Y_AND_L_PRODUCTS_LTD - Accounts

The director has provided the company with capital in the form of an interest free loan. At 31st March 2018 and included within 'Creditors: amounts due within one year' is a loan amounting to £35,867 (2017: £52,865).

During the year the company paid W Metcalfe & Sons Ltd £11,702 (2017: £16,917) for haulage and management services provided. This was on a normal commercial basis. Mr K P Metcalfe is the sole director and shareholder of W Metcalfe and Sons Ltd.

Due to the continued financial support of the director, it is considered appropriate to prepare the accounts on a going concern basis.

The average number of persons (including directors) employed by the company during the year was 1 (2017 - 1)

The company has estimated losses of £25,156 (2017: £38,952) available to carry forward against future trading profits.

Y and L Products Ltd is a private company limited by shares incorporated in England and Wales. The registered office is Corn Close, Appersett, Hawes, North Yorkshire, DL8 3LN.

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.

For the year ended 31 March 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared in accordance with the micro-entity provisions and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime' and delivered in accordance with the provisions applicable to companies subject to the small companies regime.