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REGISTERED NUMBER: 07432493 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Station Yard Services Limited

Station Yard Services Limited (Registered number: 07432493)

Contents of the Financial Statements
for the year ended 31 December 2023










Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Station Yard Services Limited

Company Information
for the year ended 31 December 2023







Director: J A Miller





Registered office: Old Station Yard
Withington
Hereford
Herefordshire
HR1 3SE





Registered number: 07432493 (England and Wales)





Accountants: Acre Accountancy Limited
Unit 2 Foley Works
Foley Industrial Estate
Hereford
Herefordshire
HR1 2SF

Station Yard Services Limited (Registered number: 07432493)

Abridged Balance Sheet
31 December 2023

31/12/23 31/12/22
Notes £    £   
FIXED ASSETS
Tangible assets 5 68,432 13,374

CURRENT ASSETS
Stocks 31,220 47,100
Debtors 13,715 4,190
Cash at bank and in hand 39,775 82,593
84,710 133,883
CREDITORS
Amounts falling due within one year (28,563 ) (29,332 )
NET CURRENT ASSETS 56,147 104,551
TOTAL ASSETS LESS CURRENT
LIABILITIES

124,579

117,925

CREDITORS
Amounts falling due after more than one year (7,870 ) -

PROVISIONS FOR LIABILITIES (10,707 ) (2,541 )
NET ASSETS 106,002 115,384

CAPITAL AND RESERVES
Called up share capital 200 200
Retained earnings 105,802 115,184
SHAREHOLDERS' FUNDS 106,002 115,384

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.

Station Yard Services Limited (Registered number: 07432493)

Abridged 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 December 2023 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 26 September 2024 and were signed by:





J A Miller - Director


Station Yard Services Limited (Registered number: 07432493)

Notes to the Financial Statements
for the year ended 31 December 2023


1. STATUTORY INFORMATION

Station Yard Services Limited 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
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.
Plant and machinery - 25% on cost
Fixtures and fittings - 25% on cost
Motor vehicles - 25% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
Financial instruments are classified and accounted for according to the substance of the contractual arrangement. They are classified as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

Station Yard Services Limited (Registered number: 07432493)

Notes to the Financial Statements - continued
for the year ended 31 December 2023


3. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase and finance leases are capitalised as tangible assets and depreciated over their useful lives in accordance with depreciation policy. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the lease payments is charged to the profit and loss account over the period of the contract.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

5. TANGIBLE FIXED ASSETS
Totals
£   
Cost
At 1 January 2023 132,157
Additions 106,585
Disposals (78,210 )
At 31 December 2023 160,532
Depreciation
At 1 January 2023 118,783
Charge for year 16,251
Eliminated on disposal (42,934 )
At 31 December 2023 92,100
Net book value
At 31 December 2023 68,432
At 31 December 2022 13,374

6. LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

31/12/23 31/12/22
£    £   
Net obligations repayable:
Within one year 2,297 -
Between one and five years 7,870 -
10,167 -