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Registered Number: 09110191
England and Wales

 

 

 

EVANS PENLAN CYF


Unaudited Financial Statements
 


Period of accounts

Start date: 01 August 2023

End date: 31 July 2024
Directors T J Deakins
E J Evans
G W Evans
J H G Evans
Registered Number 09110191
Registered Office Penlan Pantglas
Llanilar
Aberystwyth
Ceredigion
SY23 4PH
Accountants Cyfrifwyr Aeron Accountants
Chartered Certified Accountants
9 Clos Pencarreg
Aberaeron
Ceredigion
SA46 0DX
1
Director's report and financial statements
The directors present his/her/their annual report and the financial statements for the year ended 31 July 2024.
Principal activities
Principal activity of the company during the financial year was of farming.
Directors
The directors who served the company throughout the year were as follows:
T J Deakins
E J Evans
G W Evans
J H G Evans
Statement of directors' responsibilities
The directors are responsible for preparing the directors' report and the financial statements in accordance with applicable law and regulations and in accordance with United Kingdom Generally Accepted Accounting Practice.
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and the profit or loss of the company for that period.
In preparing these financial statements, the directors are required to :
  • select suitable accounting policies and then apply them consistently
  • make judgements and accounting estimates that are reasonable and prudent
  • state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements and
  • prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company’s transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. The directors are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The directors are responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom, governing the preparation and dissemination of financial statements, may differ from legislation in other jurisdictions

This report was approved by the board and signed on its behalf by:


----------------------------------
T J Deakins
Director

Date approved: 14 January 2025
2
 
 
Notes
 
2024
£
  2023
£
Fixed assets      
Tangible fixed assets 3 343,974    316,956 
Investments 4 66,787    68,672 
410,761    385,628 
Current assets      
Stocks 5 118,506    117,346 
Debtors 6 18,154    38,375 
Cash at bank and in hand 430,804    412,600 
567,464    568,321 
Creditors: amount falling due within one year 7 (359,293)   (329,623)
Net current assets 208,171    238,698 
 
Total assets less current liabilities 618,932    624,326 
Creditors: amount falling due after more than one year 8 (392,225)   (461,050)
Net assets 226,707    163,276 
 

Capital and reserves
     
Called up share capital 9 4    4 
Profit and loss account 226,703    163,272 
Shareholders' funds 226,707    163,276 
 


For the year ended 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 to the Registrar of Companies.
The financial statements were approved by the board of directors on 14 January 2025 and were signed on its behalf by:


-------------------------------
G W Evans
Director
-------------------------------
J H G Evans
Director
3
General Information
Evans Penlan Cyf is a private company, limited by shares, registered in England and Wales, registration number 09110191, registration address Penlan Pantglas, Llanilar, Aberystwyth, Ceredigion, SY23 4PH.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery 15% Reducing Balance
Motor Vehicles 20% Reducing Balance
Fixed asset investments
Fixed asset investments relate to capital contributions made to a co-operative company which Evans Penlan Cyf is a member. Fixed asset investments are stated at cost less provision for any permanent diminution in value.
Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Biological stocks are included in the financial statements at cost.
2.

Average number of employees

Average number of employees during the year was 1 (2023 : 1).
3.

Tangible fixed assets

Cost or valuation Plant and Machinery   Motor Vehicles   Total
  £   £   £
At 01 August 2023 456,554    17,000    473,554 
Additions 86,870      86,870 
Disposals (10,000)     (10,000)
At 31 July 2024 533,424    17,000    550,424 
Depreciation
At 01 August 2023 141,282    7,208    148,490 
Charge for year 59,319    1,958    61,277 
On disposals (3,317)     (3,317)
At 31 July 2024 197,284    9,166    206,450 
Net book values
Closing balance as at 31 July 2024 336,140    7,834    343,974 
Opening balance as at 01 August 2023 307,164    9,792    316,956 


4.

Investments

Cost Other investments other than loans   Total
  £   £
At 01 August 2023 60,564    60,564 
Additions 6,223    6,223 
Transfer to/from tangible fixed assets  
Disposals  
At 31 July 2024 66,787    66,787 

5.

Stocks

2024
£
  2023
£
Dairy Herd 57,550    57,218 
Stocks 60,956    60,128 
118,506    117,346 

6.

Debtors: amounts falling due within one year

2024
£
  2023
£
Trade Debtors 6,251    18,563 
Prepayments & Accrued Income 3,076    2,651 
VAT 8,827    17,161 
18,154    38,375 

7.

Creditors: amount falling due within one year

2024
£
  2023
£
Trade Creditors 49,582    80,575 
Bank Loans & Overdrafts (Secured) 19,746    18,166 
Taxation & Social Security 48,528    67,065 
Accrued Expenses 8,483    3,678 
Directors' Current Accounts 232,954    160,139 
359,293    329,623 

8.

Creditors: amount falling due after more than one year

2024
£
  2023
£
Bank Loans & Overdrafts (secured) 392,225    461,050 
392,225    461,050 

9.

Share Capital

Allotted, called up and fully paid
2024
£
  2023
£
4 Ordinary shares of £1.00 each  
 

4