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REGISTERED NUMBER: SC416814 (Scotland)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2023

FOR

WILLIAM YUILLE LTD

WILLIAM YUILLE LTD (REGISTERED NUMBER: SC416814)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


WILLIAM YUILLE LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2023







DIRECTOR: I Yuille



REGISTERED OFFICE: Grangeston
GIRVAN
Ayrshire
KA26 9PY



REGISTERED NUMBER: SC416814 (Scotland)



ACCOUNTANTS: Galbraith Pritchards
Chartered Accountants
16 Hamilton Street
Girvan
Ayrshire
KA26 9EY



BANKERS: The Royal Bank of Scotland
14 Dalrymple Street
Girvan
Ayrshire
KA26 9AF

WILLIAM YUILLE LTD (REGISTERED NUMBER: SC416814)

BALANCE SHEET
30 APRIL 2023

30/4/23 30/4/22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 396,789 407,143
Investment property 5 30,000 30,000
426,789 437,143

CURRENT ASSETS
Stocks 6 86,760 91,420
Debtors 7 101,037 111,155
Cash at bank and in hand 130,625 44,578
318,422 247,153
CREDITORS
Amounts falling due within one year 8 294,788 282,000
NET CURRENT ASSETS/(LIABILITIES) 23,634 (34,847 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

450,423

402,296

PROVISIONS FOR LIABILITIES 92,004 64,811
NET ASSETS 358,419 337,485

CAPITAL AND RESERVES
Called up share capital 200,000 200,000
Revaluation reserve 9 30,000 30,000
Retained earnings 128,419 107,485
SHAREHOLDERS' FUNDS 358,419 337,485

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2023 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.

WILLIAM YUILLE LTD (REGISTERED NUMBER: SC416814)

BALANCE SHEET - continued
30 APRIL 2023


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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 27 September 2023 and were signed by:





I Yuille - Director


WILLIAM YUILLE LTD (REGISTERED NUMBER: SC416814)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023


1. STATUTORY INFORMATION

William Yuille Ltd is a private company, limited by shares , registered in Scotland. 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 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.

TURNOVER
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Freehold property - not provided
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance

A review of impairment is carried out at each reporting date. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

INVESTMENT PROPERTY
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

STOCKS
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

FINANCIAL INSTRUMENTS
The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

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.


WILLIAM YUILLE LTD (REGISTERED NUMBER: SC416814)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2023


2. ACCOUNTING POLICIES - continued
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.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 8 (2022 - 10 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 May 2022 6,871 681,193 5,068 149,577 842,709
Additions - 78,632 732 15,970 95,334
Disposals - - - (59,346 ) (59,346 )
At 30 April 2023 6,871 759,825 5,800 106,201 878,697
DEPRECIATION
At 1 May 2022 - 370,683 3,861 61,022 435,566
Charge for year - 48,397 291 15,837 64,525
Eliminated on disposal - - - (18,183 ) (18,183 )
At 30 April 2023 - 419,080 4,152 58,676 481,908
NET BOOK VALUE
At 30 April 2023 6,871 340,745 1,648 47,525 396,789
At 30 April 2022 6,871 310,510 1,207 88,555 407,143

WILLIAM YUILLE LTD (REGISTERED NUMBER: SC416814)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2023


4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and
machinery
£   
COST
At 1 May 2022 234,919
Additions 72,000
Transfer to ownership (166,919 )
At 30 April 2023 140,000
DEPRECIATION
At 1 May 2022 56,977
Charge for year 9,480
Transfer to ownership (52,171 )
At 30 April 2023 14,286
NET BOOK VALUE
At 30 April 2023 125,714
At 30 April 2022 177,942

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 May 2022
and 30 April 2023 30,000
NET BOOK VALUE
At 30 April 2023 30,000
At 30 April 2022 30,000

6. STOCKS
30/4/23 30/4/22
£    £   
Stocks and work in progress 86,760 91,420

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/4/23 30/4/22
£    £   
Trade debtors 97,426 106,929
Other debtors 11 2,266
VAT 2,726 -
Prepayments and accrued income - 1,960
Prepayments 874 -
101,037 111,155

WILLIAM YUILLE LTD (REGISTERED NUMBER: SC416814)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2023


8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/4/23 30/4/22
£    £   
Hire purchase contracts 40,555 40,278
Trade creditors 128,136 47,654
Tax 18,872 27,337
Social security and other taxes 1,065 2,532
VAT - 9,244
Other creditors 24,322 24,331
Directors' loan accounts 78,166 127,311
Accrued expenses 3,672 3,313
294,788 282,000

9. RESERVES
Revaluation
reserve
£   
At 1 May 2022
and 30 April 2023 30,000

10. ULTIMATE CONTROLLING PARTY

The company is under the control of the directors and there is no ultimate controlling party.