P J BYRNE & SONS LIMITED

Company Registration Number:
06860915 (England and Wales)

Unaudited abridged accounts for the year ended 31 March 2023

Period of accounts

Start date: 01 April 2022

End date: 31 March 2023

P J BYRNE & SONS LIMITED

Contents of the Financial Statements

for the Period Ended 31 March 2023

Balance sheet
Notes

P J BYRNE & SONS LIMITED

Balance sheet

As at 31 March 2023


Notes

2023

2022


£

£
Fixed assets
Tangible assets: 3 13,030 13,976
Total fixed assets: 13,030 13,976
Current assets
Debtors: 4 16,257 20,347
Cash at bank and in hand: 131,115 94,267
Total current assets: 147,372 114,614
Creditors: amounts falling due within one year: 5 (48,683) (37,743)
Net current assets (liabilities): 98,689 76,871
Total assets less current liabilities: 111,719 90,847
Provision for liabilities: (3,221) (3,451)
Total net assets (liabilities): 108,498 87,396
Capital and reserves
Called up share capital: 150 150
Profit and loss account: 108,348 87,246
Shareholders funds: 108,498 87,396

The notes form part of these financial statements

P J BYRNE & SONS LIMITED

Balance sheet statements

For the year ending 31 March 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 19 February 2024
and signed on behalf of the board by:

Name: Mr P T Byrne
Status: Director

The notes form part of these financial statements

P J BYRNE & SONS LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

1. Accounting policies

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

Turnover policy

Turnover comprises the fair value of consideration received and receivable in respect of building work done in the period, net of VAT and discounts.

Tangible fixed assets and depreciation policy

Tangible fixed assets are stated in the balance sheet at cost less accumulated depreciation. Depreciation is provided to write off the cost of each asset over its estimated useful life on the following basis: plant and machinery - 25% and 15% per annum on the reducing balance basis

P J BYRNE & SONS LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

2. Employees

2023 2022
Average number of employees during the period 3 4

P J BYRNE & SONS LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

3. Tangible Assets

Total
Cost £
At 01 April 2022 55,136
Additions 2,814
Disposals (953)
At 31 March 2023 56,997
Depreciation
At 01 April 2022 41,160
Charge for year 3,324
On disposals (517)
At 31 March 2023 43,967
Net book value
At 31 March 2023 13,030
At 31 March 2022 13,976

P J BYRNE & SONS LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

4. Debtors

Debtors falling due within one year comprise at 31 March 2023: Trade debtors £7,910, other debtors £8,347. Debtors falling due within one year at 31 March 2022 comprise trade debtors £8,185 and other debtors £12,162.

P J BYRNE & SONS LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

5. Creditors: amounts falling due within one year note

Creditors at 31 March 2023 comprise: Trade creditors £15,522, taxation and social security £29,155 and other creditors £4,006. Creditors at 31 March 2022 comprise: Trade creditors £13,966, taxation and social security £19,456 and other creditors £4,321.

P J BYRNE & SONS LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

6. Loans to directors

Name of director receiving advance or credit: Mr P J K Byrne
Description of the loan: Advance
£
Balance at 01 April 2022 5,664
Advances or credits repaid: 2,335
Balance at 31 March 2023 3,329

The loan to the director is unsecured and was repayable by equal monthly instalments over a 36 month period. Following the death of the director in November 2022 the remaining loan is now repayable upon demand. No interest was charged on the loan in either year.