M Yates Ltd,Ltd - AccountsLtd - Accounts

M Yates Ltd,Ltd - AccountsLtd - Accounts


2015-12-01 05290288 2016-11-30 05290288 2015-12-01 2016-11-30 05290288 2015-11-30 05290288 2014-12-01 2015-11-30 05290288 uk-core:WithinOneYear 2015-11-30 05290288 uk-core:WithinOneYear 2016-11-30 05290288 uk-core:AfterOneYear 2015-11-30 05290288 uk-core:AfterOneYear 2016-11-30 05290288 uk-core:ShareCapital 2016-11-30 05290288 uk-core:ShareCapital 2015-11-30 05290288 uk-core:RetainedEarningsAccumulatedLosses 2016-11-30 05290288 uk-core:RetainedEarningsAccumulatedLosses 2015-11-30 05290288 uk-bus:Director1 2015-12-01 2016-11-30 05290288 uk-core:PlantMachinery 2015-12-01 2016-11-30 05290288 uk-core:MotorCars 2015-12-01 2016-11-30 05290288 uk-core:MotorCars 2015-11-30 05290288 uk-core:PlantMachinery 2015-11-30 05290288 uk-core:PlantMachinery 2016-11-30 05290288 uk-core:MotorCars 2016-11-30 iso4217:GBP 05290288 uk-bus:AuditExemptWithAccountantsReport 2015-12-01 2016-11-30 05290288 uk-bus:FRS102 2015-12-01 2016-11-30 05290288 uk-bus:FullAccounts 2015-12-01 2016-11-30 05290288 uk-bus:PrivateLimitedCompanyLtd 2015-12-01 2016-11-30
M Yates Ltd
Registered Number:05290288
For the year ended 30 November 2016
England and Wales
Unaudited Financial Statements
2
For the year ended 30 November 2016
M Yates Ltd
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
3
As at 30 November 2016
M Yates Ltd
Statement of Financial Position
Registered Number :
05290288
£
£
2015
2016
Notes
Fixed assets
Property, plant and equipment
10,568
13,210
2
10,568
13,210
Current assets
Trade and other receivables
-
20,467
3
3,893
Cash and cash equivalents
2,558
23,025
3,893
Trade and other payables: amounts falling due within one
year
(10,271)
(12,930)
4
(6,378)
10,095
Net current assets
Total assets less current liabilities
20,663
6,832
Trade and other payables: amounts falling due after more
than one year
-
-
5
20,663
Net assets
6,832
Capital and reserves
Called up share capital
2
2
Retained earnings
20,661
6,830
20,663
6,832
Shareholders' funds
For the year ended 30 November 2016 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 30 November 2016 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his 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 of Part 15 of the Companies Act 2006 relating to small companies.
M Yates Director
These financial statements were approved and authorised for issue by the Board on 22 June 2017 and were signed by:
The notes form part of these financial statements
1 of 3
4
For the year ended 30 November 2016
M Yates Ltd
Notes to the Financial Statements
Statutory Information
M Yates Ltd is a private limited company, limited by shares, domiciled in England and Wales, registration number
05290288.
Registered address:
15 Oundle Avenue
Bushey
Herts
WD23 4QG
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
20% Reducing balance
Motor vehicles
Hire purchase and leasing commitments
Rentals payable under operating leases are charged against income on a straight line basis over the lease term. The finance element of the rental payment is charged to the profit and loss account on a straight line basis.
2. Property, plant and equipment
Total
Motor vehicles
Plant and
machinery
£
£
£
Cost or
valuation
At 01 December 2015
20,862
20,585
277
At 30 November 2016
277
20,585
20,862
Provision for depreciation and impairment
At 01 December 2015
7,652
7,411
241
Charge for year
2,642
2,635
7
At 30 November 2016
10,294
10,046
248
At 30 November 2016
Net book value
29
10,539
10,568
At 30 November 2015
36
13,174
13,210
2 of 3
5
For the year ended 30 November 2016
M Yates Ltd
Notes to the Financial Statements Continued
3. Trade and other receivables
2015
2016
£
£
Other debtors
20,467
-
4. Trade and other payables: amounts falling due within one year
2015
2016
£
£
Trade creditors
1,099
1,050
Taxation and social security
6,487
-
Other creditors
5,344
9,221
12,930
10,271
5. Trade and other payables: amounts falling due after more than one year
2015
2016
£
£
Other creditors
-
-
3 of 3