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REGISTERED NUMBER: 14087460 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2024

for

W H Evans Cyfyngedig

W H Evans Cyfyngedig (Registered number: 14087460)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Balance Sheet 1

Notes to the Financial Statements 3


W H Evans Cyfyngedig (Registered number: 14087460)

Balance Sheet
30 June 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 15,000 -
Tangible assets 5 20,634 -
Investments 6 125 -
35,759 -

CURRENT ASSETS
Stocks 104,374 -
Debtors 7 303,424 100
Cash at bank and in hand 1,636 -
409,434 100
CREDITORS
Amounts falling due within one year 8 390,202 -
NET CURRENT ASSETS 19,232 100
TOTAL ASSETS LESS CURRENT
LIABILITIES

54,991

100

PROVISIONS FOR LIABILITIES 9 3,920 -
NET ASSETS 51,071 100

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 50,971 -
SHAREHOLDERS' FUNDS 51,071 100

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

W H Evans Cyfyngedig (Registered number: 14087460)

Balance Sheet - continued
30 June 2024


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 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 8 January 2025 and were signed on its behalf by:




Mrs M F Roberts - Director



Mr O E Evans - Director


W H Evans Cyfyngedig (Registered number: 14087460)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

W H Evans Cyfyngedig is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 14087460

Registered office: 1 Thomas Buildings
New Street
Pwllheli
Gwynedd
LL53 5HH

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 2023, is being amortised evenly over its estimated useful life of ten 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.

Franchise is being amortised evenly over its estimated useful life of nil years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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.


W H Evans Cyfyngedig (Registered number: 14087460)

Notes to the Financial Statements - continued
for the Year Ended 30 June 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.

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 3 (2023 - NIL ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
Goodwill assets Totals
£    £    £   
COST
Additions 10,000 6,000 16,000
At 30 June 2024 10,000 6,000 16,000
AMORTISATION
Charge for year 1,000 - 1,000
At 30 June 2024 1,000 - 1,000
NET BOOK VALUE
At 30 June 2024 9,000 6,000 15,000

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
Additions 27,513
At 30 June 2024 27,513
DEPRECIATION
Charge for year 6,879
At 30 June 2024 6,879
NET BOOK VALUE
At 30 June 2024 20,634

W H Evans Cyfyngedig (Registered number: 14087460)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

6. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
Additions 125
At 30 June 2024 125
NET BOOK VALUE
At 30 June 2024 125

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade debtors 291,569 -
Other debtors 11,855 100
303,424 100

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Bank loans and overdrafts 39,808 -
Trade creditors 251,505 -
Taxation and social security 8,754 -
Other creditors 90,135 -
390,202 -

9. PROVISIONS FOR LIABILITIES
30.6.24 30.6.23
£    £   
Deferred tax 3,920 -

Deferred
tax
£   
Charge to Statement of Income and Retained Earnings during year 3,920
Balance at 30 June 2024 3,920