Age Cymru Gogledd Masnachol Cyf - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 08775079 (England and Wales)

Financial Statements for the Year Ended 31st March 2020

for

Age Cymru Gogledd Masnachol Cyf

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mrs E L Jones

J C Jones

Mrs A Hughes

SECRETARY:

Mrs E L Jones

REGISTERED OFFICE:

Y Cartref

Bontnewydd

Caernarfon

Gwynedd

LL54 7UW

REGISTERED NUMBER:

08775079 (England and Wales)

SENIOR STATUTORY AUDITOR:

Brian Hughes

AUDITORS:

A.Hughes-Jones, Dyson & Co.

Statutory Auditor

Chartered Accountants

Capel Moreia

South Penrallt

Caernarfon

Gwynedd

LL55 1NS

FIXED ASSETS

Tangible assets

4

564

705

CURRENT ASSETS

Debtors

5

-

2,902

Cash at bank and in hand

5,045

5,242

5,045

8,144

CREDITORS

Amounts falling due within one year

6

5,295

8,512

NET CURRENT LIABILITIES

(250

)

(368

)

TOTAL ASSETS LESS CURRENT LIABILITIES

314

337

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

313

336

SHAREHOLDERS' FUNDS

314

337

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 3rd August 2020 and were signed on its behalf by:

Mrs A Hughes - Director

Mrs E L Jones - Director

1.	STATUTORY INFORMATION

Age Cymru Gogledd Masnachol Cyf is a private company, limited by shares , 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.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

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.

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 profit or loss in the period to which they relate.

Auditors

In common with many businesses of our size and nature we use our auditors to prepare and submit returns to the tax authorities and assist with the preparation of the financial statements

.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2019 - 9 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1st April 2019

and 31st March 2020

1,207

DEPRECIATION

At 1st April 2019

502

Charge for year

141

At 31st March 2020

643

NET BOOK VALUE

At 31st March 2020

564

At 31st March 2019

705

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.20

31.3.19

£

£

Trade debtors

-

2,277

Other debtors

-

625

-

2,902

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.20

31.3.19

£

£

Other creditors

5,295

8,512

7.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Brian Hughes (Senior Statutory Auditor)

for and on behalf of A.Hughes-Jones, Dyson & Co.

8.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Age Cymru Gwynedd a Mon.