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REGISTERED NUMBER: 08474129 (Wales)






















Unaudited Financial Statements

for the Year Ended 30 September 2024

for

Mair Williams Cyfyngedig

Mair Williams Cyfyngedig (Registered number: 08474129)






Contents of the Financial Statements
for the year ended 30 September 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Chartered Accountants' Report 6

Mair Williams Cyfyngedig

Company Information
for the year ended 30 September 2024







DIRECTOR: Ms A M Williams





REGISTERED OFFICE: Unit 10A Cefn Llan Science Park
Aberystwyth
Ceredigion
SY23 3AH





REGISTERED NUMBER: 08474129 (Wales)





ACCOUNTANTS: Bennett Brooks & Co Limited
Chartered Accountants
St George's Court
Winnington Avenue
Northwich
Cheshire
CW8 4EE

Mair Williams Cyfyngedig (Registered number: 08474129)

Balance Sheet
30 September 2024

2024 2023
Notes £ £
FIXED ASSETS
Tangible assets 4 41,519 53,764

CURRENT ASSETS
Debtors 5 175,237 153,421
Cash at bank 20,245 -
195,482 153,421
CREDITORS
Amounts falling due within one year 6 (159,032 ) (150,618 )
NET CURRENT ASSETS 36,450 2,803
TOTAL ASSETS LESS CURRENT
LIABILITIES

77,969

56,567

CREDITORS
Amounts falling due after more than one year 7 (38,859 ) (53,429 )
NET ASSETS 39,110 3,138

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 39,010 3,038
SHAREHOLDERS' FUNDS 39,110 3,138

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 director and authorised for issue on 21 January 2025 and were signed by:





Ms A M Williams - Director


Mair Williams Cyfyngedig (Registered number: 08474129)

Notes to the Financial Statements
for the year ended 30 September 2024

1. STATUTORY INFORMATION

Mair Williams Cyfyngedig is a private company, limited by shares , registered in 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.

Turnover
Turnover represents amounts chargeable to clients for professional services provided during the year, inclusive of direct expenses incurred on client assignments but excluding value added tax. Turnover is recognised when a right to consideration has been obtained through performance under each contract. Consideration accrues as contract activity progresses by reference to the value of work performed.

Turnover is not recognised where the right to receive payment is contingent on events outside the control of the company. Unbilled revenue is included in debtors within accrued income.

Tangible fixed assets
Tangible fixed assets are stated at cost less accumulated depreciation. Cost includes the original purchase price of the asset and the costs attributable to bringing the asset to its working condition for its intended use.

Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset on a systematic basis over its expected useful life as follows:

Office equipment - 20% straight line
Fixtures and fittings - 25% reducing balance
Computer equipment - 33% straight line

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 balance sheet date.

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.

Leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Mair Williams Cyfyngedig (Registered number: 08474129)

Notes to the Financial Statements - continued
for the year ended 30 September 2024

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Share capital
Ordinary shares are classed as equity.

Distributions to equity holders
Dividends are recognised as a liability in the financial statements in the period in which the dividends are approved by the company's shareholders. These amounts are recognised in the statement of changes in equity.

Cash and cash equivalents
Cash and cash equivalents includes cash in hand, cash held with banks and bank overdrafts.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 6 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£
COST
At 1 October 2023 89,270
Additions 1,866
At 30 September 2024 91,136
DEPRECIATION
At 1 October 2023 35,506
Charge for year 14,111
At 30 September 2024 49,617
NET BOOK VALUE
At 30 September 2024 41,519
At 30 September 2023 53,764

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£
COST
At 1 October 2023
and 30 September 2024 52,917
DEPRECIATION
At 1 October 2023 2,205
Charge for year 12,678
At 30 September 2024 14,883
NET BOOK VALUE
At 30 September 2024 38,034
At 30 September 2023 50,712

Mair Williams Cyfyngedig (Registered number: 08474129)

Notes to the Financial Statements - continued
for the year ended 30 September 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade debtors 70,781 38,577
Other debtors 104,456 114,844
175,237 153,421

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Bank loans and overdrafts 10,349 31,141
Hire purchase contracts (see note 8) 14,169 15,157
Trade creditors 13,058 17,329
Taxation and social security 85,659 64,706
Other creditors 35,797 22,285
159,032 150,618

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£ £
Bank loans 7,046 17,400
Hire purchase contracts (see note 8) 31,813 36,029
38,859 53,429

8. LEASING AGREEMENTS

At the year end the company had non cancellable lease commitments of £nil, (202 - £24,984).

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£ £
Bank overdraft - 18,154
Hire purchase contracts 45,982 51,186
45,982 69,340

The bank borrowings are secured by a debenture over the assets of the company.

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 September 2024 and 30 September 2023:

2024 2023
£ £
Ms A M Williams
Balance outstanding at start of year 30,104 21,000
Amounts advanced 76,460 65,041
Amounts repaid (76,642 ) (55,937 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 29,922 30,104

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Mair Williams Cyfyngedig

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Mair Williams Cyfyngedig for the year ended 30 September 2024 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Mair Williams Cyfyngedig in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Mair Williams Cyfyngedig and state those matters that we have agreed to state to the director of Mair Williams Cyfyngedig in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Mair Williams Cyfyngedig and its director for our work or for this report.

It is your duty to ensure that Mair Williams Cyfyngedig has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Mair Williams Cyfyngedig. You consider that Mair Williams Cyfyngedig is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Mair Williams Cyfyngedig. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Bennett Brooks & Co Limited
Chartered Accountants
St George's Court
Winnington Avenue
Northwich
Cheshire
CW8 4EE


21 January 2025