Menter Amaeth Llanfihangel a'r Cylch Cyf - Accounts to registrar (filleted)

REGISTERED NUMBER: 05570262 (Wales)

Unaudited Financial Statements for the Year Ended 30 September 2024

for

Menter Amaeth Llanfihangel a'r Cylch Cyf

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Chartered Accountants' Report

5

DIRECTORS:

Mr D L Evans

Mr R A Humphreys

Mr L I Jones

Mr M R Roberts

SECRETARY:

Mr L I Jones

REGISTERED OFFICE:

Derwydd

LLanfihangel G M

Corwen

Denbighshire

LL21 9UP

REGISTERED NUMBER:

05570262 (Wales)

ACCOUNTANTS:

Dunn & Ellis Cyf

Chartered Accountants

Adeilad St David's Building

Stryd Lombard Street

Porthmadog

Gwynedd

LL49 9AP

FIXED ASSETS

Tangible assets

4

3,884

4,854

CURRENT ASSETS

Debtors

5

10,958

5,668

Cash at bank

4,060

4,032

15,018

9,700

CREDITORS

Amounts falling due within one year

6

9,270

6,255

NET CURRENT ASSETS

5,748

3,445

TOTAL ASSETS LESS CURRENT
LIABILITIES

9,632

8,299

PROVISIONS FOR LIABILITIES

738

922

NET ASSETS

8,894

7,377

RESERVES

Retained earnings

8,894

7,377

8,894

7,377

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20 August 2025 and were signed on its behalf by:

Mr L I Jones - Director

1.	STATUTORY INFORMATION

Menter Amaeth Llanfihangel a'r Cylch Cyf 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.

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.

Significant judgements and estimates

The depreciation rate applied to plant & machinery during this year and for subsequent years has been changed to 20% reducing balance to more accurately reflect their useful lives.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

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

Plant & machinery - 20% reducing balance

Fixed assets are stated at their cost prices less accumulated depreciation and less any amounts reecognised in respect of any impairment.

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 profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

COST

At 1 October 2023

and 30 September 2024

21,771

21,743

43,514

DEPRECIATION

At 1 October 2023

21,771

16,889

38,660

Charge for year

-

970

At 30 September 2024

21,771

17,859

39,630

NET BOOK VALUE

At 30 September 2024

-

3,884

At 30 September 2023

-

4,854

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.24

30.9.23

£

Trade debtors

10,958

5,668

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.24

30.9.23

£

Trade creditors

963

476

Taxation and social security

3,070

598

Other creditors

5,237

5,181

9,270

6,255

Included within other creditors is £4,455 (2023 - £4,455) owed to the members for loans made to the company. The amount is repayable on demand.

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Menter Amaeth Llanfihangel a'r Cylch Cyf for the year ended 30 September 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Menter Amaeth Llanfihangel a'r Cylch Cyf, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Menter Amaeth Llanfihangel a'r Cylch Cyf and state those matters that we have agreed to state to the Board of Directors of Menter Amaeth Llanfihangel a'r Cylch Cyf, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Menter Amaeth Llanfihangel a'r Cylch Cyf and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Menter Amaeth Llanfihangel a'r Cylch Cyf has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Menter Amaeth Llanfihangel a'r Cylch Cyf. You consider that Menter Amaeth Llanfihangel a'r Cylch Cyf is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Menter Amaeth Llanfihangel a'r Cylch Cyf. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Dunn & Ellis Cyf

Chartered Accountants

Adeilad St David's Building

Stryd Lombard Street

Porthmadog

Gwynedd

LL49 9AP

Date: .............................................