Vyrnwy Developments Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 05135668 (England and Wales)

Abridged Unaudited Financial Statements for the Year Ended 31 January 2019

for

Vyrnwy Developments Limited

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

B D Bisiker

T J Dunning

Mrs S A Bisiker

E J R Bisiker

REGISTERED OFFICE:

Inglewood

Llanwddyn

Oswestry

Shropshire

SY10 0LX

REGISTERED NUMBER:

05135668 (England and Wales)

FIXED ASSETS

Tangible assets

4

278,898

287,722

CURRENT ASSETS

Debtors

1,955

1,846

Cash at bank and in hand

44,011

37,079

45,966

38,925

CREDITORS

Amounts falling due within one year

172,418

166,887

NET CURRENT LIABILITIES

(126,452

)

(127,962

)

TOTAL ASSETS LESS CURRENT LIABILITIES

152,446

159,760

CREDITORS

Amounts falling due after more than one year

5

(104,326

)

(112,316

)

PROVISIONS FOR LIABILITIES

7

(4,162

)

(4,650

)

NET ASSETS

43,958

42,794

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

43,957

42,793

SHAREHOLDERS' FUNDS

43,958

42,794

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2019 in accordance with Section 476 of the Companies Act 2006.

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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 January 2019 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 5 September 2019 and were signed on its behalf by:

B D Bisiker - Director

1.	STATUTORY INFORMATION

Vyrnwy Developments Limited is a private company, limited by shares , registered in England and Wales. The

company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Land and buildings

-

2% on cost

Plant and machinery etc

-

15% on reducing balance

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.

Current or deferred taxation assets and liabilities are not discounted.

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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2018 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 February 2018

369,793

Additions

1,300

At 31 January 2019

371,093

DEPRECIATION

At 1 February 2018

82,071

Charge for year

10,124

At 31 January 2019

92,195

NET BOOK VALUE

At 31 January 2019

278,898

At 31 January 2018

287,722

5.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE YEARS

31.1.19

31.1.18

£

£

Repayable by instalments

Bank loans more 5 yr by instal

53,927

61,917

6.	SECURED DEBTS

The following secured debts are included within creditors:

31.1.19

31.1.18

£

£

Bank loans

116,926

124,916

The loan is secured on the freehold property of the company and by a personal guarantee of a director..

7.	PROVISIONS FOR LIABILITIES

31.1.19

31.1.18

£

£

Deferred tax

Accelerated capital allowances

4,162

4,650

Deferred

tax

£

Balance at 1 February 2018

4,650

Provided during year

(488

)

Balance at 31 January 2019

4,162