Registered number
10430015
YORK HOUSE AND SLOANES LIMITED
Filleted Accounts
31 October 2023
YORK HOUSE AND SLOANES LIMITED
Registered number: 10430015
Balance Sheet
as at 31 October 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 197,378 99,480
Current assets
Stocks 13,490 10,990
Debtors 4 315,240 311,740
Cash at bank and in hand 41,461 14,773
370,191 337,503
Creditors: amounts falling due within one year 5 (148,147) (69,845)
Net current assets 222,044 267,658
Total assets less current liabilities 419,422 367,138
Creditors: amounts falling due after more than one year 6 (51,206) (26,667)
Net assets 368,216 340,471
Capital and reserves
Called up share capital 101 100
Profit and loss account 368,115 340,371
Shareholders' funds 368,216 340,471
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mehdi Mirshokraei
Director
Approved by the board on 31 July 2024
YORK HOUSE AND SLOANES LIMITED
Notes to the Accounts
for the year ended 31 October 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 22 21
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 November 2022 173,754 19,500 193,254
Additions 72,464 44,164 116,628
At 31 October 2023 246,218 63,664 309,882
Depreciation
At 1 November 2022 83,049 10,725 93,774
Charge for the year 16,975 1,755 18,730
At 31 October 2023 100,024 12,480 112,504
Net book value
At 31 October 2023 146,194 51,184 197,378
At 31 October 2022 90,705 8,775 99,480
4 Debtors 2023 2022
£ £
Other debtors 315,240 311,740
5 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 10,000 10,000
Obligations under finance lease and hire purchase contracts 9,420 -
Trade creditors 27,298 5,843
Taxation and social security costs 92,701 53,502
Other creditors 8,728 500
148,147 69,845
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 16,667 26,667
Obligations under finance lease and hire purchase contracts 34,539 -
51,206 26,667
7 Other information
YORK HOUSE AND SLOANES LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
Unit 9, Gemini Business Park
Sheepscar Way
Leeds
West Yorkshire
LS7 3JB
YORK HOUSE AND SLOANES LIMITED 10430015 false 2022-11-01 2023-10-31 2023-10-31 VT Final Accounts April 2022 Mehdi Mirshokraei No description of principal activity 10430015 2021-11-01 2022-10-31 10430015 core:WithinOneYear 2022-10-31 10430015 core:AfterOneYear 2022-10-31 10430015 core:ShareCapital 2022-10-31 10430015 core:RetainedEarningsAccumulatedLosses 2022-10-31 10430015 2022-11-01 2023-10-31 10430015 bus:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 10430015 bus:AuditExemptWithAccountantsReport 2022-11-01 2023-10-31 10430015 bus:Director40 2022-11-01 2023-10-31 10430015 1 2022-11-01 2023-10-31 10430015 2 2022-11-01 2023-10-31 10430015 core:PlantMachinery 2022-11-01 2023-10-31 10430015 core:Vehicles 2022-11-01 2023-10-31 10430015 countries:England 2022-11-01 2023-10-31 10430015 bus:FRS102 2022-11-01 2023-10-31 10430015 bus:FullAccounts 2022-11-01 2023-10-31 10430015 2023-10-31 10430015 core:WithinOneYear 2023-10-31 10430015 core:AfterOneYear 2023-10-31 10430015 core:ShareCapital 2023-10-31 10430015 core:RetainedEarningsAccumulatedLosses 2023-10-31 10430015 core:PlantMachinery 2023-10-31 10430015 core:Vehicles 2023-10-31 10430015 2022-10-31 10430015 core:PlantMachinery 2022-10-31 10430015 core:Vehicles 2022-10-31 iso4217:GBP xbrli:pure