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REGISTERED NUMBER: 05735411 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 April 2024

for

Yorkshire Timber and Builders Merchants
Limited

Yorkshire Timber and Builders Merchants
Limited (Registered number: 05735411)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Yorkshire Timber and Builders Merchants
Limited

Company Information
for the Year Ended 30 April 2024







DIRECTORS: Mr P Emmett
Mr M J Kipping
Mr D Robinson





SECRETARY: Mr D Robinson





REGISTERED OFFICE: European House
Victoria Road
Halifax
West Yorkshire
HX1 5PT





REGISTERED NUMBER: 05735411 (England and Wales)





ACCOUNTANTS: Crowther Chartered Accountants
Abacus House
Pennine Business Park
Longbow Close
Huddersfield
West Yorkshire
HD2 1GQ

Yorkshire Timber and Builders Merchants
Limited (Registered number: 05735411)

Balance Sheet
30 April 2024

30.4.24 30.4.23
Notes £ £ £ £
FIXED ASSETS
Intangible assets 4 66,164 70,927
Tangible assets 5 332,559 398,653
398,723 469,580

CURRENT ASSETS
Stocks 6 523,600 352,000
Debtors 7 1,534,108 1,357,938
Cash at bank and in hand 2,123,328 2,347,153
4,181,036 4,057,091
CREDITORS
Amounts falling due within one year 8 2,059,593 2,148,089
NET CURRENT ASSETS 2,121,443 1,909,002
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,520,166

2,378,582

PROVISIONS FOR LIABILITIES 77,737 94,051
NET ASSETS 2,442,429 2,284,531

CAPITAL AND RESERVES
Called up share capital 103 103
Retained earnings 2,442,326 2,284,428
SHAREHOLDERS' FUNDS 2,442,429 2,284,531

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Yorkshire Timber and Builders Merchants
Limited (Registered number: 05735411)

Balance Sheet - continued
30 April 2024


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 Board of Directors and authorised for issue on 30 September 2024 and were signed on its behalf by:




Mr P Emmett - Director Mr M J Kipping - Director




Mr D Robinson - Director


Yorkshire Timber and Builders Merchants
Limited (Registered number: 05735411)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

Yorkshire Timber and Builders Merchants 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. 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.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of nil years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Short leasehold - 10% on cost
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% 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.

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.

Yorkshire Timber and Builders Merchants
Limited (Registered number: 05735411)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 28 (2023 - 29 ) .

4. INTANGIBLE FIXED ASSETS
Computer
software
£
COST
At 1 May 2023 71,523
Additions 2,430
At 30 April 2024 73,953
AMORTISATION
At 1 May 2023 596
Amortisation for year 7,193
At 30 April 2024 7,789
NET BOOK VALUE
At 30 April 2024 66,164
At 30 April 2023 70,927

Yorkshire Timber and Builders Merchants
Limited (Registered number: 05735411)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

5. TANGIBLE FIXED ASSETS
Fixtures
Short Plant and and
leasehold machinery fittings
£ £ £
COST
At 1 May 2023 3,432 93,912 93,844
Additions - - -
Disposals - - -
At 30 April 2024 3,432 93,912 93,844
DEPRECIATION
At 1 May 2023 3,432 64,784 75,967
Charge for year - 5,825 2,683
Eliminated on disposal - - -
At 30 April 2024 3,432 70,609 78,650
NET BOOK VALUE
At 30 April 2024 - 23,303 15,194
At 30 April 2023 - 29,128 17,877

Motor Computer
vehicles equipment Totals
£ £ £
COST
At 1 May 2023 489,339 14,105 694,632
Additions 41,021 7,527 48,548
Disposals (29,337 ) - (29,337 )
At 30 April 2024 501,023 21,632 713,843
DEPRECIATION
At 1 May 2023 137,691 14,105 295,979
Charge for year 91,656 2,101 102,265
Eliminated on disposal (16,960 ) - (16,960 )
At 30 April 2024 212,387 16,206 381,284
NET BOOK VALUE
At 30 April 2024 288,636 5,426 332,559
At 30 April 2023 351,648 - 398,653

6. STOCKS
30.4.24 30.4.23
£ £
Stocks 523,600 352,000

Yorkshire Timber and Builders Merchants
Limited (Registered number: 05735411)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£ £
Trade debtors 1,247,708 1,073,524
Other debtors 13,426 13,426
Directors' loan accounts 254,377 252,398
Prepayments 18,597 18,590
1,534,108 1,357,938

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£ £
Trade creditors 1,790,846 1,868,399
Tax 155,242 209,346
Social security and other tax 7,340 8,337
Pension liability 5,556 3,025
VAT 78,028 38,549
Other creditors 3,995 14,054
Accrued expenses 18,586 6,379
2,059,593 2,148,089

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
30.4.24 30.4.23
£ £
Within one year 80,000 -
Between one and five years 320,000 -
In more than five years 452,500 -
852,500 -

10. SECURED DEBTS

The following secured debts are included within creditors:

30.4.24 30.4.23
£ £

Yorkshire Timber and Builders Merchants
Limited (Registered number: 05735411)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 April 2024 and 30 April 2023:

30.4.2430.4.23
££
Director 1
Balance outstanding at start of year86,74673,783
Amounts advanced89,96588,353
Amounts repaid(88,322)(75,390)
Balance outstanding at end of year89,98286,746

Director 2
Balance outstanding at start of year109,61197,365
Amounts advanced110,830109,616
Amounts repaid(109,611)(97,370)
Balance outstanding at end of year110,830109,611
Director 3
Balance outstanding at start of year56,04058,676
Amounts advanced55,15956,045
Amounts repaid(56,041)(58,680)
Balance outstanding at end of year55,15856,040



12. ULTIMATE CONTROLLING PARTY

The controlling party is Mr P Emmett.