Bybrook Furniture & Event Hire Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 05692147

Bybrook Furniture & Event Hire Limited

Filleted Unaudited Financial Statements

31 March 2025

Bybrook Furniture & Event Hire Limited

Statement of Financial Position

31 March 2025

	2025	2024
Note	£	£

Fixed assets

Intangible assets	5	3,502	3,713
Tangible assets	6	42,886	58,120
		--------	--------
		46,388	61,833

Current assets

Stocks		172,223	94,784
Debtors	7	8,510	74,656
Cash at bank and in hand		419	10,387
		---------	---------
		181,152	179,827

Creditors: amounts falling due within one year	8	117,683	101,693
		---------	---------
Net current assets		63,469	78,134
		---------	---------
Total assets less current liabilities		109,857	139,967

Creditors: amounts falling due after more than one year	9	94,192	116,599

Provisions	8,148	15,458
	---------	---------
Net assets	7,517	7,910
	---------	---------

Capital and reserves

Called up share capital	100	100
Profit and loss account	7,417	7,810
	-------	-------
Shareholders funds	7,517	7,910
	-------	-------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the income statement has not been delivered.

For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Bybrook Furniture & Event Hire Limited

Statement of Financial Position (continued)

31 March 2025

These financial statements were approved by the board of directors and authorised for issue on 17 September 2025 , and are signed on behalf of the board by:

Mr CC Elmore

Director

Company registration number: 05692147

Bybrook Furniture & Event Hire Limited

Notes to the Financial Statements

Year ended 31 March 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 27 Oswin Road, Leicester, LE3 1HR.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities measured at fair value through profit or loss. The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Goodwill

Goodwill arises on business acquisitions and represents the excess of the cost of the acquisition over the company's interest in the net amount of the identifiable assets, liabilities and contingent liabilities of the acquired business. Goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. It is amortised on a straight-line basis over its useful life. Where a reliable estimate of the useful life of goodwill or intangible assets cannot be made, the life is presumed not to exceed ten years.

Intangible assets

Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses. Any intangible assets carried at revalued amounts, are recorded at the fair value at the date of revaluation, as determined by reference to an active market, less any subsequent accumulated amortisation and subsequent accumulated impairment losses. Intangible assets acquired as part of a business combination are only recognised separately from goodwill when they arise from contractual or other legal rights, are separable, the expected future economic benefits are probable and the cost or value can be measured reliably.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

Goodwill	-	5% straight line
Development costs	-	5% straight line

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Plant and machinery	-	20% straight line
Fixtures and fittings	-	25% straight line
Motor vehicles	-	25% reducing balance

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Finance leases and hire purchase contracts

Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 10 (2024: 10 ).

5. Intangible assets

	Goodwill	Development costs	Total
	£	£	£
Cost
At 1 April 2024 and 31 March 2025	68,000	4,227	72,227
	--------	-------	--------
Amortisation
At 1 April 2024	68,000	514	68,514
Charge for the year	–	211	211
	--------	-------	--------
At 31 March 2025	68,000	725	68,725
	--------	-------	--------
Carrying amount
At 31 March 2025	–	3,502	3,502
	--------	-------	--------
At 31 March 2024	–	3,713	3,713
	--------	-------	--------

6. Tangible assets

	Plant and machinery	Fixtures and fittings	Motor vehicles	Total
	£	£	£	£
Cost
At 1 April 2024	22,787	9,979	130,316	163,082
Disposals	( 18,560)	( 8,134)	–	( 26,694)
	--------	-------	---------	---------
At 31 March 2025	4,227	1,845	130,316	136,388
	--------	-------	---------	---------
Depreciation
At 1 April 2024	21,416	9,213	74,333	104,962
Charge for the year	846	392	13,996	15,234
Disposals	( 18,560)	( 8,134)	–	( 26,694)
	--------	-------	---------	---------
At 31 March 2025	3,702	1,471	88,329	93,502
	--------	-------	---------	---------
Carrying amount
At 31 March 2025	525	374	41,987	42,886
	--------	-------	---------	---------
At 31 March 2024	1,371	766	55,983	58,120
	--------	-------	---------	---------

7. Debtors

	2025	2024
	£	£
Trade debtors	4,921	6,246
Other debtors	3,589	68,410
	-------	--------
	8,510	74,656
	-------	--------

8. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	67,248	45,173
Trade creditors	13,392	20,275
Corporation tax	8,412	3,733
Social security and other taxes	17,315	6,426
Other creditors	11,316	26,086
	---------	---------
	117,683	101,693
	---------	---------

Hire purchase agreements are secured upon the assets to which they relate.

9. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Bank loans and overdrafts	85,214	103,470
Other creditors	8,978	13,129
	--------	---------
	94,192	116,599
	--------	---------

Hire purchase agreements are secured upon the assets to which they relate.

10. Directors' advances, credits and guarantees

During the year the directors entered into the following advances and credits with the company:

	2025
	Balance brought forward	Advances/ (credits) to the directors	Amounts repaid	Balance outstanding
	£	£	£	£
Mrs BJ Elmore	16,750	76,386	( 93,401)	( 265)
Mr CC Elmore	24,931	11,628	( 36,825)	( 266)
Mr GE Elmore	23,399	9,180	( 32,845)	( 266)
	--------	--------	---------	----
	65,080	97,194	( 163,071)	( 797)
	--------	--------	---------	----

	2024
	Balance brought forward	Advances/ (credits) to the directors	Amounts repaid	Balance outstanding
	£	£	£	£
Mrs BJ Elmore	–	16,750	–	16,750
Mr CC Elmore	–	33,431	( 8,500)	24,931
Mr GE Elmore	–	39,784	( 16,385)	23,399
	----	--------	--------	--------
	–	89,965	( 24,885)	65,080
	----	--------	--------	--------