CYFRI CYFRIFWYR CYFYNGEDIG


Directors	DAVIES, Gary
	DAVIES, Llyr Gwyn


Company Secretary	DAVIES, Gary


Registered Address	23 College Street, Lampeter
	Ceredigion
	Wales
	SA48 7DY


Registered Number	04993371 (England and Wales)

Balance Sheet as at
30 April 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Intangible assets	3		1,383,511		1,383,511
Tangible assets	4		151,869		142,673
			1,535,380		1,526,184
Current assets
Stocks	5	125,000		125,000
Debtors		162,917		259,997
Cash at bank and on hand		47,443		46,726
		335,360		431,723
Creditors amounts falling due within one year	6	(558,180)		(644,960)
Net current assets (liabilities)			(222,820)		(213,237)
Total assets less current liabilities			1,312,560		1,312,947
Creditors amounts falling due after one year	7		(734,851)		(932,759)
Net assets			577,709		380,188
Capital and reserves
Called up share capital			14		14
Revaluation reserve			147,101		147,101
Profit and loss account			430,594		233,073
Shareholders' funds			577,709		380,188

The company was entitled to exemption from audit for this reporting period under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Board of Directors on 5 January 2026, and are signed on its behalf by:

DAVIES, Gary
Director
Registered Company No. 04993371

CYFRI CYFRIFWYR CYFYNGEDIG

Notes to the Financial Statements
for the year ended 30 April 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.

	Going concern
	These financial statements have been prepared on a going concern basis.

	Revenue from sale of goods
	Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

Revenue from sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Employee benefits
	Contributions to defined contribution plans are expensed in the period to which they relate.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

Foreign currency translation

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Deferred tax
	Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

Deferred tax

Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Intangible assets
	Intangible assets are measured at cost or valuation less any impairment losses.

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

	Stocks and work in progress
	Inventories are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).

2.	Average number of employees


		2025		2024
	Average number of employees during the year	19		23

3.	Intangible assets

	Goodwill	Total
	£	£
Cost or valuation
At 01 May 24	1,383,511	1,383,511
At 30 April 25	1,383,511	1,383,511
Net book value
At 30 April 25	1,383,511	1,383,511
At 30 April 24	1,383,511	1,383,511

4.	Tangible fixed assets

	Land & buildings	Plant & machinery	Fixtures & fittings	Total
	£	£	£	£
Cost or valuation
At 01 May 24	125,000	24,953	-	149,953
Additions	-	6,586	11,139	17,725
At 30 April 25	125,000	31,539	11,139	167,678
Depreciation and impairment
At 01 May 24	-	7,280	-	7,280
Charge for year	-	8,529	-	8,529
At 30 April 25	-	15,809	-	15,809
Net book value
At 30 April 25	125,000	15,730	11,139	151,869
At 30 April 24	125,000	17,673	-	142,673

5.	Stocks

	2025	2024
	£	£
Work in progress	125,000	125,000
Total	125,000	125,000

6.	Creditors: amounts due within one year

	2025	2024
	£	£
Trade creditors / trade payables	11,497	141,235
Bank borrowings and overdrafts	187,012	137,702
Amounts owed to related parties	8,217	1,077
Taxation and social security	173,885	132,991
Other creditors	16,000	24,955
Accrued liabilities and deferred income	161,569	207,000
Total	558,180	644,960


	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

7.	Creditors: amounts due after one year

	2025	2024
	£	£
Bank borrowings and overdrafts	294,072	321,928
Amounts owed to related parties	350,778	435,832
Other creditors	90,001	174,999
Total	734,851	932,759

8.	Directors advances, credits and guarantees
	As at 30 April 2024, the company owed Llyr Gwyn Davies £1,077 (2022: £355), no interest is charged and the amount is repayable in full on demand. Gary Davies owed the company £12,208. This amount was repaid in full within 9 months of the year-end.

9.	Related party transactions
	Cyfri Cyfyngedig is related by virtue of one of the directors of Cyfri Cyfrifwyr Cyfyngedig. Cyfri Cyfrifwyr Cyfyngedig rents office space to Cyfri Cyfyngedig. A rent for the year of £15,000 (2023: £15,000) was charged to Cyfri Cyfyngedig. From time to time either company may make short term loans to the other. At the balance sheet date the amount due to Cyfri Cyfyngedig was £435,832 (2023: £336,389). PJE Audit Services Ltd is related by virtue of the directors of Cyfri Cyfrifwyr Cyfyngedig. Cyfri Cyfrifwyr Cyfyngedig provides subcontracted labour to PJE Audit Services Ltd. From time to time either company may make short term loans to the other. At the balance sheet date the amount due from PJE Audit Services Ltd was £4,023 (2023: £560).

Related party transactions

Cyfri Cyfyngedig is related by virtue of one of the directors of Cyfri Cyfrifwyr Cyfyngedig. Cyfri Cyfrifwyr Cyfyngedig rents office space to Cyfri Cyfyngedig. A rent for the year of £15,000 (2023: £15,000) was charged to Cyfri Cyfyngedig. From time to time either company may make short term loans to the other. At the balance sheet date the amount due to Cyfri Cyfyngedig was £435,832 (2023: £336,389). PJE Audit Services Ltd is related by virtue of the directors of Cyfri Cyfrifwyr Cyfyngedig. Cyfri Cyfrifwyr Cyfyngedig provides subcontracted labour to PJE Audit Services Ltd. From time to time either company may make short term loans to the other. At the balance sheet date the amount due from PJE Audit Services Ltd was £4,023 (2023: £560).