BOYD HYDRAULICS LIMITED

Company Registration Number:
SC222275 (Scotland)

Unaudited statutory accounts for the year ended 31 January 2023

Period of accounts

Start date: 01 February 2022

End date: 31 January 2023

BOYD HYDRAULICS LIMITED

Contents of the Financial Statements

for the Period Ended 31 January 2023

Company Information - 3
Report of the Directors - 4
Profit and Loss Account - 5
Balance sheet - 6
Additional notes - 8
Balance sheet notes - 11

BOYD HYDRAULICS LIMITED

Company Information

for the Period Ended 31 January 2023




Director: David W J Boyd
Secretary: Shirley Boyd
Registered office: 2
Wheatland
Pitmedden
Ellon
Aberdeenshire
AB41 7GG
Company Registration Number: SC222275 (Scotland)

BOYD HYDRAULICS LIMITED

Directors' Report Period Ended 31 January 2023

The directors present their report with the financial statements of the company for the period ended 31 January 2023

Directors

The directors shown below have held office during the whole of the period from 01 February 2022 to 31 January 2023
David W J Boyd

Secretary
Shirley Boyd

This report was approved by the board of directors on 27 October 2023
And Signed On Behalf Of The Board By:

Name: David W J Boyd
Status: Director

BOYD HYDRAULICS LIMITED

Profit and Loss Account

for the Period Ended 31 January 2023


Notes

2023
£

2022
£
Turnover 125,683 135,623
Cost of sales ( 58,427 ) ( 67,476 )
Gross Profit or (Loss) 67,256 68,147
Administrative Expenses ( 79,872 ) ( 74,997 )
Operating Profit or (Loss) ( 12,616 ) ( 6,850 )
Profit or (Loss) Before Tax ( 12,616 ) ( 6,850 )
Profit or (Loss) for Period ( 12,616 ) ( 6,850 )

The notes form part of these financial statements

BOYD HYDRAULICS LIMITED

Balance sheet

As at 31 January 2023


Notes

2023
£

2022
£
Fixed assets
Tangible assets: 4 30,939 41,252
Total fixed assets: 30,939 41,252
Current assets
Debtors: 5 73,175 81,896
Cash at bank and in hand: 22,786 17,572
Total current assets: 95,961 99,468
Creditors: amounts falling due within one year: 6 ( 75,131 ) ( 76,335 )
Net current assets (liabilities): 20,830 23,133
Total assets less current liabilities: 51,769 64,385
Total net assets (liabilities): 51,769 64,385

The notes form part of these financial statements

BOYD HYDRAULICS LIMITED

Balance sheet continued

As at 31 January 2023


Notes

2023
£

2022
£
Capital and reserves
Called up share capital: 1 1
Profit and loss account: 51,768 64,384
Shareholders funds: 51,769 64,385

For the year ending 31 January 2023 the company was entitled to exemption 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 directors acknowledge their 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.

This report was approved by the board of directors on 27 October 2023
And Signed On Behalf Of The Board By:

Name: David W J Boyd
Status: Director

The notes form part of these financial statements

BOYD HYDRAULICS LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

BOYD HYDRAULICS LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2023

  • 2. Employees


    2023

    2022
    Average number of employees during the period 1 1

BOYD HYDRAULICS LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2023

  • 3. Off balance sheet disclosure

    No

BOYD HYDRAULICS LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2023

4. Tangible assets

Plant & machinery Office equipment Motor vehicles Total
Cost £ £ £ £
At 01 February 2022 115,345 3,126 42,288 160,759
Additions 0 - - 0
Disposals - - - -
Revaluations - - - -
Transfers - - - -
At 31 January 2023 115,345 3,126 42,288 160,759
Depreciation
At 01 February 2022 82,300 2,789 34,418 119,507
Charge for year 8,262 84 1,967 10,313
On disposals - - - -
Other adjustments - - - -
At 31 January 2023 90,562 2,873 36,385 129,820
Net book value
At 31 January 2023 24,783 253 5,903 30,939
At 31 January 2022 33,045 337 7,870 41,252

BOYD HYDRAULICS LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2023

5. Debtors


2023
£

2022
£
Trade debtors 73,175 81,896
Total 73,175 81,896

BOYD HYDRAULICS LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2023

6.Creditors: amounts falling due within one year note


2023
£

2022
£
Trade creditors 75,131 76,335
Total 75,131 76,335