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REGISTERED NUMBER: 07086091 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

YEOMAN PRESSINGS LIMITED

YEOMAN PRESSINGS LIMITED (REGISTERED NUMBER: 07086091)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024










Page

Balance Sheet 1

Notes to the Financial Statements 3


YEOMAN PRESSINGS LIMITED (REGISTERED NUMBER: 07086091)

BALANCE SHEET
30 SEPTEMBER 2024

30.9.24 30.9.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 678,884 353,661

CURRENT ASSETS
Stocks 189,277 250,304
Debtors 5 647,718 524,746
Cash at bank and in hand 277,643 251,079
1,114,638 1,026,129
CREDITORS
Amounts falling due within one year 6 662,820 526,850
NET CURRENT ASSETS 451,818 499,279
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,130,702

852,940

CREDITORS
Amounts falling due after more than one
year

7

(164,319

)

(71,928

)

PROVISIONS FOR LIABILITIES (170,000 ) (88,000 )

ACCRUALS AND DEFERRED INCOME (9,111 ) (11,389 )
NET ASSETS 787,272 681,623

CAPITAL AND RESERVES
Called up share capital 200 200
Retained earnings 787,072 681,423
SHAREHOLDERS' FUNDS 787,272 681,623

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

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

YEOMAN PRESSINGS LIMITED (REGISTERED NUMBER: 07086091)

BALANCE SHEET - continued
30 SEPTEMBER 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 January 2025 and were signed on its behalf by:




G L Yeomans - Director



Mrs T M Yeomans - Director


YEOMAN PRESSINGS LIMITED (REGISTERED NUMBER: 07086091)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024


1. STATUTORY INFORMATION

Yeoman Pressings Limited is a private company, limited by shares, registered in England and Wales, registered number 07086091. Its registered office is Unit 10 Cannon Business Park, Gough Road, Bilston, West Midlands, WV14 8XR.

The financial statements are presented in Sterling, which is the functional currency of the company.

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, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 35% on reducing balance, 25% on reducing balance and 20% on reducing balance

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 Statement of Income and Retained Earnings, 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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

YEOMAN PRESSINGS LIMITED (REGISTERED NUMBER: 07086091)

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


2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Financial instruments
Basic financial liabilities, including trade and other debtors, bank loans and other loans are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 34 (2023 - 26 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 October 2023 1,478,572
Additions 433,314
At 30 September 2024 1,911,886
DEPRECIATION
At 1 October 2023 1,124,911
Charge for year 108,091
At 30 September 2024 1,233,002
NET BOOK VALUE
At 30 September 2024 678,884
At 30 September 2023 353,661

YEOMAN PRESSINGS LIMITED (REGISTERED NUMBER: 07086091)

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


4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 October 2023 345,305
Additions 420,000
At 30 September 2024 765,305
DEPRECIATION
At 1 October 2023 150,092
Charge for year 82,683
At 30 September 2024 232,775
NET BOOK VALUE
At 30 September 2024 532,530
At 30 September 2023 195,213

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade debtors 569,271 462,434
Other debtors 78,447 62,312
647,718 524,746

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Hire purchase contracts (see note 8) 106,459 65,739
Trade creditors 318,869 299,091
Amounts owed to group undertakings 90,723 -
Taxation and social security 120,612 147,283
Other creditors 26,157 14,737
662,820 526,850

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.9.24 30.9.23
£    £   
Hire purchase contracts (see note 8) 164,319 71,928

YEOMAN PRESSINGS LIMITED (REGISTERED NUMBER: 07086091)

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


8. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
30.9.24 30.9.23
£    £   
Net obligations repayable:
Within one year 106,459 65,739
Between one and five years 164,319 71,928
270,778 137,667

Non-cancellable operating leases
30.9.24 30.9.23
£    £   
Within one year 97,805 92,052
Between one and five years 391,216 391,216
In more than five years 97,805 195,610
586,826 678,878

9. SECURED DEBTS

The following secured debts are included within creditors:

30.9.24 30.9.23
£    £   
Hire purchase contracts 270,778 137,667

The hire purchase liabilities are secured against the assets financed.