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REGISTERED NUMBER: 08997562 (Wales)















Unaudited Financial Statements for the Year Ended 30th September 2024

for

Teithiau Menai Cyf

Teithiau Menai Cyf (Registered number: 08997562)






Contents of the Financial Statements
for the Year Ended 30th September 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Teithiau Menai Cyf

Company Information
for the Year Ended 30th September 2024







DIRECTOR: Ms A Jones





SECRETARY:





REGISTERED OFFICE: 13 Bangor Street
Caernarfon
Gwynedd
LL55 1AT





REGISTERED NUMBER: 08997562 (Wales)





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

Teithiau Menai Cyf (Registered number: 08997562)

Balance Sheet
30th September 2024

30.9.24 30.9.23
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 31,875 40,375
Tangible assets 5 1,590 2,025
33,465 42,400

CURRENT ASSETS
Debtors 6 86,306 83,218
Cash at bank 121,610 76,841
207,916 160,059
CREDITORS
Amounts falling due within one year 7 64,787 70,201
NET CURRENT ASSETS 143,129 89,858
TOTAL ASSETS LESS CURRENT
LIABILITIES

176,594

132,258

CREDITORS
Amounts falling due after more than one
year

8

24,398

29,273
NET ASSETS 152,196 102,985

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 152,096 102,885
152,196 102,985

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th September 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.

Teithiau Menai Cyf (Registered number: 08997562)

Balance Sheet - continued
30th September 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 director and authorised for issue on 10th April 2025 and were signed by:





Ms A Jones - Director


Teithiau Menai Cyf (Registered number: 08997562)

Notes to the Financial Statements
for the Year Ended 30th September 2024

1. STATUTORY INFORMATION

Teithiau Menai Cyf is a private company, limited by shares , registered in 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2018, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 - 20% 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.

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.

Teithiau Menai Cyf (Registered number: 08997562)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st October 2023
and 30th September 2024 85,000
AMORTISATION
At 1st October 2023 44,625
Charge for year 8,500
At 30th September 2024 53,125
NET BOOK VALUE
At 30th September 2024 31,875
At 30th September 2023 40,375

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st October 2023
and 30th September 2024 5,309
DEPRECIATION
At 1st October 2023 3,284
Charge for year 435
At 30th September 2024 3,719
NET BOOK VALUE
At 30th September 2024 1,590
At 30th September 2023 2,025

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Other debtors 86,306 83,218

Teithiau Menai Cyf (Registered number: 08997562)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Bank loans and overdrafts 4,875 4,755
Taxation and social security 40,934 46,606
Other creditors 18,978 18,840
64,787 70,201

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.9.24 30.9.23
£    £   
Bank loans 24,398 29,273

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 3,632 9,020

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30th September 2024 and 30th September 2023:

30.9.24 30.9.23
£    £   
Ms A Jones
Balance outstanding at start of year 83,218 -
Amounts advanced 86,306 83,218
Amounts repaid (83,218 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 86,306 83,218