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REGISTERED NUMBER: 08800732 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Yellow Couriers Ltd

Yellow Couriers Ltd (Registered number: 08800732)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Yellow Couriers Ltd

Company Information
for the Year Ended 31 December 2023







DIRECTOR: E Silverberger





SECRETARY: Ms E Bawa





REGISTERED OFFICE: 21 Church Road
Parkstone
Poole
Dorset
BH14 8UF





REGISTERED NUMBER: 08800732 (England and Wales)





ACCOUNTANT: Richard Allen & Associates
21 Church Road
Parkstone
Poole
Dorset
BH14 8UF

Yellow Couriers Ltd (Registered number: 08800732)

Balance Sheet
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 59,843 41,067

CURRENT ASSETS
Stocks 4,433 3,549
Debtors 5 55,876 50,412
60,309 53,961
CREDITORS
Amounts falling due within one year 6 68,472 60,582
NET CURRENT LIABILITIES (8,163 ) (6,621 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

51,680

34,446

CREDITORS
Amounts falling due after more than one
year

7

(39,107

)

(26,281

)

PROVISIONS FOR LIABILITIES (11,370 ) (7,803 )
NET ASSETS 1,203 362

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,103 262
SHAREHOLDERS' FUNDS 1,203 362

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

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 director acknowledges his 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.

Yellow Couriers Ltd (Registered number: 08800732)

Balance Sheet - continued
31 December 2023


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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 4 September 2024 and were signed by:





E Silverberger - Director


Yellow Couriers Ltd (Registered number: 08800732)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Yellow Couriers Ltd 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 33% on cost and 25% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Yellow Couriers Ltd (Registered number: 08800732)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023 119,545
Additions 44,820
Disposals (14,449 )
At 31 December 2023 149,916
DEPRECIATION
At 1 January 2023 78,478
Charge for year 19,948
Eliminated on disposal (8,353 )
At 31 December 2023 90,073
NET BOOK VALUE
At 31 December 2023 59,843
At 31 December 2022 41,067

Yellow Couriers Ltd (Registered number: 08800732)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 January 2023 80,844
Additions 44,820
Transfer to ownership (61,494 )
At 31 December 2023 64,170
DEPRECIATION
At 1 January 2023 47,371
Charge for year 13,927
Transfer to ownership (38,905 )
At 31 December 2023 22,393
NET BOOK VALUE
At 31 December 2023 41,777
At 31 December 2022 33,473

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 16,691 10,180
Other debtors 39,185 40,232
55,876 50,412

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 11,784 12,654
Hire purchase contracts 24,124 12,756
Trade creditors 650 -
Taxation and social security 21,983 32,572
Other creditors 9,931 2,600
68,472 60,582

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 14,167 24,167
Hire purchase contracts 24,940 2,114
39,107 26,281

Yellow Couriers Ltd (Registered number: 08800732)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2023 and 31 December 2022:

2023 2022
£    £   
E Silverberger
Balance outstanding at start of year 38,633 35,484
Amounts advanced 51,024 61,292
Amounts repaid (50,602 ) (58,143 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 39,055 38,633