2023-01-01 05780353 2023-12-31 05780353 2023-01-01 2023-12-31 05780353 2022-12-31 05780353 2022-01-01 2022-12-31 05780353 uk-core:WithinOneYear 2022-12-31 05780353 uk-core:WithinOneYear 2023-12-31 05780353 uk-core:AfterOneYear 2022-12-31 05780353 uk-core:AfterOneYear 2023-12-31 05780353 uk-core:ShareCapital 2023-12-31 05780353 uk-core:ShareCapital 2022-12-31 05780353 uk-core:RetainedEarningsAccumulatedLosses 2023-12-31 05780353 uk-core:RetainedEarningsAccumulatedLosses 2022-12-31 05780353 uk-bus:Director1 2023-01-01 2023-12-31 05780353 uk-core:FurnitureFittingsToolsEquipment 2022-12-31 05780353 uk-core:LeaseholdImprovements 2022-12-31 05780353 uk-core:FurnitureFittingsToolsEquipment 2023-01-01 2023-12-31 05780353 uk-core:LeaseholdImprovements 2023-01-01 2023-12-31 05780353 uk-core:LeaseholdImprovements 2023-12-31 05780353 uk-core:FurnitureFittingsToolsEquipment 2023-12-31 05780353 uk-core:WithinOneYear 2023-12-31 05780353 uk-core:WithinOneYear 2022-12-31 05780353 uk-core:AfterOneYear uk-core:Secured 2023-12-31 05780353 uk-core:AfterOneYear uk-core:Secured 2022-12-31 iso4217:GBP xbrli:pure 05780353 uk-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 05780353 uk-bus:FRS102 2023-01-01 2023-12-31 05780353 uk-bus:FilletedAccounts 2023-01-01 2023-12-31 05780353 uk-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31
Yate Car Sales Limited
Registered Number:05780353
For the year ended 31 December 2023
England and Wales
Unaudited Financial Statements
2
For the year ended 31 December 2023
Yate Car Sales Limited
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
3
Registered Number :
05780353
As at 31 December 2023
Yate Car Sales Limited
Statement of Financial Position
£
£
2022
2023
Notes
Fixed assets
Property, plant and equipment
8,067
8,042
2
8,067
8,042
Current assets
Inventories
527,597
291,712
3
Trade and other receivables
43,028
73,211
4
-
Cash and cash equivalents
17,730
382,653
570,625
Trade and other payables: amounts falling due within one
year
(159,610)
(65,047)
5
411,015
317,606
Net current assets
Total assets less current liabilities
325,673
419,057
Trade and other payables: amounts falling due after more
than one year
(189,742)
(133,833)
6
191,840
Net assets
229,315
Capital and reserves
Called up share capital
1
1
Retained earnings
191,839
229,314
191,840
229,315
Shareholders' funds
For the year ended 31 December 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 of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
b) preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of
each financial year and of its profit or loss for each financial year in accordance with the requirements of Section
394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial
statements, so far as applicable to the company.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
N B Jacomb Director
These financial statements were approved and authorised for issue by the Board on 06 August 2024 and were signed by:
The notes form part of these financial statements
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4
For the year ended 31 December 2023
Yate Car Sales Limited
Notes to the Financial Statements
Statutory Information
Yate Car Sales Limited is a private limited company, limited by shares, domiciled in England and Wales, registration
number 05780353.
Registered address:
24/27 North Road
Yate
Bristol
BS37 7PA
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:Plant&Machinery 25% reducing balance.
Inventories
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
2. Property, plant and equipment
Total
Plant and
machinery
Land and
buildings
£
£
£
Cost or
valuation
At 01 January 2023
37,434
35,114
2,320
1,455
1,455
-
Additions
At 31 December 2023
2,320
36,569
38,889
Provision for depreciation and impairment
At 01 January 2023
29,392
29,392
-
Charge for year
1,430
1,430
-
At 31 December 2023
30,822
30,822
-
At 31 December 2023
Net book value
2,320
5,747
8,067
At 31 December 2022
2,320
5,722
8,042
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5
For the year ended 31 December 2023
Yate Car Sales Limited
Notes to the Financial Statements Continued
3. Inventories
2022
2023
£
£
Stocks
291,712
527,597
4. Trade and other receivables
2022
2023
£
£
Other debtors
73,211
43,028
5. Trade and other payables: amounts falling due within one year
2022
2023
£
£
Bank loans and overdraft
10,000
16,295
Trade creditors
5,593
23,624
Taxation and social security
3,454
11,011
Other creditors
46,000
108,680
65,047
159,610
6. Trade and other payables: amounts falling due after more than one year
2022
2023
£
£
Bank loans and overdraft
15,000
24,909
Other creditors
118,833
164,833
133,833
189,742
7. Average number of persons employed
During the year the average number of employees was 3 (2022 : 4)
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