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Registered number: 08798630
Yard and Stable Hygiene Services Ltd
Unaudited Financial Statements
For The Year Ended 31 March 2024
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 08798630
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 - 300
- 300
CURRENT ASSETS
Stocks 5 20,000 16,704
Debtors 6 57,349 82,335
Cash at bank and in hand 29,097 32,968
106,446 132,007
Creditors: Amounts Falling Due Within One Year 7 (110,715 ) (31,929 )
NET CURRENT ASSETS (LIABILITIES) (4,269 ) 100,078
TOTAL ASSETS LESS CURRENT LIABILITIES (4,269 ) 100,378
Creditors: Amounts Falling Due After More Than One Year 8 (244,260 ) (191,507 )
NET LIABILITIES (248,529 ) (91,129 )
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account (248,629 ) (91,229 )
SHAREHOLDERS' FUNDS (248,529) (91,129)
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For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr T G Fillery
Director
2 October 2024
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Yard and Stable Hygiene Services Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 08798630 . The registered office is 2 The Old Estate Yard High Street, East Hendred, Wantage, Oxfordshire, OX12 8JY.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary 
amounts in these financial statements are rounded to the nearest £.
2.2. Going Concern Disclosure
The company reports net liabilities of £248,529 as at 31 March 2024, however at the time of approving the 
financial statements, the directors have a reasonable expectation that the company has adequate resources 
to continue in operational existence for the foreseeable future. The director continues to support the company 
and as at the 31 March 2024 is owed £232,260 this loan is interest free and will not be repaid until the 
company has adequate resources to do so. Thus the directors continue to adopt the going concern basis of 
accounting in preparing the financial statements. 
2.3. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 33.33% Straight line
Motor Vehicles 25% Straight line
Fixtures & Fittings 25% Straight line
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.6. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
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2.7. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2023: 2)
3 2
4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Total
£ £ £ £
Cost
As at 1 April 2023 8,960 6,551 3,457 18,968
As at 31 March 2024 8,960 6,551 3,457 18,968
Depreciation
As at 1 April 2023 8,960 6,551 3,157 18,668
Provided during the period - - 300 300
As at 31 March 2024 8,960 6,551 3,457 18,968
Net Book Value
As at 31 March 2024 - - - -
As at 1 April 2023 - - 300 300
5. Stocks
2024 2023
£ £
Stock 20,000 16,704
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6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 47,253 68,676
Prepayments and accrued income - 1,875
Other debtors 7,663 6,890
Corporation tax recoverable assets 2,423 2,423
VAT - 2,461
Called up share capital not paid 10 10
57,349 82,335
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 91,195 23,836
Bank loans and overdrafts 6,000 6,000
Other taxes and social security 485 518
VAT 10,331 -
Pensions payable 1,049 -
Accruals and deferred income 1,655 1,575
110,715 31,929
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 12,000 15,500
Directors loan account 232,260 176,007
244,260 191,507
9. Share Capital
2024 2023
£ £
Called Up Share Capital not Paid 10 10
Called Up Share Capital has been paid up 90 90
Amount of Allotted, Called Up Share Capital 100 100
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