REGISTERED NUMBER: 03769338

CWARE PANTGWYN QUARRY LIMITED

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2016

Page

Abbreviated Balance Sheet

1

Notes to the Abbreviated Accounts

3

FIXED ASSETS

Tangible assets

2

794,802

746,549

CURRENT ASSETS

Stocks

86,862

68,572

Debtors

173,126

232,240

Cash at bank and in hand

1,495

2,601

261,483

303,413

CREDITORS

Amounts falling due within one year

3

433,415

429,896

NET CURRENT LIABILITIES

(171,932

)

(126,483

)

TOTAL ASSETS LESS CURRENT LIABILITIES

622,870

620,066

CREDITORS

Amounts falling due after more than one year

3

(113,544

)

(70,267

)

PROVISIONS FOR LIABILITIES

(58,305

)

(56,171

)

NET ASSETS

451,021

493,628

CAPITAL AND RESERVES

Called up share capital

4

2

2

Profit and loss account

451,019

493,626

SHAREHOLDERS' FUNDS

451,021

493,628

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2016 in accordance with Section 476 of the Companies Act 2006.

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.

The abbreviated accounts 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 14 December 2016 and were signed on its behalf by:

Mr J L Rees - Director

Mr T D Rees - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

Given the current trading performance of the company and the projected revenue earnings, the

directors are confident that the accounts can be prepared on a going concern basis.

Accounting convention

The financial statements have been prepared under the historical cost convention and in

accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for

obsolete and slow moving items.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed

at the balance sheet date.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance

sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives.

Those held under finance leases are depreciated over their estimated useful lives or the lease

term, whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the

relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to the profit and loss account on a straight line

basis over the period of the lease.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2015

2,114,218

Additions

120,234

At 31 March 2016

2,234,452

DEPRECIATION

At 1 April 2015

1,367,669

Charge for year

71,981

At 31 March 2016

1,439,650

NET BOOK VALUE

At 31 March 2016

794,802

At 31 March 2015

746,549

3.

CREDITORS

Creditors include an amount of £ 350,500 (2015 - £ 318,816 ) for which security has been given.

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

£

2

Ordinary

£1

2

2