Y Faenol Cyf - Dormant company accounts 11.6
Y Faenol Cyf - Dormant company accounts 11.6
| REGISTERED NUMBER: |
| Unaudited Financial Statements for the Year Ended 31 March 2015 |
| for |
| Y Faenol Cyf |
| Y Faenol Cyf (Registered number: 03591856) |
| Contents of the Financial Statements |
| for the Year Ended 31 March 2015 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 3 |
| Chartered Accountants' Report | 4 |
| Y Faenol Cyf |
| Company Information |
| for the Year Ended 31 March 2015 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Y Faenol Cyf (Registered number: 03591856) |
| Balance Sheet |
| 31 March 2015 |
| 31.3.15 | 31.3.14 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 2 |
| CURRENT ASSETS |
| Debtors |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) | ( |
) |
| RESERVES |
| Income and expenditure account | ( |
) | ( |
) |
| ( |
) | ( |
) |
| 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 surplus or deficit 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 were approved by the Board of Directors on by: |
| Y Faenol Cyf (Registered number: 03591856) |
| Notes to the Financial Statements |
| for the Year Ended 31 March 2015 |
| 1. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| The accounts are prepared on the going concern basis. This basis may not be appropriate as at the balance sheet |
| date the company had negative net worth of £90,094 (2013 - £88,431) The position arose during 2005, the first |
| twelve months of an ESF project designed to generate economic activity for the company and restoration |
| building industry in North West Wales. The directors have reviewed the ability of the company to meet its |
| commitments as and when they fall due. They have also reviewed the ability of the company to trade at a surplus |
| in the future. The company traded at a surplus for the year ended 31st March, 2012. Accordingly, the directors |
| are of the opinion that the company will be continue trading profitably and that short term and long term |
| liabilities will be met in full. A major creditor is one of the directors and he has agreed to support the Company |
| for the foreseeable future and on this basis they have concluded that the going concern basis for the preparation |
| of the accounts is appropriate. |
| Accounting convention |
| The financial statements have been prepared under the historical cost convention and in accordance with the |
| Financial Reporting Standard for Smaller Entities (effective April 2008). |
| Tangible fixed assets |
| Plant and machinery etc | - |
| Rental income net of expenses |
| The apportionment of overheads to rental income is made on the basis of the proportion of gross rental income |
| to total income of the company excluding the Local Purchase Initiative. |
| 2. | TANGIBLE FIXED ASSETS |
| Total |
| £ |
| COST |
| At 1 April 2014 |
| and 31 March 2015 |
| DEPRECIATION |
| At 1 April 2014 |
| and 31 March 2015 |
| NET BOOK VALUE |
| At 31 March 2015 |
| At 31 March 2014 |
| Chartered Accountants' Report to the Board of Directors |
| on the Unaudited Financial Statements of |
| Y Faenol Cyf |
| The following reproduces the text of the report prepared for the directors in respect of the company's annual |
| unaudited financial statements, from which these unaudited financial statements (set out on pages two to three) |
| have been prepared. |
| In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the |
| financial statements of Y Faenol Cyf for the year ended 31 March 2015 which comprise the Income and Expenditure |
| Account, the Balance Sheet, and the related notes from the company's accounting records and from information and |
| explanations you have given us. |
| As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook. |
| This report is made solely to the Board of Directors of Y Faenol Cyf, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Y Faenol Cyf and state those matters that we have agreed to state to the Board of Directors of Y Faenol Cyf, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report. |
| It is your duty to ensure that Y Faenol Cyf has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Y Faenol Cyf. You consider that Y Faenol Cyf is exempt from the statutory audit requirement for the year. |
| We have not been instructed to carry out an audit or a review of the financial statements of Y Faenol Cyf. For this |
| reason, we have not verified the accuracy or completeness of the accounting records or information and explanations |
| you have given to us and we do not, therefore, express any opinion on the statutory financial statements. |
| Date: ............................................. |