Company Registration No. 14233057 (England and Wales)
Great Yorkshire Builders Limited
Unaudited accounts
for the period from 13 July 2022 to 31 July 2023
Great Yorkshire Builders Limited
Unaudited accounts
Contents
Great Yorkshire Builders Limited
Company Information
for the period from 13 July 2022 to 31 July 2023
Company Number
14233057 (England and Wales)
Registered Office
33 West Hall garth
South Cave
Brough
HU15 2HA
England
Accountants
Kendall Accountancy Services Limited
2 Exeter Street
New Village Road
Cottingham
East Yorkshire
HU16 4LU
Great Yorkshire Builders Limited
Statement of financial position
as at 31 July 2023
Cash at bank and in hand
6,206
Creditors: amounts falling due within one year
(84,953)
Total assets less current liabilities
72,763
Creditors: amounts falling due after more than one year
(40,221)
Profit and loss account
32,540
Shareholders' funds
32,542
For the period ending 31 July 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 in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 4 October 2023 and were signed on its behalf by
L Drummond
Director
Company Registration No. 14233057
Great Yorkshire Builders Limited
Notes to the Accounts
for the period from 13 July 2022 to 31 July 2023
Great Yorkshire Builders Limited is a private company, limited by shares, registered in England and Wales, registration number 14233057. The registered office is 33 West Hall garth, South Cave, Brough, HU15 2HA, England.
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Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
20% reducing balance
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Expenditure on research and development is written off in the year in which it is incurred.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
Great Yorkshire Builders Limited
Notes to the Accounts
for the period from 13 July 2022 to 31 July 2023
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
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Tangible fixed assets
Motor vehicles
Charge for the period
5,276
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2023
Obligations under finance leases and hire purchase contracts
9,076
Taxes and social security
22,244
Great Yorkshire Builders Limited
Notes to the Accounts
for the period from 13 July 2022 to 31 July 2023
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Creditors: amounts falling due after more than one year
2023
Obligations under finance leases and hire purchase contracts
40,221
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Average number of employees
During the period the average number of employees was 3.