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REGISTERED NUMBER: SC195845 (Scotland)















Unaudited Financial Statements for the Year Ended 31 December 2022

for

Brian & Ayrlie Yuill Limited

Brian & Ayrlie Yuill Limited (Registered number: SC195845)






Contents of the Financial Statements
for the Year Ended 31 December 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 9

Brian & Ayrlie Yuill Limited

Company Information
for the Year Ended 31 December 2022







DIRECTOR: B A Yuill



SECRETARY: Mrs A M Yuill



REGISTERED OFFICE: 29 Brandon Street
Hamilton
ML3 6DA



REGISTERED NUMBER: SC195845 (Scotland)



ACCOUNTANTS: Sharles Ltd
Chartered Accountants
29 Brandon Street
Hamilton
ML3 6DA



BANKERS: Clydesdale Bank PLC
135 Almada Street
Hamilton
ML3 0EX

Brian & Ayrlie Yuill Limited (Registered number: SC195845)

Balance Sheet
31 December 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 890,758 616,365

CURRENT ASSETS
Debtors 6 707,077 539,158
Cash at bank and in hand 11,790 175,086
718,867 714,244
CREDITORS
Amounts falling due within one year 7 480,579 352,101
NET CURRENT ASSETS 238,288 362,143
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,129,046

978,508

CREDITORS
Amounts falling due after more than one
year

8

(686,919

)

(538,361

)

PROVISIONS FOR LIABILITIES (28,384 ) (55,967 )
NET ASSETS 413,743 384,180

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 413,741 384,178
SHAREHOLDERS' FUNDS 413,743 384,180

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2022 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.

Brian & Ayrlie Yuill Limited (Registered number: SC195845)

Balance Sheet - continued
31 December 2022


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 21 November 2023 and were signed by:





B A Yuill - Director


Brian & Ayrlie Yuill Limited (Registered number: SC195845)

Notes to the Financial Statements
for the Year Ended 31 December 2022

1. STATUTORY INFORMATION

Brian & Ayrlie Yuill Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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. There were no material departures from that standard.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is derived from haulage services supplied by the company.

Turnover is measured at the fair value of haulage services supplied, net of discounts and excluding value added tax, and is recognised at the point that the company obtains the right to consideration.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 25% on reducing balance and 25% on cost

Tangible fixed assets held for the companies own use are stated at cost less accumulated depreciation and accumulated impairment loss.

At each balance sheet date, the company reviews the carrying amounts of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss. Where it is not possible to estimate the recoverable amount of the asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Expenditure of £1,000 or more on individual tangible fixed assets is capitalised at cost. Expenditure on assets below this threshold is charged directly to the income statement in the period it is incurred.

Government grants
Grants considered to be revenue in nature are credited to the profit and loss account in the period to which they relate. Grants of a capital nature are reflected as deferred income in the balance sheet and released to the profit and loss account over the estimated useful life of the assets to which they relate.

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.


Brian & Ayrlie Yuill Limited (Registered number: SC195845)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2022

3. 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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the income statement on a straight line basis.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme and the pension charge represents the amounts payable by the company to the fund in respect of the year.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2021 - 5 ) .

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2022 1,041,743
Additions 499,548
Disposals (215,978 )
At 31 December 2022 1,325,313
DEPRECIATION
At 1 January 2022 425,378
Charge for year 179,536
Eliminated on disposal (170,359 )
At 31 December 2022 434,555
NET BOOK VALUE
At 31 December 2022 890,758
At 31 December 2021 616,365

Brian & Ayrlie Yuill Limited (Registered number: SC195845)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2022

5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts and finance leases are as follows:

Plant and
machinery
etc
£   
COST
At 1 January 2022 703,399
Additions 493,492
Disposals (171,755 )
Transfer to ownership (6,741 )
At 31 December 2022 1,018,395
DEPRECIATION
At 1 January 2022 136,129
Charge for year 167,222
Eliminated on disposal (126,533 )
Transfer to ownership (5,097 )
At 31 December 2022 171,721
NET BOOK VALUE
At 31 December 2022 846,674
At 31 December 2021 567,270

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade debtors 8,450 5,138
Other debtors 698,627 534,020
707,077 539,158

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Bank loans and overdrafts 60,117 20,000
Hire purchase contracts and finance leases 172,699 183,430
Trade creditors 57,434 46,793
Taxation and social security 157,547 57,235
Other creditors 32,782 44,643
480,579 352,101

Brian & Ayrlie Yuill Limited (Registered number: SC195845)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2022

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2022 2021
£    £   
Bank loans 56,766 130,734
Hire purchase contracts and finance leases 630,153 407,627
686,919 538,361

Amounts falling due in more than five years:

Repayable by instalments
Bank Loan >5 years - 51,667

9. SECURED DEBTS

The following secured debts are included within creditors:

2022 2021
£    £   
Bank loans 116,883 150,734
Hire purchase contracts and finance leases 802,852 591,057
919,735 741,791

The bank overdraft is secured by a bond and floating charge over the assets and undertakings of the company. A personal guarantee has also been provided by the director, B A Yuill, of £50,000 plus interest and expenses.

Hire purchase contracts and finance leases are secured over the assets concerned.

The bank loan is supported by a 100% guarantee from the UK Government.

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

B A Yuill
Director

During the year, the director repaid £17,542 (2021 - £31,291) to the company. The balance due to the director at the year end was £7,376 (2021 - the balance due to the company was £10,166).

There were no fixed repayment terms and no interest was charged.

Brian & Ayrlie Yuill Limited (Registered number: SC195845)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2022

11. RELATED PARTY DISCLOSURES

Yuill & Dodds Limited
A company wherein BA Yuill is a director and shareholder

During the year the company invoiced sales of £1,794,623 (2021 - £1,459,082) to Yuill & Dodds Limited. The company was charged vehicle running costs of £873,455 (2021 - £649,066) by Yuill & Dodds Limited. At the year end the balance due from Yuill & Dodds Limited was £665,525 (2021 - £462,480).

These transactions were conducted under normal commercial terms. No interest was charged on outstanding amounts during this year or the previous year.

Karen Yuill Recovery Limited
A company wherein BA Yuill's sister is a director and shareholder

During the year the company invoiced sales of £45 (2021 - £nil) to Karen Yuill Recovery Limited. The company was charged vehicle recovery costs of £730 (2021 - £nil) by Karen Yuill Recovery Limited.

At the year end the balance due to Karen Yuill Recovery Limited was £813 (2021 - £nil).

These transactions were conducted under normal commercial terms. No interest was charged on outstanding amounts during this year or the previous year.

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Brian & Ayrlie Yuill 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 Brian & Ayrlie Yuill Limited for the year ended 31 December 2022 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity 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 ICAS, we are subject to its ethical and other professional requirements which are detailed at http://www.icas.com/accountspreparationguidance.

This report is made solely to the director of Brian & Ayrlie Yuill Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Brian & Ayrlie Yuill Limited and state those matters that we have agreed to state to the director of Brian & Ayrlie Yuill Limited in this report in accordance with the requirements of ICAS as detailed at http://www.icas.com/accountspreparationguidance. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that Brian & Ayrlie Yuill 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 Brian & Ayrlie Yuill Limited. You consider that Brian & Ayrlie Yuill 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 Brian & Ayrlie Yuill 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.






Sharles Ltd
Chartered Accountants
29 Brandon Street
Hamilton
ML3 6DA


21 November 2023