Accounts filed on 31-03-2023

Accounts filed on 31-03-2023

BYERS BROTHERS CUMBRIA LIMITED - Company Information

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1511435falsesheet metal working and general engineering2022-04-012023-03-31http://www.companieshouse.gov.uk/2022-03-31http://www.companieshouse.gov.uk/pt:ShareCapital2022-03-31http://www.companieshouse.gov.uk/cd:Director12022-04-012023-03-31http://www.companieshouse.gov.uk/pt:ShareCapital2023-03-31http://www.companieshouse.gov.uk/cd:Director22022-04-012023-03-31http://www.companieshouse.gov.uk/cd:OrdinaryShareClass12022-04-012023-03-31http://www.companieshouse.gov.uk/cd:RegisteredOffice2022-04-012023-03-31http://www.companieshouse.gov.uk/cd:AuditExemptWithAccountantsReport2022-04-012023-03-31http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2023-03-31http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2022-03-31http://www.companieshouse.gov.uk/2022-04-012023-03-31http://www.companieshouse.gov.uk/2022-03-31http://www.companieshouse.gov.uk/cd:FRS1022022-04-012023-03-31http://www.companieshouse.gov.uk/2023-03-31http://www.companieshouse.gov.uk/cd:FullAccounts2022-04-012023-03-31http://www.companieshouse.gov.uk/cd:PrivateLimitedCompanyLtd2022-04-012023-03-31iso4217:GBPxbrli:sharesxbrli:pure
Registered number: 1511435
Byers Brothers Cumbria Limited
ACCOUNTS
FOR THE YEAR ENDED 31/03/2023
Prepared By:
N B Lancaster & Co
Chartered Accountants
6 Brunswick Street
Carlisle
Cumbria
CA1 1PN
Byers Brothers Cumbria Limited
ACCOUNTS
FOR THE YEAR ENDED 31/03/2023
DIRECTORS
R Byers
Mrs B J Byers
SECRETARY
Mrs B J Byers
REGISTERED OFFICE
Rigg Street
Shaddongate
Carlisle
CA1 1NL
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 1511435
BANKERS
Barclays Bank plc
ACCOUNTANTS
N B Lancaster & Co
Chartered Accountants
6 Brunswick Street
Carlisle
Cumbria
CA1 1PN
Byers Brothers Cumbria Limited
ACCOUNTS
FOR THEYEARENDED31/03/2023
CONTENTS
Page
Directors' Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-
Byers Brothers Cumbria Limited
BALANCE SHEET AT 31/03/2023
20232022
Notes££
FIXED ASSETS
Tangible assets2439439
CURRENT ASSETS
Debtors385,33788,879
Cash at bank and in hand-4,710
85,33793,589
CREDITORS: Amounts falling due within one year473,58281,252
NET CURRENT ASSETS11,75512,337
TOTAL ASSETS LESS CURRENT LIABILITIES12,19412,776
CREDITORS: Amounts falling due after more than one year549,01349,013
NET LIABILITIES(36,819)(36,237)
CAPITAL AND RESERVES
Called up share capital81,0001,000
Profit and loss account(37,819)(37,237)
SHAREHOLDERS' FUNDS(36,819)(36,237)
For the year ending 31/03/2023 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.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 28/12/2023 and signed on their behalf by
.............................
R Byers
Director
Byers Brothers Cumbria Limited
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31/03/2023
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Equipmentreducing balance 50%
Motor Vehiclesreducing balance 25%
2. TANGIBLE FIXED ASSETS
EquipmentMotor VehiclesTotal
£££
Cost
At 01/04/20223,33039,63142,961
At 31/03/20233,33039,63142,961
Depreciation
At 01/04/20223,10239,42042,522
At 31/03/20233,10239,42042,522
Net Book Amounts
At 31/03/2023228211439
At 31/03/2022228211439
3. DEBTORS 20232022
££
Amounts falling due within one year
Other debtors33,33370,000
Directors current account52,00418,879
85,33788,879
Byers Brothers Cumbria Limited
4. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20232022
££
UK corporation tax12,10816,901
VAT30,80531,255
Other tax and social security18,06017,547
Bank Loan5,5565,556
Hire purchase5,4935,493
Accruals1,5604,500
73,58281,252
5. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
20232022
££
Bank loans (unsecured) >1yr43,51943,519
Hire purchase >1yr5,4945,494
49,01349,013
6. SECURED CREDITORS
20232022
££
Amount of other creditors which are secured10,98710,987
Hire purchase creditors are secured on the asset to which the liability relates.
7. EMPLOYEES
20232022
No.No.
Average number of employees-2
Byers Brothers Cumbria Limited
8. SHARE CAPITAL 20232022
££
Allotted, issued and fully paid:
4000 Ordinary shares of £0.25 each10001000
1,0001,000
9. RELATED PARTY TRANSACTIONS
No dividends were paid to the directors during the year (2022 - £25,000).
At the balance sheet date the directors owed £52,004 (2022 - £18,879) to the company. The loan is unsecured, interest free and repayable on demand.
10. TRANSACTIONS WITH DIRECTORS
At 1 April 2022 the company was owed £9,439 by each director which was repaid in full during the year. Further advances of £52,004 were made to each director during the year and remain outstanding at the balance sheet date. The loans are interest free, unsecured and repayable on demand.