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REGISTERED NUMBER: 09123661 (England and Wales)










Unaudited Financial Statements for the Year Ended 31 July 2024

for

Boyle Highways Limited

Boyle Highways Limited (Registered number: 09123661)






Contents of the Financial Statements
for the Year Ended 31 July 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Boyle Highways Limited

Company Information
for the Year Ended 31 July 2024







DIRECTORS: Benjamin Boyle
Rebecca Fielder





REGISTERED OFFICE: 4 Capricorn Centre
Cranes Farm Road
Basildon
Essex
SS14 3JJ





REGISTERED NUMBER: 09123661 (England and Wales)





ACCOUNTANTS: Vellender Lewis Accountants Limited
4 Capricorn Centre
Cranes Farm Road
Basildon
Essex
SS14 3JJ

Boyle Highways Limited (Registered number: 09123661)

Statement of Financial Position
31 July 2024

31.7.24 31.7.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 126,519 38,711

CURRENT ASSETS
Stocks 484,158 368,216
Debtors 5 270,616 360,494
Cash at bank and in hand 4,017 141,983
758,791 870,693
CREDITORS
Amounts falling due within one year 6 376,826 551,980
NET CURRENT ASSETS 381,965 318,713
TOTAL ASSETS LESS CURRENT
LIABILITIES

508,484

357,424

CREDITORS
Amounts falling due after more than one
year

7

(151,509

)

(46,654

)

PROVISIONS FOR LIABILITIES (24,039 ) (7,355 )
NET ASSETS 332,936 303,415

CAPITAL AND RESERVES
Called up share capital 102 102
Retained earnings 332,834 303,313
SHAREHOLDERS' FUNDS 332,936 303,415

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2024 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.

Boyle Highways Limited (Registered number: 09123661)

Statement of Financial Position - continued
31 July 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 Board of Directors and authorised for issue on 6 January 2025 and were signed on its behalf by:





Benjamin Boyle - Director


Boyle Highways Limited (Registered number: 09123661)

Notes to the Financial Statements
for the Year Ended 31 July 2024

1. STATUTORY INFORMATION

Boyle Highways 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

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 9 (2023 - 10 ) .

Boyle Highways Limited (Registered number: 09123661)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 August 2023 52,495
Additions 110,134
At 31 July 2024 162,629
DEPRECIATION
At 1 August 2023 13,784
Charge for year 22,326
At 31 July 2024 36,110
NET BOOK VALUE
At 31 July 2024 126,519
At 31 July 2023 38,711

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Trade debtors 229,443 346,036
Amounts owed by group undertakings 18,000 12,000
Other debtors 23,173 2,458
270,616 360,494

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Bank loans and overdrafts 137,330 9,924
Hire purchase contracts 31,205 6,492
Trade creditors 7,150 -
Taxation and social security 189,822 162,278
Other creditors 11,319 373,286
376,826 551,980

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.7.24 31.7.23
£    £   
Bank loans 60,221 19,969
Hire purchase contracts 91,288 26,685
151,509 46,654