Ffair Garon Cyfyngedig
Ffair Garon Cyfyngedig
Registered number: 5156687
Directors' Report and
Unaudited Financial Statements
For The Year Ended 30 June 2019
Jenny Regan BA FCA
Penlon
Llanddewi Brefi
Tregaron
SY25 6RX
Ffair Garon Cyfyngedig
Directors' Report and Unaudited Financial Statements
For The Year Ended 30 June 2019
Directors' Report and Unaudited Financial Statements
| Contents | |
| Page | |
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| Company Information | 1 |
| Directors' Report | 2 |
| Accountant's Report | 3 |
| Income and Expenditure Account | 4 |
| Balance Sheet | 5—6 |
| Notes to the Financial Statements | 7—8 |
Ffair Garon Cyfyngedig
Company Information
For The Year Ended 30 June 2019
Company Information
| Directors |
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| Secretary |
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| Company Number |
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| Registered Office | Ty Coed |
| Tregaron | |
| Ceredigion | |
| SY25 6JF | |
| Accountants |
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| Llanddewi Brefi | |
| Tregaron | |
| SY25 6RX | |
Page 1
Ffair Garon Cyfyngedig
Company No. 5156687
Directors' Report For The Year Ended 30 June 2019
Directors' Report
The directors present their report and the financial statements for the year ended 30 June 2019 .
Statement of Directors' Responsibilities
The directors are responsible for preparing the Directors' Report and the financial statements in accordance with applicable law and regulations.
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the surplus or deficit of the company for that period. In preparing the financial statements the directors are required to:
- select suitable accounting policies and then apply them consistently;
- make judgments and accounting estimates that are reasonable and prudent;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
Principal Activity
The company's principal activity continues to be that of the organisation of Ffair Garon annually.
Directors
The directors who held office during the year were as follows:
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Small Company Rules
This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
On behalf of the board
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Page 2
Ffair Garon Cyfyngedig
Accountant's Report
For The Year Ended 30 June 2019
Accountant's Report
In accordance with my engagement letter, and in order to assist you to fulfil your duties under the Companies Act 2006, I have compiled the financial statements of the company from the accounting records and information and explanations you have given to me.
This report is made to the directors in accordance with the terms of my engagement. My work has been undertaken to prepare for approval by the directors the financial statements that I have been engaged to compile, to report to the directors that I have done so, and to state those matters that I have agreed to state to them in this report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the Company and the Company's directors for my work or for this report.
You have acknowledged on the balance sheet as at year ended 30 June 2019 your duty to ensure that the company has kept proper accounting records and to prepare financial statements that give a true and fair view under the Companies Act 2006. You consider that the company is exempt from the statutory requirement for an audit for the year.
I have not been instructed to carry out an audit of the financial statements. For this reason, I have not verified the accuracy or completeness of the accounting records or information and explanations you have given to me and I do not, therefore, express any opinion on the financial statements.
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Penlon
Llanddewi Brefi
Tregaron
SY25 6RX
Page 3
Ffair Garon Cyfyngedig
Income and Expenditure Account
For The Year Ended 30 June 2019
Income and Expenditure Account
| 2019 | 2018 | |||
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| Notes | £ | £ | ||
| TURNOVER |
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| GROSS SURPLUS |
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| Administrative expenses |
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| Other operating income |
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| OPERATING DEFICIT AND DEFICIT FOR THE FINANCIAL YEAR |
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The notes on pages 7 to 8 form part of these financial statements.
Page 4
Ffair Garon Cyfyngedig
Balance Sheet
As at
30 June 2019
Balance Sheet
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| Notes | £ | £ | £ | £ | |
| FIXED ASSETS | |||||
| Tangible Assets | 2 |
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| CURRENT ASSETS | |||||
| Debtors | 3 |
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| Cash at bank and in hand |
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| Creditors: Amounts Falling Due Within One Year | 4 |
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| NET CURRENT ASSETS (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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| NET ASSETS |
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| Income and Expenditure Account |
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| MEMBERS' FUNDS | 2,218 | 2,672 | |||
Page 5
Ffair Garon Cyfyngedig
Balance Sheet (continued)
As at
30 June 2019
Directors' responsibilities:
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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.
On behalf of the board
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The notes on pages 7 to 8 form part of these financial statements.
Page 6
Ffair Garon Cyfyngedig
Notes to the Financial Statements
For The Year Ended 30 June 2019
Notes to the Financial Statements
1.
Accounting Policies
1.1.
Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
1.2.
Turnover
Turnover comprises income from stall hire and events at the annual Ffair Garon. The directors were unable to find sufficient support to enable them to run the fair in the year to 30 June 2018 and therefore there was no turnover in that year.
1.3.
Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. 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 & Machinery |
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1.4.
Government Grant
Government grants are recognised in the income and expenditure account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.
Grants for immediate financial support or to cover costs already incurred are recognised immediately in the income and expenditure account. Grants towards general activities of the entity over a specific period are recognised in the income and expenditure account over that period.
Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the income and expenditure account over the useful life of the asset concerned.
All grants in the income and expenditure account are recognised when all conditions for receipt have been complied with.
2.
Tangible Assets
| Plant & Machinery | |
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| Depreciation | |
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| Net Book Value | |
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Page 7
Ffair Garon Cyfyngedig
Notes to the Financial Statements (continued)
For The Year Ended 30 June 2019
3.
Debtors
| 2019 | 2018 | ||
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| £ | £ | ||
| Due within one year | |||
| Other debtors |
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Creditors: Amounts Falling Due Within One Year
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| Other creditors |
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| Accrued expenses |
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Creditors: Amounts Falling Due After More Than One Year
| 2019 | 2018 | ||
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| £ | £ | ||
| Deferred income |
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6.
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.
7.
Ultimate Controlling Party
The company is limited by guarantee and as such has no ultimate controlling party.
8.
General Information
Ffair Garon Cyfyngedig is a private company, limited by guarantee, incorporated in England & Wales, registered number 5156687 . The registered office is Ty Coed, Tregaron, Ceredigion, SY25 6JF.
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