BrightAccountsProduction v1.0.0 v1.0.0 2023-04-01 The company was not dormant during the period The company was trading for the entire period Unaudited Accounts FRS 105 Accounts The principal activity of the company is the retail of farm machinery. 28 January 2025 2 2 NI617716 2024-03-31 NI617716 2023-03-31 NI617716 2022-03-31 NI617716 2023-04-01 2024-03-31 NI617716 2022-04-01 2023-03-31 NI617716 uk-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 NI617716 uk-curr:PoundSterling 2023-04-01 2024-03-31 NI617716 uk-bus:FullAccounts 2023-04-01 2024-03-31 NI617716 uk-bus:Director1 2023-04-01 2024-03-31 NI617716 uk-bus:RegisteredOffice 2023-04-01 2024-03-31 NI617716 uk-bus:Agent1 2023-04-01 2024-03-31 NI617716 uk-core:CapitalReserve 2024-03-31 NI617716 uk-core:CapitalReserve 2023-03-31 NI617716 2023-04-01 2024-03-31 NI617716 uk-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 NI617716 uk-bus:Micro-entities 2023-04-01 2024-03-31 xbrli:pure iso4217:GBP xbrli:shares
 
 
 
 
 
 
 
 
 
 
 
P Byrne Tractors Ltd
 
Director's Report and Unaudited Financial Statements
 
for the financial year ended 31 March 2024



P Byrne Tractors Ltd
DIRECTOR AND OTHER INFORMATION

 
Director Mr. Patrick Byrne
 
 
Company Registration Number NI617716
 
 
Registered Office and Business Address 39 Derrycraw Road
Newry
Co. Down
BT34 1RG
Northern Ireland
 
 
Accountants John MacMahon & Co
Chartered Accountants
112 Camlough Road
Newry
Co. Down
BT35 7EE
Northern Ireland
 
 
Bankers Bank of Ireland
  12 Trevor Hill
  Newry
  Co. Down
  BT34 IDN
  Northern Ireland



P Byrne Tractors Ltd
DIRECTOR'S REPORT
for the financial year ended 31 March 2024

 
The director presents his report and the unaudited financial statements for the financial year ended 31 March 2024.
 
Principal Activity
The principal activity of the company is the retail of farm machinery.
     
Results and Dividends
The profit for the financial year after providing for depreciation and taxation amounted to £26,500 (2023 - £18,824).
     
Dividends of £20,000 were paid to the company director in the year ended 31st March 2024.
     
Director
The director who served during the financial year is as follows:
     
Mr. Patrick Byrne
     
There were no changes in shareholdings between 31 March 2024 and the date of signing the financial statements.
     
Statement of director's Responsibilities and Declaration on Unaudited Financial Statements
     
General responsibilities
The director is responsible for preparing the Director's Report and the financial statements in accordance with applicable law and regulations.
     
Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law) including FRS 105 "The Financial Reporting Standard for Micro-Entities applicable in the UK and Republic of Ireland". Under company law the director must not approve the financial statements unless he is satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period.

In preparing these financial statements, the director is required to:
- select suitable accounting policies and apply them consistently;
- make judgements and accounting estimates that are reasonable and prudent;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
     
The director is responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable him to ensure that the financial statements comply with the Companies Act 2006. He is also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
     
Director's declaration on unaudited financial statements
In relation to the financial statements comprising the Director's Report, Profit and Loss Account, the Balance Sheet and the related notes:
     
The director approves these financial statements and confirms that he is responsible for them, including selecting the appropriate accounting policies, applying them consistently and making, on a reasonable and prudent basis, the judgements underlying them. They have been prepared on the going concern basis on the grounds that the company will continue in business.
     
The director confirms that he has made available all the company's accounting records and provided all the information, books and documents necessary for the compilation of the financial statements.
     
Special provisions relating to small companies
The above report has been prepared in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006.
     
     
On behalf of the board
     
     
___________________________
Mr. Patrick Byrne
Director
     
28 January 2025



P Byrne Tractors Ltd
PROFIT AND LOSS ACCOUNT
for the financial year ended 31 March 2024
2024 2023
£ £

Turnover 400,099 431,357
Cost of raw materials and consumables (308,410) (370,579)
Staff costs (20,643) (29,021)
Depreciation and other amounts written off assets (17,443) (16,785)
Other charges (17,979) 3,852
Tax (9,124) -
───────── ─────────
Profit 26,500 18,824
═════════ ═════════



P Byrne Tractors Ltd
Company Registration Number: NI617716
BALANCE SHEET
as at 31 March 2024

    2024   2023
  £   £
 
Fixed Assets 82,217   99,660
  ─────────   ─────────
Current assets 215,117   247,369
Creditors: amounts falling due within one year (81,168)   (101,875)
  ─────────   ─────────
Net Current Assets 133,949   145,494
  ─────────   ─────────
Total Assets less Current Liabilities 216,166   245,154
Creditors: amounts falling due after more than one year (11,786)   (23,274)
Accruals and deferred income (4,200)   (28,200)
  ─────────   ─────────
Net Assets 200,180   193,680
  ═════════   ═════════
 
Capital and Reserves 200,180   193,680
  ═════════   ═════════
 
Notes to the Financial statements
   
1. General Information
 
P Byrne Tractors Ltd is a private company limited by shares incorporated in Northern Ireland. The registered office of the company is 39 Derrycraw Road, Newry, Co. Down, BT34 1RG, Northern Ireland which is also the principal place of business of the company. The financial statements have been presented in Pound Sterling (£) which is also the functional currency of the company.
These financial statements cover the individual entity for the year ended 31st March 2024.
       
2. Employees
 
The average monthly number of employees, including director, during the financial year was;
 
  2024 2023
  Number Number
 
Employee 2 2
  ═════════ ═════════
     
For the financial year ended 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
 
The director confirms that the members have not required the company to obtain an audit of its financial statements for the financial year in question in accordance with section 476 of the Companies Act 2006.
 
The director acknowledges his responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit and loss for the 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.
 
These financial statements have been prepared in accordance with the provisions available to micro-entities in Part 15 of the Companies Act 2006 and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
 
Approved by the Director on 28 January 2025 and signed by:
 
   
________________________________  
Mr. Patrick Byrne  
Director