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Company Registration No. 07757089 (England and Wales)
Yoke Ltd Unaudited accounts for the period from 1 September 2022 to 31 December 2023
Yoke Ltd Unaudited accounts Contents
Page
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Yoke Ltd Company Information for the period from 1 September 2022 to 31 December 2023
Director
James John Bigford
Company Number
07757089 (England and Wales)
Registered Office
Unit M.04 Motorworks Butts Hill Frome BA11 1HS England
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Yoke Ltd Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
17,346 
9,221 
Current assets
Debtors
2,820 
33,676 
Cash at bank and in hand
52,502 
27,554 
55,322 
61,230 
Creditors: amounts falling due within one year
(49,956)
(52,967)
Net current assets
5,366 
8,263 
Total assets less current liabilities
22,712 
17,484 
Provisions for liabilities
Deferred tax
(3,643)
(1,752)
Net assets
19,069 
15,732 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
18,969 
15,632 
Shareholders' funds
19,069 
15,732 
For the period ending 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 in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 and authorised for issue on 28 May 2024 and were signed on its behalf by
James John Bigford Director Company Registration No. 07757089
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Yoke Ltd Notes to the Accounts for the period from 1 September 2022 to 31 December 2023
1
Statutory information
Yoke Ltd is a private company, limited by shares, registered in England and Wales, registration number 07757089. The registered office is Unit M.04 Motorworks, Butts Hill, Frome, BA11 1HS, England.
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 period, 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.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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 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:
Plant & machinery
25% Reducing Balance
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items in other comprehensive income or directly in equity. Current taxation is recognised at the amount of tax payable using the tax rates and laws that have been enacted by the Balance Sheet date.
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Yoke Ltd Notes to the Accounts for the period from 1 September 2022 to 31 December 2023
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 September 2022
25,472 
Additions
12,944 
At 31 December 2023
38,416 
Depreciation
At 1 September 2022
16,251 
Charge for the period
4,819 
At 31 December 2023
21,070 
Net book value
At 31 December 2023
17,346 
At 31 August 2022
9,221 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
1,734 
33,676 
Accrued income and prepayments
336 
- 
Other debtors
750 
- 
2,820 
33,676 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
509 
- 
VAT
1,737 
4,646 
Trade creditors
5,436 
7,456 
Taxes and social security
40,877 
30,525 
Other creditors
711 
1,958 
Loans from directors
225 
(21,808)
Accruals
461 
- 
Deferred income
- 
30,190 
49,956 
52,967 
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Yoke Ltd Notes to the Accounts for the period from 1 September 2022 to 31 December 2023
7
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
James John Bigford
Intrest Free loan to Director
21,808 
- 
22,033 
(225)
21,808 
- 
22,033 
(225)
The loan was an unsecured, interest free loan, repayable on demand.
8
Average number of employees
During the period the average number of employees was 5 (2022: 3).
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