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REGISTERED NUMBER: 05284637 (England and Wales)














C J YARNELL LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2023






C J YARNELL LIMITED (REGISTERED NUMBER: 05284637)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 30 November 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Chartered Certified Accountants' Report 6

C J YARNELL LIMITED

COMPANY INFORMATION
for the year ended 30 November 2023







DIRECTORS: C J Yarnell
Mrs C E Yarnell





SECRETARY: Mrs C E Yarnell





REGISTERED OFFICE: C/o Equus Miller Limited
Brook House
47 High Street
Henley in Arden
B95 5AA





REGISTERED NUMBER: 05284637 (England and Wales)





ACCOUNTANTS: Equus Miller Limited
Chartered Certified Accountants
Brook House
47 High Street
Henley in Arden
Warwickshire
B95 5AA

C J YARNELL LIMITED (REGISTERED NUMBER: 05284637)

BALANCE SHEET
30 November 2023

30/11/23 30/11/22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 5,321 6,525

CURRENT ASSETS
Stocks 28,350 178,615
Debtors 5 812,705 1,226,274
Cash at bank 8,067 426,302
849,122 1,831,191
CREDITORS
Amounts falling due within one year 6 434,161 766,053
NET CURRENT ASSETS 414,961 1,065,138
TOTAL ASSETS LESS CURRENT
LIABILITIES

420,282

1,071,663

CREDITORS
Amounts falling due after more than one
year

7

116,667

166,667
NET ASSETS 303,615 904,996

CAPITAL AND RESERVES
Called up share capital 9 1 1
Retained earnings 303,614 904,995
SHAREHOLDERS' FUNDS 303,615 904,996

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps 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 Sections 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.

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

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 August 2024 and were signed on its behalf by:





C J Yarnell - Director


C J YARNELL LIMITED (REGISTERED NUMBER: 05284637)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 30 November 2023

1. STATUTORY INFORMATION

C J Yarnell Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents the net invoiced provision of services together with work done, excluding value added tax.

Turnover has been recognised in accordance with the accounting principles stipulated within Urgent Issues Task Force Abstract 40.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 20% on reducing balance
Computer equipment - 33.3% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

C J YARNELL LIMITED (REGISTERED NUMBER: 05284637)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 November 2023

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 December 2022 37,278 26,735 - 24,542 88,555
Additions - - 17,000 - 17,000
Disposals - - (17,000 ) - (17,000 )
At 30 November 2023 37,278 26,735 - 24,542 88,555
DEPRECIATION
At 1 December 2022 36,289 21,560 - 24,181 82,030
Charge for year 247 776 3,400 181 4,604
Eliminated on disposal - - (3,400 ) - (3,400 )
At 30 November 2023 36,536 22,336 - 24,362 83,234
NET BOOK VALUE
At 30 November 2023 742 4,399 - 180 5,321
At 30 November 2022 989 5,175 - 361 6,525

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/11/23 30/11/22
£    £   
Trade debtors 366,616 403,195
Amounts owed by group undertakings 340,100 718,834
VAT 2,089 -
Prepayments 103,900 104,245
812,705 1,226,274

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/11/23 30/11/22
£    £   
Bank loans and overdrafts 50,000 50,000
Trade creditors 294,239 319,685
Amounts owed to group undertakings 80,717 80,651
Corporation tax payable - 58,512
Social security & other taxes 2,850 2,835
VAT - 6,026
Directors' loan accounts 6,355 248,344
434,161 766,053

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30/11/23 30/11/22
£    £   
Bank loans - 1-2 years 50,000 50,000
Bank loans - 2-5 years 66,667 116,667
116,667 166,667

C J YARNELL LIMITED (REGISTERED NUMBER: 05284637)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 November 2023

8. SECURED DEBTS

The following secured debts are included within creditors:

30/11/23 30/11/22
£    £   
Bank loans 166,667 216,667

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30/11/23 30/11/22
value: £    £   
1 Ordinary £1 1 1

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The company's bank loan and overdraft facility is secured by personal security provided by the directors.

CHARTERED CERTIFIED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
C J YARNELL LIMITED

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of C J Yarnell Limited for the year ended 30 November 2023 which comprise the Statement of Income and Retained Earnings, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of C J Yarnell Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of C J Yarnell Limited and state those matters that we have agreed to state to the Board of Directors of C J Yarnell Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that C J Yarnell Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of C J Yarnell Limited. You consider that C J Yarnell 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 financial statements of C J Yarnell 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 financial statements.






Equus Miller Limited
Chartered Certified Accountants
Brook House
47 High Street
Henley in Arden
Warwickshire
B95 5AA


23 August 2024