Lloyd Evans & Hughes Cyf - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 12941248 (England and Wales)

Unaudited Financial Statements for the Year Ended 28 February 2023

for

Lloyd Evans & Hughes Cyf

Page

Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Tangible assets

4

5,290

5,172

CURRENT ASSETS

Debtors

5

19,719

18,615

Investments

6

200

200

Cash at bank

183,151

133,656

203,070

152,471

CREDITORS

Amounts falling due within one year

7

76,379

59,766

NET CURRENT ASSETS

126,691

92,705

TOTAL ASSETS LESS CURRENT LIABILITIES

131,981

97,877

PROVISIONS FOR LIABILITIES

8

1,005

983

NET ASSETS

130,976

96,894

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

130,974

96,892

SHAREHOLDERS' FUNDS

130,976

96,894

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2023 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 August 2023 and were signed on its behalf by:

S P Hughes - Director

Mrs S L Evans - Director

1.	STATUTORY INFORMATION

Lloyd Evans & Hughes Cyf is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

12941248

Registered office:

20 Heol Y Dwr

Penygroes

Caernarfon

Gwynedd

LL54 6LR

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.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Deferred tax

Deferred tax is recognised in respect of all timing differences 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 periods 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 probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 March 2022

7,032

Additions

1,881

At 28 February 2023

8,913

DEPRECIATION

At 1 March 2022

1,860

Charge for year

1,763

At 28 February 2023

3,623

NET BOOK VALUE

At 28 February 2023

5,290

At 28 February 2022

5,172

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.23

28.2.22

£

£

Trade debtors

17,649

17,797

Other debtors

2,070

818

19,719

18,615

6.	CURRENT ASSET INVESTMENTS

28.2.23

28.2.22

£

£

Unlisted investments

200

200

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.23

28.2.22

£

£

Taxation and social security

37,220

33,842

Other creditors

39,159

25,924

76,379

59,766

8.	PROVISIONS FOR LIABILITIES

28.2.23

28.2.22

£

£

Deferred tax

1,005

983

Deferred

tax

£

Balance at 1 March 2022

Prior year adjustment

983

As restated

983

Charge to Statement of Income and Retained Earnings during year

22

Balance at 28 February 2023

1,005