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Richard Yorke Ltd
Registered Number:04374896
For the year ended 31 January 2023
England and Wales
Unaudited Financial Statements
2
For the year ended 31 January 2023
Richard Yorke Ltd
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
3
Registered Number :
04374896
As at 31 January 2023
Richard Yorke Ltd
Statement of Financial Position
£
£
2022
2023
Notes
Fixed assets
Property, plant and equipment
565,195
438,243
2
565,195
438,243
Current assets
Inventories
37,439
23,699
3
Trade and other receivables
144,513
214,756
4
284,378
Cash and cash equivalents
231,260
469,715
466,330
Trade and other payables: amounts falling due within one
year
(684,120)
(694,101)
5
(217,790)
(224,386)
Net current liabilities
Total assets less current liabilities
340,809
220,453
Trade and other payables: amounts falling due after more
than one year
(45,246)
(26,484)
6
314,325
Net assets
175,207
Capital and reserves
Called up share capital
225
225
Retained earnings
314,100
174,982
314,325
175,207
Shareholders' funds
For the year ended 31 January 2023 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
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 director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Richard Yorke Director
These financial statements were approved and authorised for issue by the Board on 27 October 2023 and were signed by:
The notes form part of these financial statements
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4
For the year ended 31 January 2023
Richard Yorke Ltd
Notes to the Financial Statements
Statutory Information
Richard Yorke Ltd is a private limited company, limited by shares, domiciled in England and Wales, registration
number 04374896.
Registered address:
Penshwa
Cefn Mawr
Newtown
Powys
SY16 3LY
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A 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 costs convention as
modified by the revaluation of certain assets.
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Land and buildings
0% Per annum on cost
Plant and machinery
15% Reducing balance
25% Reducing balance
Motor vehicles
15% Reducing balance
Fixtures and fittings
Inventories
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
Hire purchase and leasing commitments
Rentals payable under operating leases are charged against income on a straight line basis over the lease term. The finance element of the rental payment is charged to the profit and loss account on a straight line basis.
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5
For the year ended 31 January 2023
Richard Yorke Ltd
Notes to the Financial Statements Continued
2. Property, plant and equipment
Total
Fixtures and
fittings
Motor vehicles
Plant and
machinery
Land and
buildings
£
£
£
£
£
Cost or
valuation
At 01 February 2022
1,326,059
24,470
555,537
684,924
61,128
274,698
326
216,200
58,172
-
Additions
-
(49,750)
(7,700)
-
Disposals
(57,450)
At 31 January 2023
735,396
721,987
24,796
1,543,307
61,128
Provision for depreciation and impairment
At 01 February 2022
887,816
9,562
449,815
428,439
-
Charge for year
124,126
2,284
74,744
47,098
-
(33,830)
-
(26,803)
(7,027)
-
On disposal
At 31 January 2023
978,112
11,846
497,756
468,510
-
At 31 January 2023
Net book value
61,128
266,886
224,231
12,950
565,195
At 31 January 2022
61,128
256,485
105,722
14,908
438,243
3. Inventories
2022
2023
£
£
Stocks
23,699
37,439
4. Trade and other receivables
2022
2023
£
£
Trade debtors
213,636
143,312
Other debtors
1,120
1,201
144,513
214,756
5. Trade and other payables: amounts falling due within one year
2022
2023
£
£
Trade creditors
102,176
206,818
Taxation and social security
87,831
68,781
Other creditors
504,094
408,521
694,101
684,120
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6
For the year ended 31 January 2023
Richard Yorke Ltd
Notes to the Financial Statements Continued
6. Trade and other payables: amounts falling due after more than one year
2022
2023
£
£
Bank loans and overdraft (secured)
26,484
45,246
7. Average number of persons employed
During the year the average number of employees was 14 (2022 : 15)
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