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REGISTERED NUMBER: NI656178 (Northern Ireland)















BOYD ENGINEERING (NI) LTD

Unaudited Financial Statements for the Year Ended 30 November 2024






BOYD ENGINEERING (NI) LTD (REGISTERED NUMBER: NI656178)






Contents of the Financial Statements
FOR THE YEAR ENDED 30 NOVEMBER 2024




Page

Company Information 1

Chartered Accountants' Report 2

Statement of Financial Position 3

Notes to the Financial Statements 5


BOYD ENGINEERING (NI) LTD

Company Information
FOR THE YEAR ENDED 30 NOVEMBER 2024







DIRECTOR: Kenneth William Boyd





REGISTERED OFFICE: 32 Camagh Road
Derrynoose
Armagh
BT60 3DH





REGISTERED NUMBER: NI656178 (Northern Ireland)





ACCOUNTANTS: CavanaghKelly
Chartered Accountants
36-38 Northland Row
Dungannon
Co. Tyrone
BT71 6AP

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Boyd Engineering (NI) Ltd

The following reproduces the text of the report prepared for the director in respect of the Company's annual unaudited financial statements. In accordance with the Companies Act 2006, the Company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Director's Report are not required to be filed with the Registrar of Companies.


In accordance with our terms of engagement and in order to assist you to fulfil your duties under the Companies Act 2006, we have compiled the financial statements of the Company for the year ended 30 November 2024 which comprise the Income Statement, Statement of Financial Position, Statement of Changes in Equity and the related notes from the accounting records and information and explanations you have given to us.

This report is made to the company's director, in accordance with the terms of our engagement. Our work has been undertaken so that we might compile the financial statements that we have been engaged to compile, report to the company's director that we have done so, and state those matters that we have agreed to state to him in this report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's director, for our work or for this report.

We have carried out this engagement in accordance with guidance issued by the Institute of Chartered Accountants in Ireland and have complied with the ethical guidance laid down by the Institute relating to members undertaking the compilation of financial statements.

You have acknowledged on the Statement of Financial Position as at 30 November 2024 your duty to ensure that the Company has kept proper accounting records and to prepare financial statements that give a true and fair view under the Companies Act 2006. You consider that the Company is exempt from the statutory requirement for an audit for the year.

We have not been instructed to carry out an audit of the financial statements. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.






CavanaghKelly
Chartered Accountants
36-38 Northland Row
Dungannon
Co. Tyrone
BT71 6AP


16 April 2025

BOYD ENGINEERING (NI) LTD (REGISTERED NUMBER: NI656178)

Statement of Financial Position
30 NOVEMBER 2024

2024 2023
Notes £ £
NON-CURRENT ASSETS
Property, plant and equipment 5 509,575 437,881

CURRENT ASSETS
Inventories 22,428 42,928
Receivables: amounts falling due within
one year

6

297,960

175,197
Cash at bank 340,595 545,296
660,983 763,421
PAYABLES
Amounts falling due within one year 7 (369,807 ) (507,787 )
NET CURRENT ASSETS 291,176 255,634
TOTAL ASSETS LESS CURRENT
LIABILITIES

800,751

693,515

PAYABLES
Amounts falling due after more than
one year

8

(7,197

)

(16,395

)

PROVISIONS FOR LIABILITIES (116,586 ) (76,716 )
NET ASSETS 676,968 600,404

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 676,868 600,304
676,968 600,404

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

The members have not required the Company to obtain an audit of its financial statements for the year ended 30 November 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

BOYD ENGINEERING (NI) LTD (REGISTERED NUMBER: NI656178)

Statement of Financial Position - continued
30 NOVEMBER 2024


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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 16 April 2025 and were signed by:





Kenneth William Boyd - Director


BOYD ENGINEERING (NI) LTD (REGISTERED NUMBER: NI656178)

Notes to the Financial Statements
FOR THE YEAR ENDED 30 NOVEMBER 2024

1. STATUTORY INFORMATION

Boyd Engineering (NI) Ltd is a private company, limited by shares , registered in Northern Ireland. The company's registered number and registered office address can be found on the Company Information page.

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

The accounts are prepared under the historical cost convention modified when necessary to include the revaluation of certain fixed assets.

Revenue
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Property, plant and equipment
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Short leasehold - 5% straight line
Plant and machinery - 15% reducing balance
Fixtures and fittings - 20% reducing balance
Motor vehicles - 20% reducing balance

Inventories
Stocks are valued at the lower of cost and net realisable value. Cost comprises expenditure incurred in the normal course of business in bringing stocks to their present location and condition. Full provision is made for obsolete and slow moving items. Net realisable value comprises actual or estimated selling price (net of trade discounts) less all further costs to completion or to be incurred in marketing and selling.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

BOYD ENGINEERING (NI) LTD (REGISTERED NUMBER: NI656178)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 30 NOVEMBER 2024

3. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Cash flow statement
The company has availed of the exemption in FRS 102 Section 1A from the requirement to prepare a Statement of Cash Flows because it is classified as a small company.

4. EMPLOYEES AND DIRECTORS

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

5. PROPERTY, PLANT AND EQUIPMENT
Fixtures
Short Plant and and Motor
leasehold machinery fittings vehicles Totals
£ £ £ £ £
COST
At 1 December 2023 53,177 642,193 9,789 41,500 746,659
Additions - 143,225 - - 143,225
At 30 November 2024 53,177 785,418 9,789 41,500 889,884
DEPRECIATION
At 1 December 2023 7,285 278,083 5,870 17,540 308,778
Charge for year 2,659 63,296 784 4,792 71,531
At 30 November 2024 9,944 341,379 6,654 22,332 380,309
NET BOOK VALUE
At 30 November 2024 43,233 444,039 3,135 19,168 509,575
At 30 November 2023 45,892 364,110 3,919 23,960 437,881

6. RECEIVABLES: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade debtors 100,477 175,197
Amounts owed by associates 197,483 -
297,960 175,197

7. PAYABLES: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Bank loans and overdrafts 10,000 10,802
Trade payables 88,754 131,870
Taxation and social security 49,080 70,623
Other payables 221,973 294,492
369,807 507,787

8. PAYABLES: AMOUNTS FALLING DUE AFTER ONE YEAR
2024 2023
£ £
Bank loans 7,197 16,395

BOYD ENGINEERING (NI) LTD (REGISTERED NUMBER: NI656178)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 30 NOVEMBER 2024

9. RELATED PARTY DISCLOSURES

Included within other creditors is a loan from the director of £213,965 (2023: £286,483). There are no set repayment terms and no interest is chargeable.