## **Report of the Director and** **Unaudited Financial Statements for the Year Ended 31 March 2025** **for** **Cylch Meithrin Llangybi** **Cylch Meithrin Llangybi** **Contents of the Financial Statements for the Year Ended 31 March 2025** ||**Page**| |---|---| |**Company Information**|1| |**Report of the Director**|2| |**Income Statement**|3| |**Balance Sheet**|4| |**Notes to the Financial Statements**|5| |**Report of the Accountants**|7| |**Detailed Income and Expenditure Account**|8| **Cylch Meithrin Llangybi** ## **Company Information for the Year Ended 31 March 2025** ## **SECRETARY:** **REGISTERED OFFICE:** Cylch Meithrin Llangybi Tyddyn Felin Ynys Criccieth Gwynedd LL52 0PA **REGISTERED NUMBER:** CE017972 (England and Wales) **ACCOUNTANTS:** W Glynne Owen & Co Limited Chartered Accountants 2 Caradog Villas Glanhwfa Road Llangefni Ynys Mon LL77 7EN Page 1 **Cylch Meithrin Llangybi** ## **Report of the Director for the Year Ended 31 March 2025** The director presents report with the financial statements of the company for the year ended 31 March 2025. ## **INCORPORATION** The company was incorporated on 1 April 2019 and commenced trading on the same date. ## **DIRECTOR** The director, being eligible, offers for election at the forthcoming first Annual General Meeting. This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies. ## **ON BEHALF OF THE BOARD:** ........................................................................ Director Date: ............................................. Page 2 ## **Cylch Meithrin Llangybi** ## **Income Statement for the Year Ended 31 March 2025** |Notes
**TURNOVER**
Administrative expenses
**OPERATING DEFICIT and**
**DEFICIT BEFORE TAXATION**
Tax on deficit
**DEFICIT FOR THE FINANCIAL YEAR**|£
24,672
24,751
(79)
-
(79)| |---|---| The notes form part of these financial statements Page 3 **Cylch Meithrin Llangybi (Registered number: CE017972)** ## **Balance Sheet 31 March 2025** |Notes
**FIXED ASSETS**
Tangible assets
5
**CURRENT ASSETS**
Debtors
6
Cash at bank
**CREDITORS**
Amounts falling due within one year
7
**NET CURRENT ASSETS**
**TOTAL ASSETS LESS CURRENT**
**LIABILITIES**
**RESERVES**
Income and expenditure account|£
50
8,603
8,653
2,048|£
390
6,605| |---|---|---| |||6,995| |||6,995| |||6,995| The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025. The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006. The director acknowledges 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 in accordance with the provisions applicable to companies subject to the small companies regime. The financial statements were approved by the Board of Directors and authorised for issue on ............................................. and were signed by: ........................................................................ Director The notes form part of these financial statements Page 4 **Cylch Meithrin Llangybi** **Notes to the Financial Statements for the Year Ended 31 March 2025** ## 1. **STATUTORY INFORMATION** Cylch Meithrin Llangybi 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 Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" 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 10% ## **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. ## 3. **EMPLOYEES AND DIRECTORS** The average number of employees during the year was 3. ## 4. **OPERATING DEFICIT** The operating deficit is stated after charging: Depreciation - owned assets £ 43 Page 5 continued... **Cylch Meithrin Llangybi** ## **Notes to the Financial Statements - continued for the Year Ended 31 March 2025** ## 5. **TANGIBLE FIXED ASSETS** |5.|**TANGIBLE FIXED ASSETS**|| |---|---|---| |||Plant and| |||machinery| |||etc| |||£| ||**COST**|| ||At 1 April 2024|| ||and 31 March 2025|607| ||**DEPRECIATION**|| ||At 1 April 2024|174| ||Charge for year|43| ||At 31 March 2025|217| ||**NET BOOK VALUE**|| ||At 31 March 2025|390| ||At 31 March 2024|433| |6.|**DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**|| |||£| ||Other debtors|50| |7.|**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**|| |||£| ||Trade creditors|2,048| Page 6 **Cylch Meithrin Llangybi** ## **Report of the Accountants to the Director of Cylch Meithrin Llangybi** As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 March 2025 set out on pages three to six and you consider that the company is exempt from an audit. In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us. W Glynne Owen & Co Limited Chartered Accountants 2 Caradog Villas Glanhwfa Road Llangefni Ynys Mon LL77 7EN Date: ............................................. This page does not form part of the statutory financial statements Page 7 **Cylch Meithrin Llangybi** ## **Detailed Income and Expenditure Account for the Year Ended 31 March 2025** |**Turnover**
Receipts
**Expenditure**
Insurance
Computer costs
Wages
Hire
Toys and activity costs
Sundry expenses
Accountancy
Professional fees
Depreciation of tangible fixed assets
Computer equipment
**NET DEFICIT**|£
100
60
22,229
20
237
312
1,510
240
43|£
24,672
24,751
(79)| |---|---|---| This page does not form part of the statutory financial statements Page 8