9 false false false false false false false false false false true false false false false false false No description of principal activity 2022-08-01 Sage Accounts Production Advanced 2023 - FRS102_2023 14,000 13,999 1 1 xbrli:pure xbrli:shares iso4217:GBP 02821900 2022-08-01 2023-07-31 02821900 2023-07-31 02821900 2022-07-31 02821900 2021-08-01 2022-07-31 02821900 2022-07-31 02821900 2021-07-31 02821900 core:NetGoodwill 2022-08-01 2023-07-31 02821900 core:LandBuildings core:OwnedOrFreeholdAssets 2022-08-01 2023-07-31 02821900 core:FurnitureFittings 2022-08-01 2023-07-31 02821900 bus:Director1 2022-08-01 2023-07-31 02821900 core:NetGoodwill 2023-07-31 02821900 core:LandBuildings 2022-07-31 02821900 core:FurnitureFittings 2022-07-31 02821900 core:LandBuildings 2023-07-31 02821900 core:FurnitureFittings 2023-07-31 02821900 core:LandBuildings 2022-08-01 2023-07-31 02821900 core:WithinOneYear 2023-07-31 02821900 core:WithinOneYear 2022-07-31 02821900 core:ShareCapital 2023-07-31 02821900 core:ShareCapital 2022-07-31 02821900 core:RetainedEarningsAccumulatedLosses 2023-07-31 02821900 core:RetainedEarningsAccumulatedLosses 2022-07-31 02821900 core:NetGoodwill 2022-07-31 02821900 core:LandBuildings 2022-07-31 02821900 core:FurnitureFittings 2022-07-31 02821900 bus:SmallEntities 2022-08-01 2023-07-31 02821900 bus:AuditExemptWithAccountantsReport 2022-08-01 2023-07-31 02821900 bus:SmallCompaniesRegimeForAccounts 2022-08-01 2023-07-31 02821900 bus:PrivateLimitedCompanyLtd 2022-08-01 2023-07-31 02821900 bus:FullAccounts 2022-08-01 2023-07-31
COMPANY REGISTRATION NUMBER: 02821900
YORKCO 99 LIMITED
FILLETED UNAUDITED FINANCIAL STATEMENTS
31 July 2023
YORKCO 99 LIMITED
STATEMENT OF FINANCIAL POSITION
31 July 2023
2023
2022
Note
£
£
£
£
FIXED ASSETS
Intangible assets
5
1
1
Tangible assets
6
17,434
17,804
---------
---------
17,435
17,805
CURRENT ASSETS
Stocks
2,880
2,470
Cash at bank and in hand
1,809
2,428
-------
-------
4,689
4,898
CREDITORS: amounts falling due within one year
7
11,465
10,115
---------
---------
NET CURRENT LIABILITIES
6,776
5,217
---------
---------
TOTAL ASSETS LESS CURRENT LIABILITIES
10,659
12,588
PROVISIONS
Taxation including deferred tax
935
890
---------
---------
NET ASSETS
9,724
11,698
---------
---------
YORKCO 99 LIMITED
STATEMENT OF FINANCIAL POSITION (continued)
31 July 2023
2023
2022
Note
£
£
£
£
CAPITAL AND RESERVES
Called up share capital
100
100
Profit and loss account
9,624
11,598
-------
---------
SHAREHOLDERS FUNDS
9,724
11,698
-------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 July 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 17 April 2024 , and are signed on behalf of the board by:
H Baharvand
Director
Company registration number: 02821900
YORKCO 99 LIMITED
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 JULY 2023
1. GENERAL INFORMATION
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 162 Robertown Lane, Robertown, Liversedge, Wakefield, WF15 7LQ.
2. STATEMENT OF COMPLIANCE
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. ACCOUNTING POLICIES
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. There are not considered to be any judgements or accounting estimates or assumptions that have a significant impact on the financial statements.
Revenue recognition
Turnover is the amount derived from ordinary activities, and stated after trade discounts, other sales taxes and net of VAT.
Current and deferred tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
Goodwill
-
20% straight line
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Freehold property
-
2% straight line
Fixtures and fittings
-
15% reducing balance
Equipment
-
33 % straight line
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.
Financial instruments
The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.
4. EMPLOYEE NUMBERS
The average number of persons employed by the company during the year amounted to 9 (2022: 8 ).
5. INTANGIBLE ASSETS
Goodwill
£
Cost
At 1 August 2022 and 31 July 2023
14,000
---------
Amortisation
At 1 August 2022 and 31 July 2023
13,999
---------
Carrying amount
At 31 July 2023
1
---------
At 31 July 2022
1
---------
6. TANGIBLE ASSETS
Land and buildings
Fixtures and fittings
Equipment
Total
£
£
£
£
Cost
At 1 August 2022
31,237
24,606
1,128
56,971
Additions
1,109
1,109
---------
---------
-------
---------
At 31 July 2023
31,237
25,715
1,128
58,080
---------
---------
-------
---------
Depreciation
At 1 August 2022
18,112
19,928
1,127
39,167
Charge for the year
625
854
1,479
---------
---------
-------
---------
At 31 July 2023
18,737
20,782
1,127
40,646
---------
---------
-------
---------
Carrying amount
At 31 July 2023
12,500
4,933
1
17,434
---------
---------
-------
---------
At 31 July 2022
13,125
4,678
1
17,804
---------
---------
-------
---------
7. CREDITORS: amounts falling due within one year
2023
2022
£
£
Trade creditors
786
840
Corporation tax
201
1,719
Social security and other taxes
4,977
2,443
Other creditors
5,501
5,113
---------
---------
11,465
10,115
---------
---------
8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES
The directors loan account was in credit throughout the year. The loan is repayable on demand and no interest is charged.