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REGISTERED NUMBER: 04104813 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2021

FOR

YELLOWBUS SOLUTIONS LTD

YELLOWBUS SOLUTIONS LTD (REGISTERED NUMBER: 04104813)

CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31st December 2021










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


YELLOWBUS SOLUTIONS LTD

COMPANY INFORMATION
for the Year Ended 31st December 2021







DIRECTORS: Mr D R Bennett
Mr A J Roberts



REGISTERED OFFICE: Pennine House
Salford Street
Bury
Greater Manchster
BL9 6YA



REGISTERED NUMBER: 04104813 (England and Wales)



SENIOR STATUTORY AUDITOR: Roger Blaskey



AUDITORS: Xeinadin Audit Limited
1 City Road East
Manchester
M15 4PN

YELLOWBUS SOLUTIONS LTD (REGISTERED NUMBER: 04104813)

BALANCE SHEET
31st December 2021

2021 2020
Notes £    £   
FIXED ASSETS
Intangible assets 4 23,084 50,797
Tangible assets 5 114,224 102,840
137,308 153,637

CURRENT ASSETS
Stocks 16,197 16,152
Debtors 6 463,185 470,702
Cash at bank 484,531 333,096
963,913 819,950
CREDITORS
Amounts falling due within one year 7 (385,936 ) (580,660 )
NET CURRENT ASSETS 577,977 239,290
TOTAL ASSETS LESS CURRENT LIABILITIES 715,285 392,927

PROVISIONS FOR LIABILITIES (21,703 ) (19,540 )
NET ASSETS 693,582 373,387

CAPITAL AND RESERVES
Called up share capital 9 1,179 1,061
Share premium 13,262 4,421
Retained earnings 679,141 367,905
693,582 373,387

YELLOWBUS SOLUTIONS LTD (REGISTERED NUMBER: 04104813)

BALANCE SHEET - continued
31st December 2021


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 7th September 2022 and were signed on its behalf by:





Mr A J Roberts - Director


YELLOWBUS SOLUTIONS LTD (REGISTERED NUMBER: 04104813)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31st December 2021


1. STATUTORY INFORMATION

Yellowbus Solutions Ltd is a private company limited by share capital, incorporated in England and Wales, registration number 04104813. The address of the registered office and principle place of business is Pennine House, Salford Street, Bury BL9 6YA.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Related party exemption
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 wholly owned subsidiaries within the group.

Turnover
Turnover represents amounts recognised by the company in respect of goods and services supplied, exclusive of value added tax and trade discounts. Turnover principally consists of IT support which are recognised at the point of which the goods and/or services are provided.

Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated ecologic life of 4 years.

Tangible fixed assets
Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses.

Depreciation on tangible fixed assets is charged to the profit and loss so as to write off their value, over their estimated useful lives, using the following method

Fixtures & fittings15% reducing balance
Motor vehicles25% reducing balance
Computer equipment20% reducing balance

At each balance sheet date, the company reviews the carrying amounts of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any. Where it is not possible to estimate the recoverable amount of the asset, the Company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

If the recoverable amount of an asset is estimated to be less than its carrying amount, the carrying amount of the asset is reduced to its recoverable amount. Impairment loss is recognised as an expense immediately.

YELLOWBUS SOLUTIONS LTD (REGISTERED NUMBER: 04104813)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31st December 2021


2. ACCOUNTING POLICIES - continued

Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell: the impairment loss is recognised immediately in the profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the profit and loss account, 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.

Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases, the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and in hand, demand deposits with banks. Any bank overdrafts are shown within current liabilities.

Trade and other creditors
Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method unless the effect of discounting would be immaterial, in which case they are stated at cost.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 22 (2020 - 21 ) .

YELLOWBUS SOLUTIONS LTD (REGISTERED NUMBER: 04104813)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31st December 2021


4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st January 2021
and 31st December 2021 118,333
AMORTISATION
At 1st January 2021 67,536
Charge for year 27,713
At 31st December 2021 95,249
NET BOOK VALUE
At 31st December 2021 23,084
At 31st December 2020 50,797

5. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1st January 2021 59,457 13,890 137,086 210,433
Additions 196 16,214 38,016 54,426
Disposals - (13,890 ) - (13,890 )
At 31st December 2021 59,653 16,214 175,102 250,969
DEPRECIATION
At 1st January 2021 31,677 1,158 74,758 107,593
Charge for year 1,605 2,413 27,353 31,371
Eliminated on disposal - (2,219 ) - (2,219 )
At 31st December 2021 33,282 1,352 102,111 136,745
NET BOOK VALUE
At 31st December 2021 26,371 14,862 72,991 114,224
At 31st December 2020 27,780 12,732 62,328 102,840

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Trade debtors 352,770 396,896
Other debtors 110,415 73,806
463,185 470,702

YELLOWBUS SOLUTIONS LTD (REGISTERED NUMBER: 04104813)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31st December 2021


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Bank loans and overdrafts 77 -
Trade creditors 73,662 133,846
Amounts owed to group undertakings - 42,339
Taxation and social security 127,290 209,882
Other creditors 184,907 194,593
385,936 580,660

8. SECURED DEBTS

Bank loans and overdrafts are secured by a Debenture facilitated by HSBC Bank PLC, taken on 4 November 2005, this was satisfied after the year end on 16 March 2021.

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:


Number:

Class
Nominal
Value:

2021


2020
£ £
100,000 Ordinary £0.01 1,000 1,000
17,682 Ordinary B £0.01 177 59
200 Ordinary C £0.01 2 2
1,179 1,061

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

The Report of the Auditors was unqualified.

Roger Blaskey (Senior Statutory Auditor)
for and on behalf of Xeinadin Audit Limited

11. ULTIMATE CONTROLLING PARTY

The company's ultimate parent is Nycomm Holdings Limited, incorporated in England and Wales. The parent company of the largest and smallest group that includes the company and for which group financial statements are prepared is Nycomm Holdings Limited. Consolidated financial statements of the group can be requested from Nycomm Holdings Limited, Pennine House, Salford Street, Bury, BL9 6YA.