Company Registration No. 02892216 (England and Wales)
Testun Cyfyngedig
Unaudited accounts
for the year ended 30 June 2019
Testun Cyfyngedig
Unaudited accounts
Contents
Testun Cyfyngedig
Company Information
for the year ended 30 June 2019
Directors
Lowri Wyn Edwards
Geinor Sian Lloyd Jones
Hywel Martin Pennar
Secretary
Geinor Sian Lloyd Jones
Company Number
02892216 (England and Wales)
Registered Office
82 Kimberley Road
Penylan
Cardiff
South Glamorgan
CF23 5DN
Accountants
Coed Accounts Limited
Sherborne House
Sherborne Avenue
Cyncoed
Cardiff
CF23 6SA
Testun Cyfyngedig
Statement of financial position
as at 30 June 2019
Tangible assets
18,921
17,778
Cash at bank and in hand
229,723
144,569
Creditors: amounts falling due within one year
(115,097)
(119,713)
Net current assets
379,981
327,966
Total assets less current liabilities
398,902
345,744
Provisions for liabilities
Deferred tax
(2,763)
(2,462)
Net assets
396,139
343,282
Called up share capital
100
100
Profit and loss account
396,039
343,182
Shareholders' funds
396,139
343,282
For the year ending 30 June 2019 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. 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 and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 18 March 2020.
Hywel Martin Pennar
Director
Company Registration No. 02892216
Testun Cyfyngedig
Notes to the Accounts
for the year ended 30 June 2019
Testun Cyfyngedig is a private company, limited by shares, registered in England and Wales, registration number 02892216. The registered office is 82 Kimberley Road , Penylan , Cardiff , South Glamorgan , CF23 5DN.
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Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling, the company's functional currency, and rounded to the nearest pound.
Turnover comprises the invoice value of translation services provided by the company, exclusive of trade discounts and value added tax.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or at valuation, less accumulated depreciation. The charge to depreciation is calculated to write off original cost or valuation of tangible assets, less their estimated residual value, over their expected useful lives as follows:
Fixtures, fittings and equipment - 15-25% reducing balance
The carrying value of tangible assets are reviewed annually for impairment in periods if events or changes in circumstances indicate the carrying value may not be recoverable.
Current and deferred taxation
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 is recognised in respect of all timing difference 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 period 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 possible that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Testun Cyfyngedig
Notes to the Accounts
for the year ended 30 June 2019
The company operated a defined contribution pension scheme for employees. The assets of the scheme are held separately from those of the company. Annual contributions payable to the company pension scheme are charged to the profit and loss account in the period to which they relate.
Non-derivative financial instruments
Basic financial instruments are recognised at amortised cost.
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Tangible fixed assets
Fixtures & fittings
Trade debtors
97,511
136,391
Accrued income and prepayments
24,894
28,769
Other debtors
142,950
137,950
Amounts due after more than one year
142,950
137,950
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Creditors: amounts falling due within one year
2019
2018
Trade creditors
16,707
9,449
Taxes and social security
74,470
70,089
Other creditors
2,967
3,448
Loans from directors
185
185
Testun Cyfyngedig
Notes to the Accounts
for the year ended 30 June 2019
Allotted, called up and fully paid:
90 Ordinary of £1 each
90
90
10 Ordinary B of £1 each
10
10
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Operating lease commitments
2019
2018
At 30 June 2019 the company has commitments under non-cancellable operating leases as follows:
Operating leases expiring:
Within one year
12,000
12,000
Within two to five years
5,000
17,000
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Average number of employees
During the year the average number of employees was 20 (2018: 21).
