P J BYRNE & SONS LIMITED

P J BYRNE & SONS LIMITED

P J BYRNE & SONS LIMITED - Company Information

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P J BYRNE & SONS LIMITED

Company Registration Number:
06860915 (England and Wales)

Unaudited abridged accounts for the year ended 31 March 2022

Period of accounts

Start date: 01 April 2021

End date: 31 March 2022

P J BYRNE & SONS LIMITED

Contents of the Financial Statements

for the Period Ended 31 March 2022

Balance sheet
Notes

P J BYRNE & SONS LIMITED

Balance sheet

As at 31 March 2022


Notes
2022
2021


£
£
Fixed assets
Intangible assets:   0 0
Tangible assets: 3 13,976 17,150
Total fixed assets: 13,976 17,150
Current assets
Debtors: 4 20,347 28,781
Cash at bank and in hand: 94,267 80,692
Total current assets: 114,614 109,473
Creditors: amounts falling due within one year: 5 (37,743) (51,317)
Net current assets (liabilities): 76,871 58,156
Total assets less current liabilities: 90,847 75,306
Provision for liabilities: (3,451) (3,220)
Total net assets (liabilities): 87,396 72,086
Capital and reserves
Called up share capital: 150 150
Profit and loss account: 87,246 71,936
Shareholders funds: 87,396 72,086

The notes form part of these financial statements

P J BYRNE & SONS LIMITED

Balance sheet statements

For the year ending 31 March 2022 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

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

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 23 March 2023
and signed on behalf of the board by:

Name: Mr P T Byrne
Status: Director

The notes form part of these financial statements

P J BYRNE & SONS LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2022

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover comprises the fair value of consideration received and receivable in respect of building work done, net of Value Added Tax.

Tangible fixed assets and depreciation policy

Tangible fixed assets are stated in the balance sheet at cost less accumulated depreciation. Depreciation is provided to write off the cost of each asset over its estimated useful life at the rate of 25% per annum for motor vehicles and 15% for plant and equipment using the reducing balance method.

Intangible fixed assets and amortisation policy

Purchased goodwill is stated in the balance sheet at it initial cost, less amortisation. Amortisation is provided to write off the cost of goodwill over three years, being in the opinion of the directors its estimated useful life.

P J BYRNE & SONS LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2022

2. Employees

2022 2021
Average number of employees during the period 4 5

P J BYRNE & SONS LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2022

3. Tangible Assets

Total
Cost £
At 01 April 2021 55,518
Additions 789
Disposals (1,171)
At 31 March 2022 55,136
Depreciation
At 01 April 2021 38,368
Charge for year 3,632
On disposals (840)
At 31 March 2022 41,160
Net book value
At 31 March 2022 13,976
At 31 March 2021 17,150

P J BYRNE & SONS LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2022

4. Debtors

2022 2021
££
Debtors due after more than one year: 1,662 5,664

Debtors falling due within one year comprise at 31 March 2022:Trade debtors £8,185 and other debtors £12,162. At 31 March 2021 debtors comprise trade debtors £13,612 and other debtors £15,169.

P J BYRNE & SONS LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2022

5. Creditors: amounts falling due within one year note

Creditors at 31 March 2022 comprise: Trade creditors £13,966, taxation and social security £19,456 and other creditors £4,321.At 31 March 2021 creditors comprise: Trade creditors £18,078, taxation and social security £27,976 and other creditors £5,263.

P J BYRNE & SONS LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2022

6. Loans to directors

Name of director receiving advance or credit: Mr P J K Byrne
Description of the loan: Advance
£
Balance at 01 April 2021 9,666
Advances or credits repaid: 4,002
Balance at 31 March 2022 5,664

The loan to the director is unsecured and is repayable in equal monthly instalments over a total of three years. No interest was charged on the loan in the year (2021: £158).