REGISTERED NUMBER: 08387082 (Wales)

Unaudited Financial Statements for the Year Ended 28 February 2025

for

Cwrw Da Cyf

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr G Jones

Ms H Thomas

REGISTERED OFFICE:

33 Y Maes

Caernarfon

Gwynedd

LL55 2NN

REGISTERED NUMBER:

08387082 (Wales)

ACCOUNTANTS:

Emyr Mortimer Cyf

32 Y Maes

Caernarfon

Gwynedd

LL55 2NN

FIXED ASSETS

Tangible assets

4

91,751

114,689

CURRENT ASSETS

Stocks

62,000

62,000

Cash at bank and in hand

10,695

12,371

72,695

74,371

CREDITORS

Amounts falling due within one year

5

482,383

426,117

NET CURRENT LIABILITIES

(409,688

)

(351,746

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(317,937

)

(237,057

)

CREDITORS

Amounts falling due after more than one year

6

(36,420

)

(61,947

)

PROVISIONS FOR LIABILITIES

7

(22,517

)

(21,401

)

NET LIABILITIES

(376,874

)

(320,405

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(376,974

)

(320,505

)

(376,874

)

(320,405

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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 22 September 2025 and were signed on its behalf by:

Mr G Jones - Director

1.	STATUTORY INFORMATION

Cwrw Da 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.

Going concern

The balance sheet discloses there to be net liabilities of £376,874 (2024:320,405) at the year end. The directors are confident that this has no effect the company's day to day trading or its going concern position. Based on this, the financial statements are prepared on the going concern basis.

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 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 50 (2024 - 50 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 March 2024

and 28 February 2025

419,180

DEPRECIATION

At 1 March 2024

304,491

Charge for year

22,938

At 28 February 2025

327,429

NET BOOK VALUE

At 28 February 2025

91,751

At 29 February 2024

114,689

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.25

29.2.24

£

£

Bank loans and overdrafts

23,591

23,591

Trade creditors

3,676

16,840

Taxation and social security

37,274

29,126

Other creditors

417,842

356,560

482,383

426,117

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

28.2.25

29.2.24

£

£

Bank loans

36,420

61,947

7.	PROVISIONS FOR LIABILITIES

28.2.25

29.2.24

£

£

Deferred tax

22,517

21,401

Deferred

tax

£

Balance at 1 March 2024

21,401

Provided during year

1,116

Balance at 28 February 2025

22,517

8.	OTHER FINANCIAL COMMITMENTS

There is a personal guarantee from the Directors of 20% of the Development Bank Wales (DBW) loan amount. The balance of the loan outstanding as at the year end was £30,512. Each Director is legally bound by its terms and is personally liable to DBW as well as the Company.