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REGISTERED NUMBER: 04807967 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2022

for

Byhams Drive Limited

Byhams Drive Limited (Registered number: 04807967)






Contents of the Financial Statements
for the Year Ended 30 June 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Byhams Drive Limited

Company Information
for the Year Ended 30 June 2022







DIRECTOR: M P Byham





SECRETARY: Mrs I C Byham





REGISTERED OFFICE: 1 Manor Court
6 Barnes Wallis Court
Segensworth
Fareham
Hampshire
PO15 5TH





REGISTERED NUMBER: 04807967 (England and Wales)





ACCOUNTANTS: Roches Chartered Accountants
1 Manor Court
6 Barnes Wallis Road
Segensworth
Fareham
Hampshire
PO15 5TH

Byhams Drive Limited (Registered number: 04807967)

Balance Sheet
30 June 2022

30.6.22 30.6.21
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - 7,198

CURRENT ASSETS
Debtors 5 145 3,634
Cash at bank 25,307 18,415
25,452 22,049
CREDITORS
Amounts falling due within one year 6 11,979 13,291
NET CURRENT ASSETS 13,473 8,758
TOTAL ASSETS LESS CURRENT
LIABILITIES

13,473

15,956

PROVISIONS FOR LIABILITIES - 1,368
NET ASSETS 13,473 14,588

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 13,472 14,587
SHAREHOLDERS' FUNDS 13,473 14,588

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2022 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Byhams Drive Limited (Registered number: 04807967)

Balance Sheet - continued
30 June 2022


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 26 August 2022 and were signed by:





M P Byham - Director


Byhams Drive Limited (Registered number: 04807967)

Notes to the Financial Statements
for the Year Ended 30 June 2022

1. STATUTORY INFORMATION

Byhams Drive Limited 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.

Turnover
Turnover represents net invoiced sales of courier services 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.
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable and loans to related parties.

Financial assets & financial liabilities are initially recognised at the transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method. However, if the arrangement constitutes a financing transaction then it is measured at the present value of the future receipts discounted at a market rate of interest.

Financial assets & financial liabilities classified as receivable within one year are not amortised.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 1 (2021 - 1 ) .

Byhams Drive Limited (Registered number: 04807967)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2022

4. TANGIBLE FIXED ASSETS
Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 July 2021 12,990 240 13,230
Disposals (12,990 ) (240 ) (13,230 )
At 30 June 2022 - - -
DEPRECIATION
At 1 July 2021 5,833 199 6,032
Eliminated on disposal (5,833 ) (199 ) (6,032 )
At 30 June 2022 - - -
NET BOOK VALUE
At 30 June 2022 - - -
At 30 June 2021 7,157 41 7,198

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.22 30.6.21
£    £   
Trade debtors - 3,010
Other debtors 145 624
145 3,634

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.22 30.6.21
£    £   
Taxation and social security 10,054 11,678
Other creditors 1,925 1,613
11,979 13,291