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REGISTERED NUMBER: 04368503 (England and Wales)












Unaudited Financial Statements

for the Year Ended 29th February 2024

for

YELLOW TECHNOLOGY LIMITED

YELLOW TECHNOLOGY LIMITED (REGISTERED NUMBER: 04368503)

Contents of the Financial Statements
for the year ended 29th February 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


YELLOW TECHNOLOGY LIMITED

Company Information
for the year ended 29th February 2024







DIRECTORS: A Conner
P Eaglesfield
G Eaglesfield





SECRETARY:





REGISTERED OFFICE: Bulse Grange Rookery Lane
Wendens Ambo
Saffron Walden
CB11 4JT





REGISTERED NUMBER: 04368503 (England and Wales)





ACCOUNTANTS: Attenboroughs (Accountants) Limited
Chartered Certified Accountants
1 Tower House
Tower Centre
Hoddesdon
Hertfordshire
EN11 8UR

YELLOW TECHNOLOGY LIMITED (REGISTERED NUMBER: 04368503)

Balance Sheet
29th February 2024

29/2/24 28/2/23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 48,609 35,638

CURRENT ASSETS
Stocks 232,429 226,802
Debtors 5 271,637 36,074
Cash at bank 435,937 140,152
940,003 403,028
CREDITORS
Amounts falling due within one year 6 791,476 248,239
NET CURRENT ASSETS 148,527 154,789
TOTAL ASSETS LESS CURRENT
LIABILITIES

197,136

190,427

CREDITORS
Amounts falling due after more than one year 7 (15,508 ) (33,309 )

PROVISIONS FOR LIABILITIES (5,051 ) (6,771 )
NET ASSETS 176,577 150,347

CAPITAL AND RESERVES
Called up share capital 8 300 300
Revaluation reserve 9 - 18,234
Retained earnings 176,277 131,813
SHAREHOLDERS' FUNDS 176,577 150,347

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29th February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29th February 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.

YELLOW TECHNOLOGY LIMITED (REGISTERED NUMBER: 04368503)

Balance Sheet - continued
29th February 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 3rd October 2024 and were signed on its behalf by:





P Eaglesfield - Director


YELLOW TECHNOLOGY LIMITED (REGISTERED NUMBER: 04368503)

Notes to the Financial Statements
for the year ended 29th February 2024


1. STATUTORY INFORMATION

Yellow Technology 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 as modified by the revaluation of certain assets.

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.
Fixtures and fittings - 10% on reducing balance
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.

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 TECHNOLOGY LIMITED (REGISTERED NUMBER: 04368503)

Notes to the Financial Statements - continued
for the year ended 29th February 2024


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 13 (2023 - 12 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST OR VALUATION
At 1st March 2023 60,287 51,431 111,718
Additions 8,073 - 8,073
Disposals (41,744 ) - (41,744 )
Revaluations - 21,847 21,847
At 29th February 2024 26,616 73,278 99,894
DEPRECIATION
At 1st March 2023 39,112 36,968 76,080
Charge for year 2,509 8,310 10,819
Eliminated on disposal (35,614 ) - (35,614 )
At 29th February 2024 6,007 45,278 51,285
NET BOOK VALUE
At 29th February 2024 20,609 28,000 48,609
At 28th February 2023 21,175 14,463 35,638

Cost or valuation at 29th February 2024 is represented by:

Fixtures
and Motor
fittings vehicles Totals
£    £    £   
Valuation in 2024 - 21,847 21,847
Cost 26,616 51,431 78,047
26,616 73,278 99,894

YELLOW TECHNOLOGY LIMITED (REGISTERED NUMBER: 04368503)

Notes to the Financial Statements - continued
for the year ended 29th February 2024


4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST OR VALUATION
At 1st March 2023 51,431
Revaluations 21,847
At 29th February 2024 73,278
DEPRECIATION
At 1st March 2023 36,968
Charge for year 8,310
At 29th February 2024 45,278
NET BOOK VALUE
At 29th February 2024 28,000
At 28th February 2023 14,463

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29/2/24 28/2/23
£    £   
Trade debtors 50,148 31,718
Amounts recoverable on contract 141,883 -
Other debtors 79,606 4,356
271,637 36,074

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29/2/24 28/2/23
£    £   
Bank loans and overdrafts 10,000 14,511
Hire purchase contracts 7,800 8,329
Trade creditors 215,754 69,546
Taxation and social security 54,607 32,887
Other creditors 503,315 122,966
791,476 248,239

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
29/2/24 28/2/23
£    £   
Bank loans 12,500 22,500
Hire purchase contracts 3,008 10,809
15,508 33,309

YELLOW TECHNOLOGY LIMITED (REGISTERED NUMBER: 04368503)

Notes to the Financial Statements - continued
for the year ended 29th February 2024


8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 29/2/24 28/2/23
value: £    £   
300 Ordinary £1 300 300

9. RESERVES
Revaluation
reserve
£   
At 1st March 2023 18,234
Release of revaluation (18,234 )

At 29th February 2024 -

10. ULTIMATE CONTROLLING PARTY

The controlling party is P Eaglesfield.

The ultimate controlling party is P Eaglesfield.