Dolen Cyfyngedig - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 09962283 (Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

FOR

DOLEN CYFYNGEDIG

Page

Company information

1

Balance sheet

2

Notes to the financial statements

4

Report of the accountants

7

DIRECTOR:

L Watkins

REGISTERED OFFICE:

Victoria House

Plas Llwyd Terrace

Bangor

Gwynedd

LL57 1UB

REGISTERED NUMBER:

09962283 (Wales)

ACCOUNTANTS:

Fraser Wood Limited

Chartered Certified Accountants

Victoria House

Plas Llwyd Terrace

Bangor

Gwynedd

LL57 1UB

FIXED ASSETS

Tangible assets

4

2,737

1,127

CURRENT ASSETS

Debtors

5

12,773

9,581

Cash at bank

12,353

6,451

25,126

16,032

CREDITORS

Amounts falling due within one year

6

(11,911

)

(10,654

)

NET CURRENT ASSETS

13,215

5,378

TOTAL ASSETS LESS CURRENT LIABILITIES

15,952

6,505

CREDITORS

Amounts falling due after more than one year

7

(14,125

)

-

PROVISIONS FOR LIABILITIES

(547

)

-

NET ASSETS

1,280

6,505

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

1,180

6,405

SHAREHOLDERS' FUNDS

1,280

6,505

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2021 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 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 the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 director and authorised for issue on 6 December 2021 and were signed by:

L Watkins - Director

1.	STATUTORY INFORMATION

Dolen Cyfyngedig is a private company, limited by shares , registered in 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 represents amounts received for human resources consultancy.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures & fittings - 15% reducing balance

Government grants

Grantsare accounted for under the accrual modelandare credited to deferred revenue.

Grants towards capital expenditure are released to theprofit & lossaccount over the expected useful life of the assets.

Grants towards revenue expenditure arereleased to the profit and loss account as the related expenditure is incurredfurthermore,grantswhich becomes receivable as compensation for expenses or losses already incurred, or for the purpose of giving immediate financial support to the entity with no future related costs shall be recognised in income in the period in which it becomes receivable.

Government grants in respect of Covid-19 have been treated as revenue grants.

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.

Revenue recognition

Fee income represents revenue earned under a wide variety of contracts to provide professional services. Revenue is recognised as earned when, and to the extent that, the firm obtains the right to consideration in exchange for its performance under these contracts. It is measured at the fair value of the right to consideration, which represents amounts chargeable to clients, including expenses and disbursements but excluding value added tax.

Revenue is generally recognised as contract activity progresses so that for incomplete contracts it reflects the partial performance of the contractual obligations. For such contracts the amount of revenue reflects the accrual of the right to consideration by reference to the value of work performed. Revenue not billed to clients is included in debtors and payments on account in excess of the relevant amount of revenue are included in creditors.

Fee income that is contingent on events outside the control of the firm is recognised when the contingent event occurs.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2020 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2020

1,164

Additions

1,913

At 31 March 2021

3,077

DEPRECIATION

At 1 April 2020

37

Charge for year

303

At 31 March 2021

340

NET BOOK VALUE

At 31 March 2021

2,737

At 31 March 2020

1,127

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.21

31.3.20

£

£

Trade debtors

12,675

8,346

Other debtors

98

1,235

12,773

9,581

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.21

31.3.20

£

£

Bank loans and overdrafts

1,375

-

Taxation and social security

8,997

7,800

Other creditors

1,539

2,854

11,911

10,654

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.21

31.3.20

£

£

Bank loans

14,125

-

8.	DIRECTOR'S LOAN

The director's loan £47 ( 31 March 2020 - £254) is included in creditors falling due within one year.

9.	ULTIMATE CONTROLLING PARTY

The controlling party is L Watkins.

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance sheet. Readers are cautioned that the Income statement and certain other primary statements and the Report of the director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006 we have prepared for your approval the accounts of Dolen Cyfyngedig for the year ended 31 March 2021 from the Company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://rulebook.accaglobal.com.

Our work has been undertaken in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163.

Fraser Wood Limited

Chartered Certified Accountants

Victoria House

Plas Llwyd Terrace

Bangor

Gwynedd

LL57 1UB

6 December 2021