BOYD HYDRAULICS LIMITED

Company Registration Number:
SC222275 (Scotland)

Unaudited statutory accounts for the year ended 31 January 2024

Period of accounts

Start date: 01 February 2023

End date: 31 January 2024

BOYD HYDRAULICS LIMITED

Contents of the Financial Statements

for the Period Ended 31 January 2024

Company Information - 3
Report of the Directors - 4
Profit and Loss Account - 5
Balance sheet - 6
Additional notes - 8
Balance sheet notes - 11

BOYD HYDRAULICS LIMITED

Company Information

for the Period Ended 31 January 2024




Director: David W J Boyd
Registered office: 2
Wheatland
Pitmedden
Ellon
Aberdeenshire
AB41 7GG
Company Registration Number: SC222275 (Scotland)

BOYD HYDRAULICS LIMITED

Directors' Report Period Ended 31 January 2024

The directors present their report with the financial statements of the company for the period ended 31 January 2024

Directors

The directors shown below have held office during the whole of the period from 01 February 2023 to 31 January 2024
David W J Boyd

This report was approved by the board of directors on 28 November 2024
And Signed On Behalf Of The Board By:

Name: David W J Boyd
Status: Director

BOYD HYDRAULICS LIMITED

Profit and Loss Account

for the Period Ended 31 January 2024


Notes

2024
£

2023
£
Turnover 180,064 125,683
Cost of sales ( 95,427 ) ( 58,427 )
Gross Profit or (Loss) 84,637 67,256
Administrative Expenses ( 78,942 ) ( 79,872 )
Operating Profit or (Loss) 5,695 ( 12,616 )
Profit or (Loss) Before Tax 5,695 ( 12,616 )
Profit or (Loss) for Period 5,695 ( 12,616 )

The notes form part of these financial statements

BOYD HYDRAULICS LIMITED

Balance sheet

As at 31 January 2024


Notes

2024
£

2023
£
Fixed assets
Tangible assets: 4 20,232 30,939
Total fixed assets: 20,232 30,939
Current assets
Debtors: 5 68,955 73,175
Cash at bank and in hand: 31,861 22,786
Total current assets: 100,816 95,961
Creditors: amounts falling due within one year: 6 ( 63,583 ) ( 75,131 )
Net current assets (liabilities): 37,233 20,830
Total assets less current liabilities: 57,465 51,769
Total net assets (liabilities): 57,465 51,769

The notes form part of these financial statements

BOYD HYDRAULICS LIMITED

Balance sheet continued

As at 31 January 2024


Notes

2024
£

2023
£
Capital and reserves
Called up share capital: 1 1
Profit and loss account: 57,464 51,768
Shareholders funds: 57,465 51,769

For the year ending 31 January 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

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

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

This report was approved by the board of directors on 28 November 2024
And Signed On Behalf Of The Board By:

Name: David W J Boyd
Status: Director

The notes form part of these financial statements

BOYD HYDRAULICS LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

BOYD HYDRAULICS LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2024

  • 2. Employees


    2024

    2023
    Average number of employees during the period 0 1

BOYD HYDRAULICS LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2024

  • 3. Off balance sheet disclosure

    No

BOYD HYDRAULICS LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2024

4. Tangible assets

Plant & machinery Office equipment Motor vehicles Total
Cost £ £ £ £
At 01 February 2023 115,345 3,126 42,288 160,759
Additions - - 1,403 1,403
Disposals - - - -
Revaluations - - - -
Transfers - - - -
At 31 January 2024 115,345 3,126 43,691 162,162
Depreciation
At 01 February 2023 90,562 2,873 36,385 129,820
Charge for year 6,196 63 5,851 12,110
On disposals - - - -
Other adjustments - - - -
At 31 January 2024 96,758 2,936 42,236 141,930
Net book value
At 31 January 2024 18,587 190 1,455 20,232
At 31 January 2023 24,783 253 5,903 30,939

BOYD HYDRAULICS LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2024

5. Debtors


2024
£

2023
£
Trade debtors 68,955 73,175
Total 68,955 73,175

BOYD HYDRAULICS LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2024

6.Creditors: amounts falling due within one year note


2024
£

2023
£
Bank loans and overdrafts 63,583 75,131
Total 63,583 75,131