Yendall Hunter Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 09410777 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2018

FOR

YENDALL HUNTER LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTORS:

M J Hunter

A E Yendall

REGISTERED OFFICE:

75 Park Lane

Croydon

Surrey

CR9 1XS

REGISTERED NUMBER:

09410777 (England and Wales)

AUDITORS:

Kings Mill Partnership

Chartered Accountants and Statutory Auditors

75 Park Lane

Croydon

Surrey

CR9 1XS

FIXED ASSETS

Tangible assets

4

93,474

115,917

CURRENT ASSETS

Debtors

5

5,492,070

4,143,075

Cash at bank

3,191,134

2,225,923

8,683,204

6,368,998

CREDITORS

Amounts falling due within one year

6

1,649,593

1,520,584

NET CURRENT ASSETS

7,033,611

4,848,414

TOTAL ASSETS LESS CURRENT LIABILITIES

7,127,085

4,964,331

PROVISIONS FOR LIABILITIES

8

11,799

13,082

NET ASSETS

7,115,286

4,951,249

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

7,115,186

4,951,149

SHAREHOLDERS' FUNDS

7,115,286

4,951,249

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 3 December 2018 and were signed on its behalf by:

A E Yendall - Director

1.	STATUTORY INFORMATION

Yendall Hunter 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 stated net of VAT and trade discount. Turnover from supply of services represents the value of

services provided under contracts to the extent that there is a right to consideration and is recorded at the value of

the consideration due. Where a contract has only been partially completed at the balance sheet date, Turnover

payments are received from clients in advance of services provided, the amounts are recorded as deferred income

and included as part of creditors due within one year. Unbilled revenue on individual client assignments is

included as unbilled amounts for client work within debtors.

Tangible fixed assets

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

Plant and machinery

20% straight line

Fixtures and fittings

20% straight line

Computer equipment

33.33% straight line

Leasehold improvements

20% straight line

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 statement of financial position date.

Deferred tax

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

statement of financial position 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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the

statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate of

exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the

operating result.

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.

Operating leases

Payments made under operating leases are charged to the profit and loss account as incurred over the lease term

on a straight-line basis.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2017 - 16 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Short

Plant and

and

Computer

leasehold

machinery

fittings

equipment

Totals

£

£

£

£

£

COST

At 1 April 2017

77,854

61,227

23,446

37,009

199,536

Additions

-

8,310

-

16,966

25,276

Disposals

-

-

-

(15,824

)

(15,824

)

At 31 March 2018

77,854

69,537

23,446

38,151

208,988

DEPRECIATION

At 1 April 2017

30,789

23,405

9,378

20,047

83,619

Charge for year

15,688

12,859

4,690

14,482

47,719

Eliminated on disposal

-

-

-

(15,824

)

(15,824

)

At 31 March 2018

46,477

36,264

14,068

18,705

115,514

NET BOOK VALUE

At 31 March 2018

31,377

33,273

9,378

19,446

93,474

At 31 March 2017

47,065

37,822

14,068

16,962

115,917

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade debtors

3,557,672

2,361,203

Amounts owed by group undertakings

700,000

500,000

Other debtors

418

-

Unbilled amounts for client work

1,058,635

1,146,714

Prepayments

175,345

135,158

5,492,070

4,143,075

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade creditors

69,591

291,177

Corporation tax

399,337

397,022

Social security and other taxes

403,660

468,223

Other creditors

245,822

241,353

Amounts owed to group undertakings

6,403

6,555

Accruals and Deferred Income

524,780

116,254

1,649,593

1,520,584

7.	LEASING AGREEMENTS

The minimum uncancellable lease payments which the company is committed to make are:

2017

2016

£

£

Payments due:

Not later than one year

111,470

111,470

Later than one year and not later than five years

108,416

219,866

Later than five years

-

-

219,886

331,336

8.	PROVISIONS FOR LIABILITIES

2018

2017

£

£

Deferred tax

11,799

13,082

Deferred

tax

£

Balance at 1 April 2017

13,082

Provided during year

(1,283

)

Balance at 31 March 2018

11,799

9.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Romit Basu FCA (Senior Statutory Auditor)

for and on behalf of Kings Mill Partnership

10.	RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The

Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party

transactions with parent companies within the group, being a wholly owned subsidiary.

11.	TRANSACTIONS WITH DIRECTORS

Mr M J Hunter

During the period, the company paid salaries totalling £250,000 (2017: £250,000) to the director.

Mr A E Yendall

During the period, the company paid salaries totalling £250,000 (2017: £250,000) to the director.

12.	ULTIMATE PARENT COMPANY

The ultimate parent company is YH Holdings (UK) Limited, a limited company incorporated in England &

Wales which holds 100% shareholding of Yendall Hunter Limited.