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REGISTERED NUMBER: 14629693 (England and Wales)







Abridged Financial Statements

for the Period 1st February 2023 to 30th April 2024

for

Yard Worcester Ltd

Yard Worcester Ltd (Registered number: 14629693)






Contents of the Financial Statements
for the Period 1st February 2023 to 30th April 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Yard Worcester Ltd

Company Information
for the Period 1st February 2023 to 30th April 2024







DIRECTORS: A J Edney
S C Sosna
J D Phillips





REGISTERED OFFICE: Suite 3, First Floor
8 Basin Road
Diglis Basin
Worcester
Worcestershire
WR5 3GA





REGISTERED NUMBER: 14629693 (England and Wales)





ACCOUNTANTS: The Richards Sandy Partnership
Thorneloe House
25 Barbourne Road
Worcester
Worcestershire
WR1 1RU

Yard Worcester Ltd (Registered number: 14629693)

Abridged Balance Sheet
30th April 2024

Notes £    £   
FIXED ASSETS
Tangible assets 4 43,368

CURRENT ASSETS
Stocks 2,750
Debtors 19,818
Cash at bank and in hand 33,709
56,277
CREDITORS
Amounts falling due within one year 66,954
NET CURRENT LIABILITIES (10,677 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

32,691

CREDITORS
Amounts falling due after more than one
year

35,015
NET LIABILITIES (2,324 )

CAPITAL AND RESERVES
Called up share capital 100
Retained earnings (2,424 )
(2,324 )

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

The members have not required the company to obtain an audit of its financial statements for the period ended 30th 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.

Yard Worcester Ltd (Registered number: 14629693)

Abridged Balance Sheet - continued
30th April 2024


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 period ended 30th April 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 28th October 2024 and were signed on its behalf by:




A J Edney - Director S C Sosna - Director




J D Phillips - Director


Yard Worcester Ltd (Registered number: 14629693)

Notes to the Financial Statements
for the Period 1st February 2023 to 30th April 2024

1. STATUTORY INFORMATION

Yard Worcester Ltd 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.

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 etc - 33% on cost, 25% on reducing balance and 20% on reducing balance

GOVERNMENT GRANTS
Government grants are recognised using the accruals model.

Government grants relating to compensation for expenses or losses already incurred or for the purpose of giving immediate financial support to the company with no future related costs are recognised in income in the period in which the grants becomes receivable.

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 period 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 period 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
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 period was 18 .

Yard Worcester Ltd (Registered number: 14629693)

Notes to the Financial Statements - continued
for the Period 1st February 2023 to 30th April 2024

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
Additions 57,261
At 30th April 2024 57,261
DEPRECIATION
Charge for period 13,893
At 30th April 2024 13,893
NET BOOK VALUE
At 30th April 2024 43,368

5. SECURED DEBTS

The following secured debts are included within creditors:

£   
Hire purchase contracts 39,478

The loans are secured against the assets of the company.

6. RELATED PARTY DISCLOSURES

Included within the accounts is a loan from the parent company, Yard Coffee Group Ltd, a company registered in the United Kingdom. No interest is charged on this loan.

7. GOING CONCERN

As at 30 April 2024 the balance sheet was overdrawn by £2,324. The directors of the parent company Yard Coffee Group Ltd, have agreed to support the company for the foreseeable future and the accounts have therefore been drawn up on a going concern basis.