The Yorkshire Party Company Limited - Accounts to registrar (filleted) - small 18.1

REGISTERED NUMBER: 05747009 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2017

FOR

THE YORKSHIRE PARTY COMPANY LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr T Williams

Mrs B Williams

Mr B J Williams

Mr L A Williams

Mr J M Williams

SECRETARY:

Mrs B Williams

REGISTERED OFFICE:

5E Keld Close

Melmerby Business Park,

Ripon

North Yorkshire

HG4 5NB

REGISTERED NUMBER:

05747009 (England and Wales)

ACCOUNTANTS:

Momentum Taxation and Accountancy Ltd

Harelands Courtyard Offices

Moor Road

Melsonby

Richmond

North Yorkshire

DL10 5NY

FIXED ASSETS

Intangible assets

4

28,900

32,300

Tangible assets

5

278,161

253,905

307,061

286,205

CURRENT ASSETS

Stocks

29,426

31,614

Debtors

6

135,611

296,623

Cash at bank and in hand

271,105

308,165

436,142

636,402

CREDITORS

Amounts falling due within one year

7

239,289

296,278

NET CURRENT ASSETS

196,853

340,124

TOTAL ASSETS LESS CURRENT LIABILITIES

503,914

626,329

CREDITORS

Amounts falling due after more than one year

8

(81,451

)

(77,984

)

PROVISIONS FOR LIABILITIES

(38,551

)

(35,045

)

NET ASSETS

383,912

513,300

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

383,812

513,200

SHAREHOLDERS' FUNDS

383,912

513,300

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2017 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 of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 20 April 2018 and were signed on its behalf by:

Mr T Williams - Director

1.	STATUTORY INFORMATION

The Yorkshire Party Company Limited is a private company, limited by shares , registered in England

and Wales. The company's registered number and registered office address can be found on the

Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" 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 cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding

discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2007, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are

measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Improvements to property

-

2% on cost

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

20% on reducing balance

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 Income

Statement, 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.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed

at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods

different from those in which they are recognised in financial statements. Deferred tax is measured

using tax rates and laws that have been enacted or substantively enacted by the year end and that

are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is

probable that they will be recovered against the reversal of deferred tax liabilities or other future

taxable profits.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet.

Those held under hire purchase contracts are depreciated over their estimated useful lives. Those

held under finance leases are depreciated over their estimated useful lives or the lease term,

whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The

capital element of the future payments is treated as a liability.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 58 .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 October 2016

and 30 September 2017

68,000

AMORTISATION

At 1 October 2016

35,700

Amortisation for year

3,400

At 30 September 2017

39,100

NET BOOK VALUE

At 30 September 2017

28,900

At 30 September 2016

32,300

5.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Plant and

and

Motor

property

machinery

fittings

vehicles

Totals

£

£

£

£

£

COST

At 1 October 2016

73,277

284,754

32,685

69,154

459,870

Additions

1,187

61,314

2,881

-

65,382

At 30 September 2017

74,464

346,068

35,566

69,154

525,252

DEPRECIATION

At 1 October 2016

5,927

151,440

19,953

28,645

205,965

Charge for year

1,489

29,194

2,341

8,102

41,126

At 30 September 2017

7,416

180,634

22,294

36,747

247,091

NET BOOK VALUE

At 30 September 2017

67,048

165,434

13,272

32,407

278,161

At 30 September 2016

67,350

133,314

12,732

40,509

253,905

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

Motor

machinery

vehicles

Totals

£

£

£

COST

At 1 October 2016

103,761

57,625

161,386

Additions

61,314

-

61,314

At 30 September 2017

165,075

57,625

222,700

DEPRECIATION

At 1 October 2016

28,794

20,745

49,539

Charge for year

20,442

7,376

27,818

At 30 September 2017

49,236

28,121

77,357

NET BOOK VALUE

At 30 September 2017

115,839

29,504

145,343

At 30 September 2016

74,967

36,880

111,847

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade debtors

74,572

37,767

Other debtors

61,039

258,856

135,611

296,623

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Bank loans and overdrafts

1,379

1,679

Hire purchase contracts

35,910

27,061

Trade creditors

79,103

98,875

Taxation and social security

108,622

142,737

Other creditors

14,275

25,926

239,289

296,278

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2017

2016

£

£

Hire purchase contracts

81,451

77,984

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended

30 September 2017 and 30 September 2016:

2017

2016

£

£

Mr T Williams and Mrs B Williams

Balance outstanding at start of year

65,067

48,718

Amounts advanced

137,684

125,227

Amounts repaid

(149,000

)

(108,878

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

53,751

65,067

All advances to Directors are repayable on demand and interest is charged at the official rate

published by HM Revenue & Customs.

10.	ULTIMATE CONTROLLING PARTY

The controlling party is Mr & Mrs Williams.