The Yorkshire Traction Group (LLCS) - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 02873428 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 May 2020

for

The Yorkshire Traction Group (LLCS)

Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mr A G Burns

Mrs S M Hayes

Mr P G Lynch

SECRETARY:

Mr M J Vaux

REGISTERED OFFICE:

One Stockport Exchange

20 Railway Road

Stockport

SK1 3SW

REGISTERED NUMBER:

02873428 (England and Wales)

ACCOUNTANTS:

SMH Andertons Liversidge Ltd

12-14 Percy Street

Rotherham

South Yorkshire

S65 1ED

CURRENT ASSETS

Debtors

3

6,557

6,557

CREDITORS

Amounts falling due within one year

4

780

300

NET CURRENT ASSETS

5,777

6,257

TOTAL ASSETS LESS CURRENT LIABILITIES

5,777

6,257

RESERVES

Income and expenditure account

5,777

6,257

5,777

6,257

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2020 in accordance with Section 476 of the Companies Act 2006.

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 surplus or deficit 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 Board of Directors and authorised for issue on 11 March 2021 and were signed on its behalf by:

Mrs S M Hayes - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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. The financial statements have been prepared under the historical cost convention.

The company has ceased to operate and the accounts are not prepared on a going concern basis.

Turnover

Turnover represents contributions received relating to the period.

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.

2.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2019 - NIL ) .

3.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Other debtors

6,557

6,557

4.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Trade creditors

480

-

Other creditors

300

300

780

300

5.	ULTIMATE CONTROLLING PARTY

Due to the company being limited by guarantee the company is controlled by the members.

6.	LIMITED BY GUARANTEE

The company is limited by guarantee and has no share capital. The liability of each member in the event of winding up is limited to £1 per member.

7.	GOING CONCERN

The company has ceased to operate, and has reimbursed members their contributions. Once the creditors have been satisfied in full the balance of funds will be donated to a charities of the members choice.