Yorkmetrics Limited,Ltd - Accounts

Yorkmetrics Limited,Ltd - Accounts

YORKMETRICS LIMITED - Company Information

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2015-01-01 true false Private Limited Company 04626018 2015-12-31 04626018 2015-01-01 2015-12-31 04626018 2014-12-31 04626018 2014-01-01 2014-12-31 04626018 uk-bus:Director1 2015-01-01 2015-12-31 04626018 uk-gaap:PlantMachinery 2015-01-01 2015-12-31 04626018 uk-gaap:ComputerEquipment 2015-01-01 2015-12-31 04626018 uk-gaap:FixturesFittings 2015-01-01 2015-12-31 04626018 uk-bus:OrdinaryShareClass1 2015-12-31 04626018 uk-bus:PreferenceShareClass1 2015-12-31 iso4217:GBP
Yorkmetrics Limited
For the year ended 31 December 2015
Unaudited Abbreviated Report and Financial Statements
England and Wales
Registered Number: 04626018
2
Contents Page
Yorkmetrics Limited
For the year ended 31 December 2015
1
Balance Sheet
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Notes to the Abbreviated Financial Statements
3
Abbreviated Balance Sheet
Yorkmetrics Limited
As at 31 December 2015
04626018
Registered Number :
£
£
2015
Notes
2014
Fixed assets
Tangible assets
2
3,202
3,291
3,202
3,291
Current assets
Stocks
22,200
5,000
Debtors
6,620
11,035
Cash at bank and in hand
23,330
18,900
39,365
47,720
Creditors: amounts falling due within one year
3
(9,507)
(14,421)
38,213
24,944
Net current assets
Total assets less current liabilities
28,146
41,504
28,146
Net assets
41,504
Capital and reserves
Called up share capital
600
4
600
Share premium account
20,906
20,906
Profit and loss account
6,640
19,998
28,146
41,504
Shareholders funds
For the year ended 31 December 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities: 1) The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476;
2) 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.
Date approved by the board: 23 August 2016
Dr Antony Lee Powell Director
Signed on behalf of the board of directors
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4
Notes to the Abbreviated Financial Statements
Yorkmetrics Limited
For the year ended 31 December 2015
1 Accounting Policies
Basis of accounting
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Government grants
Government grants received are credited to deferred income. Grants towards capital expenditure are released to the profit and loss account over the expected useful life of the assets. Grants received towards revenue expenditure are released to the profit and loss account as the related expenditure is incurred.
Operating lease rentals
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
Dividends
Proposed dividends are only included as liabilities in the financial statements when their payment has been approved
by the shareholders prior to the balance sheet date.
Tangible fixed assets
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% Straight line
Computer Equipment
33% Straight line
Fixtures and Fittings
25% Straight line
Stocks and work in progress
Stocks and work in progress 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.
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5
Notes to the Abbreviated Financial Statements
Yorkmetrics Limited
For the year ended 31 December 2015
2 Tangible fixed assets
Tangible fixed
assets
Cost or valuation
£
23,646
At 01 January 2015
1,804
Additions
At 31 December 2015
25,450
Depreciation
20,355
At 01 January 2015
1,893
Charge for year
22,248
At 31 December 2015
Net book values
At 31 December 2015
3,202
3,291
At 31 December 2014
4 Share capital
Allotted called up and fully paid
2015
2014
£
£
525 Ordinary shares of £1.00 each
525
525
75 Preference shares of £1.00 each
75
75
600
600
The preference shares rank pari passu in all respects other than that in the event of the company winding-up the
preference shareholders shall be entitled to repayment of subscription monies paid in preference to the holders of
ordinary shares.
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