REGISTERED NUMBER: 04210542 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Chwarel Cyfyngedig

Page

Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

608,738

627,323

Investments

6

100

50

608,838

627,373

CURRENT ASSETS

Debtors

7

341,590

350,741

Cash at bank

50,929

126,708

392,519

477,449

CREDITORS

Amounts falling due within one year

8

306,032

491,089

NET CURRENT ASSETS/(LIABILITIES)

86,487

(13,640

)

TOTAL ASSETS LESS CURRENT LIABILITIES

695,325

613,733

CREDITORS

Amounts falling due after more than one year

9

289,036

357,219

NET ASSETS

406,289

256,514

CAPITAL AND RESERVES

Called up share capital

420

420

Retained earnings

405,869

256,094

SHAREHOLDERS' FUNDS

406,289

256,514

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 9 October 2025 and were signed on its behalf by:

Mrs S W Morys - Director

1.	STATUTORY INFORMATION

Chwarel Cyfyngedig is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

04210542

Registered office:

Lon Cefn Cwrt

Cricieth

Gwynedd

LL52 0EY

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.

Tangible fixed assets

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

Investments in associates

Investments in associate undertakings are recognised at cost.

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 5 (2024 - 7 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

and 31 March 2025

230,000

AMORTISATION

At 1 April 2024

and 31 March 2025

230,000

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

-

5.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 April 2024

357,847

497,114

854,961

Disposals

-

(4,057

)

(4,057

)

At 31 March 2025

357,847

493,057

850,904

DEPRECIATION

At 1 April 2024

-

227,638

227,638

Charge for year

-

16,873

16,873

Eliminated on disposal

-

(2,345

)

(2,345

)

At 31 March 2025

-

242,166

242,166

NET BOOK VALUE

At 31 March 2025

357,847

250,891

608,738

At 31 March 2024

357,847

269,476

627,323

6.	FIXED ASSET INVESTMENTS

Interest

in

associate

£

COST

At 1 April 2024

50

Additions

50

At 31 March 2025

100

NET BOOK VALUE

At 31 March 2025

100

At 31 March 2024

50

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

57,530

657

Amounts owed by group undertakings

48,323

-

Other debtors

235,737

350,084

341,590

350,741

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts

59,615

101,824

Hire purchase contracts

8,836

13,430

Trade creditors

183,478

214,539

Taxation and social security

28,021

74,201

Other creditors

26,082

87,095

306,032

491,089

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans

187,404

233,335

Hire purchase contracts

22,090

30,926

Other creditors

79,542

92,958

289,036

357,219

Amounts falling due in more than five years:

Repayable by instalments

Natwest Loan Acc 74125214

55,544

67,905

Natwest Loan Acc 77941462

5,521

10,250

Funding Circle Loan

-

19,041

61,065

97,196

10.	RELATED PARTY DISCLOSURES

Quarry Productions Limited

Chwarel Cyfyngedig is a joint Shareholder in Quarry Productions Limited and Sioned Morys (Director) is also a Director of the Company.

As at 31/03/2025, Quarry Productions Limited owed £105,739 to Chwarel Cyfyngedig.

As at 31/03/2025, Chwarel Cyfyngedig owed £57,416 to Quarry Productions Limited.

11.	DIRECTORS ADVANCES, CREDITS AND GUARANTEES

During the year ended 31 March 2025 the movement on the director's loan account of Mrs Sioned Morys was as follows:

£

Opening balance 140,659 o/d

Amounts repaid 36,649

Amounts advanced (32,114)

------------

Amount owed by the Director at 31 March 2025 136,124 o/d

======

(Interest has been charged at a rate of 2.25% on overdrawn balances)

The above amount has been included in Other Debtors.

During the year the company paid rents totalling £9960 to the director.