Yorkshire Business Systems Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 04306679

YORKSHIRE BUSINESS SYSTEMS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2018

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr M D Wilson

REGISTERED OFFICE:

4 Carron Drive

Mapplewell

Barnsley

South Yorkshire

S75 6GA

REGISTERED NUMBER:

04306679

ACCOUNTANTS:

Harrison & Co

Chartered Accountants

531 Denby Dale Road West

Calder Grove

Wakefield

West Yorkshire

WF4 3ND

FIXED ASSETS

Tangible assets

4

781

1,374

CURRENT ASSETS

Stocks

13,721

-

Debtors

27,754

15,176

Cash at bank

27,264

56,043

68,739

71,219

CREDITORS

Amounts falling due within one year

55,199

69,481

NET CURRENT ASSETS

13,540

1,738

TOTAL ASSETS LESS CURRENT LIABILITIES

14,321

3,112

CREDITORS

Amounts falling due after more than one year

(362

)

(2,214

)

PROVISIONS FOR LIABILITIES

(148

)

(275

)

NET ASSETS

13,811

623

CAPITAL AND RESERVES

Called up share capital

6

6

Retained earnings

13,805

617

SHAREHOLDERS' FUNDS

13,811

623

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2018 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 March 2018 in accordance with Section 444(2A) of the Companies Act 2006.

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

The financial statements were approved by the director on 29 November 2018 and were signed by:

Mr M D Wilson - Director

1.	STATUTORY INFORMATION

Yorkshire Business Systems Limited is a private company, limited by shares , registered in Not specified/Other.

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 comprises the value of sales (net of value added tax, similar taxes and trade discounts) of goods and

services provided in the normal course of business. Turnover is recognised when the goods are despatched,

which is the same day on which the goods are delivered and hence is the point at which the risks and rewards of

ownership pass to the buyer.

Turnover in respect of service contracts is recognised when the company obtains the right to receive

consideration for the services rendered to its customer.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

33% on cost

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2017 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 April 2017

1,844

3,513

5,357

Additions

373

-

373

At 31 March 2018

2,217

3,513

5,730

DEPRECIATION

At 1 April 2017

1,474

2,509

3,983

Charge for year

170

796

966

At 31 March 2018

1,644

3,305

4,949

NET BOOK VALUE

At 31 March 2018

573

208

781

At 31 March 2017

370

1,004

1,374

5.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr M D Wilson.