Plas Llanelly House Cyf - Limited company - abbreviated - 11.9

REGISTERED NUMBER: 08626825 (Wales)

Abbreviated Unaudited Accounts

for the Year Ended 31st March 2015

for

Plas Llanelly House Cyf

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

Mrs A J Evans

R G Pugh

Mrs S Roberts

SECRETARY:

Mrs C Deacon

REGISTERED OFFICE:

Llanelly House

Bridge Street

Llanelli

Carmarthenshire

SA15 3UF

REGISTERED NUMBER:

08626825 (Wales)

ACCOUNTANTS:

Ashmole & Co

Chartered Certified Accountants

Castle House

High Street

Ammanford

Carmarthenshire

SA18 2NB

FIXED ASSETS

Tangible assets

2

12,232

16,310

CURRENT ASSETS

Stocks

6,425

2,948

Debtors

17,614

2,046

Cash at bank and in hand

38

15,589

24,077

20,583

CREDITORS

Amounts falling due within one year

81,364

50,316

NET CURRENT LIABILITIES

(57,287

)

(29,733

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(45,055

)

(13,423

)

RESERVES

Income and expenditure account

(45,055

)

(13,423

)

(45,055

)

(13,423

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2015 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 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 12th November 2015 and were signed on its behalf by:

R G Pugh - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These accounts have been prepared under the going concern basis.

The company is dependent on continued financial support received from the parent company.

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).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax, except in respect of

service contracts where turnover is recognised when the company obtains the right to

consideration.

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

-

25% on reducing balance

Fixtures and fittings

-

25% 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.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed

at the balance sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1st April 2014

and 31st March 2015

21,746

DEPRECIATION

At 1st April 2014

5,436

Charge for year

4,078

At 31st March 2015

9,514

NET BOOK VALUE

At 31st March 2015

12,232

At 31st March 2014

16,310

3.	COMPANY STATUS

The company is a private company limited by guarantee and consequently does not have share

capital. Each of the members is liable to contribute an amount not exceeding £1 towards the assets

of the company in the event of liquidation.

4.	RELATED PARTY TRANSACTIONS

R G Pugh, A Evans and S Roberts are also directors of Cambrian Heritage Regeneration Trust a

charitable company. R G Pugh is also a director of CHRT Ventures Limited

During the year the company made sales to CHRT totalling £26,273. As at 31 March 2015 there was

a trade debtor balance of £17,284 due from CHRTin respect of sales. As at 31 March 2015 there was

an intercompany loan due to CHRT from Plas Llanelly House Cyf totalling £24,059 (2014:£11,469).