IRIS Accounts Production v24.3.2.46 10596504 Board of Directors Board of Directors 1.4.23 31.3.24 31.3.24 0 0 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh105965042023-03-31105965042024-03-31105965042023-04-012024-03-31105965042022-03-31105965042022-04-012023-03-31105965042023-03-3110596504ns15:EnglandWales2023-04-012024-03-3110596504ns14:PoundSterling2023-04-012024-03-3110596504ns10:Director12023-04-012024-03-3110596504ns10:Director22023-04-012024-03-3110596504ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3110596504ns10:SmallEntities2023-04-012024-03-3110596504ns10:AuditExemptWithAccountantsReport2023-04-012024-03-3110596504ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3110596504ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3110596504ns10:FullAccounts2023-04-012024-03-3110596504ns10:RegisteredOffice2023-04-012024-03-3110596504ns5:CurrentFinancialInstruments2024-03-3110596504ns5:CurrentFinancialInstruments2023-03-3110596504ns5:Non-currentFinancialInstruments2024-03-3110596504ns5:Non-currentFinancialInstruments2023-03-3110596504ns5:ShareCapital2024-03-3110596504ns5:ShareCapital2023-03-3110596504ns5:RetainedEarningsAccumulatedLosses2024-03-3110596504ns5:RetainedEarningsAccumulatedLosses2023-03-3110596504ns5:LandBuildings2023-03-3110596504ns5:PlantMachinery2023-03-3110596504ns5:LandBuildings2023-04-012024-03-3110596504ns5:PlantMachinery2023-04-012024-03-3110596504ns5:LandBuildings2024-03-3110596504ns5:PlantMachinery2024-03-3110596504ns5:LandBuildings2023-03-3110596504ns5:PlantMachinery2023-03-3110596504ns5:CostValuation2023-03-3110596504ns5:WithinOneYearns5:CurrentFinancialInstruments2024-03-3110596504ns5:WithinOneYearns5:CurrentFinancialInstruments2023-03-31105965041ns10:Director12023-03-31105965041ns10:Director12022-03-31105965041ns10:Director12023-04-012024-03-31105965041ns10:Director12022-04-012023-03-31105965041ns10:Director12024-03-31105965041ns10:Director12023-03-3110596504ns10:Director222023-03-3110596504ns10:Director222022-03-3110596504ns10:Director222023-04-012024-03-3110596504ns10:Director222022-04-012023-03-3110596504ns10:Director222024-03-3110596504ns10:Director222023-03-31
REGISTERED NUMBER: 10596504 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Roberts Llystyn Cyf

Roberts Llystyn Cyf (Registered number: 10596504)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 7

Roberts Llystyn Cyf

Company Information
for the Year Ended 31 March 2024







DIRECTORS: Mr G D Roberts
Mrs G D Roberts





REGISTERED OFFICE: Adeilad St David's Building
Stryd Lombard Street
Porthmadog
Gwynedd
LL49 9AP





REGISTERED NUMBER: 10596504 (England and Wales)





ACCOUNTANTS: Dunn & Ellis Cyf
Chartered Accountants
Adeilad St David's Building
Stryd Lombard Street
Porthmadog
Gwynedd
LL49 9AP

Roberts Llystyn Cyf (Registered number: 10596504)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 188,283 198,139
Investments 5 240 240
188,523 198,379

CURRENT ASSETS
Stocks 259,457 251,261
Debtors 6 20,483 12,254
279,940 263,515
CREDITORS
Amounts falling due within one year 7 241,166 214,308
NET CURRENT ASSETS 38,774 49,207
TOTAL ASSETS LESS CURRENT
LIABILITIES

227,297

247,586

CREDITORS
Amounts falling due after more than one
year

8

(16,010

)

(34,063

)

PROVISIONS FOR LIABILITIES (24,288 ) (19,382 )
NET ASSETS 186,999 194,141

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 186,899 194,041
186,999 194,141

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.

Roberts Llystyn Cyf (Registered number: 10596504)

Balance Sheet - continued
31 March 2024


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 31 January 2025 and were signed on its behalf by:




Mr G D Roberts - Director



Mrs G D Roberts - Director


Roberts Llystyn Cyf (Registered number: 10596504)

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

1. STATUTORY INFORMATION

Roberts Llystyn Cyf 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.

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 the cost less estimated residual value of each asset over its estimated useful life.

Plant & machinery - 20% reducing balance
Wind turbine - 10% reducing balance
Computer equipment - 20% reducing balance

Fixed assets are stated at their cost prices, less accumulated depreciation and less any amounts recognised in respect of impairment.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

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.

Roberts Llystyn Cyf (Registered number: 10596504)

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

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 April 2023 240 441,515 441,755
Additions 720 25,084 25,804
Disposals - (6,210 ) (6,210 )
At 31 March 2024 960 460,389 461,349
DEPRECIATION
At 1 April 2023 - 243,616 243,616
Charge for year - 33,625 33,625
Eliminated on disposal - (4,175 ) (4,175 )
At 31 March 2024 - 273,066 273,066
NET BOOK VALUE
At 31 March 2024 960 187,323 188,283
At 31 March 2023 240 197,899 198,139

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 April 2023
and 31 March 2024 240
NET BOOK VALUE
At 31 March 2024 240
At 31 March 2023 240

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 10,653 3,906
Other debtors 9,830 8,348
20,483 12,254

Roberts Llystyn Cyf (Registered number: 10596504)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 85,208 123,018
Hire purchase contracts 10,250 7,892
Trade creditors 50,312 63,884
Taxation and social security 22,372 13,094
Other creditors 73,024 6,420
241,166 214,308

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Hire purchase contracts - 8,393
Other creditors 16,010 25,670
16,010 34,063

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2024 and 31 March 2023:

31.3.24 31.3.23
£    £   
Mr G D Roberts
Balance outstanding at start of year 1,602 -
Amounts advanced - 102,189
Amounts repaid (1,602 ) (100,587 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 1,602

Mrs G D Roberts
Balance outstanding at start of year 1,602 -
Amounts advanced - 102,189
Amounts repaid (1,602 ) (100,587 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 1,602

10. RELATED PARTY DISCLOSURES

During the year, total dividends of £72,740 (2023 - £74,800) were paid to the directors .

During the year the directors accumulated funds in the form of in-credit director's loan accounts. At the year-end, the amalgamated total of these accounts stood at £67,951 owing to (2023 - £3,204 owing from) the directors.

Also during the year, rents of £84,753 (2023 - £51,506) were paid by the company to the directors, being the underlying owners of the land, for the right to trade on the land from which the company trades.

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Roberts Llystyn Cyf

The following reproduces the text of the report prepared for the directors 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 Directors 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 Roberts Llystyn Cyf for the year ended 31 March 2024 which comprise the Income Statement, Balance Sheet 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 Board of Directors of Roberts Llystyn Cyf, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Roberts Llystyn Cyf and state those matters that we have agreed to state to the Board of Directors of Roberts Llystyn Cyf, as a body, 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 Roberts Llystyn Cyf and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Roberts Llystyn Cyf 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 Roberts Llystyn Cyf. You consider that Roberts Llystyn Cyf 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 Roberts Llystyn Cyf. 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.






Dunn & Ellis Cyf
Chartered Accountants
Adeilad St David's Building
Stryd Lombard Street
Porthmadog
Gwynedd
LL49 9AP


Date: .............................................