YARROWSIDE LTD


2019-05-082020-05-312020-05-31false11983212YARROWSIDE 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YARROWSIDE LTD

Registered Number
11983212
(England and Wales)

Unaudited Financial Statements for the Period Ended
31 May 2020

YARROWSIDE LTD
Company Information
for the period from 8 May 2019 to 31 May 2020

Directors

BILLINGTON, Jonathan Mcfarlane
BILLINGTON, Vanessa Jane

Registered Address

Suite 6 The Portway Centre 1 Old Sarum Park
Old Sarum
Salisbury
SP4 6EB

Registered Number

11983212 (England and Wales)
YARROWSIDE LTD
Balance Sheet as at
31 May 2020

Notes

2020
£

Fixed assets
Intangible assets424,100
Tangible assets56,789
Current assets
Debtors57,150
Cash at bank and on hand141,190
Creditors amounts falling due within one year(142,442)
Net current assets (liabilities)55,898
Total assets less current liabilities86,787
Net assets86,787
Capital and reserves
Profit and loss account86,787
Shareholders' funds86,787
  • The company was entitled to exemption from audit for this reporting period 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 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 and loss account.
  • The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved and authorised for issue by the Board of Directors on 12 October 2020, and are signed on its behalf by:
BILLINGTON, Jonathan Mcfarlane
Director
Registered Company No. 11983212
YARROWSIDE LTD
Notes to the Financial Statements
for the period ended 31 May 2020

1.STATUTORY INFORMATION
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
2.COMPLIANCE WITH APPLICABLE REPORTING FRAMEWORK
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Property, plant and equipment policy
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:




Straight line (years)

Plant and machinery20
Fixtures and fittings20
Vehicles20
Office Equipment20
Intangible assets policy
Intangible assets are stated at cost or valuation less Amortisation.
Revenue recognition policy
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Foreign currency translation and operations policy
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Employee benefits policy
Contributions to defined contribution plans are expensed in the period to which they relate.
3.EMPLOYEE INFORMATION




2020

Average number of employees during the year41
4.INTANGIBLE ASSETS



Total
£

Cost or valuation
Additions48,200
At 31 May 2024,100
Amortisation and impairment
Charge for year24,100
Net book value
At 31 May 2024,100
At 07 May 19-
5.PROPERTY, PLANT AND EQUIPMENT



Total
£

Cost or valuation
At 08 May 19534
Additions9,010
At 31 May 206,789
Depreciation and impairment
Charge for year2,755
Net book value
At 31 May 206,789
At 07 May 19534