Y Dref Werdd - Abbreviated accounts 16.3

Y Dref Werdd - Abbreviated accounts 16.3

Y DREF WERDD - Company Information

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REGISTERED NUMBER: 08565229 (England and Wales)















Abbreviated Unaudited Accounts for the Year Ended 30 June 2016

for

Y Dref Werdd

Y Dref Werdd (Registered number: 08565229)






Contents of the Abbreviated Accounts
for the Year Ended 30 June 2016




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 4

Chartered Accountants' Report 5

Y Dref Werdd

Company Information
for the Year Ended 30 June 2016







DIRECTORS: Mr I C Cunnington
Mr P R Francis
Mrs L Jones
Mr P Williams
Mrs A Daniels
Mr A M Roberts
Dr K E Davies





SECRETARY: Mr D W Jones





REGISTERED OFFICE: Llys Gwilym
Llan Ffestiniog
Blaenau Ffestiniog
Gwynedd
LL41 4NY





REGISTERED NUMBER: 08565229 (England and Wales)





ACCOUNTANTS: Dunn & Ellis Cyf
Chartered Accountants
Adeilad St David's Building
Stryd Lombard Street
Porthmadog
Gwynedd
LL49 9AP
Page 1
Y Dref Werdd (Registered number: 08565229)

Abbreviated Balance Sheet
30 June 2016

30.6.16 30.6.15
as restated
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 2 2,648 3,309

CURRENT ASSETS
Debtors 2,250 -
Cash at bank and in hand 31,713 19,475
33,963 19,475
CREDITORS
Amounts falling due within one year 33,580 17,397
NET CURRENT ASSETS 383 2,078
TOTAL ASSETS LESS CURRENT
LIABILITIES
3,031
5,387

PROVISIONS FOR LIABILITIES 382 481
NET ASSETS 2,649 4,906

RESERVES
Communities first reserve 2,816 4,400
Income and expenditure account (167 ) 506
2,649 4,906

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2016 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 notes form part of these abbreviated accounts

Page 2 continued...
Y Dref Werdd (Registered number: 08565229)

Abbreviated Balance Sheet - continued
30 June 2016


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 30 March 2017 and were signed on its behalf by:




Mr P R Francis - Director



Mrs A Daniels - Director


The notes form part of these abbreviated accounts

Page 3
Y Dref Werdd (Registered number: 08565229)

Notes to the Abbreviated Accounts
for the Year Ended 30 June 2016

1. ACCOUNTING POLICIES

Basis of preparing the financial statements
The directors have considered the basis for the preparation of the financial statements and consider the going
concern basis to be the most suitable.

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).

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

Fixed assets are stated at their cost prices, less accumulated depreciation and less amounts recognised in respect
of impairment.

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

Grant income
In accordance with relevant accounting standards, all grants will upon the meeting of the eligibility conditions be
treated in line with generally accepted accounting principles. That is:

Revenue grants will be recognised in the income and expenditure account so as to match them with the
expenditure towards which they are intended to contribute. With any surplus being deferred so as to match future
expenditure.

Capital grants will be treated as deferred income, which is subsequently credited to the income and expenditure
account by instalments over the expected useful economic life of the related asset on a basis consistent with the
depreciation policy of said asset.

2. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 July 2015
and 30 June 2016 5,077
DEPRECIATION
At 1 July 2015 1,768
Charge for year 661
At 30 June 2016 2,429
NET BOOK VALUE
At 30 June 2016 2,648
At 30 June 2015 3,309

Page 4
Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Y Dref Werdd

The following reproduces the text of the report prepared for the directors in respect of the company's annual
unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages two to four)
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 Dref Werdd for the year ended 30 June 2016 which comprise the Income and Expenditure
Account, the Balance Sheet, the Statement of Total Recognised Gains and Losses 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 within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Y Dref Werdd, 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 Dref Werdd and state those matters that we have agreed to state to the Board of Directors of Y Dref Werdd, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Y Dref Werdd Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Y Dref Werdd 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 loss of Y Dref Werdd. You consider that Y Dref Werdd 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 Dref Werdd. 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.






Dunn & Ellis Cyf
Chartered Accountants
Adeilad St David's Building
Stryd Lombard Street
Porthmadog
Gwynedd
LL49 9AP


30 March 2017

This page does not form part of the abbreviated accounts

Page 5