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REGISTERED NUMBER: 09380034 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST JANUARY 2024

FOR

YCH CONTRACTING LIMITED

YCH CONTRACTING LIMITED (REGISTERED NUMBER: 09380034)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST JANUARY 2024




Page

Company information 1

Balance sheet 2

Notes to the financial statements 4


YCH CONTRACTING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST JANUARY 2024







DIRECTORS: D A Begg
Mrs L Begg
J C Begg
Mrs M J Martin





SECRETARY: Mrs L Begg





REGISTERED OFFICE: Unit 7
Courtyard 31
Pontefract Road
Normanton
West Yorkshire
WF6 1JU





REGISTERED NUMBER: 09380034 (England and Wales)





ACCOUNTANTS: Smith Turner Chartered Accountants
Unit 7, Courtyard 31
Pontefract Road
Normanton
WF6 1JU

YCH CONTRACTING LIMITED (REGISTERED NUMBER: 09380034)

BALANCE SHEET
31ST JANUARY 2024

31/1/24 31/1/23
Notes £    £   
FIXED ASSETS
Tangible assets 4 17,705 33,547

CURRENT ASSETS
Stocks 258,050 142,750
Debtors 5 114,628 319,725
Cash at bank and in hand 147,943 20,380
520,621 482,855
CREDITORS
Amounts falling due within one year 6 (292,343 ) (255,954 )
NET CURRENT ASSETS 228,278 226,901
TOTAL ASSETS LESS CURRENT
LIABILITIES

245,983

260,448

CREDITORS
Amounts falling due after more than one
year

7

(16,724

)

(35,327

)

PROVISIONS FOR LIABILITIES (3,206 ) (6,374 )
NET ASSETS 226,053 218,747

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 225,953 218,647
226,053 218,747

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st January 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.

YCH CONTRACTING LIMITED (REGISTERED NUMBER: 09380034)

BALANCE SHEET - continued
31ST JANUARY 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 31st October 2024 and were signed on its behalf by:





J C Begg - Director


YCH CONTRACTING LIMITED (REGISTERED NUMBER: 09380034)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST JANUARY 2024

1. STATUTORY INFORMATION

YCH Contracting 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.

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.
Plant and machinery etc - 25% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

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

YCH CONTRACTING LIMITED (REGISTERED NUMBER: 09380034)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST JANUARY 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 4 (2023 - 4 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st February 2023 90,823
Disposals (26,500 )
At 31st January 2024 64,323
DEPRECIATION
At 1st February 2023 57,276
Charge for year 5,764
Eliminated on disposal (16,422 )
At 31st January 2024 46,618
NET BOOK VALUE
At 31st January 2024 17,705
At 31st January 2023 33,547

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1st February 2023 45,260
Disposals (26,500 )
At 31st January 2024 18,760
DEPRECIATION
At 1st February 2023 24,630
Charge for year 2,638
Eliminated on disposal (16,422 )
At 31st January 2024 10,846
NET BOOK VALUE
At 31st January 2024 7,914
At 31st January 2023 20,630

YCH CONTRACTING LIMITED (REGISTERED NUMBER: 09380034)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST JANUARY 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/1/24 31/1/23
£    £   
Trade debtors 92,128 202,873
Other debtors 22,500 116,852
114,628 319,725

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/1/24 31/1/23
£    £   
Bank loans and overdrafts 11,181 11,181
Hire purchase contracts 4,119 7,231
Trade creditors 111,708 56,677
Taxation and social security 68,439 36,339
Other creditors 96,896 144,526
292,343 255,954

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31/1/24 31/1/23
£    £   
Bank loans 11,371 21,455
Hire purchase contracts 5,353 13,872
16,724 35,327

8. RELATED PARTY DISCLOSURES

Creditors include a balance of £42,023 due to directors of the company. No interest is charged to the company in respect of this amount and there have been no fixed terms for repayment.

The company received loans from companies under common control, and the following balances remain unpaid at 31st January 2024:
YCH Group Limited £8,900
Albany Track Works Ltd £70,972