REGISTERED NUMBER:
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CRANC CYFYNGEDIG |
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UNAUDITED FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 30 SEPTEMBER 2019 |
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REGISTERED NUMBER:
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CRANC CYFYNGEDIG |
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UNAUDITED FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 30 SEPTEMBER 2019 |
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CRANC CYFYNGEDIG (REGISTERED NUMBER: 05246923) |
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CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 SEPTEMBER 2019 |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 4 |
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CRANC CYFYNGEDIG |
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COMPANY INFORMATION |
FOR THE YEAR ENDED 30 SEPTEMBER 2019 |
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DIRECTORS: |
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SECRETARY: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Chartered Accountants |
Elfed House |
Oak Tree Court |
Cardiff Gate Business Park |
CARDIFF |
County of Cardiff |
CF23 8RS |
CRANC CYFYNGEDIG (REGISTERED NUMBER: 05246923) |
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BALANCE SHEET |
30 SEPTEMBER 2019 |
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2019 | 2018 |
Notes | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
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Investments | 5 |
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CURRENT ASSETS |
Debtors | 6 |
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Cash at bank and in hand |
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CREDITORS |
Amounts falling due within one year | 7 | ( |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CREDITORS |
Amounts falling due after more than one
year |
8 |
( |
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( |
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PROVISIONS FOR LIABILITIES | ( |
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NET ASSETS |
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CAPITAL AND RESERVES |
Called up share capital |
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Non distributable reserve | 9 |
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Retained earnings |
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SHAREHOLDERS' FUNDS |
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The directors acknowledge their 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. |
CRANC CYFYNGEDIG (REGISTERED NUMBER: 05246923) |
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BALANCE SHEET - continued |
30 SEPTEMBER 2019 |
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In accordance with Section 444 of the Companies Act 2006, the Profit and loss account has not been delivered. |
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The financial statements were approved for issue by the Board of Directors and authorised for issue on
were signed on its behalf by: |
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CRANC CYFYNGEDIG (REGISTERED NUMBER: 05246923) |
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NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 SEPTEMBER 2019 |
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1. | STATUTORY INFORMATION |
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Cranc Cyfyngedig is a
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registered number and registered office address can be found on the Company Information page. |
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The company's functional and presentational currency in the financial statements is Sterling (£), rounded to the |
nearest pound. |
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The significant accounting policies applied in the presentation of these financial statements are set out below. |
These policies have been consistently applied to all years presented unless otherwise stated. |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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The company has early adopted the 'Triennial review 2017 amendments'. |
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There have been no material departures from Financial Reporting Standard 102 1A. |
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Going concern |
The directors are satisfied that despite the Coronavirus pandemic, it is appropriate for the company’s financial |
statements to be prepared on a going concern basis. The pandemic has resulted in a number of uncertainties |
arising and the directors have taken steps to minimise the effect on the company and will continue to do so. In |
the circumstances they have concluded that no adjustments are required to the financial statements at this time. |
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Turnover |
Turnover represents amounts billed and billable in respect of the provision of audio post production facilities |
during the year, excluding value added tax. |
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Tangible fixed assets |
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Plant and Machinery | - |
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Fixtures and Fittings | - |
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Office Equipment | - |
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Taxation |
Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the year and |
is calculated using the tax rates and laws that have been enacted or substantively enacted at the balance sheet |
date. |
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Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the |
balance sheet date. |
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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. |
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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. |
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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. |
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Financial instruments |
Basic financial instruments are recognised at amortised costs. |
CRANC CYFYNGEDIG (REGISTERED NUMBER: 05246923) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30 SEPTEMBER 2019 |
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2. | ACCOUNTING POLICIES - continued |
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Investments |
Investments are included at fair value. Gains are recognised in the profit and loss statement. Deferred tax is |
provided on these gains at the rate expected to apply when the asset is sold. Listed investments are valued at |
the current bid price at the balance sheet date. |
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Employee benefits |
When employees have rendered service to the company, short-term employee benefits to which the employees |
are entitled are recognised at the undiscounted amount expected to be paid in exchange for that service. |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was
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4. | TANGIBLE FIXED ASSETS |
Fixtures |
Plant and | and | Office |
Machinery | Fittings | Equipment | Totals |
£ | £ | £ | £ |
COST |
At 1 October 2018 |
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Additions |
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At 30 September 2019 |
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DEPRECIATION |
At 1 October 2018 |
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Charge for year |
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At 30 September 2019 |
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NET BOOK VALUE |
At 30 September 2019 |
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At 30 September 2018 |
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5. | FIXED ASSET INVESTMENTS |
Other |
investments |
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COST OR VALUATION |
At 1 October 2018 |
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Revaluations |
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At 30 September 2019 |
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NET BOOK VALUE |
At 30 September 2019 |
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At 30 September 2018 |
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The investments, which are all listed, have been valued at current bid price at the year end. |
CRANC CYFYNGEDIG (REGISTERED NUMBER: 05246923) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30 SEPTEMBER 2019 |
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6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2019 | 2018 |
£ | £ |
Trade debtors |
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Other debtors |
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Prepayments and accrued income |
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7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2019 | 2018 |
£ | £ |
Trade creditors |
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Corporation tax |
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Social security and other taxes |
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VAT |
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Other creditors |
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Directors' current accounts |
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Accruals and deferred income |
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8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
2019 | 2018 |
£ | £ |
Directors' loan accounts | 8,080 | 22,747 |
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9. | RESERVES |
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Non |
distributable |
reserve |
£ |
At 1 October 2018 | 9,669 |
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Revaluation | 3,232 |
Deferred tax on revaluation | (549 | ) |
At 30 September 2019 | 12,352 |
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10. | OTHER FINANCIAL COMMITMENTS |
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At the year end date, the company had financial commitments of £28,229 (2018: £55,353) in respect of an |
operating lease on the rental of property. |