Company Registration No. 06906290 (England and Wales)
YFT Logistics Limited
Unaudited accounts
for the year ended 30 April 2023
YFT Logistics Limited
Unaudited accounts
Contents
YFT Logistics Limited
Company Information
for the year ended 30 April 2023
Directors
T W J Fitzsimmons
Y B Fitzsimmons
Company Number
06906290 (England and Wales)
YFT Logistics Limited
Statement of financial position
as at 30 April 2023
Tangible assets
3,034
4,526
Cash at bank and in hand
517,239
589,265
Creditors: amounts falling due within one year
(250,853)
(321,905)
Net current assets
357,263
360,296
Net assets
360,297
364,822
Called up share capital
1,002
1,002
Profit and loss account
359,295
363,820
Shareholders' funds
360,297
364,822
For the year ending 30 April 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 directors acknowledge their 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 of Directors and authorised for issue on 10 November 2023 and were signed on its behalf by
Y B Fitzsimmons
Director
Company Registration No. 06906290
YFT Logistics Limited
Notes to the Accounts
for the year ended 30 April 2023
YFT Logistics Limited is a private company, limited by shares, registered in England and Wales, registration number 06906290.
2
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 remained unchanged from the previous year, and also 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.
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:
Plant & machinery
25% reducing balance
Motor vehicles
25% straight line
Fixtures & fittings
25% straight line
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 May 2022
5,448
30,004
17,760
53,212
Disposals
-
(30,004)
-
(30,004)
At 30 April 2023
5,448
-
17,760
23,208
At 1 May 2022
5,240
30,004
13,442
48,686
Charge for the year
52
-
1,440
1,492
On disposals
-
(30,004)
-
(30,004)
At 30 April 2023
5,292
-
14,882
20,174
At 30 April 2023
156
-
2,878
3,034
At 30 April 2022
208
-
4,318
4,526
YFT Logistics Limited
Notes to the Accounts
for the year ended 30 April 2023
Amounts falling due within one year
Trade debtors
78,510
87,099
Other debtors
12,367
5,837
6
Creditors: amounts falling due within one year
2023
2022
Trade creditors
165,151
140,855
Taxes and social security
23,210
62,023
Other creditors
61,292
119,027
Allotted, called up and fully paid:
1,000 Ordinary shares of £1 each
1,000
1,000
2 B Ordinary shares of £1 each
2
2
8
Average number of employees
During the year the average number of employees was 3 (2022: 4).