Pelfasged Cyf

	Page
Balance Sheet	1
Notes to the Financial Statements	2—4

Registered number: 08273793

		2026		2025
	Notes	£	£	£	£
FIXED ASSETS

CURRENT ASSETS
Debtors	5	7,903		26,934
Cash at bank and in hand		340,774		370,983

		348,677		397,917
Creditors: Amounts Falling Due Within One Year	6	(161,034 )		(237,867 )

NET CURRENT ASSETS (LIABILITIES)			187,643		160,050

TOTAL ASSETS LESS CURRENT LIABILITIES			187,643		160,050

NET ASSETS			187,643		160,050

Income and Expenditure Account			187,643		160,050

MEMBERS' FUNDS			187,643		160,050

For the year ending 31 March 2026 the company was entitled to exemption from audit 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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income and Expenditure Account.

On behalf of the board

N Mohamed

Director

31/08/2026

The notes on pages 2 to 4 form part of these financial statements.

1. General Information

Pelfasged Cyf is a private company, limited by guarantee, incorporated in England & Wales, registered number 08273793 . The registered office is 5 Cwrt Rebecca, Pontarddulais, Swansea.

The presentation currency of the financial statements is the Pound Sterling (£).

The company is a public benefit entity.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Income is recognised to the extent that it is probable that the economic benefits will flow to the company and the income can be reliably measured. Income is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

The following criteria must also be met before income is recognised:

Grants receivable

Grants are not recognised in the Income Statement until there is reasonable assurance that the company will comply with the conditions attaching to them and the grants will be received. Grants are measured at the fair value of the asset received or receivable.

Grants that do not impose specified future performance-related conditions on the company are recognised in income when the grant proceeds are received or receivable. Grants that impose specified future performance-related conditions on the company are recognised in income only when the performance-related conditions are met. Grants received before the revenue recognition criteria are satisfied are recognised as a liability.

Where a grant becomes repayable it is recognised as a liability when the repayment meets the definition of a liability.

Ticket income, competition income and other event income

This income is recognised as revenue when the related event is staged.

Provision of services

Income from a contract to provide services is recognised in the period in which the services are provided.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Cost includes the original purchase price of the asset and the costs attributable to bringing the asset to its working condition for its intended use.

Assets are capitalised if an individual asset exceeds £100 in value.

Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant and machinery etc - 33% on cost

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Pelfasged Cyf

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

2.4. Financial Instruments

The company only enters into basic financial instruments, transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable.

Financial assets and liabilities are offset and the net amount reported in the balance sheet only when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Trade and other debtors that are receivable within one year and do not constitute a financing transaction are recorded at the undiscounted amount expected to be received, net of impairment.

Cash and cash equivalents comprise cash at bank and in hand.

Trade and other creditors are initially recognised at the transaction price and are thereafter stated at amortised cost using the effective interest method unless the effect of discounting would be immaterial, in which case they are stated at cost.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 6 (2025: 3)

4. Tangible Assets

	Plant & Machinery etc.
	£
Cost
As at 1 April 2025	2,528

As at 31 March 2026	2,528

Depreciation
As at 1 April 2025	2,528

As at 31 March 2026	2,528

Net Book Value
As at 31 March 2026	-

As at 1 April 2025	-

5. Debtors

	2026	2025
	£	£
Due within one year
Trade debtors	7,903	13,607
Other debtors	-	13,327

	7,903	26,934

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Pelfasged Cyf

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

6. Creditors: Amounts Falling Due Within One Year

	2026	2025
	£	£
Trade creditors	21,872	3,455
Other creditors	139,162	234,412

	161,034	237,867

Other creditors at 31 March 2026 includes income received from Sport Wales deferred to the following financial year totalling £99,040 (2025 £199,426).

7. Company limited by guarantee

The company is limited by guarantee and has no share capital.

Every member of the company undertakes to contribute to the assets of the company, in the event of a winding up, such an amount as may be required not exceeding £1.

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