REGISTERED NUMBER: 08203188 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30 September 2024

for

Gwynt Gelli Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

D A Thomas

REGISTERED OFFICE:

The Old School

The Quay

Carmarthen

Carmarthenshire

SA31 3LN

REGISTERED NUMBER:

08203188 (England and Wales)

ACCOUNTANTS:

Ashmole & Co.

Chartered Certified Accountants

The Old School

The Quay

Carmarthen

Carmarthenshire

SA31 3LN

FIXED ASSETS

Tangible assets

4

479,901

514,174

CURRENT ASSETS

Debtors

5

189,981

205,584

Cash at bank

723

24,887

190,704

230,471

CREDITORS

Amounts falling due within one year

6

54,777

84,169

NET CURRENT ASSETS

135,927

146,302

TOTAL ASSETS LESS CURRENT LIABILITIES

615,828

660,476

PROVISIONS FOR LIABILITIES

74,456

61,640

NET ASSETS

541,372

598,836

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

541,272

598,736

SHAREHOLDERS' FUNDS

541,372

598,836

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 director acknowledges his 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 director and authorised for issue on 26 September 2025 and were signed by:

D A Thomas - Director

1.	STATUTORY INFORMATION

Gwynt Gelli Ltd 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.

Tangible fixed assets

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

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

122,525

709,755

832,280

DEPRECIATION

At 1 October 2023

-

318,106

318,106

Charge for year

-

34,273

34,273

At 30 September 2024

-

352,379

352,379

NET BOOK VALUE

At 30 September 2024

122,525

357,376

479,901

At 30 September 2023

122,525

391,649

514,174

Plant and machinery is being depreciated over 20 years.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.24

30.9.23

£

£

Trade debtors

46,365

55,221

Other debtors

143,616

150,363

189,981

205,584

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.24

30.9.23

£

£

Trade creditors

1,091

2,497

Taxation and social security

52,836

48,244

Other creditors

850

33,428

54,777

84,169

7.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 September 2024 and 30 September 2023:

30.9.24

30.9.23

£

£

D A Thomas

Balance outstanding at start of year

(33,428

)

(114,501

)

Amounts advanced

35,279

95,073

Amounts repaid

(2,702

)

(14,000

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(851

)

(33,428

)

8.	RELATED PARTY DISCLOSURES

The Company pays an annual rental to of £20,000 to Mr D J Thomas for the use of the land.

9.	ULTIMATE CONTROLLING PARTY

The controlling party is D A Thomas.