Registration number: 04660521

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Contents

Company Information	1
Balance Sheet	2 to 3
Notes to the Unaudited Financial Statements	4 to 11

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Company Information

Directors

Mr G Saunders-Jones Mr D G Saunders- Jones Mr O G Saunders-Jones Mr S G Saunders-Jones

Company secretary

Mrs G Saunders-Jones

Registered office

Adeiladau'r Fagwyr Llandre Aberystwyth Ceredigion SY24 5AQ

Bankers

Barclays Bank plc 26 Terrace Road Aberystwyth Ceredigion SY23 2AE

Accountants

W J James & Co Chartered AccountantsBishop House 10 Wheat Street Brecon Powys LD3 7DG

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(Registration number: 04660521)
Balance Sheet as at 31 March 2025

	Note	2025 £	2024 £
Fixed assets
Intangible assets	4	36,740	4,611
Tangible assets	5	65,234	38,818
Investments	6	51	51
		102,025	43,480
Current assets
Stocks		152,500	133,800
Debtors	7	379,058	414,538
Cash at bank and in hand		703,232	614,430
		1,234,790	1,162,768
Creditors: Amounts falling due within one year	8	(341,247)	(315,649)
Net current assets		893,543	847,119
Total assets less current liabilities		995,568	890,599
Creditors: Amounts falling due after more than one year	8	(31,470)	(27,589)
Provisions for liabilities		(20,060)	(9,690)
Net assets		944,038	853,320
Capital and reserves
Called up share capital		106	106
Retained earnings		943,932	853,214
Shareholders' funds		944,038	853,320

For the financial year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 16 December 2025 and signed on its behalf by:
 

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(Registration number: 04660521)
Balance Sheet as at 31 March 2025

......................................... Mr G Saunders-Jones Director

......................................... Mr D G Saunders- Jones Director

......................................... Mr O G Saunders-Jones Director

......................................... Mr S G Saunders-Jones Director

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Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Adeiladau'r Fagwyr
Llandre
Aberystwyth
Ceredigion
SY24 5AQ
United Kingdom

These financial statements were authorised for issue by the Board on 16 December 2025.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are presented in sterling, which is the functional currency of the company, and rounded to the nearest £1.

Revenue recognition

Turnover represents amounts chargeable, net of Value Added Tax, in respect of the sale of goods and services to customers.

Government grants

Grants are receivable from various organisations. These are included in turnover or other income depending on the nature of the grant and are released to the profit and loss account in the same accounting period as the expenditure to which the grant monies relate to are incurred. Grants have been received, some of which relate to publishing rights expenditure, website development costs, computer equipment and fixtures and fittings. To the extent that these grants relate to capital expenditure incurred, they have been treated as deferred income and are being released to the profit and loss account at the same rate that the capital expenditure is being amortised to the profit and loss account.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

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Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

The current corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Long leasehold property improvements	10% on cost
Short leasehold property improvements	20% on cost
Fixtures and fittings	25% on reducing balance
Computer equipment	33% on reducing balance
Motor vehicles	25% on reducing balance

Business combinations

Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.

Intangible assets

Intangible assets are stated in the balance sheet at cost less accumulated amortisation and impairment.

Publishing rights are amortised over the period for which the company owns the rights.

Translation management software costs are amortised to the profit and loss account equally over four years from the point at which the software is brought into use.

Website development costs are amortised to the profit and loss account equally over four years. Ongoing costs in respect of the website are expensed to the profit and loss account as they are incurred.

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Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Investments

The company's investment in its 51% owned subsidiary, Cynyrchiadau Mojo Productions Cyfyngedig is stated at cost less impairment.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Stocks

Stocks are stated at the lower of cost, after due regard for obsolete and slow moving stocks.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

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Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 41 (2024 - 37).

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Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

4	Intangible assets

	Publishing rights  £	Translation management software  £	Website development  £	Total £
Cost or valuation
At 1 April 2024	20,484	22,381	31,432	74,297
Additions acquired separately	-	37,787	11,200	48,987
Disposals	-	(22,381)	-	(22,381)
At 31 March 2025	20,484	37,787	42,632	100,903
Amortisation
At 1 April 2024	17,872	20,944	30,870	69,686
Amortisation charge	2,612	9,447	3,362	15,421
Amortisation eliminated on disposals	-	(20,944)	-	(20,944)
At 31 March 2025	20,484	9,447	34,232	64,163
Carrying amount
At 31 March 2025	-	28,340	8,400	36,740
At 31 March 2024	2,612	1,437	562	4,611

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Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

5	Tangible assets

	Long leasehold land and buildings £	Short leasehold land and buildings £	Fixtures and fittings £	Computer equipment £
Cost or valuation
At 1 April 2024	37,671	2,530	54,847	92,174
Additions	31,622	-	812	13,398
Disposals	-	-	(1,900)	(7,413)
At 31 March 2025	69,293	2,530	53,759	98,159
Depreciation
At 1 April 2024	34,480	2,530	42,228	69,595
Charge for the year	3,751	-	3,353	11,797
Eliminated on disposal	-	-	(1,881)	(7,186)
At 31 March 2025	38,231	2,530	43,700	74,206
Carrying amount
At 31 March 2025	31,062	-	10,059	23,953
At 31 March 2024	3,191	-	12,619	22,579

	Motor vehicles  £	Total £
Cost or valuation
At 1 April 2024	18,978	206,200
Additions	-	45,832
Disposals	(16,128)	(25,441)
At 31 March 2025	2,850	226,591
Depreciation
At 1 April 2024	18,549	167,382
Charge for the year	54	18,955
Eliminated on disposal	(15,913)	(24,980)
At 31 March 2025	2,690	161,357
Carrying amount
At 31 March 2025	160	65,234
At 31 March 2024	429	38,818

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Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

6	Investments

	2025 £	2024 £
Investments in subsidiaries	51	51