Company registration number 11204231 (England and Wales)
BYWATER HERRING LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 APRIL 2024
PAGES FOR FILING WITH REGISTRAR
BYWATER HERRING LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 4
BYWATER HERRING LIMITED
BALANCE SHEET
AS AT
30 APRIL 2024
30 April 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
17,431
20,495
Current assets
Debtors
12,100
450
Cash at bank and in hand
10,160
2,912
22,260
3,362
Creditors: amounts falling due within one year
(128,488)
(113,487)
Net current liabilities
(106,228)
(110,125)
Net liabilities
(88,797)
(89,630)
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
(88,897)
(89,730)
Total equity
(88,797)
(89,630)
The notes on pages 3 to 4 form part of these financial statements.
BYWATER HERRING LIMITED
BALANCE SHEET (CONTINUED)
AS AT
30 APRIL 2024
30 April 2024
- 2 -
For the financial Period ended 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 of its financial statements for the Period in question in accordance with section 476.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
These 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, all of the members of the company have consented to the preparation of abridged financial statements pursuant to paragraph 1A of Schedule 1 to the Small Companies and Groups (Accounts and Directors’ Report) Regulations (SI 2008/409)(b).
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true
The financial statements were approved by the board of directors and authorised for issue on 30 April 2025 and are signed on its behalf by:
Mrs S Walker
Director
Company registration number 11204231 (England and Wales)
BYWATER HERRING LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 APRIL 2024
- 3 -
1
Accounting policies
Company information
Bywater Herring Limited is a private company limited by shares incorporated in England and Wales. The registered office is 42 High Street, Irthlingborough, Northamptonshire, UK, NN9 5TN.
1.1
Reporting period
The accounting period of the company was changed from 28 February to 30 April. The reason was that a regulator, Property Mark, now requires all reports to 30 April each year and bringing the year end in line with that facilitated reporting.
The comparative figures are based on a 12 month period and are not therefore entirely comparable.
1.2
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.3
Going concern
The company has an excess of liabilities over assets which would indicate an inability to continue as a going concern. However, the directors are of the opinion that the company will trade through this and have introduced £33,826 of their own money.
1.4
Turnover
Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.
1.5
Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Leasehold improvements
10% straight line
Plant and equipment
25% straight line
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.
BYWATER HERRING LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 30 APRIL 2024
1
Accounting policies
(Continued)
- 4 -
1.6
Employee benefits
The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.
Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.
1.7
Retirement benefits
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
1.8
Leases
Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed.
2
Employees
The average monthly number of persons (including directors) employed by the company during the Period was:
2024
2023
Number
Number
Total
1
3
3
Tangible fixed assets
Total
£
Cost
At 1 March 2023 and 30 April 2024
29,496
Depreciation and impairment
At 1 March 2023
9,001
Depreciation charged in the Period
3,064
At 30 April 2024
12,065
Carrying amount
At 30 April 2024
17,431
At 28 February 2023
20,495
4
Related party transactions
At the year end the company owed Mrs S Walker, a director, £24,441 (2023 - £22,656). The company also owed Mrs K Cronin, a director, £9,385 (2023 - £6,100). These amounts are included within other creditors.