Cynnig Glyndwr Cyf - Accounts to registrar - small 17.2

REGISTERED NUMBER: 02932124 (England and Wales)

Cynnig Glyndwr Cyf

Unaudited Financial Statements

for the Year Ended 31 March 2017

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTORS:

Mr N Jones

Ms C M Lewis

Mr M R Mellor

Mrs A P Wilkes

REGISTERED OFFICE:

Units B3, B4, B5

Trem-Y-Dyffryn

Colomendy Industrial Estate

Denbigh

Denbighshire

LL16 5TX

REGISTERED NUMBER:

02932124 (England and Wales)

ACCOUNTANTS:

Gardners Accountants Limited

Chartered Accountants

Brynford House

21 Brynford Street

Holywell

Flintshire

CH8 7RD

FIXED ASSETS

Tangible assets

4

2,490

2,930

Investments

5

40,000

40,000

42,490

42,930

CURRENT ASSETS

Debtors

6

27,410

36,576

Cash at bank and in hand

125,014

99,294

152,424

135,870

CREDITORS

Amounts falling due within one year

7

69,001

65,686

NET CURRENT ASSETS

83,423

70,184

TOTAL ASSETS LESS CURRENT LIABILITIES

125,913

113,114

RESERVES

Income and expenditure account

125,913

113,114

125,913

113,114

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2017 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 21 June 2017 and were signed on its behalf by:

Mr N Jones - Director

1.	STATUTORY INFORMATION

Cynnig Glyndwr Cyf is a private company, limited by guarantee , registered in England and Wales. The company's

registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" 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 Income Statement, 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 statement of financial position date.

Deferred tax

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

of financial position 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 surplus or deficit on a straight line basis over the period of the

lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 26 .

4.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1 April 2016

and 31 March 2017

9,221

DEPRECIATION

At 1 April 2016

6,291

Charge for year

440

At 31 March 2017

6,731

NET BOOK VALUE

At 31 March 2017

2,490

At 31 March 2016

2,930

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 April 2016

and 31 March 2017

40,000

NET BOOK VALUE

At 31 March 2017

40,000

At 31 March 2016

40,000

Market value at 5th April 2017 £60,591, 2016 £53,875.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade debtors

26,508

35,409

Other debtors

902

1,167

27,410

36,576

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade creditors

29,925

34,444

Taxation and social security

569

-

Other creditors

38,507

31,242

69,001

65,686