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REGISTERED NUMBER: 08424379 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2023

FOR

BYRNE HOLDINGS LTD

BYRNE HOLDINGS LTD (REGISTERED NUMBER: 08424379)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BYRNE HOLDINGS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 28 FEBRUARY 2023







DIRECTORS: K Byrne
Mrs S S Byrne





REGISTERED OFFICE: 158 Albert Road
London
N22 7AH





REGISTERED NUMBER: 08424379 (England and Wales)





ACCOUNTANTS: Cassidys Chartered Accountants
South Stour Offices
Roman Road
Mersham
Ashford
Kent
TN25 7HS

BYRNE HOLDINGS LTD (REGISTERED NUMBER: 08424379)

BALANCE SHEET
28 FEBRUARY 2023

28.2.23 28.2.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 66,294 1,843

CURRENT ASSETS
Debtors 5 7,937 19,328
Cash at bank 1,245 2,735
9,182 22,063
CREDITORS
Amounts falling due within one year 6 9,390 23,135
NET CURRENT LIABILITIES (208 ) (1,072 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

66,086

771

CREDITORS
Amounts falling due after more than one year 7 (52,321 ) -

PROVISIONS FOR LIABILITIES 9 (12,596 ) (350 )
NET ASSETS 1,169 421

CAPITAL AND RESERVES
Called up share capital 10 10
Retained earnings 1,159 411
SHAREHOLDERS' FUNDS 1,169 421

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

BYRNE HOLDINGS LTD (REGISTERED NUMBER: 08424379)

BALANCE SHEET - continued
28 FEBRUARY 2023


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 November 2023 and were signed on its behalf by:





K Byrne - Director


BYRNE HOLDINGS LTD (REGISTERED NUMBER: 08424379)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023


1. STATUTORY INFORMATION

Byrne Holdings Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 20% on cost and 20% on reducing balance

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

BYRNE HOLDINGS LTD (REGISTERED NUMBER: 08424379)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 March 2022 3,615
Additions 81,283
At 28 February 2023 84,898
DEPRECIATION
At 1 March 2022 1,772
Charge for year 16,832
At 28 February 2023 18,604
NET BOOK VALUE
At 28 February 2023 66,294
At 28 February 2022 1,843

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
Additions 80,269
At 28 February 2023 80,269
DEPRECIATION
Charge for year 16,054
At 28 February 2023 16,054
NET BOOK VALUE
At 28 February 2023 64,215

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Trade debtors 2,350 -
Other debtors 5,587 19,328
7,937 19,328

BYRNE HOLDINGS LTD (REGISTERED NUMBER: 08424379)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Bank loans and overdrafts - 10,000
Hire purchase contracts 6,277 -
Trade creditors 52 1,282
Taxation and social security 2,016 11,053
Other creditors 1,045 800
9,390 23,135

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
28.2.23 28.2.22
£    £   
Hire purchase contracts 52,321 -

8. SECURED DEBTS

The following secured debts are included within creditors:

28.2.23 28.2.22
£    £   
Hire purchase contracts 58,598 -

9. PROVISIONS FOR LIABILITIES
28.2.23 28.2.22
£    £   
Deferred tax 12,596 350

Deferred
tax
£   
Balance at 1 March 2022 350
Provided during year 12,246
Balance at 28 February 2023 12,596

BYRNE HOLDINGS LTD (REGISTERED NUMBER: 08424379)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023


10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 28 February 2023 and 28 February 2022:

28.2.23 28.2.22
£    £   
K Byrne and Mrs S S Byrne
Balance outstanding at start of year 19,328 10,768
Amounts advanced - 19,328
Amounts repaid (19,328 ) (10,768 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 19,328

11. RELATED PARTY DISCLOSURES

During the year, total dividends of £11,000 (2022 - £24,500) were paid to the directors .

Mr & Mrs Byrne - Directors and Shareholders

At the balance sheet date Byrne Holdings Ltd owed Mr and Mrs Byrne £195 (2022 - £19,328).