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REGISTERED NUMBER: 08877561 (England and Wales)















Pen Y Garn Limited

Unaudited Financial Statements

for the Year Ended 31 March 2024






Pen Y Garn Limited (Registered number: 08877561)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Pen Y Garn Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: K J Thomas
S L Jones-Thomas





REGISTERED OFFICE: Llechwedd
Capel Iwan
Newcastle Emlyn
SA38 9NW





REGISTERED NUMBER: 08877561 (England and Wales)





ACCOUNTANTS: Xeinadin South Wales & West Limited
Accountants & Business Advisors
Highdale House
7 Centre Court
Treforest Industrial Estate
Pontypridd
Rhondda Cynon Taff
CF37 5YR

Pen Y Garn Limited (Registered number: 08877561)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 308,240 338,653

CURRENT ASSETS
Debtors 5 199,410 164,487
Cash at bank 48,995 62,118
248,405 226,605
CREDITORS
Amounts falling due within one year 6 200,650 229,935
NET CURRENT ASSETS/(LIABILITIES) 47,755 (3,330 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

355,995

335,323

CREDITORS
Amounts falling due after more than one year 7 - (34,021 )

PROVISIONS FOR LIABILITIES (67,813 ) (51,429 )
NET ASSETS 288,182 249,873

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 288,082 249,773
288,182 249,873

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 28 January 2025 and were signed on its behalf by:





K J Thomas - Director


Pen Y Garn Limited (Registered number: 08877561)

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

1. STATUTORY INFORMATION

Pen Y Garn 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 - 5% on cost

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 1 April 2023
and 31 March 2024 608,270
DEPRECIATION
At 1 April 2023 269,617
Charge for year 30,413
At 31 March 2024 300,030
NET BOOK VALUE
At 31 March 2024 308,240
At 31 March 2023 338,653

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Amounts owed by related parties 173,427 116,427
Other debtors 25,983 48,060
199,410 164,487

Pen Y Garn Limited (Registered number: 08877561)

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

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 30,922 84,878
Amounts owed to related parties 101,385 101,385
Taxation and social security 26,843 11,262
Other creditors 41,500 32,410
200,650 229,935

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans - 34,021

8. SECURED DEBTS

The following secured debts are included within creditors:

31.3.24 31.3.23
£    £   
Bank loans 30,922 118,899

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is K&S Cymru Group Ltd.