J. Byrne Plant Hire & Civil Engineering - Accounts to registrar (filleted) - small 22.3
J. Byrne Plant Hire & Civil Engineering - Accounts to registrar (filleted) - small 22.3
| REGISTERED NUMBER: |
| Financial Statements for the Year Ended 31st December 2021 |
| for |
| J. Byrne Plant Hire & Civil |
| Engineering Limited |
| J. Byrne Plant Hire & Civil |
| Engineering Limited (Registered number: 01535488) |
| Contents of the Financial Statements |
| for the year ended 31st December 2021 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| J. Byrne Plant Hire & Civil |
| Engineering Limited |
| Company Information |
| for the year ended 31st December 2021 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| 1-3 Manor Road |
| Chatham |
| Kent |
| ME4 6AE |
| J. Byrne Plant Hire & Civil |
| Engineering Limited (Registered number: 01535488) |
| Balance Sheet |
| 31st December 2021 |
| 2021 | 2020 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| Investment property | 5 |
| CURRENT ASSETS |
| Debtors | 6 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 7 |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| PROVISIONS FOR LIABILITIES |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital |
| Fair value reserve | 9 |
| Retained earnings | 9 |
| SHAREHOLDERS' FUNDS |
| 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. |
| J. Byrne Plant Hire & Civil |
| Engineering Limited (Registered number: 01535488) |
| Balance Sheet - continued |
| 31st December 2021 |
| In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
| The financial statements were approved by the Board of Directors and authorised for issue on |
| J. Byrne Plant Hire & Civil |
| Engineering Limited (Registered number: 01535488) |
| Notes to the Financial Statements |
| for the year ended 31st December 2021 |
| 1. | STATUTORY INFORMATION |
| J. Byrne Plant Hire & Civil Engineering Limited is a |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Turnover |
| Turnover is the total amount receivable by the company for goods and services provided excluding VAT and trade discounts. |
| Tangible fixed assets |
| Leasehold property | - |
| Plant and machinery | - |
| Motor vehicles | - |
| Investment property |
| Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss. |
| 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. |
| J. Byrne Plant Hire & Civil |
| Engineering Limited (Registered number: 01535488) |
| Notes to the Financial Statements - continued |
| for the year ended 31st December 2021 |
| 2. | ACCOUNTING POLICIES - continued |
| Hire purchase and leasing commitments |
| Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter. |
| The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability. |
| 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. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| 4. | TANGIBLE FIXED ASSETS |
| Leasehold | Plant and | Motor |
| property | machinery | vehicles | Totals |
| £ | £ | £ | £ |
| COST |
| At 1st January 2021 |
| Additions |
| Disposals | ( |
) | ( |
) |
| At 31st December 2021 |
| DEPRECIATION |
| At 1st January 2021 |
| Charge for year |
| Eliminated on disposal | ( |
) | ( |
) |
| At 31st December 2021 |
| NET BOOK VALUE |
| At 31st December 2021 |
| At 31st December 2020 |
| J. Byrne Plant Hire & Civil |
| Engineering Limited (Registered number: 01535488) |
| Notes to the Financial Statements - continued |
| for the year ended 31st December 2021 |
| 4. | TANGIBLE FIXED ASSETS - continued |
| Fixed assets, included in the above, which are held under hire purchase contracts are as follows: |
| Plant and | Motor |
| machinery | vehicles | Totals |
| £ | £ | £ |
| COST |
| At 1st January 2021 |
| Transfer to ownership | (161,205 | ) | (181,271 | ) | (342,476 | ) |
| At 31st December 2021 |
| DEPRECIATION |
| At 1st January 2021 |
| Charge for year |
| Transfer to ownership | (84,243 | ) | (125,726 | ) | (209,969 | ) |
| At 31st December 2021 |
| NET BOOK VALUE |
| At 31st December 2021 |
| At 31st December 2020 |
| 5. | INVESTMENT PROPERTY |
| Total |
| £ |
| FAIR VALUE |
| At 1st January 2021 |
| and 31st December 2021 |
| NET BOOK VALUE |
| At 31st December 2021 |
| At 31st December 2020 |
| The directors consider the figures above to reflect the fair value of the investment property held. |
| Fair value at 31st December 2021 is represented by: |
| £ |
| Valuation in 2016 | 75,480 |
| Valuation in 2017 | 20,000 |
| Valuation in 2018 | 20,000 |
| Valuation in 2019 | 25,000 |
| Valuation in 2020 | 43,000 |
| Cost | 284,520 |
| 468,000 |
| J. Byrne Plant Hire & Civil |
| Engineering Limited (Registered number: 01535488) |
| Notes to the Financial Statements - continued |
| for the year ended 31st December 2021 |
| 6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2021 | 2020 |
| £ | £ |
| Trade debtors |
| Deferred tax asset |
| Prepayments and accrued income |
| 7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2021 | 2020 |
| £ | £ |
| Hire purchase contracts |
| Trade creditors |
| Social security and other taxes |
| Other creditors |
| Accruals and deferred income |
| 8. | SECURED DEBTS |
| The following secured debts are included within creditors: |
| 2021 | 2020 |
| £ | £ |
| Hire purchase contracts | 8,960 | 15,999 |
| The hire purchase contracts are secured on the assets concerned. |
| 9. | RESERVES |
| Fair |
| Retained | value |
| earnings | reserve | Totals |
| £ | £ | £ |
| At 1st January 2021 | 542,272 |
| Deficit for the year | ( |
) | ( |
) |
| Dividends | ( |
) | ( |
) |
| At 31st December 2021 | 233,670 |