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REGISTERED NUMBER: 04098241 (England and Wales)









MENTER IAITH MALDWYN

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024






MENTER IAITH MALDWYN (REGISTERED NUMBER: 04098241)

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 4


MENTER IAITH MALDWYN

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: Mr G Evans
Cllr A W Davies
Mrs M R Vaughan
Mrs D L Gilbert
Mrs A Jones
Mr G W Ap Gwyn





SECRETARY: Mr E G Vaughan





REGISTERED OFFICE: The Cross
Broad Street
Newtown
Powys
SY16 2BB





REGISTERED NUMBER: 04098241 (England and Wales)

MENTER IAITH MALDWYN (REGISTERED NUMBER: 04098241)

STATEMENT OF FINANCIAL POSITION
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,075 525

CURRENT ASSETS
Debtors 5 87,668 124,932
Cash at bank 70,903 43,284
158,571 168,216
CREDITORS
Amounts falling due within one year 6 4,437 3,350
NET CURRENT ASSETS 154,134 164,866
TOTAL ASSETS LESS CURRENT
LIABILITIES

155,209

165,391

RESERVES
Income and expenditure account 155,209 165,391
155,209 165,391

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 surplus or deficit 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.

MENTER IAITH MALDWYN (REGISTERED NUMBER: 04098241)

STATEMENT OF FINANCIAL POSITION - continued
31 MARCH 2024



The financial statements were approved by the Board of Directors and authorised for issue on 27 December 2024 and were signed on its behalf by:





Mrs D L Gilbert - Director


MENTER IAITH MALDWYN (REGISTERED NUMBER: 04098241)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024


1. STATUTORY INFORMATION

Menter Iaith Maldwyn is a private company, limited by guarantee , 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
The company's main income consists of grants to be used for the company's purposes. Other income includes translation services provided on a commercial basis and income from activities carried out during the year.

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 - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance

Pensions
The company runs a pension through Powys County Council. Contributions payable for the year are shown in the Income and Expenditure account.

Government grants
Grants received in relation to expenditure raised on the Income and Expenditure account have been included in the Income.

3. EMPLOYEES AND DIRECTORS

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

MENTER IAITH MALDWYN (REGISTERED NUMBER: 04098241)

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


4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and
machinery fittings Totals
£    £    £   
COST
At 1 April 2023 22,736 808 23,544
Additions 840 - 840
At 31 March 2024 23,576 808 24,384
DEPRECIATION
At 1 April 2023 22,542 477 23,019
Charge for year 257 33 290
At 31 March 2024 22,799 510 23,309
NET BOOK VALUE
At 31 March 2024 777 298 1,075
At 31 March 2023 194 331 525

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 26,488 124,560
Other debtors 61,180 372
87,668 124,932

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other creditors 4,437 3,350