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REGISTERED NUMBER: 02537795 (England and Wales)















Gwasg Pia Cyfyngedig

Unaudited Financial Statements for the Year Ended 30 June 2024






Gwasg Pia Cyfyngedig (Registered number: 02537795)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Gwasg Pia Cyfyngedig

Company Information
for the Year Ended 30 June 2024







Director: Miss S L Williams





Registered office: Unit 42
John Baker Close
Llantarnam Industrial Park
CWMBRAN
NP44 3AW





Registered number: 02537795 (England and Wales)





Accountants: Haines Watts Wales LLP
7 Neptune Court
Vanguard Way
Cardiff
CF24 5PJ

Gwasg Pia Cyfyngedig (Registered number: 02537795)

Balance Sheet
30 June 2024

2024 2023
Notes £    £   
Fixed assets
Tangible assets 4 40,212 34,049

Current assets
Debtors 5 227,266 408,750
Investments 6 495,607 391,620
Cash at bank and in hand 1,137,527 582,056
1,860,400 1,382,426
Creditors
Amounts falling due within one year 7 (371,155 ) (211,726 )
Net current assets 1,489,245 1,170,700
Total assets less current liabilities 1,529,457 1,204,749

Provisions for liabilities (10,053 ) (8,411 )
Net assets 1,519,404 1,196,338

Reserves
Other reserves 1 1
Retained earnings 1,519,403 1,196,337
Shareholders' funds 1,519,404 1,196,338

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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 26 February 2025 and were signed by:





Miss S L Williams - Director


Gwasg Pia Cyfyngedig (Registered number: 02537795)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. Statutory information

Gwasg Pia Cyfyngedig 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.

The Directors have concluded that they can continue to adopt the going concern basis in preparing the financial statements.

Turnover
Turnover represents amounts chargeable, net of value added tax, in respect of the sale of the production of accessible media, in the form of printed audio documents for visually impaired people.

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 and machinery - 25% on cost
Computer equipment - 25% on cost

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.

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.

Current asset investments
Current asset investments are included at the lower of cost and net realisable value.

Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short term liquid investments with original maturities of three months of less.

Debtors and creditors receivable/payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year and recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss in other administrative expenses.

3. Employees and directors

The average number of employees during the year was 40 (2023 - 28 ) .

Gwasg Pia Cyfyngedig (Registered number: 02537795)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

4. Tangible fixed assets
Plant and Computer
machinery equipment Totals
£    £    £   
Cost
At 1 July 2023 5,785 166,927 172,712
Additions - 18,517 18,517
At 30 June 2024 5,785 185,444 191,229
Depreciation
At 1 July 2023 5,785 132,878 138,663
Charge for year - 12,354 12,354
At 30 June 2024 5,785 145,232 151,017
Net book value
At 30 June 2024 - 40,212 40,212
At 30 June 2023 - 34,049 34,049

5. Debtors: amounts falling due within one year
2024 2023
£    £   
Trade debtors 225,141 400,656
VAT - 6,823
Prepayments 2,125 1,271
227,266 408,750

6. Current asset investments
2024 2023
£    £   
Listed investments 495,607 391,620

7. Creditors: amounts falling due within one year
2024 2023
£    £   
Trade creditors 70,226 69,088
Tax 144,025 124,854
VAT 153,030 -
Other creditors 1,515 15,668
Directors' current accounts 116 116
Accrued expenses 2,243 2,000
371,155 211,726

8. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
30 Ordinary £0.01 - -

The company has ordinary share capital of £0.30. As the financial statements are rounded to the nearest £1, note 9 shows nil value held.

9. Pension commitments

The company operates a defined contribution pension scheme. The pension cost charge for the year represents contributions payable by the company to the scheme and amounted to 2024: £59,016 (2023: £40,543).

Gwasg Pia Cyfyngedig (Registered number: 02537795)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

10. Director's advances, credits and guarantees

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

2024 2023
£    £   
Miss S L Williams
Balance outstanding at start of year 116 116
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 116 116

11. Ultimate controlling party

The ultimate controlling party is Miss S L Williams.