CWMNI CYMUNEDOL CLETWR

Company limited by guarantee

Company Registration Number:
08039632 (England and Wales)

Unaudited statutory accounts for the year ended 30 April 2024

Period of accounts

Start date: 1 May 2023

End date: 30 April 2024

CWMNI CYMUNEDOL CLETWR

Contents of the Financial Statements

for the Period Ended 30 April 2024

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes

CWMNI CYMUNEDOL CLETWR

Directors' report period ended 30 April 2024

The directors present their report with the financial statements of the company for the period ended 30 April 2024

Principal activities of the company

The company's principal activity during the period was to continue to provide a community shop and other facilities for the benefits of the residents, as well as visitors, as a social enterprise.



Directors

The directors shown below have held office during the whole of the period from
1 May 2023 to 30 April 2024

Anthony Jarett
Cathryn Lloyd-Williams
Jane Nicholls
Helen Ovens
Rosemary Anne Phillips
Jane Whittaker


The directors shown below have held office during the period of
1 May 2023 to 4 January 2024

Cindy Harris
Barry Wise


The director shown below has held office during the period of
1 May 2023 to 6 October 2023

Derval Casey


The director shown below has held office during the period of
4 January 2024 to 30 April 2024

Andrew Lloyd-Williams


The director shown below has held office during the period of
13 July 2023 to 30 April 2024

Nigel Callaghan


Secretary Rosemary Anne Phillips

The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
18 September 2024

And signed on behalf of the board by:
Name: Andrew Lloyd-Williams
Status: Director

CWMNI CYMUNEDOL CLETWR

Profit And Loss Account

for the Period Ended 30 April 2024

2024 2023


£

£
Turnover: 595,531 594,123
Cost of sales: ( 343,033 ) ( 341,804 )
Gross profit(or loss): 252,498 252,319
Administrative expenses: ( 291,509 ) ( 275,301 )
Other operating income: 1,017 2,602
Operating profit(or loss): (37,994) (20,380)
Interest receivable and similar income: 45
Profit(or loss) before tax: (37,994) (20,335)
Tax: 768 891
Profit(or loss) for the financial year: (37,226) (19,444)

CWMNI CYMUNEDOL CLETWR

Balance sheet

As at 30 April 2024

Notes 2024 2023


£

£
Fixed assets
Tangible assets: 3 751,985 766,596
Total fixed assets: 751,985 766,596
Current assets
Stocks: 4 13,995 18,869
Cash at bank and in hand: 33,246 43,345
Total current assets: 47,241 62,214
Creditors: amounts falling due within one year: 5 ( 499,848 ) ( 491,438 )
Net current assets (liabilities): (452,607) (429,224)
Total assets less current liabilities: 299,378 337,372
Provision for liabilities: ( 2,323 ) ( 3,091 )
Total net assets (liabilities): 297,055 334,281
Members' funds
Profit and loss account: 297,055 334,281
Total members' funds: 297,055 334,281

The notes form part of these financial statements

CWMNI CYMUNEDOL CLETWR

Balance sheet statements

For the year ending 30 April 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 18 September 2024
and signed on behalf of the board by:

Name: Andrew Lloyd-Williams
Status: Director

The notes form part of these financial statements

CWMNI CYMUNEDOL CLETWR

Notes to the Financial Statements

for the Period Ended 30 April 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer.

    Tangible fixed assets depreciation policy

    Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: Freehold Buildings over 50 years Roof of Freehold Building over 25 years Pergola over 10 years Fixtures, fittings and computer equipment over 5 or 10 years

    Valuation information and policy

    Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

    Other accounting policies

    Debtors Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Creditors Short term creditors are measured at transaction price (which is usually the invoice price). Grant income Grant income is recognised in the profit and loss account, so that income is matched with the costs to which it relates. Where grant income has been received, but the cost has yet to be incurred, the grant income is held on the balance sheet. Where grant income relates to capital items, it is recognised as deferred income and then released to the profit and loss account over the life of the asset. Where the capital asset is not subject to depreciation (land) then the grant is released to the profit and loss account when the purchase is made. Taxation A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments.

CWMNI CYMUNEDOL CLETWR

Notes to the Financial Statements

for the Period Ended 30 April 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 26 20

CWMNI CYMUNEDOL CLETWR

Notes to the Financial Statements

for the Period Ended 30 April 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 May 2023 812,693 31,833 5,457 849,983
Additions
Disposals
Revaluations
Transfers
At 30 April 2024 812,693 31,833 5,457 849,983
Depreciation
At 1 May 2023 57,799 21,546 4,042 83,387
Charge for year 10,965 2,957 689 14,611
On disposals
Other adjustments
At 30 April 2024 68,764 24,503 4,731 97,998
Net book value
At 30 April 2024 743,929 7,330 726 751,985
At 30 April 2023 754,894 10,287 1,415 766,596

CWMNI CYMUNEDOL CLETWR

Notes to the Financial Statements

for the Period Ended 30 April 2024

4. Stocks

2024 2023
£ £
Stocks 13,995 18,869
Total 13,995 18,869

CWMNI CYMUNEDOL CLETWR

Notes to the Financial Statements

for the Period Ended 30 April 2024

5. Creditors: amounts falling due within one year note

2024 2023
£ £
Trade creditors 56,929 41,394
Taxation and social security 9,757 9,736
Accruals and deferred income 427,204 433,285
Other creditors 5,958 7,023
Total 499,848 491,438