Registered number
07126702
Yardley Insulation Services Limited
Report and Unaudited Accounts
31 March 2024
Collins
Chartered Accountants
West Midlands
Yardley Insulation Services Limited
Registered number: 07126702
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £ £ £
Fixed assets
Tangible assets 3 20,964 28,170
Current assets
Debtors 4 36,793 34,509
Cash at bank and in hand 125,828 120,842
162,621 155,351
Creditors: amounts falling due within one year 5 (20,136) (23,571)
Net current assets 142,485 131,780
Net assets 163,449 159,950
Capital and reserves
Called up share capital 100 100
Profit and loss account 163,349 159,850
Shareholders' funds 163,449 159,950
The director is 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 director acknowledges his 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.
M Quinney
Director
Approved by the board on 24 June 2024
Yardley Insulation Services Limited
Notes to the Accounts
for the year ended 31 March 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102 (as applicable to small companies), The Financial Reporting Standard applicable in the UK and Republic of Ireland.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover comprises revenue earned from the rendering of services.
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, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Equipment 20% straight line
Motor vehicles 25% straight line
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 recognised at transaction price including any transaction costs.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are recognised at transaction price net of any transaction costs.
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.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Equipment Motor vehicles Total
£ £ £
Cost
At 1 April 2023 2,065 45,540 47,605
At 31 March 2024 2,065 45,540 47,605
Depreciation
At 1 April 2023 1,845 17,590 19,435
Charge for the year 219 6,987 7,206
At 31 March 2024 2,064 24,577 26,641
Net book value
At 31 March 2024 1 20,963 20,964
At 31 March 2023 220 27,950 28,170
4 Debtors 2024 2023
£ £
Trade debtors 20,820 5,769
Directors loans - 7,751
Other debtors 15,973 20,989
36,793 34,509
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 2,806 459
Corporation tax 11,016 18,275
Other taxes and social security costs 1,098 3,387
Directors loans 3,716 -
Accruals and deferred income 1,500 1,450
20,136 23,571
6 Other information
Yardley Insulation Services Limited is a private company limited by shares and incorporated in England. Its registered office is:
The Lodge, Castle Bromwich Hall
Chester Road
Castle Bromwich
West Midlands
B36 9DE
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