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REGISTERED NUMBER: 12105976 (England and Wales)










Unaudited Financial Statements for the Year Ended 31 July 2023

for

YGHP LIMITED

YGHP LIMITED (REGISTERED NUMBER: 12105976)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Chartered Accountants' Report 6

YGHP LIMITED

Company Information
for the Year Ended 31 July 2023







DIRECTORS: A Yates
O T Yates
A L Yates





SECRETARY: Mrs S A Yates





REGISTERED OFFICE: Unit 9
Hemlock Park
Cannock
Staffordshire
WS11 7FB





REGISTERED NUMBER: 12105976 (England and Wales)





ACCOUNTANTS: CHEADLES
Chartered Accountants
Telegraph House
59 Wolverhampton Road
Stafford
Staffordshire
ST17 4AW

YGHP LIMITED (REGISTERED NUMBER: 12105976)

Balance Sheet
31 July 2023

31.7.23 31.7.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 332,526 226,367

CURRENT ASSETS
Stocks and Goods In Transit 742,156 752,464
Debtors 5 769,191 515,187
Cash at bank and in hand 223,590 11,669
1,734,937 1,279,320
CREDITORS
Amounts falling due within one year 6 1,582,279 1,143,552
NET CURRENT ASSETS 152,658 135,768
TOTAL ASSETS LESS CURRENT
LIABILITIES

485,184

362,135

CREDITORS
Amounts falling due after more than one year 7 (179,719 ) (122,445 )

PROVISIONS FOR LIABILITIES (12,754 ) (11,534 )
NET ASSETS 292,711 228,156

CAPITAL AND RESERVES
Called up share capital 300 300
Retained earnings 292,411 227,856
292,711 228,156

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 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 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 15 February 2024 and were signed on its behalf by:





A Yates - Director


YGHP LIMITED (REGISTERED NUMBER: 12105976)

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


1. STATUTORY INFORMATION

YGHP 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.

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% on reducing balance
Fixtures and fittings - 25% on reducing balance and 10% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on cost

Stocks
Stocks and goods in transit 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.

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 14 (2022 - 15 ) .

YGHP LIMITED (REGISTERED NUMBER: 12105976)

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


4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1 August 2022 33,000 4,876 70,612
Additions - 725 859
Disposals - - (270 )
At 31 July 2023 33,000 5,601 71,201
DEPRECIATION
At 1 August 2022 - 1,545 21,744
Charge for year - 1,014 5,935
Eliminated on disposal - - (2 )
At 31 July 2023 - 2,559 27,677
NET BOOK VALUE
At 31 July 2023 33,000 3,042 43,524
At 31 July 2022 33,000 3,331 48,868

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 August 2022 155,428 40,235 304,151
Additions 188,147 5,000 194,731
Disposals (40,950 ) - (41,220 )
At 31 July 2023 302,625 45,235 457,662
DEPRECIATION
At 1 August 2022 30,636 23,859 77,784
Charge for year 42,452 11,155 60,556
Eliminated on disposal (13,202 ) - (13,204 )
At 31 July 2023 59,886 35,014 125,136
NET BOOK VALUE
At 31 July 2023 242,739 10,221 332,526
At 31 July 2022 124,792 16,376 226,367

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Trade debtors 727,128 495,902
Other debtors 42,063 19,285
769,191 515,187

YGHP LIMITED (REGISTERED NUMBER: 12105976)

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


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Bank loans and overdrafts 74,007 10,000
Hire purchase contracts 71,377 26,801
Trade creditors 943,282 738,091
Amounts owed to associates 348 -
Taxation and social security 405,271 320,976
Other creditors 87,994 47,684
1,582,279 1,143,552

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.7.23 31.7.22
£    £   
Bank loans 18,333 28,333
Hire purchase contracts 161,386 94,112
179,719 122,445

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 18,333 28,333

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
YGHP 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 Income Statement 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 YGHP Limited for the year ended 31 July 2023 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 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 YGHP 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 YGHP Limited and state those matters that we have agreed to state to the Board of Directors of YGHP 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 YGHP Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that YGHP 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 YGHP Limited. You consider that YGHP 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 YGHP 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.






CHEADLES
Chartered Accountants
Telegraph House
59 Wolverhampton Road
Stafford
Staffordshire
ST17 4AW


15 February 2024