Cadwyn Clwyd Cyfyngedig Filleted accounts for Companies House (small and micro)

CADWYN CLWYD CYFYNGEDIG - Company Information

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COMPANY REGISTRATION NUMBER: 4298154

Cadwyn Clwyd Cyfyngedig

Company Limited by Guarantee

Filleted Unaudited Financial Statements

31 March 2022

Cadwyn Clwyd Cyfyngedig

Company Limited by Guarantee

Statement of Financial Position

31 March 2022

	2022		2021
Note	£	£	£

Fixed assets

Tangible assets	5		492	656

Current assets

Debtors	6	223,984	125,625
Cash at bank and in hand		1,416,314	1,428,595
		------------	------------
		1,640,298	1,554,220

Creditors: amounts falling due within one year	7	15,529		8,920
		------------		------------
Net current assets			1,624,769	1,545,300
			------------	------------
Total assets less current liabilities			1,625,261	1,545,956

Creditors: amounts falling due after more than one year	8	1,450,364	1,383,277
		------------	------------
Net assets		174,897	162,679
		------------	------------

Capital and reserves

Profit and loss account	174,897	162,679
	---------	---------
Members funds	174,897	162,679
	---------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 31 March 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Cadwyn Clwyd Cyfyngedig

Company Limited by Guarantee

Statement of Financial Position (continued)

31 March 2022

These financial statements were approved by the board of directors and authorised for issue on 9 November 2022 , and are signed on behalf of the board by:

Mr A. M. Jedwell
Chairman

Company registration number: 4298154

Cadwyn Clwyd Cyfyngedig

Company Limited by Guarantee

Notes to the Financial Statements

Year ended 31 March 2022

1. General information

The company is a private company limited by guarantee, registered in England and Wales. The address of the registered office is Llys Owain, Bridge Street, Corwen, Denbighshire, LL21 0AH.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

The turnover shown in the income and expenditure account represents amounts invoiced during the year.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on bank interest received for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Display Equipment	-	Fully depreciated
Equipment	-	Fully depreciated
Computer/Office Equipment	-	25% reducing balance

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

4. Company limited by guarantee

Cadwyn Clwyd Cyfyngedig is a non-profit making agency, being a company limited by guarantee. The liability of its members' is limited to £1 each.

The company keeps a register of members at its registered office and has been satisfactorily Maintained throughout the current and previous year. An extract has been reproduced below of the overall membership movements:-

Members brought forward 5

New members appointed 1

Members resigned 0

Members carried forward 6

The list of members carried forward as at 31.03.2021 is as follows:-

Mr D. W. T. Darlington

Mr A.M. Jedwell

Dr N. Jones

Cllr. J. H. Jones

Mr D. G. Evans

Mr J. B. Morgan

5. Tangible assets

	Plant and machinery	Fixtures and fittings	Equipment	Total
	£	£	£	£
Cost
At 1 April 2021 and 31 March 2022	1,815	2,480	34,699	38,994
	-------	-------	--------	--------
Depreciation
At 1 April 2021	1,815	2,480	34,043	38,338
Charge for the year	–	–	164	164
	-------	-------	--------	--------
At 31 March 2022	1,815	2,480	34,207	38,502
	-------	-------	--------	--------
Carrying amount
At 31 March 2022	–	–	492	492
	-------	-------	--------	--------
At 31 March 2021	–	–	656	656
	-------	-------	--------	--------

6. Debtors

	2022	2021
	£	£
Trade debtors	86,134	–
Other debtors	137,850	125,625
	---------	---------
	223,984	125,625
	---------	---------

7. Creditors: amounts falling due within one year

	2022	2021
	£	£
Corporation tax	81	96
Other creditors	15,448	8,824
	--------	-------
	15,529	8,920
	--------	-------

8. Creditors: amounts falling due after more than one year

	2022	2021
	£	£
Other creditors	1,450,364	1,383,277
	------------	------------

9. Related party transactions

No transactions with related parties were undertaken such as are required to be disclosed under Financial Reporting Standard 8.