Company registration number 12461151 (England and Wales)
BYE BYE HOUSE LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024
PAGES FOR FILING WITH REGISTRAR
BYE BYE HOUSE LTD
COMPANY INFORMATION
Directors
P J Brockley
Mrs G Shipley
Company number
12461151
Registered office
St George's House
19 Church Street
Uttoxeter
ST14 8AG
Accountants
HSKS Greenhalgh Ltd
St George's House
19 Church Street
Uttoxeter
ST14 8AG
Business address
4 Whittinglands Close
Chellaston
Derby
DE73 6WG
BYE BYE HOUSE LTD
CONTENTS
Page
Accountants' report
1
Statement of financial position
2 - 3
Notes to the financial statements
4 - 6
BYE BYE HOUSE LTD
ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF BYE BYE HOUSE LTD FOR THE YEAR ENDED 29 FEBRUARY 2024
- 1 -

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Bye Bye House Ltd for the year ended 29 February 2024 which comprise, the statement of financial position and the related notes from the company’s accounting records and from information and explanations you have given us.

 

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com/regulation.

This report is made solely to the board of directors of Bye Bye House Ltd, as a body, in accordance with the terms of our engagement letter dated 6 April 2021. Our work has been undertaken solely to prepare for your approval the financial statements of Bye Bye House Ltd and state those matters that we have agreed to state to the board of directors of Bye Bye House Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Bye Bye House Ltd and its board of directors as a body, for our work or for this report.

It is your duty to ensure that Bye Bye House Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Bye Bye House Ltd. You consider that Bye Bye House Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Bye Bye House Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

HSKS Greenhalgh Ltd
18 November 2024
Chartered Accountants
St George's House
19 Church Street
Uttoxeter
ST14 8AG
BYE BYE HOUSE LTD
STATEMENT OF FINANCIAL POSITION
AS AT
29 FEBRUARY 2024
29 February 2024
- 2 -
29 February 2024
28 February 2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
-
0
15
Current assets
Debtors
33,433
35,331
Cash at bank and in hand
3
96,722
33,436
132,053
Creditors: amounts falling due within one year
(14,364)
(102,235)
Net current assets
19,072
29,818
Total assets less current liabilities
19,072
29,833
Creditors: amounts falling due after more than one year
Loans and overdrafts
34,535
37,362
(34,535)
(37,362)
Net liabilities
(15,463)
(7,529)
Capital and reserves
Called up share capital
4
100
100
Profit and loss reserves
(15,563)
(7,629)
Total equity
(15,463)
(7,529)

In accordance with section 444 of the Companies Act 2006, all of the members of the company have consented to the preparation of abridged financial statements pursuant to paragraph 1A of Schedule 1 to the Small Companies and Groups (Accounts and Directors’ Report) Regulations (SI 2008/409)(b).

The directors of the company have elected not to include a copy of the income statement within the financial statements.true

For the financial year ended 29 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

BYE BYE HOUSE LTD
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT
29 FEBRUARY 2024
29 February 2024
- 3 -
The financial statements were approved by the board of directors and authorised for issue on 18 November 2024 and are signed on its behalf by:
P J Brockley
Director
Company registration number 12461151 (England and Wales)
BYE BYE HOUSE LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024
- 4 -
1
Accounting policies
Company information

Bye Bye House Ltd is a private company limited by shares incorporated in England and Wales. The registered office is St George's House, 19 Church Street, Uttoxeter, ST14 8AG.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

1.2
Going concern

For the year ended 28th February 2023 the company made an operating loss of £7,933 and had net liabilities of £15,463. The company is therefore dependant upon the continued support of its bankers and creditors in order to meet its obligations.

 

In the opinion of the directors, the company will have adequate cash resources available to finance its activities and other obligations during the course of the twelve months from the date of approval of these financial statements. It is on this basis that the directors consider it appropriate to prepare the financial statements on a going concern basis.

1.3
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

 

When cash inflows are deferred and represent a financing arrangement, the fair value of the consideration is the present value of the future receipts. The difference between the fair value of the consideration and the nominal amount received is recognised as interest income.

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Computers
3 years straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.5
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

BYE BYE HOUSE LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 29 FEBRUARY 2024
1
Accounting policies
(Continued)
- 5 -
Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

 

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the income statement, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.6

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

 

Stocks held for distribution at no or nominal consideration are measured at the lower of cost and replacement cost, adjusted where applicable for any loss of service potential.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
2
2
BYE BYE HOUSE LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 29 FEBRUARY 2024
- 6 -
3
Tangible fixed assets
Computers
£
Cost
At 1 March 2023 and 29 February 2024
1,485
Depreciation and impairment
At 1 March 2023
1,470
Depreciation charged in the year
15
At 29 February 2024
1,485
Carrying amount
At 29 February 2024
-
0
At 28 February 2023
15
4
Called up share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary A shares of £1 each
50
50
50
50
Ordinary B shares of £1 each
50
50
50
50
100
100
100
100
5
Director's advances, credits and guarantees

The amounts owed to the company by the directors are shown within debtors. The company charges interest on overdrawn directors current accounts at HM Revenue & Customs official rate interest. The amounts owed from the company to the directors are shown within creditors.

2024-02-292023-03-01false18 November 2024CCH SoftwareCCH Accounts Production 2024.210No description of principal activityP J BrockleyMrs G Shipleyfalsefalse124611512023-03-012024-02-2912461151bus:Director12023-03-012024-02-2912461151bus:Director22023-03-012024-02-2912461151bus:RegisteredOffice2023-03-012024-02-29124611512024-02-29124611512023-02-2812461151core:ComputerEquipment2024-02-2912461151core:ComputerEquipment2023-02-2812461151core:CurrentFinancialInstrumentscore:WithinOneYear2024-02-2912461151core:CurrentFinancialInstrumentscore:WithinOneYear2023-02-2812461151core:Non-currentFinancialInstruments2024-02-2912461151core:Non-currentFinancialInstruments2023-02-2812461151core:ShareCapital2024-02-2912461151core:ShareCapital2023-02-2812461151core:RetainedEarningsAccumulatedLosses2024-02-2912461151core:RetainedEarningsAccumulatedLosses2023-02-2812461151core:ShareCapitalOrdinaryShares2024-02-2912461151core:ShareCapitalOrdinaryShares2023-02-2812461151core:ComputerEquipment2023-03-012024-02-29124611512022-03-012023-02-2812461151core:ComputerEquipment2023-02-2812461151bus:PrivateLimitedCompanyLtd2023-03-012024-02-2912461151bus:SmallCompaniesRegimeForAccounts2023-03-012024-02-2912461151bus:FRS1022023-03-012024-02-2912461151bus:AuditExemptWithAccountantsReport2023-03-012024-02-2912461151bus:FullAccounts2023-03-012024-02-29xbrli:purexbrli:sharesiso4217:GBP