Company Registration No. 10729157 (England and Wales)
Yorks Framing Ltd
Unaudited accounts
for the year ended 31 March 2023
Yorks Framing Ltd
Unaudited accounts
Contents
Yorks Framing Ltd
Company Information
for the year ended 31 March 2023
Company Number
10729157 (England and Wales)
Registered Office
14 Belgrave Mews
Rawdon
Leeds
West Yorkshire
LS19 6AQ
Accountants
Sleek Accounting Ltd
107 Kirkgate
Leeds
West Yorkshire
LS1 6DP
Yorks Framing Ltd
Statement of financial position
as at 31 March 2023
Tangible assets
58,969
73,278
Cash at bank and in hand
6,759
5,277
Creditors: amounts falling due within one year
(21,532)
(11,457)
Net current liabilities
(12,918)
(4,449)
Total assets less current liabilities
46,051
68,829
Creditors: amounts falling due after more than one year
(15,746)
(20,502)
Provisions for liabilities
Deferred tax
(5,256)
(5,256)
Called up share capital
1
1
Profit and loss account
25,048
43,070
Shareholders' funds
25,049
43,071
For the year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 19 December 2023 and were signed on its behalf by
Robert Bligh
Director
Company Registration No. 10729157
Yorks Framing Ltd
Notes to the Accounts
for the year ended 31 March 2023
Yorks Framing Ltd is a private company, limited by shares, registered in England and Wales, registration number 10729157. The registered office is 14 Belgrave Mews, Rawdon, Leeds, West Yorkshire, LS19 6AQ.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
15% on reducing balance
Motor vehicles
25% on reducing balance
Fixtures & fittings
15% on reducing balance
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 April 2022
35,087
51,829
7,771
2,991
97,678
Additions
-
-
-
1,270
1,270
At 31 March 2023
35,087
51,829
7,771
4,261
98,948
At 1 April 2022
12,719
6,295
3,484
1,902
24,400
Charge for the year
3,356
11,383
643
197
15,579
At 31 March 2023
16,075
17,678
4,127
2,099
39,979
At 31 March 2023
19,012
34,151
3,644
2,162
58,969
At 31 March 2022
22,368
45,534
4,287
1,089
73,278
Yorks Framing Ltd
Notes to the Accounts
for the year ended 31 March 2023
Amounts falling due within one year
Accrued income and prepayments
1,855
1,731
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
4,757
4,498
Taxes and social security
6,565
2,102
Loans from directors
1,599
11
7
Creditors: amounts falling due after more than one year
2023
2022
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1
1
9
Operating lease commitments
2023
2022
At 31 March 2023 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Not later than one year
3,792
7,000
Later than one year and not later than five years
-
3,792
10
Average number of employees
During the year the average number of employees was 3 (2022: 2).