Cynnig Glyndwr Cyf - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 02932124 (England and Wales)

Cynnig Glyndwr Cyf

Unaudited Financial Statements

for the Year Ended 31 March 2018

Page

Company Information

1

Balance Sheet

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

2,116

2,490

Investments

5

40,000

40,000

42,116

42,490

CURRENT ASSETS

Debtors

6

40,882

27,410

Cash at bank and in hand

92,539

125,014

133,421

152,424

CREDITORS

Amounts falling due within one year

7

46,834

69,001

NET CURRENT ASSETS

86,587

83,423

TOTAL ASSETS LESS CURRENT LIABILITIES

128,703

125,913

PROVISIONS FOR LIABILITIES

8

385

-

NET ASSETS

128,318

125,913

RESERVES

Income and expenditure account

128,318

125,913

128,318

125,913

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2018 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors on 14 August 2018 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.

Plant and machinery etc

-

15% on reducing balance

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 balance sheet date.

Deferred tax

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

sheet 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 28 (2017 - 26 ) .

4.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1 April 2017

and 31 March 2018

9,221

DEPRECIATION

At 1 April 2017

6,731

Charge for year

374

At 31 March 2018

7,105

NET BOOK VALUE

At 31 March 2018

2,116

At 31 March 2017

2,490

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 April 2017

and 31 March 2018

40,000

NET BOOK VALUE

At 31 March 2018

40,000

At 31 March 2017

40,000

Market value at 5th April 2018 £61,623, 2017 £60,591.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade debtors

39,962

26,508

Other debtors

920

902

40,882

27,410

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade creditors

27,660

29,925

Taxation and social security

738

569

Other creditors

18,436

38,507

46,834

69,001

8.	PROVISIONS FOR LIABILITIES

2018

2017

£

£

Deferred tax

385

-

Deferred

tax

£

Provided during year

385

Balance at 31 March 2018

385