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REGISTERED NUMBER: 07137624 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2023

FOR

YORKSHIRE SOAP COMPANY LIMITED

YORKSHIRE SOAP COMPANY LIMITED (REGISTERED NUMBER: 07137624)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


YORKSHIRE SOAP COMPANY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2023







DIRECTORS: W L Booth
M P Doyle



SECRETARY: W L Booth



REGISTERED OFFICE: Unit 34 The Raylor Centre
James Street
York
YO10 3DW



REGISTERED NUMBER: 07137624 (England and Wales)



ACCOUNTANTS: Reed Smith Associates Limited
Copia House
Great Cliffe Court
Great Cliffe Road
Barnsley
South Yorkshire
S75 3SP



BANKERS: Barclays Bank plc
Leicester
LE87 2BB

YORKSHIRE SOAP COMPANY LIMITED (REGISTERED NUMBER: 07137624)

BALANCE SHEET
31 JANUARY 2023

31.1.23 31.1.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 567,582 266,013

CURRENT ASSETS
Stocks 795,724 485,508
Debtors 5 84,605 37,628
Cash at bank and in hand 780,303 967,854
1,660,632 1,490,990
CREDITORS
Amounts falling due within one year 6 538,845 255,644
NET CURRENT ASSETS 1,121,787 1,235,346
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,689,369

1,501,359

CREDITORS
Amounts falling due after more than one
year

7

(91,951

)

-

PROVISIONS FOR LIABILITIES (139,361 ) (54,123 )
NET ASSETS 1,458,057 1,447,236

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,457,957 1,447,136
1,458,057 1,447,236

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

YORKSHIRE SOAP COMPANY LIMITED (REGISTERED NUMBER: 07137624)

BALANCE SHEET - continued
31 JANUARY 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 October 2023 and were signed on its behalf by:




M P Doyle - Director



W L Booth - Director


YORKSHIRE SOAP COMPANY LIMITED (REGISTERED NUMBER: 07137624)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023


1. STATUTORY INFORMATION

Yorkshire Soap Company 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 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 each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

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 Statement of Income and Retained Earnings, 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.

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.

YORKSHIRE SOAP COMPANY LIMITED (REGISTERED NUMBER: 07137624)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2023


2. ACCOUNTING POLICIES - continued

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 79 (2022 - 76 ) .

4. TANGIBLE FIXED ASSETS
Fixtures,
fittings
Short and Motor
leasehold equipment vehicles Totals
£    £    £    £   
COST
At 1 February 2022 10,135 467,486 19,160 496,781
Additions - 228,176 158,821 386,997
Disposals - - (26,275 ) (26,275 )
At 31 January 2023 10,135 695,662 151,706 857,503
DEPRECIATION
At 1 February 2022 - 218,092 12,676 230,768
Charge for year - 48,812 18,616 67,428
Eliminated on disposal - - (8,275 ) (8,275 )
At 31 January 2023 - 266,904 23,017 289,921
NET BOOK VALUE
At 31 January 2023 10,135 428,758 128,689 567,582
At 31 January 2022 10,135 249,394 6,484 266,013

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
Additions 111,629
At 31 January 2023 111,629
DEPRECIATION
Charge for year 6,977
At 31 January 2023 6,977
NET BOOK VALUE
At 31 January 2023 104,652

YORKSHIRE SOAP COMPANY LIMITED (REGISTERED NUMBER: 07137624)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2023


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.23 31.1.22
£    £   
Corporation tax 29,985 12,165
Prepayments and other debtors 54,620 25,463
84,605 37,628

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.23 31.1.22
£    £   
Hire purchase contracts 8,140 -
Trade creditors 155,182 83,307
Current corporation tax - 47,807
Other taxation and social security 252,213 32,278
Directors' current accounts 723 1,625
Accruals and other creditors 122,587 90,627
538,845 255,644

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.1.23 31.1.22
£    £   
Hire purchase contracts 91,951 -

8. SECURED DEBTS

The following secured debts are included within creditors:

31.1.23 31.1.22
£    £   
Hire purchase contracts 100,091 -