REGISTERED NUMBER: 06633911 (Wales)

Unaudited Financial Statements for the Year Ended 31 December 2024

for

A Owen cyf

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

A Owen

Mrs M E Owen

REGISTERED OFFICE:

Bodysgaw Isaf

Llannefydd

Denbigh

DENBIGHSHIRE

LL16 5DS

REGISTERED NUMBER:

06633911 (Wales)

ACCOUNTANTS:

Iona Edwards cyf

Chartered Accountant

19 Denbigh Street

Llanrwst

Conwy

LL26 0LL

FIXED ASSETS

Intangible assets

4

518

773

Tangible assets

5

1,423,962

1,397,477

Investments

6

66,094

66,094

1,490,574

1,464,344

CURRENT ASSETS

Stocks

251,130

239,880

Debtors

7

231,778

168,156

Cash at bank

818,149

566,552

1,301,057

974,588

CREDITORS

Amounts falling due within one year

8

225,562

268,573

NET CURRENT ASSETS

1,075,495

706,015

TOTAL ASSETS LESS CURRENT LIABILITIES

2,566,069

2,170,359

CAPITAL AND RESERVES

Called up share capital

72

72

Retained earnings

2,565,997

2,170,287

SHAREHOLDERS' FUNDS

2,566,069

2,170,359

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.

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 9 July 2025 and were signed on its behalf by:

Mrs M E Owen - Director

A Owen - Director

1.	STATUTORY INFORMATION

A Owen cyf is a private company, limited by shares , registered in 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.

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.

Milk Quota are being amortised evenly over their estimated useful life of nil years.

Single Farm Entitlements are being amortised evenly over their estimated useful life of nil years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Long leasehold

-

10% on cost

Plant and machinery

-

15% on reducing balance

Tractors

-

25% on reducing balance

Motor vehicles

-

20% on reducing balance

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 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.

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 5 (2023 - 5 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 January 2024

and 31 December 2024

267,460

AMORTISATION

At 1 January 2024

266,687

Charge for year

255

At 31 December 2024

266,942

NET BOOK VALUE

At 31 December 2024

518

At 31 December 2023

773

5.	TANGIBLE FIXED ASSETS

Freehold

Long

Plant and

property

leasehold

machinery

£

£

£

COST

At 1 January 2024

946,081

363,380

1,196,606

Additions

-

-

47,632

Disposals

-

-

(6,110

)

At 31 December 2024

946,081

363,380

1,238,128

DEPRECIATION

At 1 January 2024

-

313,498

870,223

Charge for year

-

7,482

55,186

Eliminated on disposal

-

-

(2,921

)

At 31 December 2024

-

320,980

922,488

NET BOOK VALUE

At 31 December 2024

946,081

42,400

315,640

At 31 December 2023

946,081

49,882

326,383

Motor

Tractors

vehicles

Totals

£

£

£

COST

At 1 January 2024

469,480

101,843

3,077,390

Additions

77,500

-

125,132

Disposals

(42,000

)

-

(48,110

)

At 31 December 2024

504,980

101,843

3,154,412

DEPRECIATION

At 1 January 2024

403,834

92,358

1,679,913

Charge for year

25,287

1,897

89,852

Eliminated on disposal

(36,394

)

-

(39,315

)

At 31 December 2024

392,727

94,255

1,730,450

NET BOOK VALUE

At 31 December 2024

112,253

7,588

1,423,962

At 31 December 2023

65,646

9,485

1,397,477

6.	FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:

31.12.24

31.12.23

£

£

Milklink Capital deductions

66,094

66,094

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

109,110

60,588

Other debtors

122,668

107,568

231,778

168,156

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade creditors

86,527

182,535

Taxation and social security

135,485

82,488

Other creditors

3,550

3,550

225,562

268,573

9.	ULTIMATE CONTROLLING PARTY

The company is under the control of the directors, with no director having overall control.