Registered Number:11480827 |
For the year ended 31 July 2024
England and Wales
Unaudited Financial Statements
For the year ended 31 July 2024
Ymec Facilities Ltd
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
Ymec Facilities Ltd
Statement of Financial Position
2023
2024
Property, plant and equipment |
31,929
42,526
2
31,929
42,526
20,000
15,000
3
Trade and other receivables |
24,572
4,242
4
94,651
Cash and cash equivalents |
43,996
63,238
139,223
Trade and other payables: amounts falling due within one year |
(90,871)
(42,256)
5
48,352
20,982
Net current assets
Total assets less current liabilities |
52,911
90,878
Trade and other payables: amounts falling due after more than |
one year |
-
(10,841)
6
42,070
Net assets
90,878
100
2
41,970
90,876
42,070
90,878
Shareholders' funds
For the year ended 31 July 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 of its financial statements for the year ended 31 July 2024 in accordance with Section 476 of the Companies Act 2006 |
The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 Section 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 have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. |
Mr Ronald Stephen Greene Director |
Mr Russell Greene Director |
These financial statements were approved and authorised for issue by the Board on 15 October 2024 and were signed by: |
The notes form part of these financial statements |
1 of 4
For the year ended 31 July 2024
Ymec Facilities Ltd
Notes to the Financial Statements
Statutory Information
Ymec Facilities Ltd is a private limited company, limited by shares, domiciled in England and Wales, registration number 11480827. |
11 Delius Gardens
Horsham
West Sussex
RH13 6RY
The presentation currency is £ sterling. |
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial Reporting Standard 102 ''The |
Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the Companies Act 2006. The financial statements have |
been prepared under the historical costs convention as modified by the revaluation of certain assets. |
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax or other similar sales taxes. |
Property, plant and equipment
Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
Plant and Machinery
Motor Vehicles
Furniture and Fittings
Government grants
Government grants received are credited to deferred income. Grants towards capital expenditure are released to the profit and loss account over the expected useful life of the assets. Grants received towards revenue expenditure are released to the profit and loss account as the related expenditure is incurred. |
Inventories
Inventories are value at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straightline basis over the period of the lease.
Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme for the benefit of its directors/and employees. Contributions payable are charged to the profit and loss account in the period in which they are payable. |
2 of 4
For the year ended 31 July 2024
Ymec Facilities Ltd
Notes to the Financial Statements Continued
2. Property, plant and equipment |
Motor Vehicles
97,085
2,430
71,485
23,170
-
-
(1,600)
(1,600)
21,570
71,485
2,430
95,485
Provision for depreciation and impairment |
54,559
1,633
38,105
14,821
Charge for year
10,070
159
8,345
1,566
(1,073)
-
-
(1,073)
63,556
1,792
46,450
15,314
6,256
25,035
638
31,929
8,349
33,380
797
42,526
2023
2024
15,000
20,000
4. Trade and other receivables |
2023
2024
4,242
24,572
5. Trade and other payables: amounts falling due within one year |
2023
2024
4,658
27,581
Taxation and social security |
26,841
36,202
10,757
27,088
42,256
90,871
3 of 4
For the year ended 31 July 2024
Ymec Facilities Ltd
Notes to the Financial Statements Continued
6. Trade and other payables: amounts falling due after more than one year |
2023
2024
10,841
-
7. Average number of persons employed |
During the year the average number of employees was 4 (2023 : 4)
4 of 4