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REGISTERED NUMBER: 05246923 (England and Wales)


















CRANC CYFYNGEDIG

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024






CRANC CYFYNGEDIG (REGISTERED NUMBER: 05246923)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


CRANC CYFYNGEDIG

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2024







DIRECTORS: G R Provan
J Provan





REGISTERED OFFICE: 1st Floor
46 Cardiff Road
Llandaff
CARDIFF
County of Cardiff
CF5 2DT





REGISTERED NUMBER: 05246923 (England and Wales)





ACCOUNTANTS: MHA (trading name of MHA Advisory Limited)
Elfed House
Oak Tree Court
Cardiff Gate Business Park
CARDIFF
County of Cardiff
CF23 8RS

CRANC CYFYNGEDIG (REGISTERED NUMBER: 05246923)

BALANCE SHEET
30 SEPTEMBER 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 28,534 34,707
Investments 5 - 35,349
28,534 70,056

CURRENT ASSETS
Debtors 6 48,452 49,880
Cash at bank and in hand 98,216 181,647
146,668 231,527
CREDITORS
Amounts falling due within one year 7 (62,635 ) (94,467 )
NET CURRENT ASSETS 84,033 137,060
TOTAL ASSETS LESS CURRENT
LIABILITIES

112,567

207,116

PROVISIONS FOR LIABILITIES (5,366 ) (7,642 )
NET ASSETS 107,201 199,474

CAPITAL AND RESERVES
Called up share capital 8 10,000 10,000
Non distributable reserve - 3,670
Retained earnings 97,201 185,804
SHAREHOLDERS' FUNDS 107,201 199,474

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

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

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 Profit and loss account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 June 2025 and were signed on its behalf by:




G R Provan - Director


CRANC CYFYNGEDIG (REGISTERED NUMBER: 05246923)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024


1. STATUTORY INFORMATION

Cranc Cyfyngedig 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.

The company's functional and presentational currency in the financial statements is Sterling (£), rounded to the nearest pound.

The significant accounting policies applied in the presentation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

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 as modified by the revaluation of certain assets.

There have been no material departures from Financial Reporting Standard 102 1A.

Turnover
Turnover represents amounts billed and billable in respect of the provision of audio post production facilities during the year, excluding value added tax.

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 - 20% on cost
Fixtures and Fittings - 15% on reducing balance
Office Equipment - 33% on reducing balance

Taxation
Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the year and is calculated using the tax rates and laws that have been enacted or substantively enacted at 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.

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.

Financial instruments
Basic financial instruments are recognised at amortised costs.

Investments
Investments are included at fair value. Gains are recognised in the profit and loss statement. Deferred tax is provided on these gains at the rate expected to apply when the asset is sold. Listed investments are valued at the current bid price at the balance sheet date.

Employee benefits
When employees have rendered service to the company, short-term employee benefits to which the employees are entitled are recognised at the undiscounted amount expected to be paid in exchange for that service.

CRANC CYFYNGEDIG (REGISTERED NUMBER: 05246923)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2023 - 7 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Office
Machinery Fittings Equipment Totals
£    £    £    £   
COST
At 1 October 2023 282,340 94,223 41,934 418,497
Additions - 1,400 3,075 4,475
Disposals (94,936 ) - (3,622 ) (98,558 )
At 30 September 2024 187,404 95,623 41,387 324,414
DEPRECIATION
At 1 October 2023 279,659 78,883 25,248 383,790
Charge for year 1,295 2,354 5,909 9,558
Eliminated on disposal (94,936 ) - (2,532 ) (97,468 )
At 30 September 2024 186,018 81,237 28,625 295,880
NET BOOK VALUE
At 30 September 2024 1,386 14,386 12,762 28,534
At 30 September 2023 2,681 15,340 16,686 34,707

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1 October 2023 35,349
Disposals (30,456 )
Revaluations (4,893 )
At 30 September 2024 -
NET BOOK VALUE
At 30 September 2024 -
At 30 September 2023 35,349

The investments, which are all listed, were disposed of during the year.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 32,160 34,235
Other debtors 4,000 4,327
Prepayments and accrued income 12,292 11,318
48,452 49,880

CRANC CYFYNGEDIG (REGISTERED NUMBER: 05246923)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 13,247 31,424
Corporation tax 7,788 19,411
Social security and other taxes 4,974 4,854
VAT 21,222 24,943
Other creditors 606 1,577
Directors' current accounts 5,708 5,545
Accruals and deferred income 9,090 6,713
62,635 94,467

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
10,000 Ordinary £1 10,000 10,000

9. OTHER FINANCIAL COMMITMENTS

At the year end date, the company had financial commitments of £27,896 (2023: £55,792) in respect of an operating lease on the rental of property.