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REGISTERED NUMBER: 06468610 (England and Wales)












Unaudited Financial Statements

for the Year Ended 31 March 2024

for

Yorkshire Mineral Company Ltd

Yorkshire Mineral Company Ltd (Registered number: 06468610)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Yorkshire Mineral Company Ltd

Company Information
for the Year Ended 31 March 2024







Directors: W R Watts
D C Watts





Secretary: P Thompson





Registered office: Watts House
Carnaby Industrial Estate
Lancaster Road
Carnaby
East Yorkshire
YO15 3QY





Registered number: 06468610 (England and Wales)





Accountants: Ashby Berry Coulsons Ltd
2 Belgrave Crescent
Scarborough
North Yorkshire
YO11 1UB

Yorkshire Mineral Company Ltd (Registered number: 06468610)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
Fixed assets
Tangible assets 4 - 13,577

Current assets
Stocks 166,741 189,645
Debtors 5 437,108 136,359
Cash at bank 119,633 100,757
723,482 426,761
Creditors
Amounts falling due within one year 6 487,535 298,972
Net current assets 235,947 127,789
Total assets less current liabilities 235,947 141,366

Provisions for liabilities - 2,043
Net assets 235,947 139,323

Capital and reserves
Called up share capital 7 100,000 100,000
Retained earnings 135,947 39,323
Shareholders' funds 235,947 139,323

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

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

Yorkshire Mineral Company Ltd (Registered number: 06468610)

Balance Sheet - continued
31 March 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 16 December 2024 and were signed on its behalf by:





D C Watts - Director


Yorkshire Mineral Company Ltd (Registered number: 06468610)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. Statutory information

Yorkshire Mineral Company Ltd 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 the provisions of Section 1A "Small Entities" 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 cost convention modified to include certain items at fair value.The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

Tangible fixed assets
Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment
losses. Cost includes costs directly attributable to making the asset capable of operating as intended.
Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less
estimated residual value, of each asset on a systematic basis over its expected useful life.

Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing stock to its present location and condition. Cost is calculated using the first-in, first-out formula. Provision is made for damaged, obsolete and slow-moving stock where appropriate.

Yorkshire Mineral Company Ltd (Registered number: 06468610)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

2. Accounting policies - continued

Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses

Impairment
Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

Leases
Rentals payable and receivable under operating leases are charged to the profit and loss account on a straight line basis over the period of the lease.

Taxation
Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements. 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 balance sheet date that are expected to apply to the reversal of timing differences. Deferred tax on revalued non-depreciable tangible fixed assets and investment properties is measured using the rates and allowances that apply to the sale of the asset.

Turnover and other income
Turnover is measured at the fair value of the consideration received or receivable net of VAT and trade discounts. The policies adopted for the recognition of turnover are as follows:

Sale of goods
Turnover from the sale of produce is recognised when significant risks and rewards of ownership of the goods have transferred to the buyer, the amount of turnover can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transaction can be measured reliably. This is usually on dispatch of the goods.

Interest and dividends receivable
Interest income is recognised using the effective interest method and dividend income is recognised as the company's right to receive payment is established.

Yorkshire Mineral Company Ltd (Registered number: 06468610)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

3. Employees and directors

The average number of employees during the year was 6 (2023 - 7 ) .

4. Tangible fixed assets
Plant and
machinery
etc
£   
Cost
At 1 April 2023
and 31 March 2024 872,867
Depreciation
At 1 April 2023 859,290
Charge for year 13,577
At 31 March 2024 872,867
Net book value
At 31 March 2024 -
At 31 March 2023 13,577

5. Debtors: amounts falling due within one year
2024 2023
£    £   
Trade debtors 325,067 113,361
Amounts owed by group undertakings 894 -
Other debtors 111,147 22,998
437,108 136,359

6. Creditors: amounts falling due within one year
2024 2023
£    £   
Trade creditors 287,052 208,913
Amounts owed to group undertakings 81,800 -
Taxation and social security 56,045 82,623
Other creditors 62,638 7,436
487,535 298,972

Yorkshire Mineral Company Ltd (Registered number: 06468610)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

7. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100,000 Ordinary shares £1 100,000 100,000

8. Ultimate controlling party

Yorkshire Minerals Limited was a wholly owned subsidiary of Cornwall Holdings Limited from 1 April to 2 October 2023. From 3 October 2023, the company has been a wholly owned subsidiary of WWW & K Watts Limited, whose registered office is Watts House, Carnaby Industrial Estate, Lancaster Road, Bridlington, East Yorkshire YO15 3QY.