed and floating charge. The hire purchase liabilities are secured against the assets to which they relate.