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 2021

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

336,617

336,622

CURRENT ASSETS

Stocks

138,532

144,777

Debtors

5

363,457

211,238

Cash at bank and in hand

516,428

483,779

1,018,417

839,794

CREDITORS

Amounts falling due within one year

6

375,421

317,558

NET CURRENT ASSETS

642,996

522,236

TOTAL ASSETS LESS CURRENT LIABILITIES

979,613

858,858

CREDITORS

Amounts falling due after more than one year

7

74,297

74,345

NET ASSETS

905,316

784,513

CAPITAL AND RESERVES

Called up share capital

200

200

Retained earnings

905,116

784,313

SHAREHOLDERS' FUNDS

905,316

784,513

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2021 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 12 October 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 (2020 - 12 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 July 2020

902,497

Additions

118,875

At 30 June 2021

1,021,372

DEPRECIATION

At 1 July 2020

565,875

Charge for year

118,880

At 30 June 2021

684,755

NET BOOK VALUE

At 30 June 2021

336,617

At 30 June 2020

336,622

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.21

30.6.20

£

£

Trade debtors

319,533

171,392

Other debtors

43,924

39,846

363,457

211,238

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.21

30.6.20

£

£

Bank loans and overdrafts

8,917

-

Hire purchase contracts

50,254

43,054

Trade creditors

141,074

104,427

Taxation and social security

103,735

93,704

Other creditors

71,441

76,373

375,421

317,558

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.6.21

30.6.20

£

£

Bank loans

50,000

15,963

Hire purchase contracts

24,297

58,382

74,297

74,345