Cartrefi Croeso Cyfyngedig - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 11224142 (Wales)

CARTREFI CROESO CYFYNGEDIG

FINANCIAL STATEMENTS

FOR THE PERIOD

26 FEBRUARY 2018 TO 31 MARCH 2019

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTORS:

S W Walters

J Morgan

J K Howell

D Gilbert

REGISTERED OFFICE:

County Hall

Carmarthenshire

SA31 1JP

REGISTERED NUMBER:

11224142 (Wales)

AUDITORS:

Bevan Buckland LLP

Chartered Accountants

& Statutory Auditors

45 High Street

Haverfordwest

Pembrokeshire

SA61 2BP

FIXED ASSETS

Tangible assets

4

5,408

CURRENT ASSETS

Stocks

5

119,878

CREDITORS

Amounts falling due within one year

6

339,616

NET CURRENT LIABILITIES

(219,738

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(214,330

)

CAPITAL AND RESERVES

Called up share capital

100

Retained earnings

(214,430

)

SHAREHOLDERS' FUNDS

(214,330

)

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

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 22 October 2019 and were signed on its behalf by:

J K Howell - Director

R Hemingway - Director

D Gilbert - Director

1.	STATUTORY INFORMATION

Cartrefi Croeso Cyfyngedig is a private company, limited by shares , registered in 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.

Tangible fixed assets

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

Computer equipment

-

Straight line over 4 years

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling

costs in bringing stocks to their present location and condition.

Taxation

Taxation for the period 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at

the statement of financial position 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 period 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 period was 4 .

4.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

Additions

7,211

At 31 March 2019

7,211

DEPRECIATION

Charge for period

1,803

At 31 March 2019

1,803

NET BOOK VALUE

At 31 March 2019

5,408

5.

STOCKS

£

Work-in-progress

119,878

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Trade creditors

1,667

Amounts owed to group undertakings

335,549

Other creditors

2,400

339,616

7.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Alun Evans (Senior Statutory Auditor)

for and on behalf of Bevan Buckland LLP