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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
Page
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Byeway Logistics Ltd Company Information for the year ended 30 April 2024
Director
Rosemary Milne
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
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Byeway Logistics Ltd Statement of financial position as at 30 April 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
140,985 
1,425 
Current assets
Debtors
253,009 
96,982 
Cash at bank and in hand
34,837 
19,017 
287,846 
115,999 
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)
Capital and reserves
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
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Byeway Logistics Ltd Notes to the Accounts for the year ended 30 April 2024
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Deferred taxation
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.
Pension costs
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.
Leased assets
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
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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 
Depreciation
At 1 May 2023
405 
- 
- 
405 
Charge for the year
214 
17,156 
43 
17,413 
At 30 April 2024
619 
17,156 
43 
17,818 
Net book value
At 30 April 2024
1,211 
136,665 
3,109 
140,985 
At 30 April 2023
1,425 
- 
- 
1,425 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
- 
10,543 
Trade debtors
228,676 
62,106 
Accrued income and prepayments
24,333 
24,333 
253,009 
96,982 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
4,012 
4,012 
VAT
55,645 
- 
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 
Accruals
- 
2,400 
422,941 
207,475 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
16,666 
19,690 
Obligations under finance leases and hire purchase contracts
70,369 
- 
87,035 
19,690 
8
Average number of employees
During the year the average number of employees was 6 (2023: 3).
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