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REGISTERED NUMBER: 11263651 (Wales)















PYST CYFYNGEDIG

Unaudited Financial Statements

for the Year Ended 31 March 2025






PYST CYFYNGEDIG (REGISTERED NUMBER: 11263651)






Contents of the Financial Statements
for the Year Ended 31 March 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


PYST CYFYNGEDIG

Company Information
for the Year Ended 31 March 2025







DIRECTORS: A L Jones
A L Rees
N E L Thomas
O R Dafydd
O G Dutton
J E C Andrews
O D Gwilym
F W Dafis
M O Edwards
E J Roberts
T D Jones





REGISTERED OFFICE: 28 The Balcony
Castle Arcade
Cardiff
CF10 1BY





REGISTERED NUMBER: 11263651 (Wales)





ACCOUNTANTS: Xeinadin South Wales & West Limited
Accountants & Business Advisors
Suite 2d,
Building 1 Eastern Business Park
St Mellons
Cardiff
CF3 5EA

PYST CYFYNGEDIG (REGISTERED NUMBER: 11263651)

Balance Sheet
31 March 2025

31.3.25 31.3.24
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 28,420 10,312
Tangible assets 5 1,258 855
29,678 11,167

CURRENT ASSETS
Debtors 6 40,736 24,795
Cash at bank and in hand 14,961 21,558
55,697 46,353
CREDITORS
Amounts falling due within one year 7 42,205 30,099
NET CURRENT ASSETS 13,492 16,254
TOTAL ASSETS LESS CURRENT
LIABILITIES

43,170

27,421

PROVISIONS FOR LIABILITIES 2,122 2,122
NET ASSETS 41,048 25,299

RESERVES
Income and expenditure account 41,048 25,299
41,048 25,299

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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 8 August 2025 and were signed on its behalf by:





A L Jones - Director


PYST CYFYNGEDIG (REGISTERED NUMBER: 11263651)

Notes to the Financial Statements
for the Year Ended 31 March 2025

1. STATUTORY INFORMATION

PYST Cyfyngedig is a private company, limited by guarantee , registered in Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

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.

Development costs are being amortised evenly over their estimated useful life of three years.

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

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.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to surplus or deficit on a straight line basis over the period of the lease.

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.

Government grants
Government grants are awarded to the company for the provision of certain services. The grants are released to the profit and loss account as and when those services are provided. Capital grants are released over their useful economic lives.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2024 - 5 ) .

PYST CYFYNGEDIG (REGISTERED NUMBER: 11263651)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 April 2024 64,000
Additions 28,420
At 31 March 2025 92,420
AMORTISATION
At 1 April 2024 53,688
Charge for year 10,312
At 31 March 2025 64,000
NET BOOK VALUE
At 31 March 2025 28,420
At 31 March 2024 10,312

5. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 April 2024 6,607
Additions 917
At 31 March 2025 7,524
DEPRECIATION
At 1 April 2024 5,752
Charge for year 514
At 31 March 2025 6,266
NET BOOK VALUE
At 31 March 2025 1,258
At 31 March 2024 855

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£    £   
Trade debtors - 8,848
Other debtors 40,736 15,947
40,736 24,795

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£    £   
Trade creditors 5,719 3,739
Taxation and social security 6,922 6,645
Other creditors 29,564 19,715
42,205 30,099

PYST CYFYNGEDIG (REGISTERED NUMBER: 11263651)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

8. LIMITED BY GUARANTEE

The company is limited by guarantee and does not have share capital.

Every member of the company undertakes to contribute such amount as may be required (not exceeding one pound) to the assets of the company if it should be wound up whilst he/she is a member, for payment of the company's debts abd liabilities contracted before he/she ceases to be a member, and of the costs, charges and expenses of winding up, and for the adjustment of the rights of the contributors among themselves.

In the event of dissolution of the company, its remaining assets shall be disposed of by the directors in the ways that further the aims of the company.