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REGISTERED NUMBER: 11420692 (England and Wales)













Unaudited Financial Statements

for the Year Ended 30 June 2024

for

B & Y Developments Limited

B & Y Developments Limited (Registered number: 11420692)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


B & Y Developments Limited

Company Information
for the Year Ended 30 June 2024







DIRECTORS: N Yeats
M Baldwin
H A Yeats
J K Baldwin





REGISTERED OFFICE: 25 Byrom Street
Manchester
M3 4PF





REGISTERED NUMBER: 11420692 (England and Wales)





ACCOUNTANTS: A H & Co Ltd
Chartered Accountants
6 Logie Mill
Edinburgh
Lothian
EH7 4HG

B & Y Developments Limited (Registered number: 11420692)

Balance Sheet
30 June 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 9,602 10,385

CURRENT ASSETS
Stocks 1,522,850 337,647
Debtors 5 69,681 31,154
Cash at bank 8,123 10,166
1,600,654 378,967
CREDITORS
Amounts falling due within one year 6 1,618,824 332,175
NET CURRENT (LIABILITIES)/ASSETS (18,170 ) 46,792
TOTAL ASSETS LESS CURRENT
LIABILITIES

(8,568

)

57,177

CREDITORS
Amounts falling due after more than one year 7 9,167 19,167
NET (LIABILITIES)/ASSETS (17,735 ) 38,010

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings (17,835 ) 37,910
SHAREHOLDERS' FUNDS (17,735 ) 38,010

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 March 2025 and were signed on its behalf by:





M Baldwin - Director


B & Y Developments Limited (Registered number: 11420692)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

B & Y Developments 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.

The financial statements have been prepared on a going concern basis, the acceptability of which is dependent on the continued support of the directors.

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

Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value.

Financial instruments
The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Provisions
Provisions are recognised when the company has a present obligation (legal or constructive) as a result of a past event, it is probable that the company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the balance sheet date, taking into account the risks and uncertainties surrounding the obligation.

Exemption from preparing a cash flow statement
Exemption has been taken from preparing a cash flow statement on the grounds that the company qualifies as a small company.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

B & Y Developments Limited (Registered number: 11420692)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

4. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1 July 2023 11,546 1,435 12,981
Additions 2,165 93 2,258
At 30 June 2024 13,711 1,528 15,239
DEPRECIATION
At 1 July 2023 2,309 287 2,596
Charge for year 2,735 306 3,041
At 30 June 2024 5,044 593 5,637
NET BOOK VALUE
At 30 June 2024 8,667 935 9,602
At 30 June 2023 9,237 1,148 10,385

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Other debtors 69,681 31,154

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade creditors 3,794 -
Taxation and social security - 416
Other creditors 1,615,030 331,759
1,618,824 332,175

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.6.24 30.6.23
£    £   
Other creditors 9,167 19,167

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.6.24 30.6.23
value: £    £   
50 Ordinary A £1 50 50
50 Ordinary B £1 50 50
100 100

B & Y Developments Limited (Registered number: 11420692)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 June 2024 and 30 June 2023:

30.6.24 30.6.23
£    £   
N Yeats
Balance outstanding at start of year - -
Amounts repaid (2,250 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (2,250 ) -

H A Yeats
Balance outstanding at start of year - -
Amounts repaid (2,250 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (2,250 ) -

A director has made a loan to the company of £1,603,405 (2023: 319,072).

10. RELATED PARTY DISCLOSURES




Related Party


Type of
Transaction
Value of
transaction in
year ended
30.6.2024
Value of
transaction in
year ended
30.6.2023

Balance receivable/
(payable) to related
party at 30.6.2024

Balance receivable/
(payable) to related
party at 30.6.2023

Company under
common control

Purchases

Nil

£2,438

Nil

Nil

Company under common control was dissolved in the year.

11. ULTIMATE CONTROLLING PARTY

The controlling party is M Baldwin.