Registered number
09356973
Ant Yorkshire Ltd
Filleted Accounts
31 December 2023
Ant Yorkshire Ltd
Registered number: 09356973
Balance Sheet
as at 31 December 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 10,599 17,075
Current assets
Stocks 89,000 73,000
Debtors 4 36,304 34,688
Cash at bank and in hand 81,856 111,559
207,160 219,247
Creditors: amounts falling due within one year 5 (103,795) (41,024)
Net current assets 103,365 178,223
Total assets less current liabilities 113,964 195,298
Creditors: amounts falling due after more than one year 6 (16,782) (51,860)
Net assets 97,182 143,438
Capital and reserves
Called up share capital 10 10
Profit and loss account 97,172 143,428
Shareholders' funds 97,182 143,438
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Tomasz Mykaj
Director
Approved by the board on 29 July 2024
Ant Yorkshire Ltd
Notes to the Accounts
for the year ended 31 December 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Leased assets
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 7 7
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 January 2023 30,812 34,200 65,012
Additions 1,118 - 1,118
At 31 December 2023 31,930 34,200 66,130
Depreciation
At 1 January 2023 23,187 24,750 47,937
Charge for the year 4,444 3,150 7,594
At 31 December 2023 27,631 27,900 55,531
Net book value
At 31 December 2023 4,299 6,300 10,599
At 31 December 2022 7,625 9,450 17,075
4 Debtors 2023 2022
£ £
Trade debtors - 996
Other debtors 36,304 33,692
36,304 34,688
5 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 42,025 42,025
Trade creditors 38,316 15,659
Taxation and social security costs 12,588 18,985
Other creditors 10,866 (35,645)
103,795 41,024
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 16,782 51,860
7 Loans to directors
Description and conditions B/fwd Paid Repaid C/fwd
£ £ £ £
Tomasz Mykaj
Non interest bearing, repayable on demand 47,731 41,126 (76,621) 12,236
47,731 41,126 (76,621) 12,236
8 Other information
Ant Yorkshire Ltd is a private company limited by shares and incorporated in England. Its registered office is:
Unit 14
Enterprise Way Holbrook Industrial Estate
Sheffield
S20 3GL
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