2023-01-01 00498827 2023-12-31 00498827 2023-01-01 2023-12-31 00498827 2022-12-31 00498827 2022-01-01 2022-12-31 00498827 uk-core:WithinOneYear 2022-12-31 00498827 uk-core:WithinOneYear 2023-12-31 00498827 uk-core:AfterOneYear 2022-12-31 00498827 uk-core:AfterOneYear 2023-12-31 00498827 uk-core:ShareCapital 2023-12-31 00498827 uk-core:ShareCapital 2022-12-31 00498827 uk-core:RetainedEarningsAccumulatedLosses 2023-12-31 00498827 uk-core:RetainedEarningsAccumulatedLosses 2022-12-31 00498827 uk-bus:Director1 2023-01-01 2023-12-31 00498827 uk-core:Buildings 2023-01-01 2023-12-31 00498827 uk-core:PlantMachinery 2023-01-01 2023-12-31 00498827 uk-core:ComputerEquipment 2023-01-01 2023-12-31 00498827 uk-core:CommercialMotorVehicles 2023-01-01 2023-12-31 00498827 uk-core:ComputerEquipment 2022-12-31 00498827 uk-core:PlantMachinery 2022-12-31 00498827 uk-core:Buildings 2022-12-31 00498827 uk-core:Buildings 2023-12-31 00498827 uk-core:PlantMachinery 2023-12-31 00498827 uk-core:ComputerEquipment 2023-12-31 00498827 uk-core:WithinOneYear uk-core:Secured 2023-12-31 00498827 uk-core:WithinOneYear uk-core:Secured 2022-12-31 00498827 uk-core:WithinOneYear 2023-12-31 00498827 uk-core:WithinOneYear 2022-12-31 00498827 uk-core:AfterOneYear uk-core:Secured 2023-12-31 00498827 uk-core:AfterOneYear uk-core:Secured 2022-12-31 iso4217:GBP xbrli:pure 00498827 uk-bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 00498827 uk-bus:FRS102 2023-01-01 2023-12-31 00498827 uk-bus:FilletedAccounts 2023-01-01 2023-12-31 00498827 uk-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31
Yorkshire Precision Gauges Ltd
Registered Number:00498827
For the year ended 31 December 2023
England and Wales
Unaudited Financial Statements
2
For the year ended 31 December 2023
Yorkshire Precision Gauges Ltd
Contents Page
1
Statement of Financial Position
2 to 5
Notes to the Financial Statements
3
Registered Number :
00498827
As at 31 December 2023
Yorkshire Precision Gauges Ltd
Statement of Financial Position
£
£
2022
2023
Notes
Fixed assets
Property, plant and equipment
467,532
468,557
2
467,532
468,557
Current assets
Inventories
563,561
566,814
3
Trade and other receivables
211,864
227,989
4
10,831
Cash and cash equivalents
231
795,034
786,256
Trade and other payables: amounts falling due within one
year
(633,800)
(605,520)
5
152,456
189,514
Net current assets
Total assets less current liabilities
657,046
621,013
Trade and other payables: amounts falling due after more
than one year
(155,250)
(135,181)
6
(46,934)
(48,057)
Provisions for liabilities
474,931
Net assets
417,706
Capital and reserves
Called up share capital
100,100
100,100
Retained earnings
374,831
317,606
474,931
417,706
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 directors acknowledge their 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.
Mr Anthony Edwards Director
These financial statements were approved and authorised for issue by the Board on 02 April 2024 and were signed by:
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4
Registered Number :
00498827
For the year ended 31 December 2023
Yorkshire Precision Gauges Ltd
Statement of Financial Position Continued
The notes form part of these financial statements
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5
For the year ended 31 December 2023
Yorkshire Precision Gauges Ltd
Notes to the Financial Statements
Statutory Information
Yorkshire Precision Gauges Ltd is a private limited company, limited by shares, domiciled in England and Wales,
registration number 00498827.
Registered address:
Cuckoo Lane
Hatfield
Nr.Doncaster
DN7 6QF
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:
Land and buildings
0% Straight line
Plant and machinery
15% Reducing balance
20% Reducing balance
Computer equipment
25% Reducing balance
Motor vehicles
Government grants
Government grants received are credited to deferred income. Grants towards capital expenditure are released to the profit and loss account over the expected useful life of the assets. Grants received towards revenue expenditure are released to the profit and loss account as the related expenditure is incurred.
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.
Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rate of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All foreign exchange differences are included to the profit and loss account.
Hire purchase and leasing commitments
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme for the benefit of its directors/and employees. Contributions payable are charged to the profit and loss account in the period in which they are payable.
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6
For the year ended 31 December 2023
Yorkshire Precision Gauges Ltd
Notes to the Financial Statements Continued
2. Property, plant and equipment
Total
Computer
equipment
Plant and
machinery
Land and
buildings
£
£
£
£
Cost or
valuation
At 01 January 2023
1,029,680
30,340
945,862
53,478
42,408
1,738
40,670
-
Additions
(25,240)
(1,540)
-
Disposals
(26,780)
At 31 December 2023
53,478
984,992
6,838
1,045,308
Provision for depreciation and impairment
At 01 January 2023
561,123
27,979
533,144
-
Charge for year
43,433
1,124
42,309
-
(26,780)
(25,240)
(1,540)
-
On disposal
At 31 December 2023
577,776
3,863
573,913
-
At 31 December 2023
Net book value
53,478
411,079
2,975
467,532
At 31 December 2022
53,478
412,718
2,361
468,557
3. Inventories
2022
2023
£
£
Stocks
566,814
563,561
4. Trade and other receivables
2022
2023
£
£
Trade debtors
193,988
169,186
Other debtors
34,001
42,678
211,864
227,989
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7
For the year ended 31 December 2023
Yorkshire Precision Gauges Ltd
Notes to the Financial Statements Continued
5. Trade and other payables: amounts falling due within one year
2022
2023
£
£
Bank loans and overdraft (secured)
50,704
59,800
Bank loans and overdraft
221,392
233,210
Trade creditors
154,608
166,554
Taxation and social security
47,868
42,403
Other creditors
130,948
131,833
605,520
633,800
6. Trade and other payables: amounts falling due after more than one year
2022
2023
£
£
Bank loans and overdraft
41,084
58,083
Bank loans and overdraft (secured)
92,238
95,308
Other creditors
1,859
1,859
135,181
155,250
7. Average number of persons employed
During the year the average number of employees was 36 (2022 : 36)
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