Filleted
Registration number: 08322665
Cylch Meithrin Trefeurig
(A company limited by guarantee)
Annual Report and Unaudited Financial Statements
for the Year Ended 31 March 2024
Cylch Meithrin Trefeurig
Contents
| Company Information | 1 |
|---|---|
| Balance Sheet | 2 |
| Notes to the Financial Statements | 3 to 6 |
Cylch Meithrin Trefeurig
Company Information
Directors Mr L G Evans R S James S Gibson N E Lockyer Company secretary Mr L G Evans Registered office C/O Ysgol Penrhyncoch Aberystwyth Ceredigion SY23 3EH
Page 1
Cylch Meithrin Trefeurig
(Registration number: 08322665) Balance Sheet as at 31 March 2024
| Note Fixed assets Tangible assets 5 Current assets Debtors 6 Cash at bank and in hand Creditors: Amounts falling due within one year 7 Net current assets Net assets Capital and reserves Profit and loss account Total equity |
2024 £ 63,526 12,256 16,118 28,374 (15,905) 12,469 75,995 75,995 75,995 |
2023 £ 53,499 18,289 52,000 |
|---|---|---|
| 70,289 (14,732) |
||
| 55,557 | ||
| 109,056 | ||
| 109,056 | ||
| 109,056 |
For the financial year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.
Approved and authorised by the Board on 28 March 2025 and signed on its behalf by:
......................................... Mr L G Evans Company secretary and director
The notes on pages 3 to 6 form an integral part of these financial statements. Page 2
Cylch Meithrin Trefeurig
Notes to the Financial Statements for the Year Ended 31 March 2024
1 General information
The company is a company limited by guarantee, incorporated in England and Wales, and consequently does not have share capital. Each of the members is liable to contribute an amount not exceeding £Nil towards the assets of the company in the event of liquidation.
The address of its registered office is: C/O Ysgol Penrhyncoch Aberystwyth Ceredigion SY23 3EH
These financial statements were authorised for issue by the Board on 28 March 2025.
2 Accounting policies
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
Going concern
The financial statements have been prepared on a going concern basis.
Revenue recognition
Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when: The amount of revenue can be reliably measured; it is probable that future economic benefits will flow to the entity; and specific criteria have been met for each of the company's activities.
Page 3
Cylch Meithrin Trefeurig
Notes to the Financial Statements for the Year Ended 31 March 2024
Foreign currency transactions and balances
Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.
Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.
Tangible assets
Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
Debtors
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.
Creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.
Defined contribution pension obligation
A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.
Page 4
Cylch Meithrin Trefeurig
Notes to the Financial Statements for the Year Ended 31 March 2024
3 Staff numbers
The average number of persons employed by the company (including directors) during the year, was 9 (2023 - 8).
4 Loss/profit before tax
Arrived at after charging/(crediting)
Depreciation expense
2024 2023 £ £ 424 270
Page 5
Cylch Meithrin Trefeurig
Notes to the Financial Statements for the Year Ended 31 March 2024
5 Tangible assets
| Cost or valuation At 1 April 2023 Additions At 31 March 2024 Depreciation Carrying amount At 31 March 2024 At 31 March 2023 6 Debtors Trade debtors Other debtors 7 Creditors Creditors: amounts falling due within one year |
Plant and machinery £ 53,499 10,027 |
Total £ 53,499 10,027 63,526 63,526 53,499 2023 £ 18,294 (5) |
||
|---|---|---|---|---|
| 63,526 | ||||
| 63,526 | ||||
| 53,499 | ||||
| 2024 £ 12,357 (101) 12,256 |
||||
| 18,289 | ||||
| Note Due within one year Trade creditors Taxation and social security Other creditors |
2024 £ 917 13,046 1,942 15,905 |
2023 £ 1,650 12,242 840 |
||
| 14,732 |
| 2024 | 2023 | ||
|---|---|---|---|
| Note | £ | £ | |
| Due within one year | |||
| Trade creditors | 917 | 1,650 | |
| Taxation and social security | 13,046 | 12,242 | |
| Other creditors | 1,942 | 840 | |
| 15,905 | 14,732 |
Page 6
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Signature 1
Signed by Llywelyn Evans using authentication code ZVY8KGdyOHBrQ2hk at IP address 31.94.0.91, on 2025/04/07 13:02:47 Z.
Llywelyn Evans's e-mail address is: llywelyn@evannance.co.uk.