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REGISTERED NUMBER: 12290914 (England and Wales)















Unaudited Financial Statements for the Year Ended 31st October 2024

for

Sioned Hughes Limited

Sioned Hughes Limited (Registered number: 12290914)






Contents of the Financial Statements
for the Year Ended 31st October 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Sioned Hughes Limited

Company Information
for the Year Ended 31st October 2024







DIRECTORS: S W Hughes
G l Hughes





SECRETARY:





REGISTERED OFFICE: Dolifan
Llanllyfni
Caernarfon
Gwynedd
LL54 6RP





REGISTERED NUMBER: 12290914 (England and Wales)





ACCOUNTANTS: A.Hughes-Jones, Dyson & Co.
Capel Moreia
South Penrallt
Caernarfon
Gwynedd
LL55 1NS

Sioned Hughes Limited (Registered number: 12290914)

Balance Sheet
31st October 2024

31.10.24 31.10.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 171,935 285,841

CURRENT ASSETS
Debtors 5 15,798 7,287
Cash at bank 203,391 123,219
219,189 130,506
CREDITORS
Amounts falling due within one year 6 14,235 25,903
NET CURRENT ASSETS 204,954 104,603
TOTAL ASSETS LESS CURRENT
LIABILITIES

376,889

390,444

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 376,789 390,344
376,889 390,444

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st October 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.

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 11th April 2025 and were signed on its behalf by:





S W Hughes - Director


Sioned Hughes Limited (Registered number: 12290914)

Notes to the Financial Statements
for the Year Ended 31st October 2024

1. STATUTORY INFORMATION

Sioned Hughes 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
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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

Sioned Hughes Limited (Registered number: 12290914)

Notes to the Financial Statements - continued
for the Year Ended 31st October 2024

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1st November 2023 258,503 31,928 290,431
Additions - 5,000 5,000
Disposals (117,030 ) - (117,030 )
At 31st October 2024 141,473 36,928 178,401
DEPRECIATION
At 1st November 2023 - 4,590 4,590
Charge for year - 1,876 1,876
At 31st October 2024 - 6,466 6,466
NET BOOK VALUE
At 31st October 2024 141,473 30,462 171,935
At 31st October 2023 258,503 27,338 285,841

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Other debtors 15,798 7,287

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Taxation and social security 11,546 23,602
Other creditors 2,689 2,301
14,235 25,903

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31st October 2024 and 31st October 2023:

31.10.24 31.10.23
£    £   
S W Hughes
Balance outstanding at start of year 7,287 53,429
Amounts advanced 7,899 7,287
Amounts repaid (7,287 ) (53,429 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 7,899 7,287

Sioned Hughes Limited (Registered number: 12290914)

Notes to the Financial Statements - continued
for the Year Ended 31st October 2024

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued

G l Hughes
Balance outstanding at start of year - -
Amounts advanced 7,899 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 7,899 -