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REGISTERED NUMBER: 05159926 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2024

for

Gwynt Y Ddraig Cider Ltd

Gwynt Y Ddraig Cider Ltd (Registered number: 05159926)






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


Gwynt Y Ddraig Cider Ltd

Company Information
for the Year Ended 30 June 2024







DIRECTORS: A Gronow
L H Casling
I Evans





REGISTERED OFFICE: Llest Farm
Llantwit Fadre
Pontypridd
Rhondda Cynon Taff
CF38 2PW





REGISTERED NUMBER: 05159926 (England and Wales)





ACCOUNTANTS: Austin Accountancy Services Ltd
15 Manor Park
Ham Lane
Llantwit Major
Vale of Glamorgan
CF61 1RS

Gwynt Y Ddraig Cider Ltd (Registered number: 05159926)

Balance Sheet
30 June 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 546,261 483,195

CURRENT ASSETS
Stocks 174,092 151,670
Debtors 5 670,303 570,361
Cash at bank and in hand 430,329 519,330
1,274,724 1,241,361
CREDITORS
Amounts falling due within one year 6 501,235 431,250
NET CURRENT ASSETS 773,489 810,111
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,319,750

1,293,306

CREDITORS
Amounts falling due after more than
one year

7

157,580

129,026
NET ASSETS 1,162,170 1,164,280

CAPITAL AND RESERVES
Called up share capital 200 200
Retained earnings 1,161,970 1,164,080
SHAREHOLDERS' FUNDS 1,162,170 1,164,280

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.

Gwynt Y Ddraig Cider Ltd (Registered number: 05159926)

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 3 March 2025 and were signed on its behalf by:





A Gronow - Director


Gwynt Y Ddraig Cider Ltd (Registered number: 05159926)

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

1. STATUTORY INFORMATION

Gwynt Y Ddraig Cider Ltd 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 cost and 25% on reducing balance

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.

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 12 (2023 - 8 ) .

Gwynt Y Ddraig Cider Ltd (Registered number: 05159926)

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 July 2023 1,489,161
Additions 313,251
Disposals (92,500 )
At 30 June 2024 1,709,912
DEPRECIATION
At 1 July 2023 1,005,966
Charge for year 250,185
Eliminated on disposal (92,500 )
At 30 June 2024 1,163,651
NET BOOK VALUE
At 30 June 2024 546,261
At 30 June 2023 483,195

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade debtors 617,350 517,408
Other debtors 52,953 52,953
670,303 570,361

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Bank loans and overdrafts 30,694 30,883
Hire purchase contracts 73,988 13,582
Trade creditors 261,187 207,624
Taxation and social security 61,269 107,289
Other creditors 74,097 71,872
501,235 431,250

Gwynt Y Ddraig Cider Ltd (Registered number: 05159926)

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

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
30.6.24 30.6.23
£    £   
Bank loans 53,480 79,038
Hire purchase contracts 104,100 49,988
157,580 129,026