Company registration number:
12680409
Troed y Foel Livestock Ltd
Unaudited filleted financial statements
30 September 2024
Troed y Foel Livestock Ltd
Contents
Directors and other information
Statement of financial position
Notes to the financial statements
Troed y Foel Livestock Ltd
Directors and other information
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Directors |
D A Jones |
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S J Jones |
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Company number |
12680409 |
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Registered office |
Pen y Garreg Farm |
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Abergynolwyn |
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Tywyn |
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Gwynedd |
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LL36 9YU |
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Accountants |
Cyfrifwyr Hill & Roberts Accountants |
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1 Tan y Castell |
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Dog Lane |
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Ruthin |
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Denbighshire |
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LL15 1DQ |
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Troed y Foel Livestock Ltd
Statement of financial position
30 September 2024
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30/09/24 |
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30/06/23 |
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Note |
£ |
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£ |
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£ |
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£ |
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Current assets |
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Stocks |
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- |
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36,000 |
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Debtors |
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4 |
27,902 |
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79,299 |
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_______ |
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_______ |
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27,902 |
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115,299 |
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Creditors: amounts falling due |
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within one year |
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5 |
(
30,982) |
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(
98,478) |
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_______ |
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_______ |
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Net current (liabilities)/assets |
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(
3,080) |
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16,821 |
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_______ |
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_______ |
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Total assets less current liabilities |
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(
3,080) |
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16,821 |
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Creditors: amounts falling due |
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after more than one year |
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6 |
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- |
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(
32,508) |
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_______ |
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_______ |
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Net liabilities |
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(
3,080) |
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(
15,687) |
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_______ |
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_______ |
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Capital and reserves |
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Called up share capital |
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100 |
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100 |
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Profit and loss account |
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(
3,180) |
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(
15,787) |
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_______ |
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_______ |
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Shareholders deficit |
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(
3,080) |
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(
15,687) |
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_______ |
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_______ |
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For the period ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities:
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The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476;
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the
board of directors
and authorised for issue on
09 June 2025
, and are signed on behalf of the board by:
D A Jones
Director
Company registration number:
12680409
Troed y Foel Livestock Ltd
Notes to the financial statements
Period ended 30 September 2024
1.
General information
The company is a private company limited by shares, registered in Wales. The address of the registered office is Pen y Garreg Farm, Abergynolwyn, Tywyn, Gwynedd, LL36 9YU.
2.
Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
The company had ceased to trade by 30 September 2024. The company directors are seeking to wind the company up in the near future. The financial statements have been prepared on the basis other than a going concern.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
4.
Debtors
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30/09/24 |
30/06/23 |
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£ |
£ |
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Trade debtors |
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- |
2,023 |
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Other debtors |
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27,902 |
77,276 |
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_______ |
_______ |
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27,902 |
79,299 |
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_______ |
_______ |
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5.
Creditors: amounts falling due within one year
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30/09/24 |
30/06/23 |
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£ |
£ |
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Bank loans and overdrafts |
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1,023 |
68,759 |
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Trade creditors |
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94 |
1,096 |
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Corporation tax |
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5,763 |
27,913 |
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Other creditors |
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24,102 |
710 |
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_______ |
_______ |
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30,982 |
98,478 |
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_______ |
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Bank loans and overdrafts of £1,023 included within creditors: amounts falling due within one year (2023 - £68,759) are secured by a registered debenture in favour of HSBC Bank plc by way of fixed and floating charges on all assets of the company.
6.
Creditors: amounts falling due after more than one year
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30/09/24 |
30/06/23 |
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£ |
£ |
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Bank loans and overdrafts |
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32,508 |
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_______ |
_______ |
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The bank loan of £Nil included within creditors: amounts falling due after more than one year (2023 - £32,508) is secured by a registered debenture in favour of HSBC Bank plc by way of a fixed and floating charges on all assets of the company.
7.
Directors advances, credits and guarantees
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During the period the directors entered into the following advances and credits with the company: |
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Period ended 30/09/24 |
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Balance brought forward |
Advances /(credits) to the directors |
Amounts repaid |
Balance o/standing |
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£ |
£ |
£ |
£ |
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D A Jones |
38,588 |
6,750 |
(
56,939) |
(
11,601) |
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S J Jones |
38,588 |
6,750 |
(
56,939) |
(
11,601) |
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_______ |
_______ |
_______ |
_______ |
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77,176 |
13,500 |
(
113,878) |
(
23,202) |
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_______ |
_______ |
_______ |
_______ |
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Year ended 30/06/23 |
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Balance brought forward |
Advances /(credits) to the directors |
Amounts repaid |
Balance o/standing |
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£ |
£ |
£ |
£ |
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D A Jones |
33,463 |
5,125 |
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38,588 |
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S J Jones |
33,463 |
5,125 |
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38,588 |
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_______ |
_______ |
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_______ |
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66,926 |
10,250 |
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77,176 |
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_______ |
_______ |
_______ |
_______ |
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The amount due to the company by the directors is repayable on demand. No interest is charged on the amount owed to the company. No amounts have been written off or waived during the year.