Yorkshire Demolition Contractors Limited,Ltd - AccountsLtd - Accounts

Yorkshire Demolition Contractors Limited,Ltd - AccountsLtd - Accounts

YORKSHIRE DEMOLITION CONTRACTORS LIMITED - Company Information

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2019-08-01 00907599 2020-07-31 00907599 2019-08-01 2020-07-31 00907599 2019-07-31 00907599 2018-08-01 2019-07-31 00907599 uk-core:WithinOneYear 2019-07-31 00907599 uk-core:WithinOneYear 2020-07-31 00907599 uk-core:ShareCapital 2020-07-31 00907599 uk-core:ShareCapital 2019-07-31 00907599 uk-core:RetainedEarningsAccumulatedLosses 2020-07-31 00907599 uk-core:RetainedEarningsAccumulatedLosses 2019-07-31 00907599 uk-bus:Director1 2019-08-01 2020-07-31 00907599 uk-core:PlantMachinery 2019-08-01 2020-07-31 00907599 uk-core:ToolsEquipment 2019-08-01 2020-07-31 00907599 uk-core:CommercialMotorVehicles 2019-08-01 2020-07-31 00907599 uk-core:FurnitureFittings 2019-08-01 2020-07-31 00907599 uk-core:ToolsEquipment 2019-07-31 00907599 uk-core:FurnitureFittings 2019-07-31 00907599 uk-core:CommercialMotorVehicles 2019-07-31 00907599 uk-core:PlantMachinery 2019-07-31 00907599 uk-core:CommercialMotorVehicles 2020-07-31 00907599 uk-core:FurnitureFittings 2020-07-31 00907599 uk-core:ToolsEquipment 2020-07-31 00907599 uk-core:PlantMachinery 2020-07-31 iso4217:GBP xbrli:pure 00907599 uk-bus:AuditExemptWithAccountantsReport 2019-08-01 2020-07-31 00907599 uk-bus:FRS102 2019-08-01 2020-07-31 00907599 uk-bus:FullAccounts 2019-08-01 2020-07-31 00907599 uk-bus:PrivateLimitedCompanyLtd 2019-08-01 2020-07-31
Yorkshire Demolition Contractors Limited
Registered Number:00907599
For the year ended 31 July 2020
England and Wales
Report of the Directors and Financial Statements
2
For the year ended 31 July 2020
Yorkshire Demolition Contractors Limited
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
3
Registered Number :
00907599
As at 31 July 2020
Yorkshire Demolition Contractors Limited
Statement of Financial Position
£
£
2019
2020
Notes
Fixed assets
Property, plant and equipment
11,295
4,597
2
11,295
4,597
Current assets
Trade and other receivables
2,048
3,997
3
37,558
Cash and cash equivalents
30,119
34,116
39,606
Trade and other payables: amounts falling due within one
year
(31,552)
(35,308)
4
8,054
(1,192)
Net current liabilities
Total assets less current liabilities
10,103
12,651
10,103
Net assets
12,651
Capital and reserves
Called up share capital
750
750
Retained earnings
9,353
11,901
10,103
12,651
Shareholders' funds
For the year ended 31 July 2020 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2020 in accordance with Section 476 of the Companies Act 2006
The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
S J Field Director
These financial statements were approved and authorised for issue by the Board on 22 April 2021 and were signed by:
The notes form part of these financial statements
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4
For the year ended 31 July 2020
Yorkshire Demolition Contractors Limited
Notes to the Financial Statements
Statutory Information
Yorkshire Demolition Contractors Limited is a private limited company, limited by shares, domiciled in England and
Wales, registration number 00907599.
Registered address:
Green Lane
Cutsyke
Castleford
West Yorkshire
WF10 5JL
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and machinery
20 Reducing balance
33 Reducing balance
Computer equipment
25 Reducing balance
Motor vehicles
20 Reducing balance
Fixtures and fittings
No depreciation is provided on the company''s freehold properties since in the opinion of the directors the expected
useful lives are sufficiently long and the estimated residual values are sufficiently high that any such depreciation
would be immaterial. The directors undertake an annual impairment review of these properties.
Inventories
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
Hire purchase and leasing commitments
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
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5
For the year ended 31 July 2020
Yorkshire Demolition Contractors Limited
Notes to the Financial Statements Continued
2. Property, plant and equipment
Total
Computer
equipment
Fixtures and
fittings
Motor vehicles
Plant and
machinery
£
£
£
£
£
Cost or
valuation
At 01 August 2019
67,485
386
10,814
5,700
50,585
10,293
416
-
9,750
127
Additions
-
-
(3,450)
-
Disposals
(3,450)
At 31 July 2020
12,000
10,814
802
74,328
50,712
Provision for depreciation and impairment
At 01 August 2019
62,888
279
10,756
1,748
50,105
Charge for year
1,619
104
15
1,364
136
(1,474)
-
-
(1,474)
-
On disposal
At 31 July 2020
63,033
383
10,771
1,638
50,241
At 31 July 2020
Net book value
471
10,362
43
419
11,295
At 31 July 2019
480
3,952
58
107
4,597
3. Trade and other receivables
2019
2020
£
£
Trade debtors
168
-
Other debtors
3,829
2,048
2,048
3,997
4. Trade and other payables: amounts falling due within one year
2019
2020
£
£
Trade creditors
2,032
711
Taxation and social security
1,999
1,875
Other creditors
31,277
28,966
35,308
31,552
5. Average number of persons employed
During the year the average number of employees was 2 (2019 : 2)
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