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 2024
CYLCH MEITHRIN SEREN FACH LIMITED A COMPANY LIMITED BY GUARANTEE (REGISTERED NUMBER: 09409020)
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
| 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 2024
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 Mrs N Richards (appointed 08.06.23) Mrs L Young (appointed 08.06.23)
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 2024
The directors present their report with the financial statements of the company for the year ended 31 March 2024.
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
Other changes in directors holding office are;
Mrs N Richards (appointed 08.06.23) Mrs L Young (appointed 08.06.23)
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 2024
| 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 |
2024 £ 618,978 536,556 82,422 55,804 26,618 94,750 121,368 (30,342) 91,026 |
2023 £ 476,092 447,800 28,292 57,221 (28,929) 104,551 75,622 (14,368) 61,254 |
|---|---|---|
CYLCH MEITHRIN SEREN FACH LIMITED A COMPANY LIMITED BY GUARANTEE (REGISTERED NUMBER: 09409020)
BALANCE SHEET 31 March 2024
| Note FIXED ASSETS 5 Tangible Assets 4 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 |
2024 £ 54,066 823 332,022 332,845 30,735 356,176 356,176 |
2023 £ 1,462 286,957 - |
|---|---|---|
| 1,462 286,957 288,419 23,269 265,150 265,150 |
The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.
The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2024 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 2024
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 27 (2023 – 23).
CYLCH MEITHRIN SEREN FACH LIMITED A COMPANY LIMITED BY GUARANTEE (REGISTERED NUMBER: 09409020)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
4. TANGIBLE FIXED ASSETS
| Cost At 1 April 2023 Additions At 31 March 2024 Depreciation At 1 April 2023 Charge for the year At 31 March 2024 Net Book Value At 31 March 2024 |
Property £ - 54,066 54,066 - - - 54,066 |
Total £ - 54,066 54,066 - - - 54,066 |
|
|---|---|---|---|
5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| Trade debtors Other Debtors CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Creditors Corporation Tax Other Taxes and Social Security |
2024 £ 823 - 823 2024 £ 2,521 30,021 (1,807) 30,735 |
2023 £ 1,062 400 1,462 2023 £ 2,222 18,355 2,692 23,269 |
|---|---|---|
6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
7. ULTIMATE CONTROLLING PARTY
There is no ultimate controlling party.
8. 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 2024
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 2024, 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 2024
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 |
2024 £ 618,978 473,422 7,460 55,674 536,556 19,702 1,410 19,733 714 1,638 2,126 295 601 1,706 4,656 757 83 2,220 163 - 55,804 76,855 1,004 7,550 5,542 3,799 94,750 121,368 |
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 |