Bryan Hynds Garden Machinery Limited |
Registered Number:NI604798 |
For the year ended 31 January 2023
Northern Ireland
Unaudited Financial Statements
For the year ended 31 January 2023
Bryan Hynds Garden Machinery Limited
Contents Page
1
Statement of Financial Position
2 to 5
Notes to the Financial Statements
Bryan Hynds Garden Machinery Limited
Statement of Financial Position
2022
2023
Property, plant and equipment |
38,915
46,443
2
38,915
46,443
430,101
645,997
3
Trade and other receivables |
27,405
16,028
4
71,552
Cash and cash equivalents |
21,666
683,691
529,058
Trade and other payables: amounts falling due within one |
year |
(361,470)
(522,031)
5
167,588
161,660
Net current assets
Total assets less current liabilities |
200,575
214,031
Trade and other payables: amounts falling due after more |
than one year |
(200,901)
(199,092)
6
(7,394)
(8,824)
Provisions for liabilities |
(5,911)
Net assets/liabilities
4,306
30,002
30,002
(35,913)
(25,696)
(5,911)
4,306
Shareholders' funds
For the year ended 31 January 2023 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies. |
The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2023 in accordance with Section 476 of the Companies Act 2006 |
The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 Section |
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. |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. |
Mrs Royanne Hynds Director |
These financial statements were approved and authorised for issue by the Board on 19 October 2023 and were signed by: |
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For the year ended 31 January 2023
Bryan Hynds Garden Machinery Limited
Statement of Financial Position Continued
The notes form part of these financial statements |
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For the year ended 31 January 2023
Bryan Hynds Garden Machinery Limited
Notes to the Financial Statements
Statutory Information
Bryan Hynds Garden Machinery Limited is a private limited company, limited by shares, domiciled in Northern Ireland, |
registration number NI604798. |
32 Dobbin Road
ARMAGH
ARMAGH
BT62 3EY
The presentation currency is £ sterling. |
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial |
Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the |
Companies Act 2006. The financial statements have been prepared under the historical costs convention as |
modified by the revaluation of certain assets. |
Property, plant and equipment
Tangible fixed assets The cost of tangible fixed assets is their purchase cost, together with any incidental expenses of acquisition. Depreciation is calculated so as to write off the cost, or valuation of tangible fixed assets, over the expected useful economic lives of the assets concerned. The principal annual rates used for this purpose are: Plant and Machinery - 20% reducing balance basis Fixtures and Fittings - 10% reducing balance basis Motor Vehicles - 20% reducing balance basis |
Plant and Machinery
Motor Vehicles
Furniture and Fittings
Government grants
Government grants received are credited to deferred income. Grants towards capital expenditure are released to the profit and loss account over the expected useful life of the assets. Grants received towards revenue expenditure are released to the profit and loss account as the related expenditure is incurred. |
Inventories
Inventories are value 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 statement of financial position date. |
Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme for the benefit of its directors/and employees. Contributions payable are charged to the profit and loss account in the period in which they are payable. |
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For the year ended 31 January 2023
Bryan Hynds Garden Machinery Limited
Notes to the Financial Statements Continued
2. Property, plant and equipment |
Motor Vehicles
132,223
57,841
64,217
10,165
10,165
64,217
57,841
132,223
Provision for depreciation and impairment |
85,780
40,241
37,531
8,008
Charge for year
7,528
1,760
5,337
431
93,308
42,001
42,868
8,439
1,726
21,349
15,840
38,915
2,157
26,686
17,600
46,443
2022
2023
645,997
430,101
4. Trade and other receivables |
2022
2023
15,062
15,084
966
12,321
27,405
16,028
5. Trade and other payables: amounts falling due within one year |
2022
2023
(6,906)
2,710
484,238
322,453
Taxation and social security |
24,963
14,571
19,736
21,736
522,031
361,470
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For the year ended 31 January 2023
Bryan Hynds Garden Machinery Limited
Notes to the Financial Statements Continued
6. Trade and other payables: amounts falling due after more than one year |
2022
2023
199,092
200,901
7. Average number of persons employed |
During the year the average number of employees was 9 (2022 : 8)
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