REGISTERED NUMBER: 06915653 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 May 2025

for

BAAVET Cyf

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr R J Payne

Mrs L A Payne

Mr J R Dickie

Miss E Roberts

SECRETARY:

Mrs L A Payne

REGISTERED OFFICE:

Adeilad St Davids Building

Stryd Lombard Street

Porthmadog

Gwynedd

LL49 9AP

REGISTERED NUMBER:

06915653 (England and Wales)

ACCOUNTANTS:

Dunn & Ellis Cyf

Chartered Accountants

Adeilad St David's Building

Stryd Lombard Street

Porthmadog

Gwynedd

LL49 9AP

FIXED ASSETS

Intangible assets

4

250

250

Tangible assets

5

519,442

559,229

519,692

559,479

CURRENT ASSETS

Stocks

54,218

52,620

Debtors

6

25,786

22,500

Cash at bank

120,375

161,742

200,379

236,862

CREDITORS

Amounts falling due within one year

7

215,939

217,060

NET CURRENT (LIABILITIES)/ASSETS

(15,560

)

19,802

TOTAL ASSETS LESS CURRENT LIABILITIES

504,132

579,281

CREDITORS

Amounts falling due after more than one year

8

(292,474

)

(370,138

)

PROVISIONS FOR LIABILITIES

(40,797

)

(48,087

)

NET ASSETS

170,861

161,056

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

170,761

160,956

SHAREHOLDERS' FUNDS

170,861

161,056

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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 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 19 September 2025 and were signed on its behalf by:

Mr R J Payne - Director

Mrs L A Payne - Director

1.	STATUTORY INFORMATION

BAAVET Cyf 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.

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.

Patents and licences 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.

Plant and machinery etc

-

20% on reducing balance

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

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.

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.

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 10 (2024 - 9 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 June 2024

and 31 May 2025

250

NET BOOK VALUE

At 31 May 2025

250

At 31 May 2024

250

5.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 June 2024

355,336

437,637

792,973

Additions

-

1,241

1,241

At 31 May 2025

355,336

438,878

794,214

DEPRECIATION

At 1 June 2024

-

233,744

233,744

Charge for year

-

41,028

41,028

At 31 May 2025

-

274,772

274,772

NET BOOK VALUE

At 31 May 2025

355,336

164,106

519,442

At 31 May 2024

355,336

203,893

559,229

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.25

31.5.24

£

£

Trade debtors

20,000

22,500

Other debtors

5,786

-

25,786

22,500

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.25

31.5.24

£

£

Bank loans and overdrafts

14,771

18,755

Trade creditors

13,085

37,658

Taxation and social security

68,506

62,254

Other creditors

119,577

98,393

215,939

217,060

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.5.25

31.5.24

£

£

Other creditors

292,474

370,138

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The director's loan account was in credit throughout the year.

10.	RELATED PARTY DISCLOSURES