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REGISTERED NUMBER: 04206068 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2023

FOR

BYWOOD ASPHALT LIMITED

BYWOOD ASPHALT LIMITED (REGISTERED NUMBER: 04206068)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 7

BYWOOD ASPHALT LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2023







DIRECTORS: A Deeley
L A Deeley





SECRETARY: L A Deeley





REGISTERED OFFICE: Bywood
30 Brackendale Close
Camberley
Surrey
GU15 1HP





REGISTERED NUMBER: 04206068 (England and Wales)





ACCOUNTANTS: Kevin Kearney Associates
Chartered Accountants
Suite 3, Haland House
66 York Road
Weybridge
Surrey
KT13 9DY

BYWOOD ASPHALT LIMITED (REGISTERED NUMBER: 04206068)

BALANCE SHEET
30 NOVEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,712 1,575

CURRENT ASSETS
Debtors 5 657,345 691,154
Cash at bank 50,276 80,178
707,621 771,332
CREDITORS
Amounts falling due within one year 6 142,304 193,686
NET CURRENT ASSETS 565,317 577,646
TOTAL ASSETS LESS CURRENT
LIABILITIES

567,029

579,221

CREDITORS
Amounts falling due after more than one
year

7

(15,833

)

(21,490

)

PROVISIONS FOR LIABILITIES (325 ) (299 )
NET ASSETS 550,871 557,432

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 550,771 557,332
SHAREHOLDERS' FUNDS 550,871 557,432

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 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.

BYWOOD ASPHALT LIMITED (REGISTERED NUMBER: 04206068)

BALANCE SHEET - continued
30 NOVEMBER 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 30 August 2024 and were signed on its behalf by:





A Deeley - Director


BYWOOD ASPHALT LIMITED (REGISTERED NUMBER: 04206068)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023


1. STATUTORY INFORMATION

Bywood Asphalt 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.

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.

Turnover
Turnover represents the net invoiced value of goods and services excluding VAT.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

BYWOOD ASPHALT LIMITED (REGISTERED NUMBER: 04206068)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 December 2022 27,228
Additions 958
At 30 November 2023 28,186
DEPRECIATION
At 1 December 2022 25,653
Charge for year 821
At 30 November 2023 26,474
NET BOOK VALUE
At 30 November 2023 1,712
At 30 November 2022 1,575

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 134,163 72,652
Other debtors 523,182 618,502
657,345 691,154

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 42,327 49,655
Taxation and social security 28,866 12,277
Other creditors 61,111 121,754
142,304 193,686

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 15,833 21,490

BYWOOD ASPHALT LIMITED (REGISTERED NUMBER: 04206068)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023


8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 November 2023 and 30 November 2022:

2023 2022
£    £   
A Deeley
Balance outstanding at start of year (77,388 ) (9,023 )
Amounts advanced 144,478 50,271
Amounts repaid (67,450 ) (118,636 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (360 ) (77,388 )

9. ULTIMATE CONTROLLING PARTY



The company is jointly controlled by the directors, A and L Deeley, who each own 50% of the issued share capital.

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
BYWOOD ASPHALT LIMITED


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Bywood Asphalt Limited for the year ended 30 November 2023 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Bywood Asphalt Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Bywood Asphalt Limited and state those matters that we have agreed to state to the Board of Directors of Bywood Asphalt Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Bywood Asphalt Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Bywood Asphalt Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Bywood Asphalt Limited. You consider that Bywood Asphalt Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Bywood Asphalt Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Kevin Kearney Associates
Chartered Accountants
Suite 3, Haland House
66 York Road
Weybridge
Surrey
KT13 9DY


30 August 2024