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REGISTERED NUMBER: 04857510 (England and Wales)









GWYNT CYMRU LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024






GWYNT CYMRU LTD (REGISTERED NUMBER: 04857510)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


GWYNT CYMRU LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTORS: J E Potter
Miss D M Potter





REGISTERED OFFICE: Potter House
Henfaes Lane
Welshpool
Powys
SY21 7BE





REGISTERED NUMBER: 04857510 (England and Wales)

GWYNT CYMRU LTD (REGISTERED NUMBER: 04857510)

STATEMENT OF FINANCIAL POSITION
30 APRIL 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 1,103,917 7,082
Investment property 6 200,000 200,000
1,303,917 207,082

CURRENT ASSETS
Debtors 7 4,212,979 4,074,803
Cash at bank 267,334 1,175,248
4,480,313 5,250,051
CREDITORS
Amounts falling due within one year 8 1,505,452 2,048,593
NET CURRENT ASSETS 2,974,861 3,201,458
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,278,778

3,408,540

CREDITORS
Amounts falling due after more than one
year

9

(724,830

)

(4,290

)

PROVISIONS FOR LIABILITIES (268,239 ) (3,216 )
NET ASSETS 3,285,709 3,401,034

CAPITAL AND RESERVES
Called up share capital 300,000 300,000
Fair value reserve 10 9,129 9,129
Retained earnings 2,976,580 3,091,905
SHAREHOLDERS' FUNDS 3,285,709 3,401,034

GWYNT CYMRU LTD (REGISTERED NUMBER: 04857510)

STATEMENT OF FINANCIAL POSITION - continued
30 APRIL 2024


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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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 29 January 2025 and were signed on its behalf by:





Miss D M Potter - Director


GWYNT CYMRU LTD (REGISTERED NUMBER: 04857510)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024


1. STATUTORY INFORMATION

Gwynt Cymru Ltd 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.

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 as modified by the revaluation of certain assets.

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 relates to a business acquired in 2005 which has been fully amortised at a rate of 20% straight line per annum.

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.

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

Plant and machinery held on finance lease is depreciated over its anticipated useful economic life of 7 years.
other Plant and machinery - 20% per annum straight line
Office Equipment - 20% per annum straight line

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 statement of financial position date.


GWYNT CYMRU LTD (REGISTERED NUMBER: 04857510)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 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 statement of financial position 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 1 (2023 - 1 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 May 2023
and 30 April 2024 309,843
AMORTISATION
At 1 May 2023
and 30 April 2024 309,843
NET BOOK VALUE
At 30 April 2024 -
At 30 April 2023 -

GWYNT CYMRU LTD (REGISTERED NUMBER: 04857510)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


5. TANGIBLE FIXED ASSETS
Plant and Office
machinery Equipment Totals
£    £    £   
COST
At 1 May 2023 1,457,191 54,751 1,511,942
Additions 1,134,834 - 1,134,834
Disposals (10,000 ) - (10,000 )
At 30 April 2024 2,582,025 54,751 2,636,776
DEPRECIATION
At 1 May 2023 1,450,110 54,750 1,504,860
Charge for year 27,999 - 27,999
At 30 April 2024 1,478,109 54,750 1,532,859
NET BOOK VALUE
At 30 April 2024 1,103,916 1 1,103,917
At 30 April 2023 7,081 1 7,082

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 May 2023
and 30 April 2024 200,000
NET BOOK VALUE
At 30 April 2024 200,000
At 30 April 2023 200,000

Fair value at 30 April 2024 is represented by:
£   
Valuation in 2024 200,000

The directors consider the fair value of the property to be £200,000.

GWYNT CYMRU LTD (REGISTERED NUMBER: 04857510)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


7. DEBTORS
2024 2023
£    £   
Amounts falling due within one year:
Trade debtors 19,211 183,886
Other debtors 2,455,003 2,152,152
2,474,214 2,336,038

Amounts falling due after more than one year:
Amounts owed by group undertakings 1,738,765 1,738,765

Aggregate amounts 4,212,979 4,074,803

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 176,157 -
Trade creditors 81,776 501,971
Taxation and social security 220 295,690
Other creditors 1,247,299 1,250,932
1,505,452 2,048,593

Amounts due under Hire Purchase contracts are secured on the assets they relate to.

9. CREDITORS MORE THAN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 724,830 -
Other creditors - 4,290
724,830 4,290

10. RESERVES
Fair
value
reserve
£   
At 1 May 2023
and 30 April 2024 9,129

GWYNT CYMRU LTD (REGISTERED NUMBER: 04857510)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


11. PARENT COMPANY

Potters GCL Limited

Registered office address:

Potter House
Henfaes Lane
Welshpool
Powys
SY21 7BE