Yarders Limited - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 11304151 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

YARDERS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr M Cottrill

Mr N Pears

REGISTERED OFFICE:

Corner Store

239 Sharrowvale Road

Sheffield

S11 8ZE

REGISTERED NUMBER:

11304151 (England and Wales)

ACCOUNTANTS:

KJG

100 Barbirolli Square

Manchester

M2 3BD

FIXED ASSETS

Tangible assets

4

15,499

17,308

CURRENT ASSETS

Stocks

9,750

8,695

Debtors

5

26,788

21,422

Cash at bank and in hand

10,461

29,603

46,999

59,720

CREDITORS

Amounts falling due within one year

6

58,499

43,985

NET CURRENT (LIABILITIES)/ASSETS

(11,500

)

15,735

TOTAL ASSETS LESS CURRENT LIABILITIES

3,999

33,043

PROVISIONS FOR LIABILITIES

3,875

-

NET ASSETS

124

33,043

CAPITAL AND RESERVES

Called up share capital

7

100

100

Retained earnings

24

32,943

SHAREHOLDERS' FUNDS

124

33,043

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 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 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.

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 14 May 2024 and were signed on its behalf by:

Mr M Cottrill - Director

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

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.

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.

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.

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 14 (2022 - 11 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Computer

machinery

fittings

equipment

Totals

£

£

£

£

COST

At 1 January 2023

5,549

11,956

2,889

20,394

Additions

2,355

-

906

3,261

At 31 December 2023

7,904

11,956

3,795

23,655

DEPRECIATION

At 1 January 2023

925

1,697

464

3,086

Charge for year

1,660

2,391

1,019

5,070

At 31 December 2023

2,585

4,088

1,483

8,156

NET BOOK VALUE

At 31 December 2023

5,319

7,868

2,312

15,499

At 31 December 2022

4,624

10,259

2,425

17,308

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.23

31.12.22

£

£

Trade debtors

307

323

Other debtors

26,009

17,445

Directors' current accounts

-

3,567

Prepayments

472

87

26,788

21,422

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.23

31.12.22

£

£

Bank loans and overdrafts

5,830

-

Trade creditors

31,523

21,344

Tax

1,295

5,893

VAT

13,091

3,646

Other creditors

665

707

Directors' current accounts

45

-

Accrued expenses

6,050

12,395

58,499

43,985

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.23

31.12.22

value:

£

£

100

Ordinary

£1.00

100

100

8.	RELATED PARTY DISCLOSURES

During the year, the company paid management charges to a company under common control amounting to £11,700 (2022: £15,000).