Ty Felin Cyf - Abbreviated accounts 16.1

REGISTERED NUMBER: 07717355 (Wales)

Abbreviated Unaudited Accounts for the Year Ended 31st March 2016

for

Ty Felin Cyf

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

Mrs M W Jones

REGISTERED OFFICE:

Adeilad St David's Building Stryd

Lombard Street

Porthmadog

Gwynedd

LL49 9AP

REGISTERED NUMBER:

07717355 (Wales)

ACCOUNTANTS:

Dunn & Ellis Cyf

Chartered Accountants

Adeilad St David's Building

Stryd Lombard Street

Porthmadog

Gwynedd

LL49 9AP

FIXED ASSETS

Tangible assets

2

83,308

87,690

CURRENT ASSETS

Debtors

832

332

Cash at bank

1,164

4,018

1,996

4,350

CREDITORS

Amounts falling due within one year

18,103

16,832

NET CURRENT LIABILITIES

(16,107

)

(12,482

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

67,201

75,208

CAPITAL AND RESERVES

Called up share capital

3

100

Profit and loss account

67,101

75,108

SHAREHOLDERS' FUNDS

67,201

75,208

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2016 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 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 director on 16th December 2016 and were signed by:

Mrs M W Jones - Director

1.	ACCOUNTING POLICIES

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 January 2015).

Turnover

Turnover represents net invoiced sales of services, excluding value added tax.

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

Deferred tax

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

sheet date.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1st April 2015

and 31st March 2016

102,063

DEPRECIATION

At 1st April 2015

14,373

Charge for year

4,382

At 31st March 2016

18,755

NET BOOK VALUE

At 31st March 2016

83,308

At 31st March 2015

87,690

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.16

31.3.15

value:

£

100

Ordinary

£1

100