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REGISTERED NUMBER: 03327908 (England and Wales)


















CYMRAEG VENDING LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024






CYMRAEG VENDING LIMITED (REGISTERED NUMBER: 03327908)

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


CYMRAEG VENDING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTOR: J E Boull



SECRETARY: J E Boull



REGISTERED OFFICE: Unit 11
Woodham Road
No.2 Dock
BARRY
Vale of Glamorgan
CF63 4JE



REGISTERED NUMBER: 03327908 (England and Wales)



ACCOUNTANTS: MHA (trading name of MacIntyre Hudson LLP)
Limited liability partnership in England & Wales
Registered number OC312313
Elfed House
Oak Tree Court
Cardiff Gate Business Park
CARDIFF
County of Cardiff
CF23 8RS



BANKERS: Lloyds Bank plc
Barry Docks
140b Holton Road
Barry
CF63 4TZ

CYMRAEG VENDING LIMITED (REGISTERED NUMBER: 03327908)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 568,011 545,842
Investments 6 2,000 2,000
570,011 547,842

CURRENT ASSETS
Stocks 141,734 146,829
Debtors 7 171,525 163,796
Cash in hand 20,510 25,488
333,769 336,113
CREDITORS
Amounts falling due within one year 8 (562,546 ) (797,437 )
NET CURRENT LIABILITIES (228,777 ) (461,324 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

341,234

86,518

CREDITORS
Amounts falling due after more than one
year

9

(329,699

)

(28,944

)
NET ASSETS 11,535 57,574

CAPITAL AND RESERVES
Called up share capital 11 2 2
Revaluation reserve 133,651 133,651
Retained earnings (122,118 ) (76,079 )
SHAREHOLDERS' FUNDS 11,535 57,574

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 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.

CYMRAEG VENDING LIMITED (REGISTERED NUMBER: 03327908)

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 Profit and loss account has not been delivered.

The financial statements were approved for issue by the director and authorised for issue on 26 March 2025 and were signed by:





J E Boull - Director


CYMRAEG VENDING LIMITED (REGISTERED NUMBER: 03327908)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024


1. STATUTORY INFORMATION

Cymraeg Vending Limited 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.

The company's functional and presentational currency in the financial statements is the Sterling (£), rounded to the nearest pound.

The significant accounting policies applied in the presentation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

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.

There have been no material departures from Financial Reporting Standard 102 1A.

GOING CONCERN
At 31 March 2024, the company had net assets of £11,535, though £133,651 relates to the revaluation reserve. However, the going concern basis for the preparation of the financial statements is considered appropriate in view of the fact that the director will continue to support the company financially for the foreseeable future to enable it to meet its liabilities as they fall due for payment.

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, being the amount paid in connection with the acquisition of a business in 1998 has been amortised evenly over its estimated useful life of twenty years and is now fully amortised.

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 - 15% on cost
Fixtures and Fittings - 15% on cost
Motor vehicles - 20% on cost

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

Financial instruments
Basic financial instruments are recognised at amortised cost.

Taxation
Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the year and is calculated using the tax rates and laws that have been enacted or substantively enacted at the balance sheet date.


CYMRAEG VENDING LIMITED (REGISTERED NUMBER: 03327908)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 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 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 19 (2023 - 19 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 6,000
AMORTISATION
At 1 April 2023
and 31 March 2024 6,000
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery Fittings vehicles Totals
£    £    £    £   
COST OR VALUATION
At 1 April 2023 498,300 39,925 22,994 561,219
Additions - - 43,950 43,950
At 31 March 2024 498,300 39,925 66,944 605,169
DEPRECIATION
At 1 April 2023 - 10,383 4,994 15,377
Charge for year - 561 21,220 21,781
At 31 March 2024 - 10,944 26,214 37,158
NET BOOK VALUE
At 31 March 2024 498,300 28,981 40,730 568,011
At 31 March 2023 498,300 29,542 18,000 545,842

CYMRAEG VENDING LIMITED (REGISTERED NUMBER: 03327908)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


5. TANGIBLE FIXED ASSETS - continued

Plant and machinery was valued by the directors on a fair value basis on 31 March 2024. The directors have no valuation qualifications but have many years experience in the industry. Valuations are based on expected market prices of similar machines whilst taking account of the condition of individual machines.

6. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 April 2023
and 31 March 2024 2,000
NET BOOK VALUE
At 31 March 2024 2,000
At 31 March 2023 2,000

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 116,265 95,346
Amounts owed by related party 55,260 68,450
171,525 163,796

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 95,564 107,001
Hire purchase contracts 8,474 -
Trade creditors 207,877 261,813
Social security and other taxes 167,447 158,450
VAT 49,605 62,108
Other creditors 30,880 34,207
Directors' current account - 171,859
Accruals and deferred income 2,699 1,999
562,546 797,437

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loan 89,209 28,944
Hire purchase contracts 18,292 -
Directors' loan accounts 222,198 -
329,699 28,944

CYMRAEG VENDING LIMITED (REGISTERED NUMBER: 03327908)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


10. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank overdrafts 55,879 58,735
Bank loans 128,894 77,210
184,773 135,945

The bank loan and overdraft are secured by way of a fixed and floating charge over the company's assets. The finance lease is secured over the associated fixed asset.

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
2 Ordinary £1 2 2

12. OTHER FINANCIAL COMMITMENTS

The company has operating lease commitments of £nil (2023: £36,994).