Silverfin false false 30/04/2024 01/05/2023 30/04/2024 Mr Jonathan Hay 04/06/2020 Mr Ben Hay 14/09/2020 31 January 2025 The principal activity of the business during the year is combined facilities support activities 12546280 2024-04-30 12546280 bus:Director1 2024-04-30 12546280 bus:Director2 2024-04-30 12546280 2023-04-30 12546280 core:CurrentFinancialInstruments 2024-04-30 12546280 core:CurrentFinancialInstruments 2023-04-30 12546280 core:ShareCapital 2024-04-30 12546280 core:ShareCapital 2023-04-30 12546280 core:RetainedEarningsAccumulatedLosses 2024-04-30 12546280 core:RetainedEarningsAccumulatedLosses 2023-04-30 12546280 core:PlantMachinery 2023-04-30 12546280 core:OfficeEquipment 2023-04-30 12546280 core:OtherPropertyPlantEquipment 2023-04-30 12546280 core:PlantMachinery 2024-04-30 12546280 core:OfficeEquipment 2024-04-30 12546280 core:OtherPropertyPlantEquipment 2024-04-30 12546280 2023-05-01 2024-04-30 12546280 bus:FilletedAccounts 2023-05-01 2024-04-30 12546280 bus:SmallEntities 2023-05-01 2024-04-30 12546280 bus:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 12546280 bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 12546280 bus:Director1 2023-05-01 2024-04-30 12546280 bus:Director2 2023-05-01 2024-04-30 12546280 core:PlantMachinery core:TopRangeValue 2023-05-01 2024-04-30 12546280 core:OfficeEquipment 2023-05-01 2024-04-30 12546280 core:OtherPropertyPlantEquipment 2023-05-01 2024-04-30 12546280 2022-05-01 2023-04-30 12546280 core:PlantMachinery 2023-05-01 2024-04-30 12546280 core:PlantMachinery 1 2023-05-01 2024-04-30 12546280 core:OfficeEquipment 1 2023-05-01 2024-04-30 12546280 core:OtherPropertyPlantEquipment 1 2023-05-01 2024-04-30 12546280 1 2023-05-01 2024-04-30 iso4217:GBP xbrli:pure

Company No: 12546280 (England and Wales)

YELLOWRISE LIMITED

Unaudited Financial Statements
For the financial year ended 30 April 2024
Pages for filing with the registrar

YELLOWRISE LIMITED

Unaudited Financial Statements

For the financial year ended 30 April 2024

Contents

YELLOWRISE LIMITED

BALANCE SHEET

As at 30 April 2024
YELLOWRISE LIMITED

BALANCE SHEET (continued)

As at 30 April 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 3 551,371 516,218
551,371 516,218
Current assets
Stocks 4 97,950 140,500
Debtors 5 817,704 330,115
Cash at bank and in hand 617 25,883
916,271 496,498
Creditors: amounts falling due within one year 6 ( 928,348) ( 853,312)
Net current liabilities (12,077) (356,814)
Total assets less current liabilities 539,294 159,404
Provision for liabilities 7 ( 134,790) ( 39,668)
Net assets 404,504 119,736
Capital and reserves
Called-up share capital 1 1
Profit and loss account 404,503 119,735
Total shareholders' funds 404,504 119,736

For the financial year ending 30 April 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

These financial statements have been prepared in accordance with the provisions of FRS 102 Section 1A – small entities. The financial statements of Yellowrise Limited (registered number: 12546280) were approved and authorised for issue by the Board of Directors on 31 January 2025. They were signed on its behalf by:

Mr Jonathan Hay
Director
Mr Ben Hay
Director
YELLOWRISE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 April 2024
YELLOWRISE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 April 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

The company is a private limited company by share capital, incorporated in England and Wales.

The address of the Company's registered office is:

Lower Cleeve Farm
Ross-On-Wye
Herefordshire
HR9 7TD
United Kingdom

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts and after eliminating sales within the company.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset over its expected useful life, as follows:

Plant and machinery 20 years straight line
Office equipment 30 % reducing balance
Other property, plant and equipment 20 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Leases

The Company as lessee
Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.
The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stock to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss

Financial instruments

The company holds:
- Short term trade and other debtors;
- Short term trade and other creditors; and
- Cash and bank balances

All financial instruments are classified as basic.

The company has chosen to apply the recognition and measurement principles in FRS102.

Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument and derecognised when in the case of assets, the contractual rights to cash flows from the assets expire or substantially all the risks and rewards of ownership are transferred to another party, or in the case of liabilities, when the company’s obligations are discharged, expire or are cancelled.

Except for bank loans, such instruments are initially measured at transaction price, including transaction costs, and are subsequently carried at the undiscounted amount of the cash or other consideration expected to be paid or received, after taking account of impairment adjustments.

Bank loans are initially measured at transaction price, including transaction costs, and are subsequently carried at amortised cost using the effective interest method.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 2 2

3. Tangible assets

Plant and machinery Office equipment Other property, plant
and equipment
Total
£ £ £ £
Cost
At 01 May 2023 242,602 0 376,834 619,436
Additions 165,995 541 0 166,536
Disposals ( 67,000) 0 0 ( 67,000)
At 30 April 2024 341,597 541 376,834 718,972
Accumulated depreciation
At 01 May 2023 48,520 0 54,698 103,218
Charge for the financial year 45,406 135 18,842 64,383
Transfer 0 0 0 0
At 30 April 2024 93,926 135 73,540 167,601
Net book value
At 30 April 2024 247,671 406 303,294 551,371
At 30 April 2023 194,082 0 322,136 516,218

4. Stocks

2024 2023
£ £
Stocks 97,950 140,500

5. Debtors

2024 2023
£ £
Trade debtors 727,649 279,192
Other debtors 90,055 50,923
817,704 330,115

6. Creditors: amounts falling due within one year

2024 2023
£ £
Trade creditors 727,596 605,230
Other taxation and social security 9,492 26,267
Other creditors 191,260 221,815
928,348 853,312

7. Provision for liabilities

2024 2023
£ £
Deferred tax 134,790 39,668