REGISTERED NUMBER: 06806610 (England and Wales)

FFERM FRONGLYD CYF

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

A T James

Mrs M E James

SECRETARY:

Mrs M E James

REGISTERED OFFICE:

45 High Street

Haverfordwest

Pembrokeshire

SA61 2BP

REGISTERED NUMBER:

06806610 (England and Wales)

ACCOUNTANTS:

Bevan Buckland LLP

Chartered Accountants

45 High Street

Haverfordwest

Pembrokeshire

SA61 2BP

FIXED ASSETS

Tangible assets

4

250,142

240,474

CURRENT ASSETS

Stocks

52,335

53,225

Debtors

5

38,567

27,212

Cash at bank

654,716

582,002

745,618

662,439

CREDITORS

Amounts falling due within one year

6

169,061

194,820

NET CURRENT ASSETS

576,557

467,619

TOTAL ASSETS LESS CURRENT LIABILITIES

826,699

708,093

PROVISIONS FOR LIABILITIES

32,109

30,238

NET ASSETS

794,590

677,855

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

794,490

677,755

SHAREHOLDERS' FUNDS

794,590

677,855

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 31 December 2025 and were signed on its behalf by:

A T James - Director

Mrs M James - Director

1.	STATUTORY INFORMATION

Fferm Fronglyd 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 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.

Improvements to property

-

2% straight line

Plant and Machinery

-

15% reducing balance

Fixtures and fittings

-

25% reducing balance

Motor vehicles

-

25% reducing balance

Wind turbine

-

15% 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Herd

The production herd has been included within the fixed assets at tax value under S122 Corporation Tax Act 2009, as there is a herd basis election in place.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Dairy

to

Plant and

herd

property

Machinery

£

£

£

COST

At 1 April 2024

77,415

3,279

226,645

Additions

-

5,211

35,502

At 31 March 2025

77,415

8,490

262,147

DEPRECIATION

At 1 April 2024

-

-

134,470

Charge for year

-

66

17,510

At 31 March 2025

-

66

151,980

NET BOOK VALUE

At 31 March 2025

77,415

8,424

110,167

At 31 March 2024

77,415

3,279

92,175

Fixtures

and

Motor

Wind

fittings

vehicles

turbine

Totals

£

£

£

£

COST

At 1 April 2024

2,381

26,403

352,345

688,468

Additions

-

-

-

40,713

At 31 March 2025

2,381

26,403

352,345

729,181

DEPRECIATION

At 1 April 2024

2,166

17,563

293,795

447,994

Charge for year

55

2,210

11,204

31,045

At 31 March 2025

2,221

19,773

304,999

479,039

NET BOOK VALUE

At 31 March 2025

160

6,630

47,346

250,142

At 31 March 2024

215

8,840

58,550

240,474

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

30,280

18,410

Other debtors

8,287

8,802

38,567

27,212

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

6,841

12,803

Taxation and social security

61,175

45,291

Other creditors

101,045

136,726

169,061

194,820

7.	RELATED PARTY DISCLOSURES

The company has the use of land and buildings owned by the director. No rent is paid.

During the year the directors made funds available to the company to assist with the provision of working capital. The loan was interest free, unsecured and payable on demand. The amount outstanding at the balance sheet date was £97,873 ( 2024 £129,960).