REGISTERED NUMBER: 10401215 (Wales)

Unaudited Financial Statements for the Year Ended 30th September 2025

for

Rhys Iorwerth Cyf

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr Rh Iorwerth

REGISTERED OFFICE:

Isgraig

Lon Ddewi

Caernarfon

Gwynedd

LL55 1BH

REGISTERED NUMBER:

10401215 (Wales)

ACCOUNTANTS:

Dunn & Ellis Cyf

Chartered Accountants

Adeilad St David's Building

Stryd Lombard Street

Porthmadog

Gwynedd

LL49 9AP

FIXED ASSETS

Tangible assets

4

1,148

1,223

CURRENT ASSETS

Stocks

-

5,000

Debtors

5

8,378

2,658

8,378

7,658

CREDITORS

Amounts falling due within one year

6

9,119

8,490

NET CURRENT LIABILITIES

(741

)

(832

)

TOTAL ASSETS LESS CURRENT LIABILITIES

407

391

PROVISIONS FOR LIABILITIES

218

232

NET ASSETS

189

159

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

89

59

189

159

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th September 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th September 2025 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 24th November 2025 and were signed by:

Mr Rh Iorwerth - Director

1.	STATUTORY INFORMATION

Rhys Iorwerth 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.

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.

Fixtures & fittings - 20% reducing balance

Computer equipment - 20% reducing balance

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

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

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 1 (2024 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1st October 2024

3,098

Additions

212

At 30th September 2025

3,310

DEPRECIATION

At 1st October 2024

1,875

Charge for year

287

At 30th September 2025

2,162

NET BOOK VALUE

At 30th September 2025

1,148

At 30th September 2024

1,223

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.25

30.9.24

£

£

Trade debtors

1,979

1,999

Other debtors

6,399

659

8,378

2,658

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.25

30.9.24

£

£

Bank loans and overdrafts

481

464

Taxation and social security

7,983

5,913

Other creditors

655

2,113

9,119

8,490

7.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30th September 2025 and 30th September 2024:

30.9.25

30.9.24

£

£

Mr Rh Iorwerth

Balance outstanding at start of year

(1,498

)

(3,486

)

Amounts advanced

11,559

12,661

Amounts repaid

(3,662

)

(10,673

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

6,399

(1,498

)

8.	RELATED PARTY DISCLOSURES

During the year, total dividends of £33,500 (2024 - £25,050) were paid to the director .