Yarders Limited - Accounts to registrar (filleted) - small 23.1.2
Yarders Limited - Accounts to registrar (filleted) - small 23.1.2
| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2022 |
| FOR |
| YARDERS LIMITED |
| YARDERS LIMITED (REGISTERED NUMBER: 11304151) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| for the Year Ended 31st December 2022 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| YARDERS LIMITED |
| COMPANY INFORMATION |
| for the Year Ended 31st December 2022 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| 100 Barbirolli Square |
| Manchester |
| M2 3BD |
| YARDERS LIMITED (REGISTERED NUMBER: 11304151) |
| BALANCE SHEET |
| 31st December 2022 |
| 2022 | 2021 |
| Notes | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| CURRENT ASSETS |
| Stocks |
| Debtors | 5 |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 6 | ( |
) | ( |
) |
| NET CURRENT ASSETS/(LIABILITIES) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES | ( |
) |
| CAPITAL AND RESERVES |
| Called up share capital | 7 |
| Retained earnings | 8 | ( |
) |
| SHAREHOLDERS' FUNDS | ( |
) |
| 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 profit or loss 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. |
| YARDERS LIMITED (REGISTERED NUMBER: 11304151) |
| BALANCE SHEET - continued |
| 31st December 2022 |
| In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered. |
| The financial statements were approved by the Board of Directors and authorised for issue on |
| YARDERS LIMITED (REGISTERED NUMBER: 11304151) |
| NOTES TO THE FINANCIAL STATEMENTS |
| for the Year Ended 31st December 2022 |
| 1. | STATUTORY INFORMATION |
| Yarders Limited is a private company limited by share capital, incorporated in England and Wales, registration number 11304151. The address of the registered office and the principal place is Corner Store, 239 Sharrowvale Road, Sheffield, United Kingdom, S11 8ZE. |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Turnover |
| Turnover is measured as the fair value of the consideration received or receivable, excluding value added tax. The following criteria must also be met before turnover is recognised: |
| - the amount of turnover can be measured reliably; |
| - it is probable that the company will receive the consideration due under the contract; |
| - the stage of completion of the contract at the end of the reporting period can be measured reliably; and |
| - the costs incurred and the costs to complete the contract can be measured reliably. |
| Tangible fixed assets |
| Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses. |
| Depreciation on tangible fixed assets is charged to the profit and loss so as to write off their value, over their |
| estimated useful lives, using the following methods: |
| Computer Equipment - 33.33% on costs |
| Fixture and fittings - 20% on reducing balance |
| Plant & Machinery - 25% on reducing balance |
| At each balance sheet date, the Company reviews the carrying amounts of its tangible fixed assets to |
| determine whether there is any indication that any items have suffered an impairment loss. If any such |
| indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the |
| impairment loss, if any. Where it is not possible to estimate the recoverable amount of the asset, the Company estimates the recoverable amount of the cash-generating unit to which the asset belongs. |
| If the recoverable amount of an asset is estimated to be less than its carrying amount, the carrying amount of |
| the asset is reduced to its recoverable amount. Impairment loss is recognised as an expense immediately. |
| Stocks |
| Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
| YARDERS LIMITED (REGISTERED NUMBER: 11304151) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the Year Ended 31st December 2022 |
| 2. | ACCOUNTING POLICIES - continued |
| Taxation |
| Taxation for the year comprises current and deferred tax. Tax is recognised in the profit and loss account, 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. |
| Hire purchase and leasing commitments |
| Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease. |
| Pension costs and other post-retirement benefits |
| The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate. |
| Trade and other debtors |
| Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases, the receivables are stated at cost less impairment losses for bad and doubtful debts. |
| Trade and other creditors |
| Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method unless the effect of discounting would be immaterial, in which case they are stated at cost. |
| Cash and cash equivalents |
| Cash and cash equivalents comprise cash at bank and in hand. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| YARDERS LIMITED (REGISTERED NUMBER: 11304151) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the Year Ended 31st December 2022 |
| 4. | TANGIBLE FIXED ASSETS |
| Fixtures |
| Plant and | and | Computer |
| machinery | fittings | equipment | Totals |
| £ | £ | £ | £ |
| COST |
| At 1st January 2022 |
| Additions |
| At 31st December 2022 |
| DEPRECIATION |
| At 1st January 2022 |
| Charge for year |
| At 31st December 2022 |
| NET BOOK VALUE |
| At 31st December 2022 |
| At 31st December 2021 |
| 5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2022 | 2021 |
| £ | £ |
| Trade debtors |
| Other debtors |
| Directors' current accounts | 3,567 | - |
| Called up share capital not paid |
| Prepayments |
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2022 | 2021 |
| £ | £ |
| Trade creditors |
| Tax | ( |
) |
| VAT | 3,646 | - |
| Other creditors |
| Accrued expenses |
| YARDERS LIMITED (REGISTERED NUMBER: 11304151) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the Year Ended 31st December 2022 |
| 7. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2022 | 2021 |
| value: | £ | £ |
| Ordinary | £1.00 | 100 | 100 |
| 8. | RESERVES |
| Retained |
| earnings |
| £ |
| At 1st January 2022 | ( |
) |
| Profit for the year |
| Dividends | ( |
) |
| At 31st December 2022 |