Ffynonau Duon Mines Limited - Accounts to registrar (filleted) - small 18.2
Ffynonau Duon Mines Limited - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| FFYNONAU DUON MINES LIMITED |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 30 SEPTEMBER 2018 |
| FFYNONAU DUON MINES LIMITED (REGISTERED NUMBER: 01024041) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 30 SEPTEMBER 2018 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 3 |
| FFYNONAU DUON MINES LIMITED |
| COMPANY INFORMATION |
| FOR THE YEAR ENDED 30 SEPTEMBER 2018 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| Elfed House |
| Oak Tree Court |
| Cardiff Gate Business Park |
| CARDIFF |
| County of Cardiff |
| CF23 8RS |
| FFYNONAU DUON MINES LIMITED (REGISTERED NUMBER: 01024041) |
| BALANCE SHEET |
| 30 SEPTEMBER 2018 |
| 2018 | 2017 |
| Notes | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| CURRENT ASSETS |
| Debtors | 5 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 6 | ( |
) | ( |
) |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CAPITAL AND RESERVES |
| Called up share capital | 7 |
| Share premium |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| 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. |
| In accordance with Section 444 of the Companies Act 2006, the Profit and loss account has not been delivered. |
| The financial statements were approved for issue by the Board of Directors on behalf by: |
| FFYNONAU DUON MINES LIMITED (REGISTERED NUMBER: 01024041) |
| NOTES TO THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 30 SEPTEMBER 2018 |
| 1. | STATUTORY INFORMATION |
| Ffynonau Duon Mines Limited is a |
| company's registered number and registered office address can be found on the Company Information page. |
| The company's functional and presentational currency in the financial statements is the Sterling (£), rounded to |
| the nearest pound. |
| The significant accounting policies applied in the presentation of these financial statements are set out below. |
| These policies have been consistently applied to all years presented unless otherwise stated. |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| There have been no material departures from Financial Reporting Standard 102 1A. |
| Tangible fixed assets |
| Depreciation is provided at the following rates in order to write off each asset over its estimated useful life. |
| Freehold Land | - | not provided |
| Leasehold Improvements | - | over term of lease |
| Plant and Machinery | - | 15% on reducing balance |
| Fixtures and Fittings | - | 15% on reducing balance |
| Motor Vehicles | - | 25% on reducing balance |
| Current tax |
| Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the year and |
| is calculated using the tax rates and laws that have been enacted or substantively enacted at the balance sheet |
| date. |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the |
| balance sheet 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. |
| Employee benefits |
| When employees have rendered service to the company, short-term employee benefits to which the employees |
| are entitled are recognised at the undiscounted amount expected to be paid in exchange for that service. |
| Non-derivative financial instruments |
| Basic financial instruments are recognised at amortised cost. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| FFYNONAU DUON MINES LIMITED (REGISTERED NUMBER: 01024041) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 30 SEPTEMBER 2018 |
| 4. | TANGIBLE FIXED ASSETS |
| Fixtures |
| Freehold | Leasehold | Plant and | and |
| Land | Improvements | Machinery | Fittings | Totals |
| £ | £ | £ | £ | £ |
| COST |
| At 1 October 2017 |
| and 30 September 2018 |
| DEPRECIATION |
| At 1 October 2017 |
| Charge for year |
| At 30 September 2018 |
| NET BOOK VALUE |
| At 30 September 2018 |
| At 30 September 2017 |
| 5. | DEBTORS |
| 2018 | 2017 |
| £ | £ |
| Amounts falling due within one year: |
| Other debtors |
| Directors' current accounts | 147,038 | - |
| VAT |
| Amounts falling due after more than one year: |
| Deferred tax asset | 74,196 | 43,742 |
| Aggregate amounts |
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2018 | 2017 |
| £ | £ |
| Trade creditors |
| Social security and other taxes |
| Wages control account | 96 | - |
| Amounts due to related party | - | 78,085 |
| Accruals and deferred income |
| FFYNONAU DUON MINES LIMITED (REGISTERED NUMBER: 01024041) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 30 SEPTEMBER 2018 |
| 7. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2018 | 2017 |
| value: | £ | £ |
| Ordinary B | £1 | 4,500 | 4,500 |
| Deferred ordinary | £1 | 100,000 | 100,000 |
| 104,500 | 104,500 |
| Allotted and issued: |
| Number: | Class: | Nominal | 2018 | 2017 |
| value: | £ | £ |
| Ordinary A | £1 | 510 | 510 |
| 8. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
| The following advances and credits to a director subsisted during the years ended 30 September 2018 and |
| 30 September 2017: |
| 2018 | 2017 |
| £ | £ |
| Balance outstanding at start of year |
| Amounts advanced |
| Amounts repaid |
| Amounts written off | - | - |
| Amounts waived | - | - |
| Balance outstanding at end of year |
| There are no fixed repayment terms and interest has been charged at a commercial rate. The loan was repaid |
| in June 2019. |