REGISTERED NUMBER: |
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2023 |
FOR |
THE YORKSHIRE REMOVAL COMPANY LIMITED |
REGISTERED NUMBER: |
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2023 |
FOR |
THE YORKSHIRE REMOVAL COMPANY LIMITED |
THE YORKSHIRE REMOVAL COMPANY LIMITED (REGISTERED NUMBER: 02336120) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 MAY 2023 |
Page |
Company Information | 1 |
Chartered Accountants' Report | 2 |
Balance Sheet | 3 |
Notes to the Financial Statements | 5 |
THE YORKSHIRE REMOVAL COMPANY LIMITED |
COMPANY INFORMATION |
FOR THE YEAR ENDED 31 MAY 2023 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants |
First Floor, Unit 12 |
Pennine Business Park |
Longbow Close, Bradley |
Huddersfield |
West Yorkshire |
HD2 1GQ |
CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS |
ON THE UNAUDITED FINANCIAL STATEMENTS OF |
THE YORKSHIRE REMOVAL COMPANY LIMITED |
The following reproduces the text of the report prepared for the directors 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 Profit and Loss Account and certain other primary statements and the Report of the Directors 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 The Yorkshire Removal Company Limited for the year ended 31 May 2023 which comprise the Profit and Loss Account, 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 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 Board of Directors of The Yorkshire Removal Company Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of The Yorkshire Removal Company Limited and state those matters that we have agreed to state to the Board of Directors of The Yorkshire Removal Company Limited, as a body, 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 The Yorkshire Removal Company Limited and its Board of Directors, as a body, for our work or for this report. |
It is your duty to ensure that The Yorkshire Removal Company 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 The Yorkshire Removal Company Limited. You consider that The Yorkshire Removal Company 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 The Yorkshire Removal Company 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. |
Chartered Accountants |
First Floor, Unit 12 |
Pennine Business Park |
Longbow Close, Bradley |
Huddersfield |
West Yorkshire |
HD2 1GQ |
THE YORKSHIRE REMOVAL COMPANY LIMITED (REGISTERED NUMBER: 02336120) |
BALANCE SHEET |
31 MAY 2023 |
2023 | 2022 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
CURRENT ASSETS |
Stock |
Debtors | 5 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
PROVISIONS FOR LIABILITIES |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital |
Profit and loss account |
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. |
THE YORKSHIRE REMOVAL COMPANY LIMITED (REGISTERED NUMBER: 02336120) |
BALANCE SHEET - continued |
31 MAY 2023 |
In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered. |
The financial statements were approved by the Board of Directors and authorised for issue on |
THE YORKSHIRE REMOVAL COMPANY LIMITED (REGISTERED NUMBER: 02336120) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 MAY 2023 |
1. | STATUTORY INFORMATION |
The Yorkshire Removal Company Limited is a |
2. | ACCOUNTING POLICIES |
BASIS OF PREPARING THE FINANCIAL STATEMENTS |
TURNOVER |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
TANGIBLE FIXED ASSETS |
Plant and machinery | - |
Motor vehicles | - |
STOCKS |
Stock 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 Profit and Loss Account, 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. |
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. |
INCOME RECOGNITION |
Income is recognised when goods have been delivered to customers such that the risks and rewards of ownership have transferred to them. |
GOVERNMENT GRANTS |
Government grants related to the Job Retention scheme are recognised in the profit and loss account in the period necessary to match the grant with the related costs that they are intended to compensate. |
THE YORKSHIRE REMOVAL COMPANY LIMITED (REGISTERED NUMBER: 02336120) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 MAY 2023 |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
4. | TANGIBLE FIXED ASSETS |
Plant and | Motor |
machinery | vehicles | Totals |
£ | £ | £ |
COST |
At 1 June 2022 |
Additions |
At 31 May 2023 |
DEPRECIATION |
At 1 June 2022 |
Charge for year |
At 31 May 2023 |
NET BOOK VALUE |
At 31 May 2023 |
At 31 May 2022 |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2023 | 2022 |
£ | £ |
Trade debtors |
Other debtors |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2023 | 2022 |
£ | £ |
Trade creditors |
Amounts owed to group undertakings |
Taxation and social security |
Other creditors |
7. | PENSION COMMITMENTS |
The company operates a defined contribution pension scheme. The assets of the pension scheme are held separately from those of the company in an independently administered fund. The pension cost represents contributions payable by the company to the fund and amounted to £17,629 (2022: £17,289). Contributions totalling £452 (2022: £588) were payable to the fund at the year end and are included in creditors. |
THE YORKSHIRE REMOVAL COMPANY LIMITED (REGISTERED NUMBER: 02336120) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 MAY 2023 |
8. | RELATED PARTY TRANSACTIONS |
Mr. P. Sweeting through his shareholding in The Shires Removal Group Limited, has control over a majority of shares in the company, and together with his involvement in its day-to-day management is deemed to be the controlling party for the purposes of Financial Reporting Standard No.102. |
The Shires Removal Group Limited is the parent company of The Yorkshire Removal Company Limited, Bennetts Removals Limited, The Lancashire Removal Company Limited and The Nottinghamshire Removal Company Limited. |
In addition, Mr P.Sweeting, Mr. C.P.Sweeting and Mrs L.A.Copeland are directors of Bennetts Removals Limited, The Lancashire Removal Company Limited, The Nottinghamshire Removal Company Limited and The Shires Removal Group Limited. |
During the year The Yorkshire Removal Company Limited paid wages of £75,024 (2022:£82,466) on behalf of Bennetts Removals Limited, wages of £29,634 (2022:£17,056) on behalf of The Lancashire Removal Company Limited and wages of £27,069 (2022:£20,596)) on behalf of the Nottinghamshire Removal Company Limited. |
During the year The Yorkshire Removal Company Limited also paid motor expenses of £10,374 (2022 :Nil) on behalf of Bennetts Removals Limited, motor expenses of £6607 (2022:£4,974) on behalf of The Lancashire Removal Company Limited and motor expenses of £6031 (2022: £6,066) on behalf of The Nottinghamshire Removal Company Limited. |
During the year Bennetts Removals Limited paid motor expenses of £Nil (2022:£9,500) on behalf of the Yorkshire Removal Company Limited |
Creditors includes the following balance owed to group undertakings: |
The Shires Removal Group Limited £173,884 (2022: £128,428) |
9. | ULTIMATE PARENT COMPANY |
The whole of the issued share capital of the company is owned by The Shires Removal Group Limited, a company registered in England. |