2023-02-01 NI604798 2024-01-31 NI604798 2023-02-01 2024-01-31 NI604798 2023-01-31 NI604798 2022-02-01 2023-01-31 NI604798 uk-core:WithinOneYear 2023-01-31 NI604798 uk-core:WithinOneYear 2024-01-31 NI604798 uk-core:AfterOneYear 2023-01-31 NI604798 uk-core:AfterOneYear 2024-01-31 NI604798 uk-core:ShareCapital 2024-01-31 NI604798 uk-core:ShareCapital 2023-01-31 NI604798 uk-core:RetainedEarningsAccumulatedLosses 2024-01-31 NI604798 uk-core:RetainedEarningsAccumulatedLosses 2023-01-31 NI604798 uk-bus:Director1 2023-02-01 2024-01-31 NI604798 uk-bus:Director2 2023-02-01 2024-01-31 NI604798 uk-core:Buildings uk-core:OwnedOrFreeholdAssets 2023-02-01 2024-01-31 NI604798 uk-core:VehiclesPlantMachinery 2023-02-01 2024-01-31 NI604798 uk-core:FurnitureFittingsToolsEquipment 2023-02-01 2024-01-31 NI604798 uk-core:FurnitureFittingsToolsEquipment 2023-01-31 NI604798 uk-core:VehiclesPlantMachinery 2023-01-31 NI604798 uk-core:Buildings uk-core:OwnedOrFreeholdAssets 2023-01-31 NI604798 uk-core:Buildings uk-core:OwnedOrFreeholdAssets 2024-01-31 NI604798 uk-core:VehiclesPlantMachinery 2024-01-31 NI604798 uk-core:FurnitureFittingsToolsEquipment 2024-01-31 NI604798 uk-core:WithinOneYear 2024-01-31 NI604798 uk-core:WithinOneYear 2023-01-31 iso4217:GBP xbrli:pure NI604798 uk-bus:AuditExemptWithAccountantsReport 2023-02-01 2024-01-31 NI604798 uk-bus:FRS102 2023-02-01 2024-01-31 NI604798 uk-bus:FilletedAccounts 2023-02-01 2024-01-31 NI604798 uk-bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31
Bryan Hynds Garden Machinery Limited
Registered Number:NI604798
For the year ended 31 January 2024
Northern Ireland
Unaudited Financial Statements
2
For the year ended 31 January 2024
Bryan Hynds Garden Machinery Limited
Contents Page
1
Statement of Financial Position
2 to 5
Notes to the Financial Statements
3
Registered Number :
NI604798
As at 31 January 2024
Bryan Hynds Garden Machinery Limited
Statement of Financial Position
£
£
2023
2024
Notes
Fixed assets
Property, plant and equipment
32,716
38,915
2
32,716
38,915
Current assets
Inventories
645,997
581,934
3
Trade and other receivables
16,028
9,504
4
21,666
Cash and cash equivalents
64,106
655,544
683,691
Trade and other payables: amounts falling due within one
year
(522,031)
(487,527)
5
161,660
168,017
Net current assets
Total assets less current liabilities
200,733
200,575
Trade and other payables: amounts falling due after more
than one year
(199,092)
(191,808)
6
(6,216)
(7,394)
Provisions for liabilities
2,709
Net assets/liabilities
(5,911)
Capital and reserves
Called up share capital
30,002
30,002
Retained earnings
(27,293)
(35,913)
2,709
(5,911)
Shareholders' funds
For the year ended 31 January 2024 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 in accordance with Section 476 of the Companies Act 2006
The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Mrs Royanne Hynds Director
Mr Bryan Hynds Director
These financial statements were approved and authorised for issue by the Board on 30 August 2024 and were signed by:
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4
Registered Number :
NI604798
For the year ended 31 January 2024
Bryan Hynds Garden Machinery Limited
Statement of Financial Position Continued
The notes form part of these financial statements
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5
For the year ended 31 January 2024
Bryan Hynds Garden Machinery Limited
Notes to the Financial Statements
Statutory Information
Bryan Hynds Garden Machinery Limited is a private limited company, limited by shares, domiciled in Northern Ireland,
registration number NI604798.
Registered address:
32 Dobbin Road
ARMAGH
ARMAGH
BT62 3EY
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Property, plant and equipment
Tangible fixed assets The cost of tangible fixed assets is their purchase cost, together with any incidental expenses of acquisition. Depreciation is calculated so as to write off the cost, or valuation of tangible fixed assets, over the expected useful economic lives of the assets concerned. The principal annual rates used for this purpose are: Plant and Machinery - 20% reducing balance basis Fixtures and Fittings - 10% reducing balance basis Motor Vehicles - 20% reducing balance basis
Plant and Machinery
20% Reducing balance
20% Reducing balance
Motor Vehicles
10% Reducing balance
Furniture and Fittings
Government grants
Government grants received are credited to deferred income. Grants towards capital expenditure are released to the profit and loss account over the expected useful life of the assets. Grants received towards revenue expenditure are released to the profit and loss account as the related expenditure is incurred.
Inventories
Inventories are value at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.
Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme for the benefit of its directors/and employees. Contributions payable are charged to the profit and loss account in the period in which they are payable.
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6
For the year ended 31 January 2024
Bryan Hynds Garden Machinery Limited
Notes to the Financial Statements Continued
2. Property, plant and equipment
Total
Furniture and
Fittings
Motor Vehicles
Plant and
Machinery
£
£
£
£
Cost or
valuation
At 01 February 2023
132,223
57,841
64,217
10,165
At 31 January 2024
10,165
64,217
57,841
132,223
Provision for depreciation and impairment
At 01 February 2023
93,308
42,001
42,868
8,439
Charge for year
6,199
1,584
4,270
345
At 31 January 2024
99,507
43,585
47,138
8,784
At 31 January 2024
Net book value
1,381
17,079
14,256
32,716
At 31 January 2023
1,726
21,349
15,840
38,915
3. Inventories
2023
2024
£
£
Stocks
581,934
645,997
4. Trade and other receivables
2023
2024
£
£
Trade debtors
9,504
15,062
Other debtors
-
966
16,028
9,504
5. Trade and other payables: amounts falling due within one year
2023
2024
£
£
Bank loans and overdraft
(16,764)
(6,906)
Trade creditors
456,474
484,238
Taxation and social security
28,597
24,963
Other creditors
19,220
19,736
487,527
522,031
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7
For the year ended 31 January 2024
Bryan Hynds Garden Machinery Limited
Notes to the Financial Statements Continued
6. Trade and other payables: amounts falling due after more than one year
2023
2024
£
£
Other creditors
191,808
199,092
7. Average number of persons employed
During the year the average number of employees was 9 (2023 : 9)
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