REGISTERED NUMBER: NI656178 (Northern Ireland)

BOYD ENGINEERING (NI) LTD

Unaudited Financial Statements

for the Year Ended 30 November 2025

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

Director:

Kenneth William Boyd

Registered office:

32 Camagh Road

Derrynoose

Armagh

BT60 3DH

Registered number:

NI656178 (Northern Ireland)

Accountants:

Cooper Parry Advisory Limited

Unit 7, Dyehouse

Linen Green

Dungannon

BT71 7HB

Fixed assets

Property, plant and equipment

5

564,555

509,575

Current assets

Inventories

121,922

22,428

Debtors: amounts falling due within one year

6

327,259

297,960

Cash at bank

127,832

340,595

577,013

660,983

Creditors

Amounts falling due within one year

7

(273,656

)

(369,807

)

Net current assets

303,357

291,176

Total assets less current liabilities

867,912

800,751

Creditors

Amounts falling due after more than one year

8

-

(7,197

)

Provisions for liabilities

(129,782

)

(116,586

)

Net assets

738,130

676,968

Capital and reserves

Called up share capital

100

100

Retained earnings

738,030

676,868

738,130

676,968

The Company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2025.

The members have not required the Company to obtain an audit of its financial statements for the year ended 30 November 2025 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.

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 20 August 2026 and were signed by:

Kenneth William Boyd - Director

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

-

Straight line over 4 years

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

20% on reducing balance

Motor vehicles

-

20% on 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.

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 (2024 - 4 ) .

5.	Property, plant and equipment

Fixtures

Short

Plant and

and

Motor

leasehold

machinery

fittings

vehicles

Totals

£

£

£

£

£

Cost

At 1 December 2024

53,177

785,418

9,789

41,500

889,884

Additions

-

138,111

-

-

138,111

At 30 November 2025

53,177

923,529

9,789

41,500

1,027,995

Depreciation

At 1 December 2024

9,944

341,379

6,654

22,332

380,309

Charge for year

2,659

76,012

627

3,833

83,131

At 30 November 2025

12,603

417,391

7,281

26,165

463,440

Net book value

At 30 November 2025

40,574

506,138

2,508

15,335

564,555

At 30 November 2024

43,233

444,039

3,135

19,168

509,575

6.

Debtors: amounts falling due within one year

2025

2024

£

£

Trade debtors

126,759

100,477

Amounts owed by associates

200,500

197,483

327,259

297,960

7.

Creditors: amounts falling due within one year

2025

2024

£

£

Bank loans and overdrafts

7,197

10,000

Trade creditors

87,086

88,754

Taxation and social security

25,596

49,080

Other creditors

153,777

221,973

273,656

369,807

8.

Creditors: amounts falling due after more than one year

2025

2024

£

£

Bank loans

-

7,197

9.	Related party disclosures

Included within other creditors is a loan from the director of £145,769 (2024: £213,965). There are no set repayment terms and no interest is chargeable.