Company Registration No. SC551919 (Scotland)
Yelldon Limited
Unaudited accounts
for the period from 31 December 2022 to 30 November 2023
Yelldon Limited
Unaudited accounts
Contents
Yelldon Limited
Company Information
for the period from 31 December 2022 to 30 November 2023
Directors
Luke Simpson
Donald Simpson
Company Number
SC551919 (Scotland)
Registered Office
Greenland House
Brucefield Road
Blairgowrie
PH10 6LA
Scotland
Accountants
B2B Admin Ltd
69 Broad Street
Cowdenbeath
KY4 8JP
Yelldon Limited
Statement of financial position
as at 30 November 2023
Tangible assets
943,027
961,965
Cash at bank and in hand
45,807
39,720
Creditors: amounts falling due within one year
(389,200)
(479,052)
Net current liabilities
(336,009)
(418,477)
Total assets less current liabilities
607,018
543,488
Creditors: amounts falling due after more than one year
(15,519)
(33,889)
Provisions for liabilities
Deferred tax
(39,801)
(67,474)
Net assets
551,698
442,125
Called up share capital
20
20
Profit and loss account
551,678
442,105
Shareholders' funds
551,698
442,125
For the period ending 30 November 2023 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 27 September 2024 and were signed on its behalf by
Luke Simpson
Director
Company Registration No. SC551919
Yelldon Limited
Notes to the Accounts
for the period from 31 December 2022 to 30 November 2023
Yelldon Limited is a private company, limited by shares, registered in Scotland, registration number SC551919. The registered office is Greenland House, Brucefield Road, Blairgowrie, PH10 6LA, Scotland.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous period, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Government grants are recognised at the fair value of the asset received or receivable. Grants are not recognised until there is reasonable assurance that the entity will comply with the conditions attaching to them and the grants will be received.
Government grants are recognised using the accrual model and the performance model.
Under the accrual model, government grants relating to revenue are recognised on a systematic basis over the periods in which the entity recognises the related costs for which the grant is intended to compensate. Grants that are receivable as compensation for expenses or losses already incurred or for the purpose of giving immediate financial support to the entity with no future related costs are recognised in income in the period in which it becomes receivable. Grants relating to assets are recognised in income on a systematic basis over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income and not deducted from the carrying amount of the asset.
Under the performance model, where the grant does not impose specified future performance related conditions on the recipient, it is recognised in income when the grant proceeds are received or receivable. Where the grant does impose specified future performance-related conditions on the recipient, it is recognised in income only when the performance-related conditions have been met. Where grants received are prior to satisfying the revenue recognition criteria, they are recognised as a liability.
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting 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 reporting date 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.
Yelldon Limited
Notes to the Accounts
for the period from 31 December 2022 to 30 November 2023
Tangible fixed assets and depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
15% reducing balance
4
Tangible fixed assets
Land & buildings
Plant & machinery
Total
Cost or valuation
At cost
At cost
At 31 December 2022
783,823
326,844
1,110,667
At 30 November 2023
783,823
336,001
1,119,824
At 31 December 2022
-
148,702
148,702
Charge for the period
-
28,095
28,095
At 30 November 2023
-
176,797
176,797
At 30 November 2023
783,823
159,204
943,027
At 30 December 2022
783,823
178,142
961,965
Amounts falling due within one year
Accrued income and prepayments
6,441
19,198
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
22,860
53,846
Trade creditors
9,975
3,242
Taxes and social security
4,564
3,397
Other creditors
35,800
49,762
Loans from directors
140,330
194,107
Deferred income
107,828
104,300
7
Creditors: amounts falling due after more than one year
2023
2022
Yelldon Limited
Notes to the Accounts
for the period from 31 December 2022 to 30 November 2023
8
Average number of employees
During the period the average number of employees was 10 (2022: 8).