2022-02-01 NI604798 2023-01-31 NI604798 2022-02-01 2023-01-31 NI604798 2022-01-31 NI604798 2021-02-01 2022-01-31 NI604798 uk-core:WithinOneYear 2022-01-31 NI604798 uk-core:WithinOneYear 2023-01-31 NI604798 uk-core:AfterOneYear 2022-01-31 NI604798 uk-core:AfterOneYear 2023-01-31 NI604798 uk-core:ShareCapital 2023-01-31 NI604798 uk-core:ShareCapital 2022-01-31 NI604798 uk-core:RetainedEarningsAccumulatedLosses 2023-01-31 NI604798 uk-core:RetainedEarningsAccumulatedLosses 2022-01-31 NI604798 uk-bus:Director1 2022-02-01 2023-01-31 NI604798 uk-bus:Director2 2022-02-01 2023-01-31 NI604798 uk-core:Buildings uk-core:OwnedOrFreeholdAssets 2022-02-01 2023-01-31 NI604798 uk-core:VehiclesPlantMachinery 2022-02-01 2023-01-31 NI604798 uk-core:FurnitureFittingsToolsEquipment 2022-02-01 2023-01-31 NI604798 uk-core:FurnitureFittingsToolsEquipment 2022-01-31 NI604798 uk-core:VehiclesPlantMachinery 2022-01-31 NI604798 uk-core:Buildings uk-core:OwnedOrFreeholdAssets 2022-01-31 NI604798 uk-core:Buildings uk-core:OwnedOrFreeholdAssets 2023-01-31 NI604798 uk-core:VehiclesPlantMachinery 2023-01-31 NI604798 uk-core:FurnitureFittingsToolsEquipment 2023-01-31 NI604798 uk-core:WithinOneYear 2023-01-31 NI604798 uk-core:WithinOneYear 2022-01-31 iso4217:GBP xbrli:pure NI604798 uk-bus:AuditExemptWithAccountantsReport 2022-02-01 2023-01-31 NI604798 uk-bus:FRS102 2022-02-01 2023-01-31 NI604798 uk-bus:FullAccounts 2022-02-01 2023-01-31 NI604798 uk-bus:PrivateLimitedCompanyLtd 2022-02-01 2023-01-31
Bryan Hynds Garden Machinery Limited
Registered Number:NI604798
For the year ended 31 January 2023
Northern Ireland
Unaudited Financial Statements
2
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
3
Registered Number :
NI604798
As at 31 January 2023
Bryan Hynds Garden Machinery Limited
Statement of Financial Position
£
£
2022
2023
Notes
Fixed assets
Property, plant and equipment
38,915
46,443
2
38,915
46,443
Current assets
Inventories
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
Capital and reserves
Called up share capital
30,002
30,002
Retained earnings
(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.
Mr Bryan Hynds Director
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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4
Registered Number :
NI604798
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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5
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.
Registered address:
32 Dobbin Road
ARMAGH
ARMAGH
BT62 3EY
The presentation currency is £ sterling.
1. Accounting policies
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
20% Reducing balance
20% Reducing balance
Motor Vehicles
10% Reducing balance
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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6
For the year ended 31 January 2023
Bryan Hynds Garden Machinery Limited
Notes to the Financial Statements Continued
2. Property, plant and equipment
Total
Furniture and
Fittings
Motor Vehicles
Plant and
Machinery
£
£
£
£
Cost or
valuation
At 01 February 2022
132,223
57,841
64,217
10,165
At 31 January 2023
10,165
64,217
57,841
132,223
Provision for depreciation and impairment
At 01 February 2022
85,780
40,241
37,531
8,008
Charge for year
7,528
1,760
5,337
431
At 31 January 2023
93,308
42,001
42,868
8,439
At 31 January 2023
Net book value
1,726
21,349
15,840
38,915
At 31 January 2022
2,157
26,686
17,600
46,443
3. Inventories
2022
2023
£
£
Stocks
645,997
430,101
4. Trade and other receivables
2022
2023
£
£
Trade debtors
15,062
15,084
Other debtors
966
12,321
27,405
16,028
5. Trade and other payables: amounts falling due within one year
2022
2023
£
£
Bank loans and overdraft
(6,906)
2,710
Trade creditors
484,238
322,453
Taxation and social security
24,963
14,571
Other creditors
19,736
21,736
522,031
361,470
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7
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
£
£
Other creditors
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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