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Registered number: 05514789
Yorkshire Commercial Services Limited
Unaudited Financial Statements
For The Year Ended 31 October 2024
360 Accountants Limited
19 Albion Street
Hull
East Yorkshire
HU1 3TG
Contents
Page
Company Information 1
Balance Sheet 2—3
Notes to the Financial Statements 4—6
Page 1
Company Information
Directors Mr S M Wells
Mrs K K Wells
Secretary Mr S M Wells
Company Number 05514789
Registered Office Fen House
1 Beech Grove
Swanland
East Yorkshire
HU14 3QA
Accountants 360 Accountants Limited
19 Albion Street
Hull
East Yorkshire
HU1 3TG
Bankers National Westminster Bank Plc
34 King Edward Street
Hull
East Yorkshire
HU1 3SS
Page 1
Page 2
Balance Sheet
Registered number: 05514789
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 768 1,030
Investment Properties 5 76,000 76,000
76,768 77,030
CURRENT ASSETS
Debtors 33,677 22,436
Cash at bank and in hand 35,130 9,848
68,807 32,284
Creditors: Amounts Falling Due Within One Year (40,508 ) (22,978 )
NET CURRENT ASSETS (LIABILITIES) 28,299 9,306
TOTAL ASSETS LESS CURRENT LIABILITIES 105,067 86,336
Creditors: Amounts Falling Due After More Than One Year (49,131 ) (55,988 )
NET ASSETS 55,936 30,348
CAPITAL AND RESERVES
Called up share capital 6 3 3
Revaluation reserve 7 12,225 12,225
Profit and Loss Account 43,708 18,120
SHAREHOLDERS' FUNDS 55,936 30,348
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Page 3
For the year ending 31 October 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 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mrs K K Wells
Director
20th January 2025
The notes on pages 4 to 5 form part of these financial statements.
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Page 4
Notes to the Financial Statements
1. General Information
Yorkshire Commercial Services Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05514789 . The registered office is Fen House, 1 Beech Grove, Swanland, East Yorkshire, HU14 3QA.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 15% on cost
Fixtures & Fittings 25% on reducing balance
Computer Equipment 33% on cost
2.4. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
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3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
4. Tangible Assets
Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 November 2023 833 1,525 1,059 3,417
As at 31 October 2024 833 1,525 1,059 3,417
Depreciation
As at 1 November 2023 833 501 1,053 2,387
Provided during the period - 256 6 262
As at 31 October 2024 833 757 1,059 2,649
Net Book Value
As at 31 October 2024 - 768 - 768
As at 1 November 2023 - 1,024 6 1,030
5. Investment Property
2024
£
Fair Value
As at 1 November 2023 and 31 October 2024 76,000
6. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 3 3
7. Reserves
Revaluation Reserve
£
As at 1 November 2023 12,225
As at 31 October 2024 12,225
8. Ultimate Controlling Party
In the opinion of the director, there is no ultimate controlling party. 
9. Loans
An analysis of the maturity of loans is given below:
31.10.24          31.10.23
     £                        £      
Amounts falling due within one year or on demand:
Bank loans 
6,389                 6,000 
Amounts falling due between one and two years:
Bank loans - 1-2 years
3,488                  6,000 
...CONTINUED
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Amounts falling due between two and five years:
Bank loans - 2-5 years 
Nil                   3,923 
Amounts falling due in more than five years:
Repayable by instalments
Bank loans more 5 yr by instal 
45,642               46,065
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