Registered number
SC692870
S Yorke Limited
Filleted Accounts
31 July 2024
S Yorke Limited
Registered number: SC692870
Balance Sheet
as at 31 July 2024
Notes 2024 2023
£ £
Fixed assets
Intangible assets 3 75,000 -
Tangible assets 4 71,394 63,277
146,394 63,277
Current assets
Stocks 19,171 20,361
Debtors 5 78,901 31,262
Cash at bank and in hand 134,785 93,517
232,857 145,140
Creditors: amounts falling due within one year 6 (299,061) (166,312)
Net current liabilities (66,204) (21,172)
Total assets less current liabilities 80,190 42,105
Creditors: amounts falling due after more than one year 7 - (40,000)
Net assets 80,190 2,105
Capital and reserves
Called up share capital 2 2
Profit and loss account 80,188 2,103
Shareholders' funds 80,190 2,105
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
S Yorke
Director
Approved by the board on 2 December 2024
S Yorke Limited
Notes to the Accounts
for the year ended 31 July 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
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 sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fixtures, fittings, tools and equipment over 5 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 12 10
3 Intangible fixed assets £
Cost
Additions 100,000
At 31 July 2024 100,000
Amortisation
Provided during the year 25,000
At 31 July 2024 25,000
Net book value
At 31 July 2024 75,000
4 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 August 2023 47,674 33,120 80,794
Additions - 24,384 24,384
At 31 July 2024 47,674 57,504 105,178
Depreciation
At 1 August 2023 4,767 12,750 17,517
Charge for the year 4,767 11,500 16,267
At 31 July 2024 9,534 24,250 33,784
Net book value
At 31 July 2024 38,140 33,254 71,394
At 31 July 2023 42,907 20,370 63,277
5 Debtors 2024 2023
£ £
Other debtors 78,901 31,262
6 Creditors: amounts falling due within one year 2024 2023
£ £
Loans - 20,000
Trade creditors 32,533 12,483
Taxation and social security costs 104,638 61,699
Other creditors 161,890 72,130
299,061 166,312
7 Creditors: amounts falling due after one year 2024 2023
£ £
Loans - 40,000
S Yorke Limited SC692870 false 2023-08-01 2024-07-31 2024-07-31 VT Final Accounts July 2024 S Yorke No description of principal activity SC692870 2022-08-01 2023-07-31 SC692870 core:WithinOneYear 2023-07-31 SC692870 core:AfterOneYear 2023-07-31 SC692870 core:ShareCapital 2023-07-31 SC692870 core:RetainedEarningsAccumulatedLosses 2023-07-31 SC692870 2023-08-01 2024-07-31 SC692870 bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 SC692870 bus:AuditExemptWithAccountantsReport 2023-08-01 2024-07-31 SC692870 bus:Director40 2023-08-01 2024-07-31 SC692870 1 2023-08-01 2024-07-31 SC692870 2 2023-08-01 2024-07-31 SC692870 core:Goodwill 2023-08-01 2024-07-31 SC692870 core:LandBuildings 2023-08-01 2024-07-31 SC692870 core:PlantMachinery 2023-08-01 2024-07-31 SC692870 bus:FRS102 2023-08-01 2024-07-31 SC692870 bus:FilletedAccounts 2023-08-01 2024-07-31 SC692870 2024-07-31 SC692870 core:WithinOneYear 2024-07-31 SC692870 core:AfterOneYear 2024-07-31 SC692870 core:ShareCapital 2024-07-31 SC692870 core:RetainedEarningsAccumulatedLosses 2024-07-31 SC692870 core:Goodwill 2024-07-31 SC692870 core:LandBuildings 2024-07-31 SC692870 core:PlantMachinery 2024-07-31 SC692870 2023-07-31 SC692870 core:LandBuildings 2023-07-31 SC692870 core:PlantMachinery 2023-07-31 iso4217:GBP xbrli:pure