REGISTERED NUMBER: |
Project Yellow Recycling Limited |
Unaudited Financial Statements for the Year Ended 31st January 2024 |
REGISTERED NUMBER: |
Project Yellow Recycling Limited |
Unaudited Financial Statements for the Year Ended 31st January 2024 |
Project Yellow Recycling Limited (Registered number: 10251575) |
Contents of the Financial Statements |
for the Year Ended 31st January 2024 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
Project Yellow Recycling Limited |
Company Information |
for the Year Ended 31st January 2024 |
Director: |
Registered office: |
Registered number: |
Accountants: |
7 Neptune Court |
Vanguard Way |
Cardiff |
CF24 5PJ |
Project Yellow Recycling Limited (Registered number: 10251575) |
Balance Sheet |
31st January 2024 |
2024 | 2023 |
Notes | £ | £ |
Current assets |
Debtors | 4 |
Cash at bank |
Creditors |
Amounts falling due within one year | 5 | ( |
) | ( |
) |
Net current liabilities | ( |
) | ( |
) |
Total assets less current liabilities | ( |
) | ( |
) |
Capital and reserves |
Called up share capital | 7 |
Retained earnings | 8 | ( |
) | ( |
) |
Shareholders' funds | ( |
) | ( |
) |
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. |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements were approved by the director and authorised for issue on |
Project Yellow Recycling Limited (Registered number: 10251575) |
Notes to the Financial Statements |
for the Year Ended 31st January 2024 |
1. | Statutory information |
Project Yellow Recycling Limited is a |
2. | Accounting policies |
Basis of preparing the financial statements |
Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
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 |
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease. |
Cash at bank and in hand |
Cash at bank and in hand are basic financial assets and include cash in hand, deposits held at call with bank and other short-term liquid investments with original maturities of three months or less. |
Debtors and creditors receivable/payable within one year |
Debtors and creditors with no stated interest rate and receivable or payable within one year and recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss in other administrative expenses. |
Leasing commitments |
Rentals payable under operating leases, included any lease incentives received, are charged to the income statement on a straight line basis over the term of the relevant lease except where another more systematic basis more representative of the time pattern in which economic benefits from the lease asset are consumed. |
Going concern |
At the time of approving the financial statements, the director has reasonable expectation that the company has adequate resources to continue trading for the foreseeable future. Therefore the director continues to adopt the going concern basis of accounting in preparing these financial statements. |
Project Yellow Recycling Limited (Registered number: 10251575) |
Notes to the Financial Statements - continued |
for the Year Ended 31st January 2024 |
3. | Employees and directors |
The average number of employees during the year was |
4. | Debtors: amounts falling due within one year |
2024 | 2023 |
£ | £ |
Other debtors |
Deferred tax asset |
Prepayments and accrued income |
5. | Creditors: amounts falling due within one year |
2024 | 2023 |
£ | £ |
Trade creditors |
Amounts owed to group undertakings |
Social security and other taxes |
Accruals and deferred income |
6. | Leasing agreements |
Minimum lease payments under non-cancellable operating leases fall due as follows: |
2024 | 2023 |
£ | £ |
Within one year |
Between one and five years |
7. | Called up share capital |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2024 | 2023 |
value: | £ | £ |
Ordinary | £1 | 1 | 1 |
8. | Reserves |
Retained |
earnings |
£ |
At 1st February 2023 | ( |
) |
Deficit for the year | ( |
) |
At 31st January 2024 | ( |
) |
9. | Related party disclosures |
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group. |
Project Yellow Recycling Limited (Registered number: 10251575) |
Notes to the Financial Statements - continued |
for the Year Ended 31st January 2024 |
10. | Ultimate controlling party |
At the balance sheet date Tom Prichard (Holdings) Limited owned 100% of the shares. The ultimate controlling party at the balance sheet date is T D Prichard by virtue of his 100% shareholding in Tom Prichard (Holdings) Limited. |
Consolidated financial statements are prepared by Tom Prichard (Holdings) Limited for the year ended 31st January 2024, the company's registered office is: |
Earthmover's House, |
Unit 16 Llantrisant Business Park, |
Llantrisant, |
Pontyclun |
CF72 8LF |