Registered number
04865649
YORK SURVEY SUPPLY CENTRE LIMITED
Report and Accounts
30 November 2024
YORK SURVEY SUPPLY CENTRE LIMITED
Report and accounts
Contents
Page
Directors' report 1
Profit and loss account 2
Balance sheet 3
Statement of changes in equity 5
Notes to the accounts 6
YORK SURVEY SUPPLY CENTRE LIMITED
Registered number: 04865649
Directors' Report
The directors present their report and accounts for the year ended 30 November 2024.
Principal activities
The company's principal activity during the year continued to be the supply, service and hire of surveying and ancillary equipment
Directors
The following persons served as directors during the year:
W A Heath
S R Rawlings
Small company provisions
This report has been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
This report was approved by the board on 22 January 2025 and signed by its order.
Mrs S M Simpson
Secretary
YORK SURVEY SUPPLY CENTRE LIMITED
Profit and Loss Account
for the year ended 30 November 2024
2024 2023
£ £
Turnover 1,608,980 1,843,725
Cost of sales (880,616) (1,036,072)
Gross profit 728,364 807,653
Administrative expenses (677,848) (709,502)
Other operating income 46,682 40,767
Operating profit 97,198 138,918
Interest receivable 3,885 3,117
Interest payable (719) (972)
Profit before taxation 100,364 141,063
Tax on profit (23,642) (46,442)
Profit for the financial year 76,722 94,621
YORK SURVEY SUPPLY CENTRE LIMITED
Registered number: 04865649
Balance Sheet
as at 30 November 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 1,467,272 1,467,544
Current assets
Stocks 653,558 682,440
Debtors 4 171,136 178,540
Cash at bank and in hand 299,147 228,436
1,123,841 1,089,416
Creditors: amounts falling due within one year 5 (345,185) (262,747)
Net current assets 778,656 826,669
Total assets less current liabilities 2,245,928 2,294,213
Creditors: amounts falling due after more than one year 6 (24,218) (33,333)
Provisions for liabilities (3,285) (2,511)
Net assets 2,218,425 2,258,369
Capital and reserves
Called up share capital 83,333 83,333
Revaluation reserve 7 512,030 512,030
Capital redemption reserve 9 417,500 417,500
Profit and loss account 1,205,562 1,245,506
Shareholders' funds 2,218,425 2,258,369
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
S R Rawlings
Director
Approved by the board on 22 January 2025
YORK SURVEY SUPPLY CENTRE LIMITED
Statement of Changes in Equity
for the year ended 30 November 2024
Share Capital Re- Profit Total
capital redemption valuation and loss
reserve reserve account
£ £ £ £ £
At 1 December 2022 83,333 417,500 512,030 1,263,385 2,276,248
Profit for the financial year 94,621 94,621
Dividends (112,500) (112,500)
At 30 November 2023 83,333 417,500 512,030 1,245,506 2,258,369
At 1 December 2023 83,333 417,500 512,030 1,245,506 2,258,369
Profit for the financial year 76,722 76,722
Dividends (116,666) (116,666)
At 30 November 2024 83,333 417,500 512,030 1,205,562 2,218,425
YORK SURVEY SUPPLY CENTRE LIMITED
Notes to the Accounts
for the year ended 30 November 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings not provided
Plant and machinery 20% reducing balance
Fixtures, fittings, tools and equipment 20% reducing balance
Motor vehicles over 4 years
Computer equipment over 3 years
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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 reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 12 12
3 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 December 2023 1,453,261 259,775 1,713,036
Additions - 4,146 4,146
At 30 November 2024 1,453,261 263,921 1,717,182
Depreciation
At 1 December 2023 - 245,492 245,492
Charge for the year - 4,418 4,418
At 30 November 2024 - 249,910 249,910
Net book value
At 30 November 2024 1,453,261 14,011 1,467,272
At 30 November 2023 1,453,261 14,283 1,467,544
4 Debtors 2024 2023
£ £
Trade debtors 171,136 178,540
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 232,471 129,310
Corporation tax 22,868 46,953
Taxation and social security costs 60,680 57,317
Other creditors 29,166 29,167
345,185 262,747
6 Creditors: amounts falling due after one year 2024 2023
£ £
Government Bouncve Back Loan Scheme 24,218 33,333
7 Revaluation reserve 2024 2023
£ £
At 1 December 2023 512,030 512,030
At 30 November 2024 512,030 512,030
9 Capital redemption reserve 2024 2023
£ £
At 1 December 2023 417,500 417,500
At 30 November 2024 417,500 417,500
8 Controlling party
S R Rawlings as a shareholder and managing director is deemed to be the ultimate controllong party.
9 Other information
YORK SURVEY SUPPLY CENTRE LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
Prospect House
George Cauley Drive, Clifton Moor
York
North Yorkshire
YO30 4XE
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