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REGISTERED NUMBER: 10621272 (England and Wales)















Unaudited Financial Statements

for the Year Ended

31 July 2023

for

Yeoman Yarns Limited

Yeoman Yarns Limited (Registered number: 10621272)

Contents of the Financial Statements
for the Year Ended 31 July 2023










Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


Yeoman Yarns Limited

Company Information
for the Year Ended 31 July 2023







DIRECTOR: D J Williams





REGISTERED OFFICE: 57 Craven Street
Leicester
LE1 4BX





REGISTERED NUMBER: 10621272 (England and Wales)





ACCOUNTANTS: The Rowleys Partnership Ltd
Chartered Accountants
Charnwood House
Harcourt Way
Meridian Business Park
Leicester
Leicestershire
LE19 1WP

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Yeoman Yarns Limited


The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Yeoman Yarns Limited for the year ended 31 July 2023 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Yeoman Yarns Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Yeoman Yarns Limited and state those matters that we have agreed to state to the director of Yeoman Yarns Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Yeoman Yarns Limited and its director for our work or for this report.

It is your duty to ensure that Yeoman Yarns Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Yeoman Yarns Limited. You consider that Yeoman Yarns Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Yeoman Yarns Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






The Rowleys Partnership Ltd
Chartered Accountants
Charnwood House
Harcourt Way
Meridian Business Park
Leicester
Leicestershire
LE19 1WP


3 November 2023

Yeoman Yarns Limited (Registered number: 10621272)

Balance Sheet
31 July 2023

31.7.23 31.7.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 10,000 12,000
Tangible assets 5 8,061 10,233
18,061 22,233

CURRENT ASSETS
Stocks 96,734 103,270
Debtors 6 21,843 62,378
Cash at bank and in hand 62,223 75,204
180,800 240,852
CREDITORS
Amounts falling due within one year 7 146,104 211,477
NET CURRENT ASSETS 34,696 29,375
TOTAL ASSETS LESS CURRENT
LIABILITIES

52,757

51,608

PROVISIONS FOR LIABILITIES 1,709 1,866
NET ASSETS 51,048 49,742

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 50,948 49,642
SHAREHOLDERS' FUNDS 51,048 49,742

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Yeoman Yarns Limited (Registered number: 10621272)

Balance Sheet - continued
31 July 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 director and authorised for issue on 3 November 2023 and were signed by:





D J Williams - Director


Yeoman Yarns Limited (Registered number: 10621272)

Notes to the Financial Statements
for the Year Ended 31 July 2023


1. STATUTORY INFORMATION

Yeoman Yarns 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2019, is being amortised evenly over its estimated useful life of ten years.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% reducing balance
Fixtures and fittings - 25% reducing balance
Motor vehicles - 25% reducing balance
Computer equipment - 33% straight line basis

Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing stock to its present location and condition. Provision is made for damaged, obsolete and slow-moving stock where appropriate.

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.


Yeoman Yarns Limited (Registered number: 10621272)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023


2. ACCOUNTING POLICIES - continued
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.

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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit and loss over the relevant period. the capital element of the future payments is treated as a liability.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2022 - 5 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 August 2022
and 31 July 2023 20,000
AMORTISATION
At 1 August 2022 8,000
Amortisation for year 2,000
At 31 July 2023 10,000
NET BOOK VALUE
At 31 July 2023 10,000
At 31 July 2022 12,000

Yeoman Yarns Limited (Registered number: 10621272)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023


5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 August 2022 22,990 4,013 3,588 945 31,536
Additions - - - 1,847 1,847
Disposals - - (3,588 ) - (3,588 )
At 31 July 2023 22,990 4,013 - 2,792 29,795
DEPRECIATION
At 1 August 2022 15,561 2,344 2,453 945 21,303
Charge for year 1,858 417 - 609 2,884
Eliminated on disposal - - (2,453 ) - (2,453 )
At 31 July 2023 17,419 2,761 - 1,554 21,734
NET BOOK VALUE
At 31 July 2023 5,571 1,252 - 1,238 8,061
At 31 July 2022 7,429 1,669 1,135 - 10,233

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Trade debtors 19,800 49,436
Amounts owed by group undertakings - 10,000
Prepayments and accrued income 2,043 2,942
21,843 62,378

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Trade creditors 36,659 95,665
Amounts owed to group undertakings 84,298 90,726
Corporation tax 2,359 5,624
Social security and other taxes 1,688 4,754
VAT 19,503 12,360
Other creditors 997 2,348
Accruals and deferred income 600 -
146,104 211,477

Yeoman Yarns Limited (Registered number: 10621272)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023


8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.7.23 31.7.22
value: £    £   
100 Ordinary £1 100 100

9. OTHER FINANCIAL COMMITMENTS

The company had total guarantees and commitments at the balance sheet date of £14,400 (2022 - £nil).