Gwynt Y Ddraig Cider Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 05159926 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 June 2020

for

Gwynt Y Ddraig Cider Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

A Gronow

L H Casling

I Evans

REGISTERED OFFICE:

Llest Farm

Llantwit Fadre

Pontypridd

Rhondda Cynon Taff

CF38 2PW

REGISTERED NUMBER:

05159926 (England and Wales)

ACCOUNTANTS:

Austin Accountancy Services Ltd

15 Manor Park

Ham Lane

Llantwit Major

Vale of Glamorgan

CF61 1RS

FIXED ASSETS

Tangible assets

4

336,622

140,792

CURRENT ASSETS

Stocks

144,777

167,053

Debtors

5

211,238

468,238

Cash at bank and in hand

483,779

297,825

839,794

933,116

CREDITORS

Amounts falling due within one year

6

317,558

317,074

NET CURRENT ASSETS

522,236

616,042

TOTAL ASSETS LESS CURRENT LIABILITIES

858,858

756,834

CREDITORS

Amounts falling due after more than one year

7

74,345

15,907

NET ASSETS

784,513

740,927

CAPITAL AND RESERVES

Called up share capital

200

200

Retained earnings

784,313

740,727

SHAREHOLDERS' FUNDS

784,513

740,927

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2020 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.

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 and authorised for issue on 16 April 2021 and were signed on its behalf by:

A Gronow - Director

1.	STATUTORY INFORMATION

Gwynt Y Ddraig Cider Ltd 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.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2019 - 12 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 July 2019

591,177

Additions

365,320

Disposals

(54,000

)

At 30 June 2020

902,497

DEPRECIATION

At 1 July 2019

450,385

Charge for year

125,490

Eliminated on disposal

(10,000

)

At 30 June 2020

565,875

NET BOOK VALUE

At 30 June 2020

336,622

At 30 June 2019

140,792

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.20

30.6.19

£

£

Trade debtors

171,392

413,096

Other debtors

39,846

55,142

211,238

468,238

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.20

30.6.19

£

£

Hire purchase contracts

43,054

12,517

Trade creditors

104,427

153,904

Taxation and social security

93,704

96,565

Other creditors

76,373

54,088

317,558

317,074

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.6.20

30.6.19

£

£

Bank loans

15,963

15,907

Hire purchase contracts

58,382

-

74,345

15,907