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Company Registration No. 12480937 (England and Wales)
Damian Byrnes Limited Unaudited accounts for the year ended 28 February 2023
Damian Byrnes Limited Unaudited accounts Contents
Page
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Damian Byrnes Limited Company Information for the year ended 28 February 2023
Director
Mr D Byrnes
Company Number
12480937 (England and Wales)
Registered Office
26 Queen Anne Street London W1G 8HA United Kingdom
Accountants
Kendall Accountancy Services Limited 2 Exeter Street New Village Road Cottingham East Yorkshire HU16 4LU
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Damian Byrnes Limited Statement of financial position as at 28 February 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
2,452 
2,643 
Current assets
Debtors
3,076 
6,107 
Cash at bank and in hand
24,033 
22,146 
27,109 
28,253 
Creditors: amounts falling due within one year
(31,922)
(30,287)
Net current liabilities
(4,813)
(2,034)
Total assets less current liabilities
(2,361)
609 
Provisions for liabilities
Deferred tax
(117)
(502)
Net (liabilities)/assets
(2,478)
107 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(2,578)
7 
Shareholders' funds
(2,478)
107 
For the year ending 28 February 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 in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 24 August 2023 and were signed on its behalf by
Mr D Byrnes Director Company Registration No. 12480937
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Damian Byrnes Limited Notes to the Accounts for the year ended 28 February 2023
1
Statutory information
Damian Byrnes Limited is a private company, limited by shares, registered in England and Wales, registration number 12480937. The registered office is 26 Queen Anne Street, London, W1G 8HA, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
25% cost
Computer equipment
25% cost
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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Damian Byrnes Limited Notes to the Accounts for the year ended 28 February 2023
4
Tangible fixed assets
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 March 2022
1,381 
1,910 
3,291 
Additions
- 
673 
673 
At 28 February 2023
1,381 
2,583 
3,964 
Depreciation
At 1 March 2022
276 
372 
648 
Charge for the year
345 
519 
864 
At 28 February 2023
621 
891 
1,512 
Net book value
At 28 February 2023
760 
1,692 
2,452 
At 28 February 2022
1,105 
1,538 
2,643 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
484 
- 
Trade debtors
2,592 
6,107 
3,076 
6,107 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
- 
3,308 
Taxes and social security
- 
616 
Loans from directors
31,922 
26,363 
31,922 
30,287 
7
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
8
Average number of employees
During the year the average number of employees was 1 (2022: 1).
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