REGISTERED NUMBER: 06769150 (England and Wales)

RICHARD BYARD & SONS LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2026

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

R Byard

Mrs C M Byard

P C Byard

REGISTERED OFFICE:

West Lodge

Rainbow Street

Leominster

Herefordshire

HR6 8DQ

REGISTERED NUMBER:

06769150 (England and Wales)

ACCOUNTANTS:

Davies Edwards & Co

Chartered Certified Accountants

West Lodge

Rainbow Street

Leominster

Herefordshire

HR6 8DQ

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

8,113

10,816

8,113

10,816

CURRENT ASSETS

Stocks and work in progress

550

10,112

Debtors

6

11,772

11,742

Cash at bank and in hand

35,191

36,704

47,513

58,558

CREDITORS

Amounts falling due within one year

7

64,717

65,686

NET CURRENT LIABILITIES

(17,204

)

(7,128

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(9,091

)

3,688

PROVISIONS FOR LIABILITIES

1,541

2,055

NET (LIABILITIES)/ASSETS

(10,632

)

1,633

CAPITAL AND RESERVES

Called up share capital

8

264

264

Retained earnings

9

(10,896

)

1,369

SHAREHOLDERS' FUNDS

(10,632

)

1,633

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2026 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 Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 July 2026 and were signed on its behalf by:

R Byard - Director

1.	STATUTORY INFORMATION

Richard Byard & Sons Ltd 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.

Turnover

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

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2009, has been fully amortised.

Tangible fixed assets

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

Plant and machinery

-

20% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer and office equipment

-

33% on cost and 20% on reducing balance

Stocks

Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2025 - 3 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 February 2025

and 31 January 2026

41,824

AMORTISATION

At 1 February 2025

and 31 January 2026

41,824

NET BOOK VALUE

At 31 January 2026

-

At 31 January 2025

-

5.	TANGIBLE FIXED ASSETS

Computer

and

Plant and

Motor

office

machinery

vehicles

equipment

Totals

£

£

£

£

COST

At 1 February 2025

6,982

20,750

1,800

29,532

Disposals

(1,476

)

-

(496

)

(1,972

)

At 31 January 2026

5,506

20,750

1,304

27,560

DEPRECIATION

At 1 February 2025

5,980

10,956

1,780

18,716

Charge for year

187

2,448

4

2,639

Eliminated on disposal

(1,412

)

-

(496

)

(1,908

)

At 31 January 2026

4,755

13,404

1,288

19,447

NET BOOK VALUE

At 31 January 2026

751

7,346

16

8,113

At 31 January 2025

1,002

9,794

20

10,816

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade debtors

10,971

10,647

Prepayments and accrued income

801

1,095

11,772

11,742

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade creditors

1,723

2,146

Social security and other taxes

283

1,526

VAT

4,570

6,185

Credit card

174

341

Directors' current accounts

55,427

52,950

Accruals and deferred income

2,540

2,538

64,717

65,686

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2026

2025

value:

£

£

264

Ordinary

£1

264

264

9.

RESERVES

Retained

earnings

£

At 1 February 2025

1,369

Deficit for the year

(12,265

)

At 31 January 2026

(10,896

)

10.	TRANSACTIONS WITH DIRECTORS

P C Byard also trades under his own name as a sub-contractor.

Sub-contract work invoiced to the company during this financial period amounted to £5,317.00