REGISTERED NUMBER: 09971721 (Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Dunn & Ellis Cyf

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Accountants' Report

8

DIRECTORS:

Mr S E Roberts

Mr I LL Williams

Mrs N F Lane

Mrs L G Morgan

Mr H T Wilcox

Mr G M Davies

REGISTERED OFFICE:

Adeilad St. Davids Building

Stryd Lombard Street

Porthmadog

Gwynedd

LL49 9AP

REGISTERED NUMBER:

09971721 (Wales)

ACCOUNTANTS:

Dunn & Ellis Cyf

Chartered Accountants

Adeilad St David's Building

Stryd Lombard Street

Porthmadog

Gwynedd

LL49 9AP

FIXED ASSETS

Intangible assets

4

744,479

809,141

Tangible assets

5

53,818

60,746

Investments

6

1,500

-

799,797

869,887

CURRENT ASSETS

Work in progress

142,246

137,757

Debtors

7

402,024

470,754

Cash at bank and in hand

241,223

252,370

785,493

860,881

CREDITORS

Amounts falling due within one year

8

1,568,104

1,701,649

NET CURRENT LIABILITIES

(782,611

)

(840,768

)

TOTAL ASSETS LESS CURRENT LIABILITIES

17,186

29,119

CREDITORS

Amounts falling due after more than one year

9

(1,588

)

(11,791

)

PROVISIONS FOR LIABILITIES

(14,586

)

(16,328

)

NET ASSETS

1,012

1,000

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Retained earnings

12

-

SHAREHOLDERS' FUNDS

1,012

1,000

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 23 December 2025 and were signed on its behalf by:

Mr S E Roberts - Director

Mr I LL Williams - Director

1.	STATUTORY INFORMATION

Dunn & Ellis 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.

Goodwill

Goodwill 1

Porthmadog, being the amount paid in connection with the acquisition of a business in 2016, is being amortised evenly over its estimated useful life of twenty years.

Goodwill 2

Being the amount paid in connection with the acquisition of a business in 2017, is being amortised evenly over its estimated useful life of twenty years.

Goodwill 3

Being the amount paid in connection with the acquisition of a business in 2021, is being amortised evenly over its estimated useful life of twenty years.

Tangible fixed assets

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

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

Improvement to property - 5% straight line

Plant & machinery - 20% reducing balance

Fixtures & fittings - 20% reducing balance

Computer equipment - 20% reducing balance

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 work in progress 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.

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 38 (2024 - NIL ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

Goodwill

assets

Totals

£

£

£

COST

At 1 April 2024

and 31 March 2025

1,012,516

280,712

1,293,228

AMORTISATION

At 1 April 2024

405,006

79,081

484,087

Charge for year

50,626

14,036

64,662

At 31 March 2025

455,632

93,117

548,749

NET BOOK VALUE

At 31 March 2025

556,884

187,595

744,479

At 31 March 2024

607,510

201,631

809,141

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2024

150,595

Additions

7,200

Disposals

(2,138

)

At 31 March 2025

155,657

DEPRECIATION

At 1 April 2024

89,849

Charge for year

13,454

Eliminated on disposal

(1,464

)

At 31 March 2025

101,839

NET BOOK VALUE

At 31 March 2025

53,818

At 31 March 2024

60,746

6.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

Additions

1,500

At 31 March 2025

1,500

NET BOOK VALUE

At 31 March 2025

1,500

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

397,223

469,587

Amounts owed by group undertakings

2,871

-

Other debtors

1,930

1,167

402,024

470,754

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts

10,688

31,223

Trade creditors

67,720

108,460

Amounts owed to group undertakings

1,221,069

857,005

Taxation and social security

267,269

191,493

Other creditors

1,358

513,468

1,568,104

1,701,649

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans

1,588

11,791

10.	REGISTER OF CHARGES

HSBC Bank PLC

Charge date: 01/08/2016

Charge code: 0997 1721 0001

Brief description:

A fixed and floating charge over all assets.

Contains fixed charge.

Contains floating charge.

Floating charge covers all the property or undertaking of the company.

Contains negative pledge.

11.	RELATED PARTY DISCLOSURES

During the period both directors maintained a directors loan account which were in credit throughout the period.

At 31st March 2025 Dunn & Ellis Cyf owed the following sums to related parties:

Cwmni SER Cyf - £576,294.45 [2024 - £354,742.76]

ILLW Cyf - £644,775.25 [2024 - £502,262.13]

Nofain Cyf - (£ 1,353.07)

L Morgan Cyf - (£ 1,517.80)

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Dunn & Ellis Cyf for the year ended 31 March 2025 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Dunn & Ellis Cyf, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Dunn & Ellis Cyf and state those matters that we have agreed to state to the Board of Directors of Dunn & Ellis Cyf, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Dunn & Ellis Cyf and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Dunn & Ellis Cyf has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Dunn & Ellis Cyf. You consider that Dunn & Ellis Cyf is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Dunn & Ellis Cyf. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Dunn & Ellis Cyf

Chartered Accountants

Adeilad St David's Building

Stryd Lombard Street

Porthmadog

Gwynedd

LL49 9AP

Date: .............................................