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Company Registration No. 1320896 (England and Wales)
Yew Tree Motorworks Limited Unaudited accounts for the year ended 30 April 2024
Yew Tree Motorworks Limited Unaudited accounts Contents
Page
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Yew Tree Motorworks Limited Company Information for the year ended 30 April 2024
Directors
L G Hastings M S Hastings
Secretary
Mrs M S Hastings
Company Number
1320896 (England and Wales)
Registered Office
Moreton House 31 High St Buckingham MK18 1NU
Accountants
Anthistle Craven Moreton House 31 High Street Buckingham Bucks MK18 1NU
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Yew Tree Motorworks Limited Statement of financial position as at 30 April 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
22,815 
27,694 
Current assets
Inventories
8,200 
9,200 
Debtors
40,512 
51,449 
Cash at bank and in hand
122,211 
86,262 
170,923 
146,911 
Creditors: amounts falling due within one year
(35,995)
(37,848)
Net current assets
134,928 
109,063 
Total assets less current liabilities
157,743 
136,757 
Provisions for liabilities
Deferred tax
(420)
(1,107)
Net assets
157,323 
135,650 
Capital and reserves
Called up share capital
2,000 
2,000 
Profit and loss account
155,323 
133,650 
Shareholders' funds
157,323 
135,650 
For the year ending 30 April 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 27 August 2024 and were signed on its behalf by
L G Hastings Director Company Registration No. 1320896
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Yew Tree Motorworks Limited Notes to the Accounts for the year ended 30 April 2024
1
Statutory information
Yew Tree Motorworks Limited is a private company, limited by shares, registered in England and Wales, registration number 1320896. The registered office is Moreton House, 31 High St, Buckingham, MK18 1NU .
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.
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% reducing balance method
Plant & machinery
20% reducing balance method and 10% on reducing balance method
Motor vehicles
25% reducing balance method
Fixtures & fittings
10% reducing balance method
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.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
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.
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.
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Yew Tree Motorworks Limited Notes to the Accounts for the year ended 30 April 2024
4
Tangible fixed assets
Land & buildings 
Plant & machinery 
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 May 2023
7,667 
174,758 
40,400 
39,980 
262,805 
At 30 April 2024
7,667 
174,758 
40,400 
39,980 
262,805 
Depreciation
At 1 May 2023
6,330 
162,555 
34,473 
31,753 
235,111 
Charge for the year
134 
2,440 
1,482 
823 
4,879 
At 30 April 2024
6,464 
164,995 
35,955 
32,576 
239,990 
Net book value
At 30 April 2024
1,203 
9,763 
4,445 
7,404 
22,815 
At 30 April 2023
1,337 
12,203 
5,927 
8,227 
27,694 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
34,876 
45,096 
Accrued income and prepayments
5,636 
6,353 
40,512 
51,449 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
6,437 
8,041 
Trade creditors
18,583 
19,682 
Taxes and social security
8,912 
8,100 
Other creditors
396 
166 
Loans from directors
1,667 
1,859 
35,995 
37,848 
7
Average number of employees
During the year the average number of employees was 6 (2023: 6).
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