Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-312023-04-01falseNo description of principal activity33truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 03178994 2023-04-01 2024-03-31 03178994 2022-04-01 2023-03-31 03178994 2024-03-31 03178994 2023-03-31 03178994 c:Director1 2023-04-01 2024-03-31 03178994 c:Director3 2023-04-01 2024-03-31 03178994 d:Buildings 2023-04-01 2024-03-31 03178994 d:Buildings 2024-03-31 03178994 d:Buildings 2023-03-31 03178994 d:Buildings d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 03178994 d:Buildings d:ShortLeaseholdAssets 2023-04-01 2024-03-31 03178994 d:Buildings d:ShortLeaseholdAssets 2024-03-31 03178994 d:Buildings d:ShortLeaseholdAssets 2023-03-31 03178994 d:PlantMachinery 2023-04-01 2024-03-31 03178994 d:PlantMachinery 2024-03-31 03178994 d:PlantMachinery 2023-03-31 03178994 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 03178994 d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 03178994 d:CurrentFinancialInstruments 2024-03-31 03178994 d:CurrentFinancialInstruments 2023-03-31 03178994 d:Non-currentFinancialInstruments 2024-03-31 03178994 d:Non-currentFinancialInstruments 2023-03-31 03178994 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 03178994 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 03178994 d:ShareCapital 2024-03-31 03178994 d:ShareCapital 2023-03-31 03178994 d:RetainedEarningsAccumulatedLosses 2024-03-31 03178994 d:RetainedEarningsAccumulatedLosses 2023-03-31 03178994 d:AcceleratedTaxDepreciationDeferredTax 2024-03-31 03178994 d:AcceleratedTaxDepreciationDeferredTax 2023-03-31 03178994 c:FRS102 2023-04-01 2024-03-31 03178994 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 03178994 c:FullAccounts 2023-04-01 2024-03-31 03178994 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 03178994 d:WithinOneYear 2024-03-31 03178994 d:WithinOneYear 2023-03-31 03178994 6 2023-04-01 2024-03-31 03178994 7 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure

03178994







YELLOWCOAT HOLDINGS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED
31 MARCH 2024

































YELLOWCOAT HOLDINGS LIMITED
REGISTERED NUMBER:03178994

BALANCE SHEET
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
103,198
133,909

Investments
 5 
2
2

  
103,200
133,911

Current assets
  

Debtors: amounts falling due after more than one year
 6 
6,688
5,578

Debtors: amounts falling due within one year
 6 
90,358
141,432

Bank and cash balances
  
388,717
284,792

  
485,763
431,802

Creditors: amounts falling due within one year
 7 
(150,920)
(170,732)

Net current assets
  
 
 
334,843
 
 
261,070

Total assets less current liabilities
  
438,043
394,981

  

Net assets
  
438,043
394,981


Capital and reserves
  

Called up share capital 
  
12,000
12,000

Profit and loss account
  
426,043
382,981

  
438,043
394,981


Page 1

YELLOWCOAT HOLDINGS LIMITED
REGISTERED NUMBER:03178994
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




N. P. Tate
G. J. Tate
Director
Director


Date: 12 August 2024

The notes on pages 3 to 8 form part of these financial statements.

Page 2

YELLOWCOAT HOLDINGS LIMITED
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

Yellowcoat Holdings Limited ("the Company") is a limited company domiciled and incorporated in England.
The address of the Company's registered office and principal place of business is Yellowcoat Sawmill, Hastings Road, Flimwell, Wadhurst, East Sussex, TN5 7PR. 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

Monetary amounts in these financial statements are stated in pounds sterling and are rounded to the nearest whole £1, except where otherwise indicated.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenure can be reliably measured. Revenue is measured as the fair value of the consideration recieved or recievable, excluding discounts, rebates, value added tax and other sales taxes.
Rent and management charges are invoiced on a quarterly basis and revenue is recognised in the period in which these services are provided. 

 
2.3

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

 
2.4

 Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

Page 3

YELLOWCOAT HOLDINGS LIMITED
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.5

 Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
2.6

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Freehold property
-
5%
Short-term leasehold property
-
20%
Plant and machinery
-
20%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.7

 Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Page 4

YELLOWCOAT HOLDINGS LIMITED
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.8

 Debtors

Short-term debtors are measured at transaction price, less any impairment.

 
2.9

 Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.10

 Holiday pay accrual

A liability is recognised to the extent of any unused holiday pay entitlement which is accrued at the balance sheet date and carried forward to future periods. This is measured at the undiscounted salary cost of the future holiday entitlement so accrued at the balance sheet date.

 
2.11

 Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.


3.


Employees

The average monthly number of employees, including directors, during the year was 3 (2023 - 3).

Page 5

YELLOWCOAT HOLDINGS LIMITED
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

4.


Tangible fixed assets





Freehold property
Short-term leasehold property
Plant and machinery
Total

£
£
£
£



Cost or valuation


At 1 April 2023
614,223
153,280
4,776
772,279



At 31 March 2024

614,223
153,280
4,776
772,279



Depreciation


At 1 April 2023
480,314
153,280
4,776
638,370


Charge for the year on owned assets
30,711
-
-
30,711



At 31 March 2024

511,025
153,280
4,776
669,081



Net book value



At 31 March 2024
103,198
-
-
103,198



At 31 March 2023
133,909
-
-
133,909


5.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 April 2023 and 31 March 2023
2




Page 6

YELLOWCOAT HOLDINGS LIMITED
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

6.


Debtors

2024
2023
£
£

Due after more than one year

Amounts owed by related companies
6,688
5,578


2024
2023
£
£

Due within one year

Amounts owed by group undertakings
19,809
80,867

Trade debtors owed to related companies
66,057
36,445

Other debtors
-
13,578

Prepayments and accrued income
3,796
9,694

Deferred taxation
696
848

90,358
141,432



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
97
23,710

Amounts owed to group undertakings
24,437
1,183

Corporation tax
-
6,014

Other taxation and social security
88,600
46,453

Accruals
37,786
93,372

150,920
170,732





8.


Deferred taxation




2024


£






At beginning of year
848


Charged to profit or loss
(152)



At end of year
696

Page 7

YELLOWCOAT HOLDINGS LIMITED
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
 
8.Deferred taxation (continued)

The deferred tax asset is made up as follows:

2024
2023
£
£


Accelerated capital allowances
696
848


9.


Commitments under operating leases

At 31 March 2024 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2024
2023
£
£


Not later than 1 year
-
17,212

-
17,212


10.


Transactions with directors

2024
2023
£
£



Balance brought forward at 1 April
-
(7,187)

Amounts advanced
340,179
235,684

Amounts repaid
(340,179)
(228,497)

Balance carried forward at 31 March
-
-

 
Page 8