IRIS Accounts Production v23.3.1.45 08817253 Board of Directors 1.1.23 31.12.23 31.12.23 false true false false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh088172532022-12-31088172532023-12-31088172532023-01-012023-12-31088172532021-12-31088172532022-01-012022-12-31088172532022-12-3108817253ns10:Originalns15:EnglandWales2023-01-012023-12-3108817253ns14:PoundSterlingns10:Original2023-01-012023-12-3108817253ns10:Originalns10:Director12023-01-012023-12-3108817253ns10:Original2023-01-012023-12-3108817253ns10:Original2023-12-3108817253ns10:Originalns10:PrivateLimitedCompanyLtd2023-01-012023-12-3108817253ns10:Originalns10:SmallEntities2023-01-012023-12-3108817253ns10:Originalns10:AuditExempt-NoAccountantsReport2023-01-012023-12-3108817253ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2023-01-012023-12-3108817253ns10:SmallCompaniesRegimeForAccountsns10:Original2023-01-012023-12-3108817253ns10:Originalns10:FullAccounts2023-01-012023-12-3108817253ns10:Original12023-01-012023-12-3108817253ns10:Originalns10:Director22023-01-012023-12-3108817253ns10:Originalns10:RegisteredOffice2023-01-012023-12-3108817253ns10:Original2022-12-3108817253ns10:Originalns5:CurrentFinancialInstruments2023-12-3108817253ns10:Originalns5:CurrentFinancialInstruments2022-12-3108817253ns10:Originalns5:Non-currentFinancialInstruments2023-12-3108817253ns10:Originalns5:Non-currentFinancialInstruments2022-12-3108817253ns5:ShareCapitalns10:Original2023-12-3108817253ns5:ShareCapitalns10:Original2022-12-3108817253ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-12-3108817253ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-12-3108817253ns5:IntangibleAssetsOtherThanGoodwillns10:Original2023-01-012023-12-3108817253ns10:Originalns5:DevelopmentCostsCapitalisedDevelopmentExpenditure2023-01-012023-12-3108817253ns10:Originalns5:FurnitureFittings2023-01-012023-12-3108817253ns10:Original2022-01-012022-12-3108817253ns10:Originalns5:DevelopmentCostsCapitalisedDevelopmentExpenditure2022-12-3108817253ns10:Originalns5:DevelopmentCostsCapitalisedDevelopmentExpenditure2023-12-3108817253ns10:Originalns5:DevelopmentCostsCapitalisedDevelopmentExpenditure2022-12-3108817253ns10:Originalns5:FurnitureFittings2022-12-3108817253ns10:Originalns5:ComputerEquipment2022-12-3108817253ns10:Original2022-12-3108817253ns10:Originalns5:ComputerEquipment2023-01-012023-12-3108817253ns10:Originalns5:FurnitureFittings2023-12-3108817253ns10:Originalns5:ComputerEquipment2023-12-3108817253ns10:Originalns5:FurnitureFittings2022-12-3108817253ns10:Originalns5:ComputerEquipment2022-12-3108817253ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-12-3108817253ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-12-3108817253ns5:Securedns10:Original2023-12-3108817253ns5:Securedns10:Original2022-12-31
REGISTERED NUMBER: 08817253 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Yelland Savage Limited

Yelland Savage Limited (Registered number: 08817253)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Yelland Savage Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: Ms M Crichton
M J Batcheler





REGISTERED OFFICE: Orchard House
Sewell Road
Lincoln
Lincolnshire
LN2 5QT





REGISTERED NUMBER: 08817253 (England and Wales)






Yelland Savage Limited (Registered number: 08817253)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 291 641
Tangible assets 5 3,278 4,039
Investment property 6 186,000 186,000
189,569 190,680

CURRENT ASSETS
Debtors 7 345,472 198,860
Cash at bank and in hand 165,998 296,191
511,470 495,051
CREDITORS
Amounts falling due within one year 8 219,088 190,134
NET CURRENT ASSETS 292,382 304,917
TOTAL ASSETS LESS CURRENT
LIABILITIES

481,951

495,597

CREDITORS
Amounts falling due after more than one
year

9

(43,024

)

(50,652

)

PROVISIONS FOR LIABILITIES (7,284 ) (7,168 )
NET ASSETS 431,643 437,777

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 431,543 437,677
SHAREHOLDERS' FUNDS 431,643 437,777

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

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

Yelland Savage Limited (Registered number: 08817253)

Balance Sheet - continued
31 December 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 Board of Directors and authorised for issue on 28 February 2024 and were signed on its behalf by:





M J Batcheler - Director


Yelland Savage Limited (Registered number: 08817253)

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

1. STATUTORY INFORMATION

Yelland Savage 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.

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


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 as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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.

Website costs are being amortised evenly over their estimated useful life of five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on cost

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

Yelland Savage Limited (Registered number: 08817253)

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

2. ACCOUNTING POLICIES - continued

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 10 (2022 - 8 ) .

4. INTANGIBLE FIXED ASSETS
Website
costs
£   
COST
At 1 January 2023
and 31 December 2023 1,749
AMORTISATION
At 1 January 2023 1,108
Amortisation for year 350
At 31 December 2023 1,458
NET BOOK VALUE
At 31 December 2023 291
At 31 December 2022 641

5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 January 2023 32,394 - 32,394
Additions - 2,072 2,072
At 31 December 2023 32,394 2,072 34,466
DEPRECIATION
At 1 January 2023 28,355 - 28,355
Charge for year 2,707 126 2,833
At 31 December 2023 31,062 126 31,188
NET BOOK VALUE
At 31 December 2023 1,332 1,946 3,278
At 31 December 2022 4,039 - 4,039

Yelland Savage Limited (Registered number: 08817253)

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

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2023
and 31 December 2023 186,000
NET BOOK VALUE
At 31 December 2023 186,000
At 31 December 2022 186,000

Fair value at 31 December 2023 is represented by:
£   
Valuation in 2020 38,471
Cost 147,529
186,000

The directors consider this to be market value at 31 December 2023.

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 330,251 189,417
Other debtors 15,221 9,443
345,472 198,860

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Taxation and social security 197,990 173,262
Other creditors 21,098 16,872
219,088 190,134

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.23 31.12.22
£    £   
Other creditors 43,024 50,652

Amounts falling due in more than five years:

Repayable by instalments
Other loans more 5yrs instal - 2,652

Yelland Savage Limited (Registered number: 08817253)

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

10. SECURED DEBTS

The following secured debts are included within creditors:

31.12.23 31.12.22
£    £   
Other loans 55,024 62,652

The mortgage is secured against the investment property to which it relates.

11. PENSION COMMITMENTS

The company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund and amounted to £201,565 (2022: £163,467). Contributions totalling £2,900 (2022: £2,184) were payable to the fund at the reporting date and are included in creditors.

12. ULTIMATE CONTROLLING PARTY

There is no ultimate controlling party.