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REGISTERED NUMBER: 04975983 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

B & Y ENGINEERING LIMITED

B & Y ENGINEERING LIMITED (REGISTERED NUMBER: 04975983)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


B & Y ENGINEERING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: H G Buckle
Mrs J T Buckle





SECRETARY: Mrs J T Buckle





REGISTERED OFFICE: 45 Pinewood
Somerton
Somerset
TA11 6JR





REGISTERED NUMBER: 04975983 (England and Wales)





ACCOUNTANTS: Andrew Cross & Co.
Chartered Certified Accountants
6 Green Lane Business Park
238 Green Lane
New Eltham
London
SE9 3TL

B & Y ENGINEERING LIMITED (REGISTERED NUMBER: 04975983)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 30,000 30,000
Tangible assets 5 100,366 90,331
130,366 120,331

CURRENT ASSETS
Debtors 6 22,433 74,955
Cash at bank 125,198 112,034
147,631 186,989
CREDITORS
Amounts falling due within one year 7 218,662 243,211
NET CURRENT LIABILITIES (71,031 ) (56,222 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

59,335

64,109

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 9 59,235 64,009
SHAREHOLDERS' FUNDS 59,335 64,109

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

B & Y ENGINEERING LIMITED (REGISTERED NUMBER: 04975983)

BALANCE SHEET - continued
31 DECEMBER 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 14 August 2024 and were signed on its behalf by:





H G Buckle - Director


B & Y ENGINEERING LIMITED (REGISTERED NUMBER: 04975983)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1. STATUTORY INFORMATION

B & Y Engineering 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
It is the directors opinion that the goodwill value is currently in excess of the published value.

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.
Plant and machinery - 25% on reducing balance

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 5 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2023
and 31 December 2023 30,000
NET BOOK VALUE
At 31 December 2023 30,000
At 31 December 2022 30,000

B & Y ENGINEERING LIMITED (REGISTERED NUMBER: 04975983)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

5. TANGIBLE FIXED ASSETS
Fixtures
Long Plant and and
leasehold machinery fittings
£    £    £   
COST
At 1 January 2023 75,690 43,192 804
Additions - - -
Disposals - - -
At 31 December 2023 75,690 43,192 804
DEPRECIATION
At 1 January 2023 - 38,131 804
Charge for year - 1,265 -
Eliminated on disposal - - -
At 31 December 2023 - 39,396 804
NET BOOK VALUE
At 31 December 2023 75,690 3,796 -
At 31 December 2022 75,690 5,061 -

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 January 2023 23,495 725 143,906
Additions 23,407 - 23,407
Disposals (12,000 ) - (12,000 )
At 31 December 2023 34,902 725 155,313
DEPRECIATION
At 1 January 2023 14,221 419 53,575
Charge for year 6,969 76 8,310
Eliminated on disposal (6,938 ) - (6,938 )
At 31 December 2023 14,252 495 54,947
NET BOOK VALUE
At 31 December 2023 20,650 230 100,366
At 31 December 2022 9,274 306 90,331

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 21,632 74,955
Other debtors 801 -
22,433 74,955

B & Y ENGINEERING LIMITED (REGISTERED NUMBER: 04975983)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 1,333 11,463
Tax 394 397
VAT 2,364 7,263
Directors' current accounts 212,171 221,658
Accrued expenses 2,400 2,430
218,662 243,211

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100

9. RESERVES
Retained
earnings
£   

At 1 January 2023 64,009
Deficit for the year (4,774 )
At 31 December 2023 59,235