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REGISTERED NUMBER: 06240388 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2024

for

Glyn Owen a'i Gwmni Cyfyngedig

Glyn Owen a'i Gwmni Cyfyngedig (Registered number: 06240388)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Glyn Owen a'i Gwmni Cyfyngedig

Company Information
for the Year Ended 30 June 2024







DIRECTORS: Mr G Owen
Mrs H Owen





SECRETARY: Mrs H Owen





REGISTERED OFFICE: 1 Thomas Buildings
New Street
Pwllheli
Gwynedd
LL53 5HH





REGISTERED NUMBER: 06240388 (England and Wales)





ACCOUNTANTS: Gwyn Thomas and Co Limited
1 Thomas Buildings
New Street
Pwllheli
Gwynedd
LL53 5HH

Glyn Owen a'i Gwmni Cyfyngedig (Registered number: 06240388)

Balance Sheet
30 June 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 123,376 164,502

CURRENT ASSETS
Stocks 107,858 68,235
Debtors 5 84,262 434,180
Cash at bank 17,691 10,267
209,811 512,682
CREDITORS
Amounts falling due within one year 6 109,031 380,178
NET CURRENT ASSETS 100,780 132,504
TOTAL ASSETS LESS CURRENT
LIABILITIES

224,156

297,006

CREDITORS
Amounts falling due after more than one
year

7

(11,790

)

(21,740

)

PROVISIONS FOR LIABILITIES (23,441 ) (31,268 )
NET ASSETS 188,925 243,998

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 188,825 243,898
188,925 243,998

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 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.

Glyn Owen a'i Gwmni Cyfyngedig (Registered number: 06240388)

Balance Sheet - continued
30 June 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 18 March 2025 and were signed on its behalf by:





Mr G Owen - Director


Glyn Owen a'i Gwmni Cyfyngedig (Registered number: 06240388)

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

1. STATUTORY INFORMATION

Glyn Owen a'i Gwmni 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.

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 each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

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.

Glyn Owen a'i Gwmni Cyfyngedig (Registered number: 06240388)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 July 2023
and 30 June 2024 827,709
DEPRECIATION
At 1 July 2023 663,207
Charge for year 41,126
At 30 June 2024 704,333
NET BOOK VALUE
At 30 June 2024 123,376
At 30 June 2023 164,502

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade debtors 71,930 -
Other debtors 12,332 434,180
84,262 434,180

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Bank loans and overdrafts 10,648 10,649
Trade creditors 6,941 326,652
Taxation and social security 12,960 2,120
Other creditors 78,482 40,757
109,031 380,178

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.6.24 30.6.23
£    £   
Bank loans 11,790 21,740

Glyn Owen a'i Gwmni Cyfyngedig (Registered number: 06240388)

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

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

30.6.24 30.6.23
£    £   
Mr G Owen
Balance outstanding at start of year (15,910 ) 4,665
Amounts advanced 23,486 15,425
Amounts repaid (46,000 ) (36,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (38,424 ) (15,910 )

Mrs H Owen
Balance outstanding at start of year (15,910 ) 4,665
Amounts advanced - 15,425
Amounts repaid (16,000 ) (36,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (31,910 ) (15,910 )