Hughes Blaendyffryn Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 04630439 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2021

for

Hughes Blaendyffryn Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

W D E Hughes

D M Hughes

SECRETARY:

Mrs E M Hughes

REGISTERED OFFICE:

The Old School

The Quay

Carmarthen

Carmarthenshire

SA31 3JP

REGISTERED NUMBER:

04630439 (England and Wales)

FIXED ASSETS

Intangible assets

4

325

325

Tangible assets

5

264,860

271,791

265,185

272,116

CURRENT ASSETS

Stocks

126,845

124,215

Debtors

6

42,103

24,916

Investments

7

65,845

53,450

Cash at bank

260,215

218,684

495,008

421,265

CREDITORS

Amounts falling due within one year

8

33,888

45,924

NET CURRENT ASSETS

461,120

375,341

TOTAL ASSETS LESS CURRENT LIABILITIES

726,305

647,457

PROVISIONS FOR LIABILITIES

36,152

33,971

NET ASSETS

690,153

613,486

CAPITAL AND RESERVES

Called up share capital

301

301

Retained earnings

689,852

613,185

SHAREHOLDERS' FUNDS

690,153

613,486

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 2 November 2021 and were signed on its behalf by:

W D E Hughes - Director

1.	STATUTORY INFORMATION

Hughes Blaendyffryn Limited 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.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

SFP Entitlements are being amortised evenly over their estimated useful life of nil years.

Tangible fixed assets

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

Plant and machinery etc

-

20% on reducing balance

Stocks

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

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2020 - 6 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 April 2020

and 31 March 2021

325

NET BOOK VALUE

At 31 March 2021

325

At 31 March 2020

325

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2020

510,249

Additions

38,972

Disposals

(10,199

)

At 31 March 2021

539,022

DEPRECIATION

At 1 April 2020

238,458

Charge for year

41,058

Eliminated on disposal

(5,354

)

At 31 March 2021

274,162

NET BOOK VALUE

At 31 March 2021

264,860

At 31 March 2020

271,791

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.21

31.3.20

£

£

Trade debtors

22,773

19,640

Other debtors

19,330

5,276

42,103

24,916

7.	CURRENT ASSET INVESTMENTS

31.3.21

31.3.20

£

£

Listed investments

61,945

49,550

First milk retention

3,900

3,900

65,845

53,450

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.21

31.3.20

£

£

Trade creditors

12,590

24,987

Taxation and social security

21,274

20,235

Other creditors

24

702

33,888

45,924

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2021 and 31 March 2020:

31.3.21

31.3.20

£

£

W D E Hughes

Balance outstanding at start of year

(702

)

(30,379

)

Amounts advanced

57,303

125,743

Amounts repaid

(56,625

)

(96,066

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(24

)

(702

)

10.	ULTIMATE CONTROLLING PARTY

The controlling party is W D E Hughes.