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REGISTERED NUMBER: 01751338 (England and Wales)






D J Byers Security Solutions Limited

Financial Statements

for the Year Ended 29 November 2023






D J Byers Security Solutions Limited (Registered number: 01751338)

Contents of the Financial Statements
for the year ended 29 November 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


D J Byers Security Solutions Limited

Company Information
for the year ended 29 November 2023







DIRECTORS: Mr D J Byers
Mrs A Byers
Mr P J Byers





SECRETARY: Mrs A Byers





REGISTERED OFFICE: Presidian House
158 Leeds Road
Glasshoughton
Castleford
West Yorkshire
WF10 4PD





REGISTERED NUMBER: 01751338 (England and Wales)





ACCOUNTANTS: SMH Jolliffe Cork Ltd
Chartered Accountants
33 George Street
Wakefield
West Yorkshire
WF1 1LX

D J Byers Security Solutions Limited (Registered number: 01751338)

Balance Sheet
29 November 2023

2023 2022
Notes £ £ £ £
FIXED ASSETS
Intangible assets 4 4,084 5,118
Tangible assets 5 1,346,158 1,164,854
Investments 6 557,676 488,436
1,907,918 1,658,408

CURRENT ASSETS
Stocks 68,005 346,107
Debtors 7 903,944 395,034
Cash at bank and in hand 316,616 232,592
1,288,565 973,733
CREDITORS
Amounts falling due within one year 8 932,686 549,715
NET CURRENT ASSETS 355,879 424,018
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,263,797

2,082,426

CREDITORS
Amounts falling due after more than one
year

9

(301,850

)

(317,559

)

PROVISIONS FOR LIABILITIES (164,450 ) (102,848 )
NET ASSETS 1,797,497 1,662,019

D J Byers Security Solutions Limited (Registered number: 01751338)

Balance Sheet - continued
29 November 2023

2023 2022
Notes £ £ £ £

CAPITAL AND RESERVES
Called up share capital 11 100,000 100,000
Fair value reserve 12 52,016 1,812
Retained earnings 12 1,645,481 1,560,207
SHAREHOLDERS' FUNDS 1,797,497 1,662,019

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 November 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.

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 18 July 2024 and were signed on its behalf by:




Mr D J Byers - Director



Mrs A Byers - Director


D J Byers Security Solutions Limited (Registered number: 01751338)

Notes to the Financial Statements
for the year ended 29 November 2023


1. STATUTORY INFORMATION

D J Byers Security Solutions 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.

The presentation currency of the financial statements is the Pound Sterling (£).


All financial information presented has been rounded to the nearest £, unless otherwise stated.

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 as modified by the revaluation of certain assets.

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

Patents and trademarks
Patents and trademarks are stated at cost. Amortisation is provided at 10% on a straight line basis to write off the assets over their estimated useful life.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost
Improvements to property - 10% on reducing balance
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 10% on reducing balance
Motor vehicles - 20% on reducing balance
Computer equipment - at varying rates on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.


D J Byers Security Solutions Limited (Registered number: 01751338)

Notes to the Financial Statements - continued
for the year ended 29 November 2023


2. ACCOUNTING POLICIES - continued
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.

Pension costs and other post-retirement benefits
The company operates an auto-enrolment pension scheme on behalf of its employees and makes defined contributions into the scheme. Contributions payable to the pension scheme are charged to the profit and loss account in the period to which they relate.

Fixed asset investments
Other fixed asset investments are initially recorded at cost less impairment for any diminution in value which is expected to be permanent.

Where the fair value can be measured reliably without undue cost or effort then the fixed asset investment has been measured a fair value at each reporting date with changes in fair value recognised in the income statement.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2022 - 17 ) .

4. INTANGIBLE FIXED ASSETS
Patents and
trademarks
£
COST
At 30 November 2022 12,884
Additions 283
At 29 November 2023 13,167
AMORTISATION
At 30 November 2022 7,766
Amortisation for year 1,317
At 29 November 2023 9,083
NET BOOK VALUE
At 29 November 2023 4,084
At 29 November 2022 5,118

D J Byers Security Solutions Limited (Registered number: 01751338)

Notes to the Financial Statements - continued
for the year ended 29 November 2023


5. TANGIBLE FIXED ASSETS
Freehold Improvements Plant and
property to property machinery
£ £ £
COST
At 30 November 2022 626,498 265,127 93,311
Additions - - 46,683
Disposals - - -
At 29 November 2023 626,498 265,127 139,994
DEPRECIATION
At 30 November 2022 37,089 51,213 55,236
Charge for year 12,530 21,391 11,655
Eliminated on disposal - - -
At 29 November 2023 49,619 72,604 66,891
NET BOOK VALUE
At 29 November 2023 576,879 192,523 73,103
At 29 November 2022 589,409 213,914 38,075

Fixtures
and Motor Computer
fittings vehicles equipment Totals
£ £ £ £
COST
At 30 November 2022 154,090 336,524 32,689 1,508,239
Additions 18,783 294,057 9,735 369,258
Disposals - (112,393 ) - (112,393 )
At 29 November 2023 172,873 518,188 42,424 1,765,104
DEPRECIATION
At 30 November 2022 58,219 122,817 18,811 343,385
Charge for year 10,790 68,648 10,556 135,570
Eliminated on disposal - (60,009 ) - (60,009 )
At 29 November 2023 69,009 131,456 29,367 418,946
NET BOOK VALUE
At 29 November 2023 103,864 386,732 13,057 1,346,158
At 29 November 2022 95,871 213,707 13,878 1,164,854

D J Byers Security Solutions Limited (Registered number: 01751338)

Notes to the Financial Statements - continued
for the year ended 29 November 2023


6. FIXED ASSET INVESTMENTS
Other
investments
£
COST OR VALUATION
At 30 November 2022 488,436
Additions 61,530
Disposals (57,406 )
Revaluations 65,116
At 29 November 2023 557,676
NET BOOK VALUE
At 29 November 2023 557,676
At 29 November 2022 488,436

Fixed asset investments are stated at fair value at the balance sheet date. The original cost of the investments at 29 November 2023 were £490,749 (2022: £486,625).

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Trade debtors 844,104 349,752
Other debtors 20,580 366
Directors' current accounts 653 4,800
Prepayments and accrued income 38,607 40,116
903,944 395,034

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Bank loans and overdrafts 11,984 11,457
Hire purchase contracts 2,573 2,573
Trade creditors 488,055 201,418
Tax 50,181 61,829
Social security and other taxes 8,870 7,697
VAT 78,383 105,815
Other creditors 154,475 142,697
Directors' current accounts 100,572 1
Accrued expenses 37,593 16,228
932,686 549,715

D J Byers Security Solutions Limited (Registered number: 01751338)

Notes to the Financial Statements - continued
for the year ended 29 November 2023


9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£ £
Bank loans - 1-2 years 12,534 11,984
Bank loans - 2-5 years 41,165 39,357
Bank loans more 5 yr by instal 238,229 253,723
Hire purchase contracts 9,922 12,495
301,850 317,559

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 238,229 253,723

10. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£ £
Bank loans 303,912 316,521

The bank loan is secured by way of a legal mortgage over the Freehold property and fixed charge over the other fixed assets of the company.

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £ £
80,000 Ordinary £1 80,000 80,000
20,000 A Ordinary £1 20,000 20,000
100,000 100,000

D J Byers Security Solutions Limited (Registered number: 01751338)

Notes to the Financial Statements - continued
for the year ended 29 November 2023


12. RESERVES
Retained Fair value
earnings reserve Totals
£ £ £

At 30 November 2022 1,560,207 1,812 1,562,019
Profit for the year 345,478 345,478
Dividends (210,000 ) (210,000 )
Transfer of investment
revaluation (50,204 ) 50,204 -
At 29 November 2023 1,645,481 52,016 1,697,497

The transfer to the Fair value reserve represents the gain/(loss) on the revaluation of the investments less any increase/(decrease) in the provision for deferred tax associated with the revaluation.

13. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 29 November 2023 and 29 November 2022:

2023 2022
£ £
Mr P J Byers
Balance outstanding at start of year 4,800 19
Amounts advanced 653 4,800
Amounts repaid (4,800 ) (19 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 653 4,800

Mrs A Byers
Balance outstanding at start of year - 48
Amounts repaid - (48 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

Mr D J Byers
Balance outstanding at start of year - 162
Amounts repaid - (162 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

14. RELATED PARTY DISCLOSURES

During the year, total dividends of £210,000 (2022 - £236,000) were paid to the directors .