IRIS Accounts Production v24.1.0.578 13664093 director 1.11.22 31.10.23 31.10.23 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh136640932022-10-31136640932023-10-31136640932022-11-012023-10-31136640932021-10-05136640932021-10-062022-10-31136640932022-10-3113664093ns15:EnglandWales2022-11-012023-10-3113664093ns14:PoundSterling2022-11-012023-10-3113664093ns10:Director12022-11-012023-10-3113664093ns10:PrivateLimitedCompanyLtd2022-11-012023-10-3113664093ns10:SmallEntities2022-11-012023-10-3113664093ns10:AuditExemptWithAccountantsReport2022-11-012023-10-3113664093ns10:SmallCompaniesRegimeForDirectorsReport2022-11-012023-10-3113664093ns10:SmallCompaniesRegimeForAccounts2022-11-012023-10-3113664093ns10:FullAccounts2022-11-012023-10-3113664093ns10:OrdinaryShareClass12022-11-012023-10-3113664093ns10:RegisteredOffice2022-11-012023-10-3113664093ns5:CurrentFinancialInstruments2023-10-3113664093ns5:CurrentFinancialInstruments2022-10-3113664093ns5:Non-currentFinancialInstruments2023-10-3113664093ns5:Non-currentFinancialInstruments2022-10-3113664093ns5:ShareCapital2023-10-3113664093ns5:ShareCapital2022-10-3113664093ns5:RetainedEarningsAccumulatedLosses2023-10-3113664093ns5:RetainedEarningsAccumulatedLosses2022-10-3113664093ns5:PlantMachinery2022-11-012023-10-3113664093ns5:PlantMachinery2022-10-3113664093ns5:PlantMachinery2023-10-3113664093ns5:PlantMachinery2022-10-3113664093ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-10-3113664093ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-10-3113664093ns10:OrdinaryShareClass12023-10-31136640931ns10:Director12022-10-31136640931ns10:Director12021-10-05136640931ns10:Director12022-11-012023-10-31136640931ns10:Director12021-10-062022-10-31136640931ns10:Director12023-10-31136640931ns10:Director12022-10-31
REGISTERED NUMBER: 13664093 (England and Wales)















BEN COY FARRIER LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2023






BEN COY FARRIER LIMITED (REGISTERED NUMBER: 13664093)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3 to 5

Accountants' Report 6

BEN COY FARRIER LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2023







DIRECTOR: B M Coy





REGISTERED OFFICE: 18 Northgate
Sleaford
Lincolnshire
NG34 7BJ





BUSINESS ADDRESS: 31 Stamford Road
West Deeping
Peterborough
PE6 9JA





REGISTERED NUMBER: 13664093 (England and Wales)





ACCOUNTANTS: Duncan & Toplis Limited
18 Northgate
Sleaford
Lincolnshire
NG34 7BJ

BEN COY FARRIER LIMITED (REGISTERED NUMBER: 13664093)

STATEMENT OF FINANCIAL POSITION
31 OCTOBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 53,452 27,148

CURRENT ASSETS
Debtors 5 5,733 3,424
Cash at bank 87,462 90,211
93,195 93,635
CREDITORS
Amounts falling due within one year 6 22,421 45,674
NET CURRENT ASSETS 70,774 47,961
TOTAL ASSETS LESS CURRENT LIABILITIES 124,226 75,109

CREDITORS
Amounts falling due after more than one year 7 (22,400 ) (14,952 )

PROVISIONS FOR LIABILITIES (12,588 ) (4,440 )
NET ASSETS 89,238 55,717

CAPITAL AND RESERVES
Called up share capital 9 1 1
Retained earnings 89,237 55,716
SHAREHOLDERS' FUNDS 89,238 55,717

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 23 April 2024 and were signed by:





B M Coy - Director


BEN COY FARRIER LIMITED (REGISTERED NUMBER: 13664093)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

1. STATUTORY INFORMATION

Ben Coy Farrier Limited 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.

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 - 25% on reducing balance and 15% on reducing balance

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

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.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

BEN COY FARRIER LIMITED (REGISTERED NUMBER: 13664093)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 November 2022 35,734
Additions 42,848
At 31 October 2023 78,582
DEPRECIATION
At 1 November 2022 8,586
Charge for year 16,544
At 31 October 2023 25,130
NET BOOK VALUE
At 31 October 2023 53,452
At 31 October 2022 27,148

The net book value of tangible fixed assets includes £ 42,648 (2022 - £ 21,488 ) in respect of assets held under hire purchase contracts.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 3,471 3,424
Other debtors 2,262 -
5,733 3,424

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts 13,718 9,444
Trade creditors - 5,425
Taxation and social security 7,503 7,803
Other creditors 1,200 23,002
22,421 45,674

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Hire purchase contracts 22,400 14,952

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Hire purchase contracts 36,118 24,396

The hire purchase liabilities are secured against the assets to which they relate.

BEN COY FARRIER LIMITED (REGISTERED NUMBER: 13664093)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
1 Ordinary £1 1 1

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the year ended 31 October 2023 and the period ended 31 October 2022:

2023 2022
£    £   
B M Coy
Balance outstanding at start of year (22,102 ) -
Amounts advanced 50,250 71,626
Amounts repaid (25,886 ) (93,728 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 2,262 (22,102 )

Interest on overdrawn director's loan account is charged at the official rate. The balance outstanding is unsecured and repayable on demand.

ACCOUNTANTS' REPORT TO THE DIRECTOR
ON THE UNAUDITED FINANCIAL STATEMENTS OF
BEN COY FARRIER LIMITED

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Ben Coy Farrier Limited for the year ended 31 October 2023 which comprise the Statement of Income and Retained Earnings, Statement of Financial Position and the related notes from the company's accounting records and from information and explanations you have given us.

This report is made solely to the director of Ben Coy Farrier Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Ben Coy Farrier Limited and state those matters that we have agreed to state to the director of Ben Coy Farrier Limited in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that Ben Coy Farrier Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Ben Coy Farrier Limited. You consider that Ben Coy Farrier Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Ben Coy Farrier Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Duncan & Toplis Limited
18 Northgate
Sleaford
Lincolnshire
NG34 7BJ


Date: .............................................