REGISTERED NUMBER:
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TYDDYN LLWYN LIMITED |
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FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 31 JANUARY 2022 |
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REGISTERED NUMBER:
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TYDDYN LLWYN LIMITED |
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FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 31 JANUARY 2022 |
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TYDDYN LLWYN LIMITED (REGISTERED NUMBER: 11048151) |
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CONTENTS OF THE FINANCIAL STATEMENTS |
For The Year Ended 31 January 2022 |
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Page |
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Company Information | 1 |
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Abridged Balance Sheet | 2 | to | 4 |
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Notes to the Financial Statements | 5 | to | 7 |
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TYDDYN LLWYN LIMITED |
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COMPANY INFORMATION |
For The Year Ended 31 January 2022 |
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DIRECTORS: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Bentley Bridge House |
Chesterfield Road |
Matlock |
Derbyshire |
DE4 5LE |
TYDDYN LLWYN LIMITED (REGISTERED NUMBER: 11048151) |
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ABRIDGED BALANCE SHEET |
31 January 2022 |
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2022 | 2021 |
Notes | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
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CURRENT ASSETS |
Stocks |
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Debtors |
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Prepayments and accrued income |
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Cash at bank and in hand |
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CREDITORS |
Amounts falling due within one year | ( |
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NET CURRENT LIABILITIES | ( |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CREDITORS |
Amounts falling due after more than one
year |
5 |
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( |
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PROVISIONS FOR LIABILITIES | ( |
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NET ASSETS |
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CAPITAL AND RESERVES |
Called up share capital |
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Retained earnings |
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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. |
TYDDYN LLWYN LIMITED (REGISTERED NUMBER: 11048151) |
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ABRIDGED BALANCE SHEET - continued |
31 January 2022 |
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In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
TYDDYN LLWYN LIMITED (REGISTERED NUMBER: 11048151) |
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ABRIDGED BALANCE SHEET - continued |
31 January 2022 |
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The financial statements were approved by the Board of Directors and authorised for issue on
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TYDDYN LLWYN LIMITED (REGISTERED NUMBER: 11048151) |
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NOTES TO THE FINANCIAL STATEMENTS |
For The Year Ended 31 January 2022 |
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1. | STATUTORY INFORMATION |
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Tyddyn Llwyn Limited is a
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
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Tangible fixed assets |
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Plant and machinery etc | - |
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Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
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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. |
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Current or deferred taxation assets and liabilities are not discounted. |
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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. |
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Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. |
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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. |
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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. |
TYDDYN LLWYN LIMITED (REGISTERED NUMBER: 11048151) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
For The Year Ended 31 January 2022 |
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2. | ACCOUNTING POLICIES - continued |
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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. |
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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. |
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Assets held under finance leases and hire purchase contracts, which are those where substantially all the risks and rewards of ownership of the asset have passed to the company, are capitalised in the balance sheet and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. |
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The interest element of the rental obligations is charged to the profit and loss account over the period of the lease and represents a constant proportion of the balance of capital repayments outstanding. |
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Rentals paid under operating leases are charged to income on as incurred over the lease term. |
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Pension costs and other post-retirement benefits |
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate. |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was
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4. | TANGIBLE FIXED ASSETS |
Totals |
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COST |
At 1 February 2021 |
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Additions |
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At 31 January 2022 |
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DEPRECIATION |
At 1 February 2021 |
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Charge for year |
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At 31 January 2022 |
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NET BOOK VALUE |
At 31 January 2022 |
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At 31 January 2021 |
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TYDDYN LLWYN LIMITED (REGISTERED NUMBER: 11048151) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
For The Year Ended 31 January 2022 |
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4. | TANGIBLE FIXED ASSETS - continued |
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Fixed assets, included in the above, which are held under hire purchase contracts are as follows: |
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Totals |
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COST |
At 1 February 2021 | 50,610 |
Additions | 15,776 |
At 31 January 2022 | 66,386 |
DEPRECIATION |
At 1 February 2021 | 10,122 |
Charge for year | 13,278 |
At 31 January 2022 | 23,400 |
NET BOOK VALUE |
At 31 January 2022 | 42,986 |
At 31 January 2021 | 40,488 |
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5. |
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE
YEARS |
2022 | 2021 |
£ | £ |
Repayable by instalments |
Bank loans more 5 yr by instal | 188,885 | 244,881 |
Other loans more 5yrs instal | - | 16,667 |
188,885 | 261,548 |
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6. | SECURED DEBTS |
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The following secured debts are included within creditors: |
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2022 | 2021 |
£ | £ |
Bank loans |
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The loans are secured by fixed and floating charges cover the company's assets by Clydesdale Bank Plc. |
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7. | RELATED PARTY DISCLOSURES |
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There have been no material transactions with any related parties, other than those with the directors. |
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8. | ULTIMATE CONTROLLING PARTY |
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The company is controlled by its directors, by virtue of their shareholdings. |