Bryan Hynds Garden Machinery Limited |
Registered Number:NI604798 |
For the year ended 31 January 2024
Northern Ireland
Unaudited Financial Statements
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
Bryan Hynds Garden Machinery Limited
Statement of Financial Position
2023
2024
Property, plant and equipment |
32,716
38,915
2
32,716
38,915
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)
30,002
30,002
(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 |
These financial statements were approved and authorised for issue by the Board on 30 August 2024 and were signed by: |
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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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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. |
32 Dobbin Road
ARMAGH
ARMAGH
BT62 3EY
The presentation currency is £ sterling. |
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
Motor Vehicles
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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For the year ended 31 January 2024
Bryan Hynds Garden Machinery Limited
Notes to the Financial Statements Continued
2. Property, plant and equipment |
Motor Vehicles
132,223
57,841
64,217
10,165
10,165
64,217
57,841
132,223
Provision for depreciation and impairment |
93,308
42,001
42,868
8,439
Charge for year
6,199
1,584
4,270
345
99,507
43,585
47,138
8,784
1,381
17,079
14,256
32,716
1,726
21,349
15,840
38,915
2023
2024
581,934
645,997
4. Trade and other receivables |
2023
2024
9,504
15,062
-
966
16,028
9,504
5. Trade and other payables: amounts falling due within one year |
2023
2024
(16,764)
(6,906)
456,474
484,238
Taxation and social security |
28,597
24,963
19,220
19,736
487,527
522,031
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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
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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