REGISTERED NUMBER: |
Y Prentis |
Unaudited Financial Statements for the Year Ended 30th September 2024 |
REGISTERED NUMBER: |
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: |
Registered office: |
Registered number: |
Accountants: |
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 |
Current assets |
Stocks |
Debtors | 5 |
Cash at bank |
Creditors |
Amounts falling due within one year | 6 | ( |
) | ( |
) |
Net current assets |
Total assets less current liabilities |
Reserves |
Other reserves |
Income and expenditure account |
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 were approved by the Board of Directors and authorised for issue on |
Y Prentis (Registered number: 08212906) |
Notes to the Financial Statements |
for the Year Ended 30th September 2024 |
1. | Statutory information |
Y Prentis is a |
2. | Accounting policies |
Basis of preparing the financial statements |
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 |
Computer equipment | - |
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 |
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 |
Additions |
At 30th September 2024 |
Depreciation |
At 1st October 2023 |
Charge for year |
At 30th September 2024 |
Net book value |
At 30th September 2024 |
At 30th September 2023 |
5. | Debtors: amounts falling due within one year |
2024 | 2023 |
£ | £ |
Trade debtors |
Tax |
Prepayments and accrued income |
6. | Creditors: amounts falling due within one year |
2024 | 2023 |
£ | £ |
Social security and other taxes |
VAT | 38,451 | 22,922 |
Other creditors |
Accruals and deferred income |
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. |