Company Registration No. 08821409 (England and Wales)
YESCHEF SUPPLIES LIMITED
Unaudited accounts
for the year ended 31 December 2023
YESCHEF SUPPLIES LIMITED
Unaudited accounts
Contents
YESCHEF SUPPLIES LIMITED
Company Information
for the year ended 31 December 2023
Directors
Paul B Murphy
Danny Murphy
Company Number
08821409 (England and Wales)
Registered Office
Unit B334
New Covent Garden Market
London
SW8 5NQ
YESCHEF SUPPLIES LIMITED
Statement of financial position
as at 31 December 2023
Tangible assets
327,896
226,453
Debtors
1,056,249
1,301,033
Cash at bank and in hand
171,165
109,043
Creditors: amounts falling due within one year
(1,154,244)
(1,354,513)
Net current assets
124,566
87,006
Total assets less current liabilities
452,462
313,459
Creditors: amounts falling due after more than one year
(222,444)
(134,557)
Net assets
230,018
178,902
Called up share capital
3
3
Profit and loss account
230,015
178,899
Shareholders' funds
230,018
178,902
For the year 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 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 2 September 2024 and were signed on its behalf by
Paul B Murphy
Director
Company Registration No. 08821409
YESCHEF SUPPLIES LIMITED
Notes to the Accounts
for the year ended 31 December 2023
YESCHEF SUPPLIES LIMITED is a private company, limited by shares, registered in England and Wales, registration number 08821409. The registered office is Unit B334, New Covent Garden Market, London, SW8 5NQ.
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.
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:
Stock have been valued at the lower of cost and estimated selling price less costs to complete and sell.
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.
YESCHEF SUPPLIES LIMITED
Notes to the Accounts
for the year ended 31 December 2023
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 January 2023
232,919
51,500
30,553
1,534
316,506
Additions
3,327
180,000
-
-
183,327
At 31 December 2023
236,246
231,500
30,553
1,534
499,833
At 1 January 2023
52,108
6,625
30,552
768
90,053
Charge for the year
23,625
57,875
-
384
81,884
At 31 December 2023
75,733
64,500
30,552
1,152
171,937
At 31 December 2023
160,513
167,000
1
382
327,896
At 31 December 2022
180,811
44,875
1
766
226,453
Finished goods
51,396
31,443
Amounts falling due within one year
Trade debtors
1,007,195
1,249,359
Accrued income and prepayments
10,136
11,405
Other debtors
16,288
16,288
7
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
75,522
157,089
Obligations under finance leases and hire purchase contracts
31,769
5,623
Trade creditors
975,535
1,028,710
Taxes and social security
42,084
136,138
Loans from directors
13,340
18,840
YESCHEF SUPPLIES LIMITED
Notes to the Accounts
for the year ended 31 December 2023
8
Creditors: amounts falling due after more than one year
2023
2022
Obligations under finance leases and hire purchase contracts
133,840
15,908
9
Average number of employees
During the year the average number of employees was 32 (2022: 32).