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REGISTERED NUMBER: SC498394 (Scotland)















Unaudited Financial Statements for the Year Ended 28 February 2023

for

BULYEAR LIMITED

BULYEAR LIMITED (REGISTERED NUMBER: SC498394)

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


BULYEAR LIMITED

Company Information
for the Year Ended 28 February 2023







DIRECTORS: K P Stuart
A M Scott





REGISTERED OFFICE: 5 Carden Place
Aberdeen
AB10 1UT





REGISTERED NUMBER: SC498394 (Scotland)






BULYEAR LIMITED (REGISTERED NUMBER: SC498394)

Balance Sheet
28 February 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 513,160 756,404

CURRENT ASSETS
Debtors 5 2,465 -
Cash at bank 1,889 1,918
4,354 1,918
CREDITORS
Amounts falling due within one year 6 400,643 404,251
NET CURRENT LIABILITIES (396,289 ) (402,333 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

116,871

354,071

CREDITORS
Amounts falling due after more than one
year

7

277,222

618,756
NET LIABILITIES (160,351 ) (264,685 )

CAPITAL AND RESERVES
Called up share capital 4 4
Retained earnings (160,355 ) (264,689 )
SHAREHOLDERS' FUNDS (160,351 ) (264,685 )

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.

BULYEAR LIMITED (REGISTERED NUMBER: SC498394)

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 21 February 2024 and were signed on its behalf by:





K P Stuart - Director


BULYEAR LIMITED (REGISTERED NUMBER: SC498394)

Notes to the Financial Statements
for the Year Ended 28 February 2023


1. STATUTORY INFORMATION

Bulyear Limited is a private company, limited by shares , registered in Scotland. 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - held at cost
Plant and machinery etc - 20% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Going concern
These accounts have been prepared on the going concern basis, on the understanding that the directors and shareholders will continue to financially support the company.

3. EMPLOYEES AND DIRECTORS

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

BULYEAR LIMITED (REGISTERED NUMBER: SC498394)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023


4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 March 2022 751,912 5,500 757,412
Additions 103,645 - 103,645
Disposals (345,789 ) - (345,789 )
At 28 February 2023 509,768 5,500 515,268
DEPRECIATION
At 1 March 2022 - 1,008 1,008
Charge for year - 1,100 1,100
At 28 February 2023 - 2,108 2,108
NET BOOK VALUE
At 28 February 2023 509,768 3,392 513,160
At 28 February 2022 751,912 4,492 756,404

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 2,465 -

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 19,472 32,756
Trade creditors 2,037 132
Taxation and social security - 45,304
Other creditors 379,134 326,059
400,643 404,251

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 277,222 618,756

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 203,705 488,302

8. ULTIMATE CONTROLLING PARTY

The controlling party is K P Stuart.