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REGISTERED NUMBER: 04698949 (England and Wales)
























UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH APRIL 2024

FOR

YORVALE LIMITED

YORVALE LIMITED (REGISTERED NUMBER: 04698949)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH APRIL 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


YORVALE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH APRIL 2024







DIRECTORS: I Buxton
Mrs L A Buxton
J Buxton
Miss S Buxton





SECRETARY: Mrs L A Buxton





REGISTERED OFFICE: 3 & 4 Park Court
Riccall Road
Escrick
York
North Yorkshire
YO19 6ED





REGISTERED NUMBER: 04698949 (England and Wales)





ACCOUNTANTS: CGA
Chartered Certified Accountants
3 & 4 Park Court
Riccall Road
Escrick
York
North Yorkshire
YO19 6ED

YORVALE LIMITED (REGISTERED NUMBER: 04698949)

STATEMENT OF FINANCIAL POSITION
30TH APRIL 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 593,634 589,129
593,634 589,129

CURRENT ASSETS
Stocks 467,904 439,161
Debtors 6 878,173 694,867
Cash at bank and in hand 1,599,640 1,765,562
2,945,717 2,899,590
CREDITORS
Amounts falling due within one year 7 459,960 656,700
NET CURRENT ASSETS 2,485,757 2,242,890
TOTAL ASSETS LESS CURRENT LIABILITIES 3,079,391 2,832,019

PROVISIONS FOR LIABILITIES 85,305 84,050
NET ASSETS 2,994,086 2,747,969

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 2,993,986 2,747,869
SHAREHOLDERS' FUNDS 2,994,086 2,747,969

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th April 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.

YORVALE LIMITED (REGISTERED NUMBER: 04698949)

STATEMENT OF FINANCIAL POSITION - continued
30TH APRIL 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 21st January 2025 and were signed on its behalf by:




I Buxton - Director



Mrs L A Buxton - Director


YORVALE LIMITED (REGISTERED NUMBER: 04698949)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH APRIL 2024

1. STATUTORY INFORMATION

Yorvale Limited 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 Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.

Revenue is recognised once the products have been delivered to the customer and when it is virtually certain that payment will be received.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2003, has been amortised evenly over its estimated useful life of twenty years, and is now fully amortised. As at the transition date for Financial Reporting Standard 102, the estimated useful life of Goodwill was 8 years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Building alterations - 10% on reducing balance
Cold room & equipment - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 year end and 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2023 - 14 ) .

YORVALE LIMITED (REGISTERED NUMBER: 04698949)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH APRIL 2024

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st May 2023
and 30th April 2024 130,026
AMORTISATION
At 1st May 2023
and 30th April 2024 130,026
NET BOOK VALUE
At 30th April 2024 -
At 30th April 2023 -

5. TANGIBLE FIXED ASSETS
Building Cold room Motor Computer
alterations & equipment vehicles equipment Totals
£    £    £    £    £   
COST
At 1st May 2023 382,373 1,295,225 81,635 39,282 1,798,515
Additions - 129,619 - 1,537 131,156
Disposals - (230,674 ) - (21,039 ) (251,713 )
At 30th April 2024 382,373 1,194,170 81,635 19,780 1,677,958
DEPRECIATION
At 1st May 2023 221,374 881,369 70,001 36,642 1,209,386
Charge for year 16,100 77,290 2,908 1,815 98,113
Eliminated on disposal - (202,469 ) - (20,706 ) (223,175 )
At 30th April 2024 237,474 756,190 72,909 17,751 1,084,324
NET BOOK VALUE
At 30th April 2024 144,899 437,980 8,726 2,029 593,634
At 30th April 2023 160,999 413,856 11,634 2,640 589,129

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 296,054 651,929
Other debtors 582,119 42,938
878,173 694,867

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 162,748 233,028
Taxation and social security 181,937 223,490
Other creditors 115,275 200,182
459,960 656,700

YORVALE LIMITED (REGISTERED NUMBER: 04698949)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH APRIL 2024

8. SECURED DEBTS

A debenture is held by National Westminster Bank Plc, created 30th May 2003 and registered 5th June 2003.

A fixed and floating charge over the undertaking and all property and assets present and future including goodwill bookdebts uncalled capital buildings fixtures fixed plant and machinery.

9. RELATED PARTY DISCLOSURES

At the balance sheet date, the company owed £25,722 (2023 - £129,671) to members of key management personnel. No interest has been charged to the company in respect of this loan which is repayable on demand and is presented within creditors due within one year.


Renovate and Revive Limited
During the year under review, amounts totalling £535,000 (2023: £nil) were loaned to the above company that has a director in common with the company. No interest has been charged in respect of this loan which is repayable on demand and is presented within debtors due within one year.