Acorah Software Products - Accounts Production 15.0.500 false true 31 July 2022 1 August 2021 false 1 August 2022 31 July 2023 31 July 2023 10567851 Mr M Byford iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10567851 2022-07-31 10567851 2023-07-31 10567851 2022-08-01 2023-07-31 10567851 frs-core:CurrentFinancialInstruments 2023-07-31 10567851 frs-core:Non-currentFinancialInstruments 2023-07-31 10567851 frs-core:PlantMachinery 2023-07-31 10567851 frs-core:PlantMachinery 2022-08-01 2023-07-31 10567851 frs-core:PlantMachinery 2022-07-31 10567851 frs-core:ShareCapital 2023-07-31 10567851 frs-core:RetainedEarningsAccumulatedLosses 2023-07-31 10567851 frs-bus:PrivateLimitedCompanyLtd 2022-08-01 2023-07-31 10567851 frs-bus:FilletedAccounts 2022-08-01 2023-07-31 10567851 frs-bus:SmallEntities 2022-08-01 2023-07-31 10567851 frs-bus:AuditExempt-NoAccountantsReport 2022-08-01 2023-07-31 10567851 frs-bus:SmallCompaniesRegimeForAccounts 2022-08-01 2023-07-31 10567851 frs-bus:Director1 2022-08-01 2023-07-31 10567851 frs-bus:Director1 2022-07-31 10567851 frs-bus:Director1 2023-07-31 10567851 frs-countries:EnglandWales 2022-08-01 2023-07-31 10567851 2021-07-31 10567851 2022-07-31 10567851 2021-08-01 2022-07-31 10567851 frs-core:CurrentFinancialInstruments 2022-07-31 10567851 frs-core:Non-currentFinancialInstruments 2022-07-31 10567851 frs-core:ShareCapital 2022-07-31 10567851 frs-core:RetainedEarningsAccumulatedLosses 2022-07-31
Registered number: 10567851
BYFORDS BUILDING REPAIRS LTD
Unaudited Financial Statements
For The Year Ended 31 July 2023
Devonports LAS Accountants Ltd
Cumberland House
24 - 28 Baxter Avenue
Southend on Sea
Essex
SS2 6HZ
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 10567851
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 238 297
238 297
CURRENT ASSETS
Stocks 5 9,812 10,823
Debtors 6 7,309 19,620
Cash at bank and in hand 21,394 12,615
38,515 43,058
Creditors: Amounts Falling Due Within One Year 7 (8,795 ) (9,234 )
NET CURRENT ASSETS (LIABILITIES) 29,720 33,824
TOTAL ASSETS LESS CURRENT LIABILITIES 29,958 34,121
Creditors: Amounts Falling Due After More Than One Year 8 (18,178 ) (33,178 )
NET ASSETS 11,780 943
CAPITAL AND RESERVES
Called up share capital 9 1,000 1,000
Profit and Loss Account 10,780 (57 )
SHAREHOLDERS' FUNDS 11,780 943
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For the year ending 31 July 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr M Byford
Director
25/04/2024
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
BYFORDS BUILDING REPAIRS LTD is a private company, limited by shares, incorporated in England & Wales, registered number 10567851 . The registered office is Cumberland House, 24 - 28 baxter Avenue, Southend on Sea, Essex, SS2 6HZ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25% reducing balance
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2022: 1)
1 1
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4. Tangible Assets
Plant & Machinery
£
Cost
As at 1 August 2022 441
As at 31 July 2023 441
Depreciation
As at 1 August 2022 144
Provided during the period 59
As at 31 July 2023 203
Net Book Value
As at 31 July 2023 238
As at 1 August 2022 297
5. Stocks
2023 2022
£ £
Work in progress 9,812 10,823
6. Debtors
2023 2022
£ £
Due within one year
Trade debtors - 10,065
Sundry - 2,300
VAT 1,831 2,092
Other taxes and social security 2,666 1,011
Director's loan account 2,812 4,152
7,309 19,620
7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors - 7,939
Bank loans and overdrafts 7,500 -
Accruals and deferred income 1,295 1,295
8,795 9,234
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8. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 18,178 33,178
18,178 33,178
9. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 1,000 1,000
10. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 August 2022 Amounts advanced Amounts repaid Amounts written off As at 31 July 2023
£ £ £ £ £
Mr Malcolm Byford 4,152 2,812 (4,152 ) - 2,812
The above loan is unsecured, interest free and repayable on demand.
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