Company Registration No. 13269832 (England and Wales)
Byeway Logistics Ltd
Unaudited accounts
for the year ended 30 April 2024
Byeway Logistics Ltd
Unaudited accounts
Contents
Byeway Logistics Ltd
Company Information
for the year ended 30 April 2024
Company Number
13269832 (England and Wales)
Registered Office
Marconi Court Brunel Road
Earlstrees Industrial Estate
Corby
NN17 4LT
England
Accountants
Donna Urquhart - ITStorm Ltd
10 Earlstrees Court
Earlstrees Industrial Estate
CORBY
Northants
NN17 4AX
Byeway Logistics Ltd
Statement of financial position
as at 30 April 2024
Tangible assets
140,985
1,425
Cash at bank and in hand
34,837
19,017
Creditors: amounts falling due within one year
(422,941)
(207,475)
Net current liabilities
(135,095)
(91,476)
Total assets less current liabilities
5,890
(90,051)
Creditors: amounts falling due after more than one year
(87,035)
(19,690)
Net liabilities
(81,145)
(109,741)
Called up share capital
2
2
Profit and loss account
(81,147)
(109,743)
Shareholders' funds
(81,145)
(109,741)
For the year ending 30 April 2024 the company was entitled to exemption from audit 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 director acknowledges her 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 31 January 2025 and were signed on its behalf by
Rosemary Milne
Director
Company Registration No. 13269832
Byeway Logistics Ltd
Notes to the Accounts
for the year ended 30 April 2024
Byeway Logistics Ltd is a private company, limited by shares, registered in England and Wales, registration number 13269832. The registered office is Marconi Court Brunel Road, Earlstrees Industrial Estate, Corby, NN17 4LT, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
15% reducing balance
Motor vehicles
25% reducing balance
Computer equipment
33% reducing balance
Byeway Logistics Ltd
Notes to the Accounts
for the year ended 30 April 2024
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 May 2023
1,830
-
-
1,830
Additions
-
153,821
3,152
156,973
At 30 April 2024
1,830
153,821
3,152
158,803
Charge for the year
214
17,156
43
17,413
At 30 April 2024
619
17,156
43
17,818
At 30 April 2024
1,211
136,665
3,109
140,985
At 30 April 2023
1,425
-
-
1,425
Amounts falling due within one year
Trade debtors
228,676
62,106
Accrued income and prepayments
24,333
24,333
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
4,012
4,012
Obligations under finance leases and hire purchase contracts
53,448
-
Trade creditors
53,754
85,643
Taxes and social security
3,701
411
Other creditors
152,580
71,266
Loans from directors
99,801
43,743
7
Creditors: amounts falling due after more than one year
2024
2023
Obligations under finance leases and hire purchase contracts
70,369
-
8
Average number of employees
During the year the average number of employees was 6 (2023: 3).