**Company Registration No. 09409020 (England and Wales)**
**CYLCH MEITHRIN SEREN FACH LIMITED**
**A COMPANY LIMITED BY GUARANTEE**
**REPORT OF THE DIRECTORS AND UNAUDITED FINANCIAL STATEMENTS**
**FOR THE YEAR ENDED**
**31 MARCH 2023**
**CYLCH MEITHRIN SEREN FACH LIMITED A COMPANY LIMITED BY GUARANTEE (REGISTERED NUMBER: 09409020)**
## **CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023**
|**Company information**|**1**|
|---|---|
|**Report of the Directors**|**2**|
|**Income Statement**|**3**|
|**Balance sheet**|**4**|
|**Notes to the financial statements**|**5**|
|**Independent accountants report**|**7**|
|**Profit and loss account**|**8**|
**CYLCH MEITHRIN SEREN FACH LIMITED A COMPANY LIMITED BY GUARANTEE (REGISTERED NUMBER: 09409020)**
## **COMPANY INFORMATION FOR THE YEAR ENDED 31 MARCH 2023**
## **DIRECTORS**
Mrs K L Davies Mrs C Jones Mrs C L Overd Mrs E Young Mrs C A Hanlon Mrs C M Lewis Mrs D Llewellyn
## **REGISTERED OFFICE**
Ty Harri Webb Duffryn Road Mountain Ash Rhondda Cynon Taf CF45 4DA
## **REGISTERED NUMBER**
09409020 (England and Wales)
## **ACCOUNTANTS**
Mosaic Business Consultants Limited 14 Church Avenue Llwydcoed Aberdare Rhondda Cynon Taf CF44 0UR
**CYLCH MEITHRIN SEREN FACH LIMITED A COMPANY LIMITED BY GUARANTEE (REGISTERED NUMBER: 09409020)**
## **REPORT OF THE DIRECTORS**
## **FOR THE YEAR ENDED 31 MARCH 2023**
The directors present their report with the financial statements of the company for the year ended 31 March 2023.
## **PRINCIPLE ACTIVITY**
The principle activity of the company in the period under review was that of pre – primary education.
## **DIRECTORS**
The directors who have held office during the year are as follows:
Mrs K L Davies Mrs C Jones Mrs C L Overd Mrs E Young Mrs C A Hanlon Mrs C M Lewis Mrs D Llewellyn
This report has been prepared in accordance with the special provision of Part 15 of the Companies Act 2006 relating to small companies.
## **On behalf of the Board**
………………………………...… Mrs E Young - Director
Date ……………………………..
**CYLCH MEITHRIN SEREN FACH LIMITED A COMPANY LIMITED BY GUARANTEE (REGISTERED NUMBER: 09409020)**
## **INCOME STATEMENT FOR THE YEAR ENDED 31 MARCH 2023**
|**TURNOVER**
Cost of sales
**GROSS SURPLUS**
Administrative expenses
Other operating income
**OPERATING SURPLUS and SURPLUS**
**ON ORDINARY ACTIVITIES BEFORE**
**TAXATION**
Tax on surplus on ordinary activities
**SURPLUS FOR THE FINANCIAL YEAR**|**2023**
**£**
476,092
447,800
28,292
57,221
(28,929)
104,551
75,622
(14,368)
61,254|**2022**
**£**
333,063
317,394
15,669
47,219
(31,550)
53,340
21,790
(4,140)
17,650|
|---|---|---|
**CYLCH MEITHRIN SEREN FACH LIMITED A COMPANY LIMITED BY GUARANTEE (REGISTERED NUMBER: 09409020)**
## **BALANCE SHEET 31 March 2023**
|**Note**
**CURRENT ASSETS**
Debtors
5
Cash at bank and in hand
**CREDITORS: amounts falling due**
**within one year**
6
**NET ASSETS**
**RESERVES**
Income and expenditure account|**2023**
**£**
1,462
286,957
288,419
23,269
265,150
265,150|**2022**
**£**
2,185
233,598|
|---|---|---|
|||235,783
31,887|
|||203,896|
|||203,896|
The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.
The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for:
- (a) ensuring that the company keeps accounting records that comply with 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 the 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 that Companies Act 2006 relating to financial statements, so far as applicable to the company.
The financial statements 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 ………………. and were signed on its behalf
…………………………………………..
Mrs E Young - Director
**CYLCH MEITHRIN SEREN FACH LIMITED A COMPANY LIMITED BY GUARANTEE (REGISTERED NUMBER: 09409020)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023**
## **1. STATUTORY INFORMATION**
Cylch Meithrin Seren Fach Limited 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.
The presentation currency is sterling.
## **Turnover**
Turnover is measured at the fair value of the consideration received and receivable, excluding discounts, rebates, value added tax and other sales taxes.
## **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.
## **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 the profit and loss in the period to which they relate.
## **Going Concern**
The financial statements are prepared on a going concern basis, which assumes that continuing support of the company’s directors. Should the company be unable to continue trading, adjustments would have to be made to reduce the value of the assets to their recoverable amounts and to provide for any further liabilities which might arise.
## **3. EMPLOYEES AND DIRECTORS**
The average number of employees during the year was 23 (2022 – 17).
**CYLCH MEITHRIN SEREN FACH LIMITED A COMPANY LIMITED BY GUARANTEE (REGISTERED NUMBER: 09409020)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023**
## **4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
|Trade debtors
Other Debtors
**5.**
**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Creditors
Corporation Tax
Other Taxes and Social Security
Accruals
Other creditors|**2023**
**£**
1,062
400
1,462
**2023**
**£**
2,222
18,355
2,692
-
-
23,269|**2022**
**£**
2,185
-
2,185
**2022**
**£**
1,838
3,987
7,837
18,225
-
31,887|
|---|---|---|
## **6. ULTIMATE CONTROLLING PARTY**
There is no ultimate controlling party.
## **7. LIMITED BY GUARENTEE**
The company is limited by guarantee and, as such, has no shareholders and no share capital. All members if the company have guaranteed to contribute, in the event if winding-up, and amount not exceeding £1 each.
**CYLCH MEITHRIN SEREN FACH LIMITED A COMPANY LIMITED BY GUARANTEE (REGISTERED NUMBER: 09409020)**
**NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023**
## **INDEPENDENT ACCOUNTANTS REPORT ON THE UNAUDITED ACCOUNTS OF THE DIRECTORS OF CYLCH MEITHRIN SEREN FACH LIMITED A COMPANY LIMITED BY GUARANTEE**
As described on the balance sheet, you are responsible for the preparation of the accounts for the year ended 31 March 2023, set out on pages 3 to 7, and you consider that the company is exempt from an audit. In accordance with your instructions, we have complied these unaudited accounts in order to assist you fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.
Mosaic Business Consultants Limited 14 Church Avenue Llwydcoed Aberdare Mid Glamorgan CF44 0UR
Date ……………………………………..
**CYLCH MEITHRIN SEREN FACH LIMITED A COMPANY LIMITED BY GUARANTEE (REGISTERED NUMBER: 09409020)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023**
## **PROFIT AND LOSS ACCOUNT**
|**Turnover**
Fees
**Cost of Sales**
Staff costs
Pension
Material and small equipment costs
**Expenditure**
Rent
Water rates
Light and heat
Insurance
Telephone
Cleaning
Advertising and promotion
Printing Postage and Stationery
Legal and professional
Repairs and renewals
Training
Fund raising costs
Accountancy
Bank Charges
Sundry expenses
**Other Income**
Grants received
Fundraising receipts
Room Rental
Sundry Income
Bank interest received
**Net Surplus**||**2023**
**£**
476,092
378,684
5,863
63,253
447,800
16,265
1,981
2,277
671
403
1,055
70
498
6,477
19,045
3,248
3,222
1,860
149
-
57,221
66,147
2,195
8,053
27,350
806
104,551
75,622||**2022**
**£**
333,063|
|---|---|---|---|---|
|||||280,856
7,462
29,076|
|||||317,394|
|||||13,608
144
7,047
-
642
1,837
420
373
204
18,322
1,219
206
3,093
104
-|
|||||47,219|
|||||48,409
1,221
-
3,696
14|
|||||53,340|
|||||21,790|