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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
Page
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Yorks Framing Ltd Company Information for the year ended 31 March 2023
Director
Robert Bligh
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
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Yorks Framing Ltd Statement of financial position as at 31 March 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
58,969 
73,278 
Current assets
Debtors
1,855 
1,731 
Cash at bank and in hand
6,759 
5,277 
8,614 
7,008 
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)
Net assets
25,049 
43,071 
Capital and reserves
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
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Yorks Framing Ltd Notes to the Accounts for the year ended 31 March 2023
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
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 
Depreciation
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 
Net book value
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 
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Yorks Framing Ltd Notes to the Accounts for the year ended 31 March 2023
5
Debtors
2023 
2022 
£ 
£ 
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 
VAT
6,240 
3,245 
Trade creditors
- 
337 
Taxes and social security
6,565 
2,102 
Other creditors
1,318 
251 
Loans from directors
1,599 
11 
Accruals
1,053 
1,013 
21,532 
11,457 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
15,746 
20,502 
8
Share capital
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 
3,792 
10,792 
10
Average number of employees
During the year the average number of employees was 3 (2022: 2).
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