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REGISTERED NUMBER: 04870135 (England and Wales)















Financial Statements For The Year Ended 31st March 2024

for

D & E Billyeald Ltd

D & E Billyeald Ltd (Registered number: 04870135)






Contents of the Financial Statements
For The Year Ended 31st March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


D & E Billyeald Ltd

Company Information
For The Year Ended 31st March 2024







DIRECTOR: D J Billyeald





REGISTERED OFFICE: 64 High Street
Belper
Derbyshire
DE56 1GF





REGISTERED NUMBER: 04870135 (England and Wales)





ACCOUNTANTS: L& S Accountancy Services
64 High Street
Belper
Derbyshire
DE56 1GF

D & E Billyeald Ltd (Registered number: 04870135)

Balance Sheet
31st March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 90,404 90,404
Tangible assets 5 3,623 5,314
94,027 95,718

CURRENT ASSETS
Stocks 2,000 2,000
Debtors 6 10,851 19,220
Cash at bank and in hand 24,799 29,725
37,650 50,945
CREDITORS
Amounts falling due within one year 7 33,393 20,588
NET CURRENT ASSETS 4,257 30,357
TOTAL ASSETS LESS CURRENT
LIABILITIES

98,284

126,075

PROVISIONS FOR LIABILITIES 688 1,010
NET ASSETS 97,596 125,065

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 97,496 124,965
SHAREHOLDERS' FUNDS 97,596 125,065

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

D & E Billyeald Ltd (Registered number: 04870135)

Balance Sheet - continued
31st March 2024


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 director and authorised for issue on 5th September 2024 and were signed by:





D J Billyeald - Director


D & E Billyeald Ltd (Registered number: 04870135)

Notes to the Financial Statements
For The Year Ended 31st March 2024

1. STATUTORY INFORMATION

D & E Billyeald Ltd 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business, is not being written off.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on cost
Motor vehicles - 25% on cost
Computer equipment - 20% 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.

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.

D & E Billyeald Ltd (Registered number: 04870135)

Notes to the Financial Statements - continued
For The Year Ended 31st March 2024

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st April 2023
and 31st March 2024 90,404
NET BOOK VALUE
At 31st March 2024 90,404
At 31st March 2023 90,404

5. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1st April 2023
and 31st March 2024 12,088 13,295 1,057 26,440
DEPRECIATION
At 1st April 2023 11,688 8,447 991 21,126
Charge for year 300 1,325 66 1,691
At 31st March 2024 11,988 9,772 1,057 22,817
NET BOOK VALUE
At 31st March 2024 100 3,523 - 3,623
At 31st March 2023 400 4,848 66 5,314

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 3,700 3,700
Other debtors 33 6,908
VAT 1,788 2,792
Prepayments 5,330 5,820
10,851 19,220

D & E Billyeald Ltd (Registered number: 04870135)

Notes to the Financial Statements - continued
For The Year Ended 31st March 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 6,009 2,021
Social security and other taxes 440 693
Other Creditors - 259
Pension 47 94
Directors' loan accounts 23,064 13,703
Accrued expenses 3,833 3,818
33,393 20,588

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

At 31st March 2024 there was an amount owing by the company to its director, Mr. D. J. Billyeald of £23,064 (2023: £13,703) This loan is unsecured, interest free and has no fixed repayment terms.

9. ULTIMATE CONTROLLING PARTY

The company is controlled by Mr. D. J. Billyeald, the sole director by directly owning 100% of the ordinary issued share capital.