2022-03-01 12462257 2023-02-28 12462257 2022-03-01 2023-02-28 12462257 2022-02-28 12462257 2021-03-01 2022-02-28 12462257 uk-core:WithinOneYear 2022-02-28 12462257 uk-core:WithinOneYear 2023-02-28 12462257 uk-core:RetainedEarningsAccumulatedLosses 2023-02-28 12462257 uk-core:RetainedEarningsAccumulatedLosses 2022-02-28 12462257 uk-bus:Director1 2022-03-01 2023-02-28 12462257 uk-bus:Director2 2022-03-01 2023-02-28 12462257 uk-core:PlantMachinery 2022-03-01 2023-02-28 12462257 uk-core:CommercialMotorVehicles 2022-03-01 2023-02-28 12462257 uk-core:FurnitureFittings 2022-03-01 2023-02-28 12462257 uk-core:FurnitureFittings 2022-02-28 12462257 uk-core:CommercialMotorVehicles 2022-02-28 12462257 uk-core:PlantMachinery 2022-02-28 12462257 uk-core:PlantMachinery 2023-02-28 12462257 uk-core:CommercialMotorVehicles 2023-02-28 12462257 uk-core:FurnitureFittings 2023-02-28 12462257 uk-core:WithinOneYear 2023-02-28 12462257 uk-core:WithinOneYear 2022-02-28 iso4217:GBP xbrli:pure 12462257 uk-bus:AuditExemptWithAccountantsReport 2022-03-01 2023-02-28 12462257 uk-bus:FRS102 2022-03-01 2023-02-28 12462257 uk-bus:FullAccounts 2022-03-01 2023-02-28 12462257 uk-bus:PrivateLimitedCompanyLtd 2022-03-01 2023-02-28
Yorkshire Gaskets Limited
Registered Number:12462257
For the year ended 28 February 2023
England and Wales
Unaudited Financial Statements
2
For the year ended 28 February 2023
Yorkshire Gaskets Limited
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
3
Registered Number :
12462257
As at 28 February 2023
Yorkshire Gaskets Limited
Statement of Financial Position
£
£
2022
2023
Notes
Fixed assets
Property, plant and equipment
132,719
124,763
2
Financial assets
(15,000)
-
132,719
109,763
Current assets
Inventories
2,506
2,506
3
Trade and other receivables
99,826
151,135
4
48,112
Cash and cash equivalents
37,911
191,552
150,444
Trade and other payables: amounts falling due within one
year
(169,679)
(186,157)
5
(19,235)
5,395
Net current assets
Total assets less current liabilities
138,114
90,528
138,114
Net assets
90,528
Capital and reserves
Retained earnings
138,114
90,528
138,114
90,528
Shareholders' funds
For the year ended 28 February 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 28 February 2023 in accordance with Section 476 of the Companies Act 2006
The directors acknowledge their 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.
Mr Andrew Hatchman Director
Mr Steven Turner Director
These financial statements were approved and authorised for issue by the Board on 05 April 2023 and were signed by:
The notes form part of these financial statements
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4
For the year ended 28 February 2023
Yorkshire Gaskets Limited
Notes to the Financial Statements
Statutory Information
Yorkshire Gaskets Limited is a private limited company, limited by shares, domiciled in England and Wales,
registration number 12462257.
Registered address:
New Leaf, 12
Turners Avenue
Tenterden
England
TN30 6QL
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.
Property, plant and equipment
Property, plant and equipment, 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:
Plant and Machinery
25 Reducing balance
25 Reducing balance
Motor Vehicles
25 Reducing balance
Furniture and Fittings
2. Property, plant and equipment
Total
Furniture and
Fittings
Motor Vehicles
Plant and
Machinery
£
£
£
£
Cost or
valuation
At 01 March 2022
166,350
165
-
166,185
52,194
-
52,194
-
Additions
At 28 February 2023
166,185
52,194
165
218,544
Provision for depreciation and impairment
At 01 March 2022
41,587
41
-
41,546
Charge for year
44,238
31
13,048
31,159
At 28 February 2023
85,825
72
13,048
72,705
At 28 February 2023
Net book value
93,480
39,146
93
132,719
At 28 February 2022
124,639
-
124
124,763
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5
For the year ended 28 February 2023
Yorkshire Gaskets Limited
Notes to the Financial Statements Continued
3. Inventories
2022
2023
£
£
Stocks
2,506
2,506
4. Trade and other receivables
2022
2023
£
£
Trade debtors
151,135
99,826
5. Trade and other payables: amounts falling due within one year
2022
2023
£
£
Bank loans and overdraft
919
1,056
Trade creditors
90,389
138,086
Taxation and social security
18,803
12,187
Other creditors
76,046
18,350
186,157
169,679
6. Average number of persons employed
During the year the average number of employees was 0 (2022 : 6)
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