Bayston (Yorkshire) Limited 09733251 false 2023-01-01 2024-03-31 2024-03-31 The principal activity of the company is Production of electricity Digita Accounts Production Advanced 6.30.9574.0 true 09733251 2023-01-01 2024-03-31 09733251 2024-03-31 09733251 core:CurrentFinancialInstruments 2024-03-31 09733251 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 09733251 core:Non-currentFinancialInstruments 2024-03-31 09733251 core:Non-currentFinancialInstruments core:AfterOneYear 2024-03-31 09733251 core:PlantMachinery 2024-03-31 09733251 bus:SmallEntities 2023-01-01 2024-03-31 09733251 bus:AuditExemptWithAccountantsReport 2023-01-01 2024-03-31 09733251 bus:FullAccounts 2023-01-01 2024-03-31 09733251 bus:SmallCompaniesRegimeForAccounts 2023-01-01 2024-03-31 09733251 bus:RegisteredOffice 2023-01-01 2024-03-31 09733251 bus:Director1 2023-01-01 2024-03-31 09733251 bus:PrivateLimitedCompanyLtd 2023-01-01 2024-03-31 09733251 core:PlantMachinery 2023-01-01 2024-03-31 09733251 core:OtherRelatedParties 2023-01-01 2024-03-31 09733251 1 2023-01-01 2024-03-31 09733251 countries:EnglandWales 2023-01-01 2024-03-31 09733251 2022-12-31 09733251 core:PlantMachinery 2022-12-31 09733251 2022-01-01 2022-12-31 09733251 2022-12-31 09733251 core:CurrentFinancialInstruments 2022-12-31 09733251 core:CurrentFinancialInstruments core:WithinOneYear 2022-12-31 09733251 core:Non-currentFinancialInstruments 2022-12-31 09733251 core:Non-currentFinancialInstruments core:AfterOneYear 2022-12-31 09733251 core:PlantMachinery 2022-12-31 iso4217:GBP xbrli:pure

Registration number: 09733251

Bayston (Yorkshire) Limited

Unaudited Filleted Financial Statements

for the Period from 1 January 2023 to 31 March 2024

 

Bayston (Yorkshire) Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 7

 

Bayston (Yorkshire) Limited

Company Information

Director

J M Bayston

Registered office

Thornton House
Broad Lane
Gilberdyke
East Yorkshire
HU15 2TB

 

Bayston (Yorkshire) Limited

(Registration number: 09733251)
Balance Sheet as at 31 March 2024

Note

2024
£

2022
£

Fixed assets

 

Tangible assets

4

156,597

173,251

Current assets

 

Debtors

5

5,146

1,482

Cash at bank and in hand

 

12,271

30,570

 

17,417

32,052

Creditors: Amounts falling due within one year

6

(87,376)

(87,510)

Net current liabilities

 

(69,959)

(55,458)

Total assets less current liabilities

 

86,638

117,793

Creditors: Amounts falling due after more than one year

6

(27,511)

(83,951)

Provisions for liabilities

(16,584)

(10,070)

Net assets

 

42,543

23,772

Capital and reserves

 

Called up share capital

100

100

Retained earnings

42,443

23,672

Shareholders' funds

 

42,543

23,772

For the financial period ending 31 March 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the Company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The Director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the Director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 23 August 2024
 

.........................................
J M Bayston
Director

 

Bayston (Yorkshire) Limited

Notes to the Unaudited Financial Statements for the Period from 1 January 2023 to 31 March 2024

1

General information

The company is a private company limited by share capital incorporated in England and Wales and the company registration number is 09733251.

The address of its registered office is:
Thornton House
Broad Lane
Gilberdyke
East Yorkshire
HU15 2TB

These financial statements were authorised for issue by the director on 23 August 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are presented in sterling and are rounded to the nearest pound.

Disclosure of long or short period

The financials statements cover a period of 15 months, therefore the figures are not entirely comparable.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of energy in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Bayston (Yorkshire) Limited

Notes to the Unaudited Financial Statements for the Period from 1 January 2023 to 31 March 2024

Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements. 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.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date that are expected to apply to the reversal of timing differences. Deferred tax on revalued non-depreciable tangible fixed assets and investment properties is measured using the rates and allowances that apply to the sale of the asset.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and machinery

5% Straight Line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for services provided in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the Company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the Company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

 

Bayston (Yorkshire) Limited

Notes to the Unaudited Financial Statements for the Period from 1 January 2023 to 31 March 2024

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the Company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the Company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the Company (including the Director) during the period, was 1 (2022 - 1).

4

Tangible assets

Plant and machinery
£

Total
£

Cost or valuation

At 1 January 2023

266,465

266,465

At 31 March 2024

266,465

266,465

Depreciation

At 1 January 2023

93,214

93,214

Charge for the period

16,654

16,654

At 31 March 2024

109,868

109,868

Carrying amount

At 31 March 2024

156,597

156,597

At 31 December 2022

173,251

173,251

 

Bayston (Yorkshire) Limited

Notes to the Unaudited Financial Statements for the Period from 1 January 2023 to 31 March 2024

5

Debtors

2024
£

2022
£

Trade debtors

1,868

974

Prepayments

3,278

508

5,146

1,482

6

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2022
£

Due within one year

 

Loans and borrowings

7

85,097

84,649

Trade creditors

 

-

432

Taxation and social security

 

504

727

Accruals and deferred income

 

1,775

1,702

 

87,376

87,510

Creditors: amounts falling due after more than one year

Note

2024
£

2022
£

Due after one year

 

Loans and borrowings

7

27,511

83,951

7

Loans and borrowings

2024
£

2022
£

Current loans and borrowings

Bank borrowings

46,973

46,974

Other borrowings

38,124

37,675

85,097

84,649

2024
£

2022
£

Non-current loans and borrowings

Bank borrowings

27,511

83,951

The bank borrowings are secured. HSBC have a fixed and floating charge over all assets of the company.

Other borrowings include unsecured amounts due to other related parties.

 

Bayston (Yorkshire) Limited

Notes to the Unaudited Financial Statements for the Period from 1 January 2023 to 31 March 2024

8

Related party transactions

Other transactions with the Director

At the year end, the amount due to the Director was £Nil (2022: £662). The amount is unsecured, interest-free and repayable on demand.

Summary of transactions with other related parties

R & A Bayston Limited - a company controlled by J M Bayston.

At the year end, the total amount due to R&A Bayston Limited was £36,803 (2022: £36,039). The amount is unsecured and repayable on demand. Interest accrues at a rate of 3% per annum. Sales in the year to R&A Bayston Limited amounted to £6,916 (2022: £6,729).