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REGISTERED NUMBER: NI044429 (Northern Ireland)















W.A. BOYD (DEVELOPMENTS) LIMITED

Unaudited Financial Statements for the Year Ended 31 March 2024






W.A. BOYD (DEVELOPMENTS) LIMITED (REGISTERED NUMBER: NI044429)






Contents of the Financial Statements
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


W.A. BOYD (DEVELOPMENTS) LIMITED

Company Information
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTOR: A Boyd





REGISTERED OFFICE: 12 Tirwinny Road
Lack
Co. Fermanagh
BT93 0BU





REGISTERED NUMBER: NI044429 (Northern Ireland)





ACCOUNTANTS: CavanaghKelly
Chartered Accountants
36-38 Northland Row
Dungannon
Co. Tyrone
BT71 6AP

W.A. BOYD (DEVELOPMENTS) LIMITED (REGISTERED NUMBER: NI044429)

Statement of Financial Position
31 MARCH 2024

2024 2023
Notes £ £
NON-CURRENT ASSETS
Property, plant and equipment 5 16,130 2,973
Investments 6 1 1
16,131 2,974

CURRENT ASSETS
Inventories 7 - 110,530
Receivables: amounts falling due within
one year

8

200

-
Cash at bank 90,259 1,593
90,459 112,123
PAYABLES
Amounts falling due within one year 9 (51,717 ) (73,776 )
NET CURRENT ASSETS 38,742 38,347
TOTAL ASSETS LESS CURRENT
LIABILITIES

54,873

41,321

CAPITAL AND RESERVES
Called up share capital 10 1,000 1,000
Retained earnings 53,873 40,321
SHAREHOLDERS' FUNDS 54,873 41,321

The Company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the Company to obtain an audit of its financial statements for the year ended 31 March 2024 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 27 May 2024 and were signed by:





A Boyd - Director


W.A. BOYD (DEVELOPMENTS) LIMITED (REGISTERED NUMBER: NI044429)

Notes to the Financial Statements
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

W.A. Boyd (Developments) Limited is a private company, limited by shares , registered in Northern Ireland. 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

The accounts are prepared under the historical cost convention modified when necessary to include the revaluation of certain fixed assets.

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

Property, plant and equipment
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 15% reducing balance
Fixtures and fittings - 15% reducing balance
Motor vehicles - 25% reducing balance

Inventories
Inventories are valued at the lower of cost and net realisable value. Cost comprises expenditure incurred in the normal course of business in bringing inventories to their present location and condition. Full provision is made for obsolete and slow moving items. Net realisable value comprises actual or estimated selling price (net of trade discounts) less all further costs to completion or to be incurred in marketing and selling.

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 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Cash flow statement
The company has availed of the exemption in FRS 102 Section 1A from the requirement to prepare a Statement of Cash Flows because it is classified as a small company.

Cash and cash equivalents
Cash and cash equivalents includes cash in hand and deposits held at call with banks.

Share capital
Ordinary Shares are classified as equity. Incremental costs directly attributable to the issue of new
ordinary shares are shown in equity as a deduction, net of tax, from the proceeds.

W.A. BOYD (DEVELOPMENTS) LIMITED (REGISTERED NUMBER: NI044429)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 MARCH 2024

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

5. PROPERTY, PLANT AND EQUIPMENT
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£ £ £ £
COST
At 1 April 2023 43,853 5,367 6,400 55,620
Additions - - 16,990 16,990
Disposals - - (6,400 ) (6,400 )
At 31 March 2024 43,853 5,367 16,990 66,210
DEPRECIATION
At 1 April 2023 41,579 5,148 5,920 52,647
Charge for year 341 33 2,979 3,353
Eliminated on disposal - - (5,920 ) (5,920 )
At 31 March 2024 41,920 5,181 2,979 50,080
NET BOOK VALUE
At 31 March 2024 1,933 186 14,011 16,130
At 31 March 2023 2,274 219 480 2,973

6. FIXED ASSET INVESTMENTS
Listed
investments
£
COST
At 1 April 2023
and 31 March 2024 1
NET BOOK VALUE
At 31 March 2024 1
At 31 March 2023 1

7. INVENTORIES
2024 2023
£ £
Inventories - 110,530

8. RECEIVABLES: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
VAT 200 -

9. PAYABLES: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Taxation and social security 281 3,158
Other payables 51,436 70,618
51,717 73,776

W.A. BOYD (DEVELOPMENTS) LIMITED (REGISTERED NUMBER: NI044429)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 MARCH 2024

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £ £
1,000 ORD 1 1,000 1,000