REGISTERED NUMBER: 05098999 (Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Llaeth y Llan cyf

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

D G Roberts

Mrs F J Roberts

O E Roberts

Mrs L Roberts-Radford

SECRETARY:

Mrs F J Roberts

REGISTERED OFFICE:

Tal y Bryn

Llannefydd

Denbigh

LL16 5DR

REGISTERED NUMBER:

05098999 (Wales)

ACCOUNTANTS:

Iona Edwards cyf

Chartered Accountant

19 Denbigh Street

Llanrwst

Conwy

LL26 0LL

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

2,875,903

2,595,785

2,875,903

2,595,785

CURRENT ASSETS

Stocks

692,960

591,962

Debtors

6

1,594,594

1,305,555

Cash at bank

2,622,074

2,310,759

4,909,628

4,208,276

CREDITORS

Amounts falling due within one year

7

2,006,583

1,634,934

NET CURRENT ASSETS

2,903,045

2,573,342

TOTAL ASSETS LESS CURRENT LIABILITIES

5,778,948

5,169,127

CREDITORS

Amounts falling due after more than one year

8

749,933

969,981

NET ASSETS

5,029,015

4,199,146

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

5,028,915

4,199,046

SHAREHOLDERS' FUNDS

5,029,015

4,199,146

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 30 December 2025 and were signed on its behalf by:

O E Roberts - Director

1.	STATUTORY INFORMATION

Llaeth y Llan 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, being the amount paid in connection with the acquisition of a business in 2006, is being amortised evenly over its estimated useful life of ten years.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Long leasehold

-

2% on cost

Improvements to property

-

10% on cost

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

20% on reducing balance

Motor vehicles

-

20% on reducing balance

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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 56 (2024 - 55 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

and 31 March 2025

100,000

AMORTISATION

At 1 April 2024

and 31 March 2025

100,000

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

-

5.	TANGIBLE FIXED ASSETS

Improvements

Long

to

Plant and

leasehold

property

machinery

£

£

£

COST

At 1 April 2024

1,575,842

180,102

3,343,603

Additions

-

287,707

216,879

At 31 March 2025

1,575,842

467,809

3,560,482

DEPRECIATION

At 1 April 2024

199,621

180,102

2,259,704

Charge for year

22,335

24,883

195,117

At 31 March 2025

221,956

204,985

2,454,821

NET BOOK VALUE

At 31 March 2025

1,353,886

262,824

1,105,661

At 31 March 2024

1,376,221

-

1,083,899

Fixtures

and

Motor

fittings

vehicles

Totals

£

£

£

COST

At 1 April 2024

149,371

460,425

5,709,343

Additions

-

56,251

560,837

At 31 March 2025

149,371

516,676

6,270,180

DEPRECIATION

At 1 April 2024

122,618

351,513

3,113,558

Charge for year

5,351

33,033

280,719

At 31 March 2025

127,969

384,546

3,394,277

NET BOOK VALUE

At 31 March 2025

21,402

132,130

2,875,903

At 31 March 2024

26,753

108,912

2,595,785

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

£

COST

At 1 April 2024

and 31 March 2025

1,666,853

DEPRECIATION

At 1 April 2024

1,127,701

Charge for year

80,873

At 31 March 2025

1,208,574

NET BOOK VALUE

At 31 March 2025

458,279

At 31 March 2024

539,152

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

1,157,187

997,933

Other debtors

437,407

307,622

1,594,594

1,305,555

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts

67,646

67,646

Hire purchase contracts

214,416

214,416

Trade creditors

953,554

492,192

Taxation and social security

295,766

355,379

Other creditors

475,201

505,301

2,006,583

1,634,934

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans

590,887

636,789

Hire purchase contracts

159,046

333,192

749,933

969,981

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

320,304

366,206