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REGISTERED NUMBER: 08212906 (England and Wales)















Y Prentis

Unaudited Financial Statements for the Year Ended 30th September 2024






Y Prentis (Registered number: 08212906)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Y Prentis

Company Information
for the Year Ended 30th September 2024







Directors: Mr A Huckin
Mr L A Griffiths
Ms H J Jones
Mr M Doubler
Ms B R Mcpherson
Ms N Hawkins





Registered office: Ty'r Efail
Lower Mill Field
PONTYPOOL
Torfaen
NP4 0XJ





Registered number: 08212906 (England and Wales)





Accountants: Haines Watts Wales LLP
7 Neptune Court
Vanguard Way
Cardiff
CF24 5PJ

Y Prentis (Registered number: 08212906)

Balance Sheet
30th September 2024

2024 2023
Notes £    £   
Fixed assets
Tangible assets 4 583 225

Current assets
Stocks 1,359 -
Debtors 5 263,344 266,952
Cash at bank 54,574 160,112
319,277 427,064
Creditors
Amounts falling due within one year 6 (95,887 ) (128,193 )
Net current assets 223,390 298,871
Total assets less current liabilities 223,973 299,096

Reserves
Other reserves 90,525 90,525
Income and expenditure account 133,448 208,571
223,973 299,096

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 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 surplus or deficit 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 5th March 2025 and were signed on its behalf by:




Mr A Huckin - Director



Ms H J Jones - Director


Y Prentis (Registered number: 08212906)

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

1. Statutory information

Y Prentis is a private company, limited by guarantee , 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.

The financial statements are not prepared on a going concern basis. Due to the Directors intention to cease trading and liquidate the company, the financial statements have been prepared on a break up basis.

Turnover
Turnover represents amounts chargeable, net of value added tax, in respect of recharged apprentice costs, associated grants and funding and membership fees.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Computer equipment - 25% 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.

Taxation
Taxation for the year comprises of current tax only. 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 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.

Reserves
The Company has adopted a policy of establishing a separate other reserve to take account of amounts that have been designated for specific purposes.

These amounts will be reviewed each year by the Directors but in general will consist of covering the following areas of expenditure:

Redundancy costs staff
Redundancy costs apprentices
Expenditure cover for Contingencies
Continuing fixed costs
Welsh Government & CITB
Bad Debts
Pensions auto enrolment

Government grants
Government grants represents income receivable in relation to the UK government COVID-19 job retention scheme.

3. Employees and directors

The average number of employees during the year was 65 (2023 - 47 ) .

Y Prentis (Registered number: 08212906)

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

4. Tangible fixed assets
Computer
equipment
£   
Cost
At 1st October 2023 674
Additions 776
At 30th September 2024 1,450
Depreciation
At 1st October 2023 449
Charge for year 418
At 30th September 2024 867
Net book value
At 30th September 2024 583
At 30th September 2023 225

5. Debtors: amounts falling due within one year
2024 2023
£    £   
Trade debtors 233,893 227,372
Tax 857 857
Prepayments and accrued income 28,594 38,723
263,344 266,952

6. Creditors: amounts falling due within one year
2024 2023
£    £   
Social security and other taxes 14,401 9,719
VAT 38,451 22,922
Other creditors 42,305 86,185
Accruals and deferred income 730 9,367
95,887 128,193

7. Related party disclosures

Melin Homes Limited
Directors
The directors of the company Mr L Griffiths and Mr A Huckin are members of senior management of Melin Homes Limited. During the year, Melin Homes Limited provided support and management services for which they recharged the company £37,385 (2023 : £58,989). no amounts were due at the balance sheet date.

8. Company status

The company is a private company limited by guarantee and consequently does not have share capital. Each of the members is liable to contribute an amount not exceeding £5 towards the assets of the company in the event of liquidation.