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REGISTERED NUMBER: 05735411 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 April 2023

for

Yorkshire Timber and Builders Merchants
Limited

Yorkshire Timber and Builders Merchants
Limited (Registered number: 05735411)






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


Yorkshire Timber and Builders Merchants
Limited

Company Information
for the Year Ended 30 April 2023







DIRECTORS: Mr P Emmett
Mr M J Kipping
Mr D Robinson





SECRETARY: Mr D Robinson





REGISTERED OFFICE: European House
Victoria Road
Halifax
West Yorkshire
HX1 5PT





REGISTERED NUMBER: 05735411 (England and Wales)





ACCOUNTANTS: Crowther Chartered Accountants
Abacus House
Pennine Business Park
Longbow Close
Huddersfield
West Yorkshire
HD2 1GQ

Yorkshire Timber and Builders Merchants
Limited (Registered number: 05735411)

Balance Sheet
30 April 2023

30.4.23 30.4.22
Notes £ £ £ £
FIXED ASSETS
Intangible assets 4 70,927 -
Tangible assets 5 398,653 473,658
469,580 473,658

CURRENT ASSETS
Stocks 6 352,000 219,800
Debtors 7 1,357,938 1,386,528
Cash at bank and in hand 2,347,153 2,107,691
4,057,091 3,714,019
CREDITORS
Amounts falling due within one year 8 2,148,089 2,430,836
NET CURRENT ASSETS 1,909,002 1,283,183
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,378,582

1,756,841

CREDITORS
Amounts falling due after more than one
year

9

-

(49,500

)

PROVISIONS FOR LIABILITIES (94,051 ) (72,197 )
NET ASSETS 2,284,531 1,635,144

CAPITAL AND RESERVES
Called up share capital 103 103
Retained earnings 2,284,428 1,635,041
SHAREHOLDERS' FUNDS 2,284,531 1,635,144

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 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 Timber and Builders Merchants
Limited (Registered number: 05735411)

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 Board of Directors and authorised for issue on 7 November 2023 and were signed on its behalf by:




Mr P Emmett - Director Mr M J Kipping - Director




Mr D Robinson - Director


Yorkshire Timber and Builders Merchants
Limited (Registered number: 05735411)

Notes to the Financial Statements
for the Year Ended 30 April 2023

1. STATUTORY INFORMATION

Yorkshire Timber and Builders Merchants 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.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of nil years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Short leasehold - 10% on cost
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

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 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.

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.

Yorkshire Timber and Builders Merchants
Limited (Registered number: 05735411)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2023

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
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 29 (2022 - 29 ) .

4. INTANGIBLE FIXED ASSETS
Computer
software
£
COST
Additions 71,523
At 30 April 2023 71,523
AMORTISATION
Amortisation for year 596
At 30 April 2023 596
NET BOOK VALUE
At 30 April 2023 70,927

5. TANGIBLE FIXED ASSETS
Fixtures
Short Plant and and
leasehold machinery fittings
£ £ £
COST
At 1 May 2022 3,432 93,912 93,239
Additions - - 605
Disposals - - -
At 30 April 2023 3,432 93,912 93,844
DEPRECIATION
At 1 May 2022 3,087 57,501 72,811
Charge for year 345 7,283 3,156
Eliminated on disposal - - -
At 30 April 2023 3,432 64,784 75,967
NET BOOK VALUE
At 30 April 2023 - 29,128 17,877
At 30 April 2022 345 36,411 20,428

Yorkshire Timber and Builders Merchants
Limited (Registered number: 05735411)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2023

5. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£ £ £
COST
At 1 May 2022 650,034 14,105 854,722
Additions 211,319 - 211,924
Disposals (372,014 ) - (372,014 )
At 30 April 2023 489,339 14,105 694,632
DEPRECIATION
At 1 May 2022 233,560 14,105 381,064
Charge for year 78,570 - 89,354
Eliminated on disposal (174,439 ) - (174,439 )
At 30 April 2023 137,691 14,105 295,979
NET BOOK VALUE
At 30 April 2023 351,648 - 398,653
At 30 April 2022 416,474 - 473,658

Included in the above are assets held on hire purchase with a NBV of £nil (2022 - £92,812). The depreciation charge for the year in relation to these assets is £nil (2022 - £30,938).

6. STOCKS
30.4.23 30.4.22
£ £
Stocks 352,000 219,800

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.23 30.4.22
£ £
Trade debtors 1,073,524 1,127,659
Other debtors 13,426 13,426
Directors' loan accounts 252,398 229,824
Prepayments 18,590 15,619
1,357,938 1,386,528

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.23 30.4.22
£ £
Hire purchase contracts - 39,600
Trade creditors 1,868,399 2,174,788
Tax 209,346 109,234
Social security and other tax 8,337 6,249
VAT 38,549 80,765
Other creditors 17,079 13,742
Accrued expenses 6,379 6,458
2,148,089 2,430,836

Yorkshire Timber and Builders Merchants
Limited (Registered number: 05735411)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2023

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.4.23 30.4.22
£ £
Hire purchase contracts - 49,500

10. SECURED DEBTS

The following secured debts are included within creditors:

30.4.23 30.4.22
£ £
Hire purchase contracts - 89,100

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 April 2023 and 30 April 2022:

30.4.2330.4.22
££
Director 1
Balance outstanding at start of year73,78395,303
Amounts advanced88,35373,830
Amounts repaid(75,390)(95,350)
Balance outstanding at end of year86,74673,783

Director 2
Balance outstanding at start of year97,36591,091
Amounts advanced109,61697,374
Amounts repaid(97,370)(91,100)
Balance outstanding at end of year109,61197,365
Director 3
Balance outstanding at start of year58,67690,637
Amounts advanced56,04559,139
Amounts repaid(58,680)(91,100)
Balance outstanding at end of year56,04058,676



12. ULTIMATE CONTROLLING PARTY

The controlling party is Mr P Emmett.