30/09/2019
2019-09-30
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No description of principal activities is disclosed
2018-10-01
Sage Accounts Production 18.30 - FRS
xbrli:pure
xbrli:shares
iso4217:GBP
9160650
2018-10-01
2019-09-30
9160650
2019-09-30
9160650
2018-09-30
9160650
2018-09-30
9160650
core:PlantMachinery
2018-10-01
2019-09-30
9160650
bus:RegisteredOffice
2018-10-01
2019-09-30
9160650
bus:LeadAgentIfApplicable
2018-10-01
2019-09-30
9160650
bus:Director1
2018-10-01
2019-09-30
9160650
bus:Director2
2018-10-01
2019-09-30
9160650
core:FurnitureFittingsToolsEquipment
2018-09-30
9160650
core:FurnitureFittingsToolsEquipment
2019-09-30
9160650
core:WithinOneYear
2019-09-30
9160650
core:WithinOneYear
2018-09-30
9160650
core:ShareCapital
2019-09-30
9160650
core:ShareCapital
2018-09-30
9160650
core:RetainedEarningsAccumulatedLosses
2019-09-30
9160650
core:RetainedEarningsAccumulatedLosses
2018-09-30
9160650
core:FurnitureFittingsToolsEquipment
2018-10-01
2019-09-30
9160650
core:FurnitureFittingsToolsEquipment
2018-09-30
9160650
bus:SmallEntities
2018-10-01
2019-09-30
9160650
bus:AuditExemptWithAccountantsReport
2018-10-01
2019-09-30
9160650
bus:FullAccounts
2018-10-01
2019-09-30
9160650
bus:SmallCompaniesRegimeForAccounts
2018-10-01
2019-09-30
9160650
bus:PrivateLimitedCompanyLtd
2018-10-01
2019-09-30
9160650
core:KeyManagementIndividualGroup1
2018-10-01
2019-09-30
9160650
core:KeyManagementIndividualGroup1
2019-09-30
9160650
core:KeyManagementIndividualGroup1
2018-09-30
9160650
core:KeyManagementIndividualGroup2
2018-10-01
2019-09-30
9160650
core:KeyManagementIndividualGroup2
2019-09-30
9160650
core:KeyManagementIndividualGroup2
2018-09-30
Company registration number:
9160650
Cartrefi Carrog Cyf
Unaudited filleted financial statements
30 September 2019
Cartrefi Carrog Cyf
Contents
Directors and other information
Accountants report
Statement of financial position
Notes to the financial statements
Cartrefi Carrog Cyf
Directors and other information
|
|
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|
Directors
|
DR Morris
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|
|
EG Morris
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Company number
|
9160650
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|
|
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Registered office
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Preswylfa
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Dryslwyn
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Carmarthenshire
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SA32 8SF
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Business address
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Glancarrog
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Llanrhystyd
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Ceredigion
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SY23 5AL
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Accountants
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Davies Lewis Baker Ltd
|
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31 Bridge Street
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Aberystwyth
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Ceredigion
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|
SY23 3EJ
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|
Cartrefi Carrog Cyf
Report to the board of directors on the preparation of the
unaudited statutory financial statements of Cartrefi Carrog Cyf
Year ended 30 September 2019
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Cartrefi Carrog Cyf for the year ended 30 September 2019 which comprise the statement of financial position and related notes from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal.com/gb/en/about-us/regulation/rulebook.html.
This report is made solely to the board of directors of Cartrefi Carrog Cyf, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Cartrefi Carrog Cyf and state those matters that we have agreed to state to the board of directors of Cartrefi Carrog Cyf as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global /Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Cartrefi Carrog Cyf and its board of directors as a body for our work or for this report.
It is your duty to ensure that Cartrefi Carrog 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 Cartrefi Carrog Cyf. You consider that Cartrefi Carrog 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 Cartrefi Carrog 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.
Davies Lewis Baker Ltd
Chartered Certified Accountants
31 Bridge Street
Aberystwyth
Ceredigion
SY23 3EJ
30 September 2020
Cartrefi Carrog Cyf
Statement of financial position
30 September 2019
|
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2019
|
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|
|
2018
|
|
|
|
|
Note
|
£
|
|
£
|
|
£
|
|
£
|
|
|
|
|
|
|
|
|
|
|
Fixed assets
|
|
|
|
|
|
|
|
|
|
Tangible assets
|
|
4
|
874
|
|
|
|
1,093
|
|
|
|
|
|
_______
|
|
|
|
_______
|
|
|
|
|
|
|
|
874
|
|
|
|
1,093
|
|
|
|
|
|
|
|
|
|
|
Current assets
|
|
|
|
|
|
|
|
|
|
Stocks
|
|
|
335,296
|
|
|
|
527,902
|
|
|
Debtors
|
|
5
|
5,665
|
|
|
|
16,850
|
|
|
Cash at bank and in hand
|
|
|
81,771
|
|
|
|
10,329
|
|
|
|
|
|
_______
|
|
|
|
_______
|
|
|
|
|
|
422,732
|
|
|
|
555,081
|
|
|
Creditors: amounts falling due
|
|
|
|
|
|
|
|
|
|
within one year
|
|
7
|
(
359,207)
|
|
|
|
(
567,337)
|
|
|
|
|
|
_______
|
|
|
|
_______
|
|
|
Net current assets/(liabilities)
|
|
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|
|
63,525
|
|
|
|
(
12,256)
|
|
|
|
|
|
_______
|
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|
|
_______
|
Total assets less current liabilities
|
|
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64,399
|
|
|
|
(
11,163)
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|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
_______
|
|
|
|
_______
|
Net assets/(liabilities)
|
|
|
|
|
64,399
|
|
|
|
(
11,163)
|
|
|
|
|
|
_______
|
|
|
|
_______
|
|
|
|
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|
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|
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Capital and reserves
|
|
|
|
|
|
|
|
|
|
Called up share capital
|
|
|
|
|
2
|
|
|
|
2
|
Profit and loss account
|
|
|
|
|
64,397
|
|
|
|
(
11,165)
|
|
|
|
|
|
_______
|
|
|
|
_______
|
Shareholders funds/(deficit)
|
|
|
|
|
64,399
|
|
|
|
(
11,163)
|
|
|
|
|
|
_______
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|
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|
_______
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For the year ending 30 September 2019 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
These financial statements were approved by the
board of directors
and authorised for issue on
30 September 2020
, and are signed on behalf of the board by:
EG Morris
Director
Company registration number:
9160650
Cartrefi Carrog Cyf
Notes to the financial statements
Year ended 30 September 2019
1.
General information
The company is a private company limited by shares, registered in Wales. The address of the registered office is Preswylfa, Dryslwyn, Carmarthenshire, SA32 8SF.
2.
Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer, usually on despatch of the goods; the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.
Tangible assets
Tangible assets are initially recorded at cost, and is subsequently stated at cost less any accumulated depreciation and any accumulated impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost of an asset, less its residual value, over the useful economic life of that asset as follows:
|
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Plant and machinery
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-
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12.5 %
|
straight line
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|
|
|
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.Debt instruments are subsequently measured at amortised cost
. Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics.Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised
.
4.
Tangible assets
|
|
Fixtures, fittings and equipment
|
Total
|
|
|
|
|
|
|
|
£
|
£
|
|
|
|
|
|
|
Cost
|
|
|
|
|
|
|
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|
At 1 October 2018 and 30 September 2019
|
1,750
|
1,750
|
|
|
|
|
|
|
|
_______
|
_______
|
|
|
|
|
|
|
Depreciation
|
|
|
|
|
|
|
|
|
At 1 October 2018
|
657
|
657
|
|
|
|
|
|
|
Charge for the year
|
219
|
219
|
|
|
|
|
|
|
|
_______
|
_______
|
|
|
|
|
|
|
At 30 September 2019
|
876
|
876
|
|
|
|
|
|
|
|
_______
|
_______
|
|
|
|
|
|
|
Carrying amount
|
|
|
|
|
|
|
|
|
At 30 September 2019
|
874
|
874
|
|
|
|
|
|
|
|
_______
|
_______
|
|
|
|
|
|
|
At 30 September 2018
|
1,093
|
1,093
|
|
|
|
|
|
|
|
_______
|
_______
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
5.
Debtors
|
|
|
2019
|
2018
|
|
|
|
£
|
£
|
|
Trade debtors
|
|
232
|
-
|
|
Other debtors
|
|
5,433
|
16,850
|
|
|
|
_______
|
_______
|
|
|
|
5,665
|
16,850
|
|
|
|
_______
|
_______
|
|
|
|
|
|
6.
Cash and cash equivalents
|
|
|
2019
|
2018
|
|
|
|
£
|
£
|
|
Cash at bank and in hand
|
|
81,771
|
10,329
|
|
|
|
_______
|
_______
|
|
|
|
|
|
National Westminster Bank Plc holds a charge over £
7,205
(2018: £ 7,205
) of the cash held by the company, as security against a guarantee entered into by the company (see note 8).
7.
Creditors: amounts falling due within one year
|
|
|
2019
|
2018
|
|
|
|
£
|
£
|
|
Trade creditors
|
|
26,186
|
35,999
|
|
Corporation tax
|
|
14,926
|
-
|
|
Social security and other taxes
|
|
1,109
|
551
|
|
Other creditors
|
|
316,986
|
530,787
|
|
|
|
_______
|
_______
|
|
|
|
359,207
|
567,337
|
|
|
|
_______
|
_______
|
|
|
|
|
|
8.
Guarantees
The company has entered into a guarantee for £7,205 (2018: £7,205) which is not included in the balance sheet. The guarantee is secured by a charge over its bank deposit account of the same amount (see note 6).
9.
Related party transactions
The company is financed by loans from its directors, who also own all the share capital of the company. The loans are provided interest free and with no fixed terms of repayment. At 30 September 2019 the balance of these loans was £
147,195
owed to EG Morris
(30 September 2018: £ 147,195
) and £ 165,738
owed to DR Morris
(30 September 2018: £ 381,057
).