Arfon Dwyfor Training (WBL) Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 14138403 (England and Wales)

Financial Statements for the Year Ended 31 July 2024

for

Arfon Dwyfor Training (WBL) Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

A Roberts

SECRETARY:

G D James

REGISTERED OFFICE:

Watergate House

85 Watergate Street

Chester

Cheshire

CH1 2LF

REGISTERED NUMBER:

14138403 (England and Wales)

BANKERS:

Lloyds Bank plc

268 High Street

Bangor

Gwynedd

LL57 1RT

FIXED ASSETS

Intangible assets

4

-

1

Tangible assets

5

-

6,969

-

6,970

CURRENT ASSETS

Debtors

6

153,077

179,920

Cash at bank and in hand

385,201

150,238

538,278

330,158

CREDITORS

Amounts falling due within one year

7

245,414

184,462

NET CURRENT ASSETS

292,864

145,696

TOTAL ASSETS LESS CURRENT
LIABILITIES

292,864

152,666

CAPITAL AND RESERVES

Called up share capital

8

100

Retained earnings

292,764

152,566

SHAREHOLDERS' FUNDS

292,864

152,666

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 March 2025 and were signed by:

A Roberts - Director

1.	STATUTORY INFORMATION

Arfon Dwyfor Training (WBL) 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.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

On 1 August 2024, the Company's trade, together with all staff, except the director, the goodwill and all fixed assets were transferred to Grwp Llandrillo Menai a further education college. No consideration was received by the Company.

The fixed assets transferred have been written down to a zero value in these financial statements. In all other respects there is no difference between the value of the remaining assets and liabilities using a going concern basis as compared to revaluing them at their break-up value.

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 was acquired in 2022 at a nominal value of £1. This is written down to NIL following the transfer of the Company's trade on 1 August 2024.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

20% on reducing balance

Computer equipment

-

33.33% on reducing balance

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 26 (2023 - 26 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 August 2023

1

Disposals

(1

)

At 31 July 2024

-

NET BOOK VALUE

At 31 July 2024

-

At 31 July 2023

1

5.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

COST

At 1 August 2023

798

9,496

10,294

Disposals

(798

)

(9,496

)

(10,294

)

At 31 July 2024

-

DEPRECIATION

At 1 August 2023

160

3,165

3,325

Charge for year

127

2,110

2,237

Eliminated on disposal

(287

)

(5,275

)

(5,562

)

At 31 July 2024

-

NET BOOK VALUE

At 31 July 2024

-

At 31 July 2023

638

6,331

6,969

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

Trade debtors

149,485

146,891

Other debtors

3,592

33,029

153,077

179,920

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

Trade creditors

14,001

40,221

Amounts owed to group undertakings

80,956

71,117

Taxation and social security

48,697

39,909

Other creditors

101,760

33,215

245,414

184,462

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

100

Ordinary

£1.00

100

9.	OTHER FINANCIAL COMMITMENTS

The company had total financial commitments at the balance sheet date of £NIL (2023 £9,273).

10.	POST BALANCE SHEET EVENTS

On 1 August 2024 the Company's trading activity, along with goodwill, all staff and fixed assets were transferred to Grwp Llandrillo Menai, a further education college. No consideration was received.

11.	ULTIMATE CONTROLLING PARTY

The Ultimate Holding Company is Arfon Dwyfor Training Limited. Its registered office is Watergate House, 85 Watergate Street, Chester CH1 2LF.