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
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
Yew Tree Motorworks Limited
Statement of financial position
as at 30 April 2024
Tangible assets
22,815
27,694
Cash at bank and in hand
122,211
86,262
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
Net assets
157,323
135,650
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
Yew Tree Motorworks Limited
Notes to the Accounts
for the year ended 30 April 2024
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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 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 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.
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 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.
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
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
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
Amounts falling due within one year
Trade debtors
34,876
45,096
Accrued income and prepayments
5,636
6,353
6
Creditors: amounts falling due within one year
2024
2023
Trade creditors
18,583
19,682
Taxes and social security
8,912
8,100
Loans from directors
1,667
1,859
7
Average number of employees
During the year the average number of employees was 6 (2023: 6).