IRIS Accounts Production v25.1.0.734 04616982 Board of Directors 1.1.24 31.12.24 31.12.24 false true false false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh046169822023-12-31046169822024-12-31046169822024-01-012024-12-31046169822022-12-31046169822023-01-012023-12-31046169822023-12-3104616982ns15:EnglandWales2024-01-012024-12-3104616982ns14:PoundSterling2024-01-012024-12-3104616982ns10:Director12024-01-012024-12-3104616982ns10:PrivateLimitedCompanyLtd2024-01-012024-12-3104616982ns10:SmallEntities2024-01-012024-12-3104616982ns10:AuditExempt-NoAccountantsReport2024-01-012024-12-3104616982ns10:SmallCompaniesRegimeForDirectorsReport2024-01-012024-12-3104616982ns10:SmallCompaniesRegimeForAccounts2024-01-012024-12-3104616982ns10:FullAccounts2024-01-012024-12-310461698212024-01-012024-12-3104616982ns10:Director22024-01-012024-12-3104616982ns10:CompanySecretary12024-01-012024-12-3104616982ns10:RegisteredOffice2024-01-012024-12-3104616982ns5:CurrentFinancialInstruments2024-12-3104616982ns5:CurrentFinancialInstruments2023-12-3104616982ns5:Non-currentFinancialInstruments2024-12-3104616982ns5:Non-currentFinancialInstruments2023-12-3104616982ns5:ShareCapital2024-12-3104616982ns5:ShareCapital2023-12-3104616982ns5:RetainedEarningsAccumulatedLosses2024-12-3104616982ns5:RetainedEarningsAccumulatedLosses2023-12-3104616982ns5:NetGoodwill2024-01-012024-12-3104616982ns5:IntangibleAssetsOtherThanGoodwill2024-01-012024-12-3104616982ns5:PlantMachinery2024-01-012024-12-3104616982ns5:NetGoodwill2023-12-3104616982ns5:NetGoodwill2024-12-3104616982ns5:NetGoodwill2023-12-3104616982ns5:PlantMachinery2023-12-3104616982ns5:PlantMachinery2024-12-3104616982ns5:PlantMachinery2023-12-3104616982ns5:WithinOneYearns5:CurrentFinancialInstruments2024-12-3104616982ns5:WithinOneYearns5:CurrentFinancialInstruments2023-12-31
REGISTERED NUMBER: 04616982 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

COEDYLAN FORESTRY CYF

COEDYLAN FORESTRY CYF (REGISTERED NUMBER: 04616982)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


COEDYLAN FORESTRY CYF

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTORS: Mr W D Taylor
Mrs M E Taylor





SECRETARY: Mrs M E Taylor





REGISTERED OFFICE: 13 Trinity Square
Llandudno
LL30 2RB





REGISTERED NUMBER: 04616982 (England and Wales)





ACCOUNTANTS: Williams Denton Cyf
Chartered Certified Accountants
Glaslyn
Ffordd y Parc
Parc Menai
Bangor
Gwynedd
LL57 4FE

COEDYLAN FORESTRY CYF (REGISTERED NUMBER: 04616982)

BALANCE SHEET
31 DECEMBER 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 965,389 940,267
Investment property 6 268,834 268,834
1,234,223 1,209,101

CURRENT ASSETS
Stocks 16,360 32,067
Debtors 7 62,433 13,611
Cash at bank 815,213 538,164
894,006 583,842
CREDITORS
Amounts falling due within one year 8 178,915 14,947
NET CURRENT ASSETS 715,091 568,895
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,949,314

1,777,996

CREDITORS
Amounts falling due after more than one
year

9

(179,525

)

(219,354

)

PROVISIONS FOR LIABILITIES (216,396 ) (160,610 )
NET ASSETS 1,553,393 1,398,032

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 1,553,391 1,398,030
SHAREHOLDERS' FUNDS 1,553,393 1,398,032

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

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

COEDYLAN FORESTRY CYF (REGISTERED NUMBER: 04616982)

BALANCE SHEET - continued
31 DECEMBER 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 Board of Directors and authorised for issue on 22 April 2025 and were signed on its behalf by:





Mr W D Taylor - Director


COEDYLAN FORESTRY CYF (REGISTERED NUMBER: 04616982)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024


1. STATUTORY INFORMATION

Coedylan Forestry Cyf 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2002, is being amortised evenly over its estimated useful life of twenty 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 - 25% on reducing balance and 10% on cost

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.


COEDYLAN FORESTRY CYF (REGISTERED NUMBER: 04616982)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


2. ACCOUNTING POLICIES - continued
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 2 (2023 - 3 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2024
and 31 December 2024 32,000
AMORTISATION
At 1 January 2024
and 31 December 2024 32,000
NET BOOK VALUE
At 31 December 2024 -
At 31 December 2023 -

COEDYLAN FORESTRY CYF (REGISTERED NUMBER: 04616982)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2024 1,376,177
Additions 485,563
Disposals (416,500 )
At 31 December 2024 1,445,240
DEPRECIATION
At 1 January 2024 435,910
Charge for year 129,191
Eliminated on disposal (85,250 )
At 31 December 2024 479,851
NET BOOK VALUE
At 31 December 2024 965,389
At 31 December 2023 940,267

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2024
and 31 December 2024 268,834
NET BOOK VALUE
At 31 December 2024 268,834
At 31 December 2023 268,834

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 62,433 11,114
Other debtors - 2,497
62,433 13,611

COEDYLAN FORESTRY CYF (REGISTERED NUMBER: 04616982)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,054 9,828
Taxation and social security 118,598 2,363
Other creditors 50,263 2,756
178,915 14,947

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 7,335 17,616
Other creditors 172,190 201,738
179,525 219,354