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Company Registration No. 05394670 (England and Wales)
Yetland Limited Unaudited accounts for the year ended 31 January 2024
Yetland Limited Unaudited accounts Contents
Page
- 2 -
Yetland Limited Company Information for the year ended 31 January 2024
Directors
Carolyn Jones Peter Jones Carolyn Anne Jones Peter John Jones
Company Number
05394670 (England and Wales)
Registered Office
C/O GOWER ACCOUNTANCY & TAX ADVISORY SERVICES LTD, BRYN ROBIN BURRY GREEN, SWANSEA SA3 1HR
Accountants
Gower Accountancy & Tax Advisory Services Ltd Bryn Robin Burry Green Reynoldston Swansea SA3 1HR
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Yetland Limited Accountants' report
Accountants' report to the board of directors of Yetland Limited on the preparation of the unaudited statutory accounts for the year ended 31 January 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Yetland Limited for the year ended 31 January 2024 as set out on pages 5 - 7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of Yetland Limited, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of Yetland Limited and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Yetland Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Yetland Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Yetland Limited. You consider that Yetland Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Yetland Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Gower Accountancy & Tax Advisory Services Ltd Bryn Robin Burry Green Reynoldston Swansea SA3 1HR 9 July 2024
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Yetland Limited Statement of financial position as at 31 January 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
25,111 
27,901 
Tangible assets
59,310 
32,539 
84,421 
60,440 
Current assets
Inventories
94,924 
94,232 
Debtors
6,846 
2,379 
Cash at bank and in hand
19,588 
21,880 
121,358 
118,491 
Creditors: amounts falling due within one year
(110,882)
(96,084)
Net current assets
10,476 
22,407 
Total assets less current liabilities
94,897 
82,847 
Creditors: amounts falling due after more than one year
(14,875)
(17,444)
Provisions for liabilities
Deferred tax
- 
(630)
Net assets
80,022 
64,773 
Capital and reserves
Called up share capital
1,000 
1,000 
Profit and loss account
79,022 
63,773 
Shareholders' funds
80,022 
64,773 
For the year ending 31 January 2024 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 directors acknowledge their 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 of Directors and authorised for issue on 12 July 2024 and were signed on its behalf by
Carolyn Jones Director Company Registration No. 05394670
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Yetland Limited Notes to the Accounts for the year ended 31 January 2024
1
Statutory information
Yetland Limited is a private company, limited by shares, registered in England and Wales, registration number 05394670. The registered office is C/O GOWER ACCOUNTANCY & TAX ADVISORY , SERVICES LTD, BRYN ROBIN, BURRY GREEN, SWANSEA, SA3 1HR.
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.
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
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:
Land & buildings
10% WDV
Plant & machinery
5 years Straight Line
Motor vehicles
15% Straight Line
Fixtures & fittings
15% Straight Line
Computer equipment
15% Straight Line
4
Intangible fixed assets
Other 
£ 
Cost
At 1 February 2023
105,000 
At 31 January 2024
105,000 
Amortisation
At 1 February 2023
77,099 
Charge for the year
2,790 
At 31 January 2024
79,889 
Net book value
At 31 January 2024
25,111 
At 31 January 2023
27,901 
- 6 -
Yetland Limited Notes to the Accounts for the year ended 31 January 2024
5
Tangible fixed assets
Land & buildings 
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At cost 
At 1 February 2023
5,003 
42,719 
21,918 
9,358 
1,049 
80,047 
Additions
- 
7,094 
35,360 
- 
- 
42,454 
Revaluations
- 
- 
(21,918)
- 
- 
(21,918)
Disposals
- 
(16,013)
- 
(1,712)
- 
(17,725)
At 31 January 2024
5,003 
33,800 
35,360 
7,646 
1,049 
82,858 
Depreciation
At 1 February 2023
5,003 
10,854 
21,918 
9,104 
629 
47,508 
Charge for the year
- 
2,925 
- 
136 
158 
3,219 
On disposals
- 
(3,670)
(21,918)
(1,591)
- 
(27,179)
At 31 January 2024
5,003 
10,109 
- 
7,649 
787 
23,548 
Net book value
At 31 January 2024
- 
23,691 
35,360 
(3)
262 
59,310 
At 31 January 2023
- 
31,865 
- 
254 
420 
32,539 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
5,148 
- 
Trade debtors
131 
832 
Accrued income and prepayments
1,567 
1,547 
6,846 
2,379 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
2,569 
2,511 
VAT
- 
3,119 
Trade creditors
4,970 
8,948 
Taxes and social security
871 
5,988 
Other creditors
239 
121 
Loans from directors
101,843 
74,987 
Accruals
390 
410 
110,882 
96,084 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
14,875 
17,444 
9
Average number of employees
During the year the average number of employees was 3 (2023: 3).
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