REGISTERED NUMBER: 04281615 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST JANUARY 2025

FOR

CANOLFAN ARWERTHIANT BRYNCIR CYF

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr John Huw Hughes

Mr John Lloyd Williams

SECRETARY:

Mr John Lloyd Williams

REGISTERED OFFICE:

The Old Police Station

Gaerwen

Anglesey

Gwynedd

LL60 6BL

REGISTERED NUMBER:

04281615 (England and Wales)

AUDITORS:

Richard Williams & Co

Chartered Accountants

The Old Police Station

Gaerwen

Anglesey

LL60 6BL

FIXED ASSETS

Tangible assets

4

250,764

253,667

Investments

5

5,604

5,200

256,368

258,867

CURRENT ASSETS

Stocks

1,547

1,696

Debtors

6

945,898

949,611

Investments

7

95,374

93,553

Cash at bank and in hand

409,893

235,964

1,452,712

1,280,824

CREDITORS

Amounts falling due within one year

8

337,740

273,258

NET CURRENT ASSETS

1,114,972

1,007,566

TOTAL ASSETS LESS CURRENT LIABILITIES

1,371,340

1,266,433

CREDITORS

Amounts falling due after more than one year

9

(60,343

)

(73,413

)

PROVISIONS FOR LIABILITIES

(26,164

)

(26,164

)

NET ASSETS

1,284,833

1,166,856

CAPITAL AND RESERVES

Called up share capital

129,601

129,601

Capital redemption reserve

1,500

1,500

Retained earnings

1,153,732

1,035,755

SHAREHOLDERS' FUNDS

1,284,833

1,166,856

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 28th October 2025 and were signed on its behalf by:

Mr John Huw Hughes - Director

Mr John Lloyd Williams - Director

Mr Iolo Pierce Ellis - Director

1.	STATUTORY INFORMATION

Canolfan Arwerthiant Bryncir 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 represents net invoiced sales of goods and services, excluding value added tax.

Tangible fixed assets

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

Land and buildings

-

not provided and Straight line over 25 years

Plant and machinery etc

-

20% on reducing balance, 15% on reducing balance, 5% on reducing balance and Straight line over 25 years

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.

Grants

Grants received are towards expenditure on fixed assets and are recognised in the Profit and loss account over the useful economic life of the related assets in accordance with their depreciation policy.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2024 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1st February 2024

48,039

374,407

422,446

Additions

-

949

949

At 31st January 2025

48,039

375,356

423,395

DEPRECIATION

At 1st February 2024

17,214

151,565

168,779

Charge for year

784

3,068

3,852

At 31st January 2025

17,998

154,633

172,631

NET BOOK VALUE

At 31st January 2025

30,041

220,723

250,764

At 31st January 2024

30,825

222,842

253,667

5.	FIXED ASSET INVESTMENTS

Own

shares

£

COST

At 1st February 2024

5,200

Additions

404

At 31st January 2025

5,604

NET BOOK VALUE

At 31st January 2025

5,604

At 31st January 2024

5,200

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

825,221

828,934

Other debtors

120,677

120,677

945,898

949,611

7.	CURRENT ASSET INVESTMENTS

2025

2024

£

£

Bank-re Credit insurance

95,374

93,553

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Taxation and social security

49,473

35,570

Other creditors

288,267

237,688

337,740

273,258

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Other creditors

60,343

73,413

10.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Richard Williams (Senior Statutory Auditor)

for and on behalf of Richard Williams & Co

11.	RELATED PARTY DISCLOSURES

1) Mr John Lloyd Williams & Mr John Huw Hughes are also the Directors of Lloyd Williams & Hughes Cyf, a company which provided professional services to Canolfan Arwerthiant Bryncir Cyf.

During the year the following transactions / conditions existed between the parties:

a) The company entered into transactions totalling £84,000 with Lloyd Williams & Hughes Cyf.

b) The freehold property - the Bryncir auction site is jointly owned as tenant in common between the Company and Lloyd Williams & Hughes Cyf.

2) Canolfan Arwerthiant Bryncir Cyf also provides services to its shareholders as they buy/sell livestock/machinery through the market. However, it is considered that to provide this information, the cost would be greater than the benefit.

12.	ULTIMATE CONTROLLING PARTY

Ultimate control of the company is held by:

Mr J L Williams - 44% Class A

Mr J H Hughes - 44% Class A

Mr Iolo Pierce Ellis - 10% Class A

Mr Arwel Vaughan Roberts - 2% Class A

13.	AUTHORISATION OF THE ISSUE OF THE FINANCIAL STATEMENTS

The financial statements for the year-ended 31st of January 2024 were authorised for issue on the date of the approval of the financial statements by the Directors. The authorisation for issue of the financial statements was given by the Board of Directors.