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Company No: 05716923 (England and Wales)

YORSOLUTION LTD

Unaudited Financial Statements
For the financial year ended 31 January 2024
Pages for filing with the registrar

YORSOLUTION LTD

Unaudited Financial Statements

For the financial year ended 31 January 2024

Contents

YORSOLUTION LTD

COMPANY INFORMATION

For the financial year ended 31 January 2024
YORSOLUTION LTD

COMPANY INFORMATION (continued)

For the financial year ended 31 January 2024
DIRECTORS Natasha Louise Morrell
Stephen Jonathan Morrell
REGISTERED OFFICE Wellington House
Aviator Court
York
YO30 4UZ
United Kingdom
COMPANY NUMBER 05716923 (England and Wales)
ACCOUNTANT Morrell Middleton Auditors Ltd
Chartered Certified Accountants
Wellington House
Aviator Court
York
YO30 4UZ
YORSOLUTION LTD

BALANCE SHEET

As at 31 January 2024
YORSOLUTION LTD

BALANCE SHEET (continued)

As at 31 January 2024
Note 2024 2023
£ £
Current assets
Stocks 5 5,250 0
Debtors 6 10,537 10,383
Cash at bank and in hand 7 1,625 2,921
17,412 13,304
Creditors: amounts falling due within one year 8 ( 9,750) ( 2,861)
Net current assets 7,662 10,443
Total assets less current liabilities 7,662 10,443
Net assets 7,662 10,443
Capital and reserves
Called-up share capital 9 2 2
Profit and loss account 7,660 10,441
Total shareholders' funds 7,662 10,443

For the financial year ending 31 January 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Yorsolution Ltd (registered number: 05716923) were approved and authorised for issue by the Board of Directors on 21 September 2024. They were signed on its behalf by:

Stephen Jonathan Morrell
Director
YORSOLUTION LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 January 2024
YORSOLUTION LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 January 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Yorsolution Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Wellington House, Aviator Court, York, YO30 4UZ, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Taxation

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

2. Critical accounting judgements and key sources of estimation uncertainty

In the application of the Company’s accounting policies, the directors are required to make judgements that have a significant impact on the amounts recognised. The following are the critical judgements that the directors have made in the process of applying the Company’s accounting policies and that have the most significant effect on the amounts recognised in the financial statements.

3. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 2 2

4. Dividends on equity shares

5. Stocks

2024 2023
£ £
Work in progress 5,250 0

6. Debtors

2024 2023
£ £
Trade debtors 10,537 10,383

7. Cash and cash equivalents

2024 2023
£ £
Cash at bank and in hand 1,625 2,921

8. Creditors: amounts falling due within one year

2024 2023
£ £
Bank loans 38,113 43,851
Trade creditors 0 15
Amounts owed to Group undertakings ( 65,176) ( 53,345)
Taxation and social security 5,239 360
Other creditors 31,574 11,980
9,750 2,861

9. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
2 Ordinary shares of £ 1.00 each 2 2