2024-01-01 00498827 2024-12-31 00498827 2024-01-01 2024-12-31 00498827 2023-12-31 00498827 2023-01-01 2023-12-31 00498827 uk-core:WithinOneYear 2023-12-31 00498827 uk-core:WithinOneYear 2024-12-31 00498827 uk-core:AfterOneYear 2023-12-31 00498827 uk-core:AfterOneYear 2024-12-31 00498827 uk-core:ShareCapital 2024-12-31 00498827 uk-core:ShareCapital 2023-12-31 00498827 uk-core:RetainedEarningsAccumulatedLosses 2024-12-31 00498827 uk-core:RetainedEarningsAccumulatedLosses 2023-12-31 00498827 uk-bus:Director1 2024-01-01 2024-12-31 00498827 uk-core:Buildings 2024-01-01 2024-12-31 00498827 uk-core:PlantMachinery 2024-01-01 2024-12-31 00498827 uk-core:ComputerEquipment 2024-01-01 2024-12-31 00498827 uk-core:CommercialMotorVehicles 2024-01-01 2024-12-31 00498827 uk-core:ComputerEquipment 2023-12-31 00498827 uk-core:PlantMachinery 2023-12-31 00498827 uk-core:Buildings 2023-12-31 00498827 uk-core:Buildings 2024-12-31 00498827 uk-core:PlantMachinery 2024-12-31 00498827 uk-core:ComputerEquipment 2024-12-31 00498827 uk-core:WithinOneYear uk-core:Secured 2024-12-31 00498827 uk-core:WithinOneYear uk-core:Secured 2023-12-31 00498827 uk-core:WithinOneYear 2024-12-31 00498827 uk-core:WithinOneYear 2023-12-31 00498827 uk-core:AfterOneYear uk-core:Secured 2024-12-31 00498827 uk-core:AfterOneYear uk-core:Secured 2023-12-31 iso4217:GBP xbrli:pure 00498827 uk-bus:AuditExemptWithAccountantsReport 2024-01-01 2024-12-31 00498827 uk-bus:FRS102 2024-01-01 2024-12-31 00498827 uk-bus:FilletedAccounts 2024-01-01 2024-12-31 00498827 uk-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31
Yorkshire Precision Gauges Ltd
Registered Number:00498827
For the year ended 31 December 2024
England and Wales
Unaudited Financial Statements
2
For the year ended 31 December 2024
Yorkshire Precision Gauges Ltd
Contents Page
1
Statement of Financial Position
2 to 5
Notes to the Financial Statements
3
Registered Number :
00498827
As at 31 December 2024
Yorkshire Precision Gauges Ltd
Statement of Financial Position
£
£
2023
2024
Notes
Fixed assets
Property, plant and equipment
439,308
467,532
2
439,308
467,532
Current assets
Inventories
566,814
475,056
3
Trade and other receivables
227,989
293,368
4
231
Cash and cash equivalents
14,429
782,853
795,034
Trade and other payables: amounts falling due within one
year
(605,520)
(562,157)
5
189,514
220,696
Net current assets
Total assets less current liabilities
660,004
657,046
Trade and other payables: amounts falling due after more
than one year
(135,181)
(75,555)
6
(47,284)
(46,934)
Provisions for liabilities
537,165
Net assets
474,931
Capital and reserves
Called up share capital
100,100
100,100
Retained earnings
437,065
374,831
537,165
474,931
Shareholders' funds
For the year ended 31 December 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 of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Mr Anthony Edwards Director
These financial statements were approved and authorised for issue by the Board on 11 March 2025 and were signed by:
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4
Registered Number :
00498827
For the year ended 31 December 2024
Yorkshire Precision Gauges Ltd
Statement of Financial Position Continued
The notes form part of these financial statements
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5
For the year ended 31 December 2024
Yorkshire Precision Gauges Ltd
Notes to the Financial Statements
Statutory Information
Yorkshire Precision Gauges Ltd is a private limited company, limited by shares, domiciled in England and Wales,
registration number 00498827.
Registered address:
Cuckoo Lane
Hatfield
Nr.Doncaster
DN7 6QF
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Land and buildings
0% Straight line
Plant and machinery
15% Reducing balance
20% Reducing balance
Computer equipment
25% Reducing balance
Motor vehicles
Government grants
Government grants received are credited to deferred income. Grants towards capital expenditure are released to the profit and loss account over the expected useful life of the assets. Grants received towards revenue expenditure are released to the profit and loss account as the related expenditure is incurred.
Inventories
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rate of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All foreign exchange differences are included to the profit and loss account.
Hire purchase and leasing commitments
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme for the benefit of its directors/and employees. Contributions payable are charged to the profit and loss account in the period in which they are payable.
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6
For the year ended 31 December 2024
Yorkshire Precision Gauges Ltd
Notes to the Financial Statements Continued
2. Property, plant and equipment
Total
Computer
equipment
Plant and
machinery
Land and
buildings
£
£
£
£
Cost or
valuation
At 01 January 2024
1,045,308
6,838
984,992
53,478
14,483
5,603
8,880
-
Additions
(3,079)
-
-
Disposals
(3,079)
At 31 December 2024
53,478
993,872
9,362
1,056,712
Provision for depreciation and impairment
At 01 January 2024
577,776
3,863
573,913
-
Charge for year
42,707
1,275
41,432
-
(3,079)
(3,079)
-
-
On disposal
At 31 December 2024
617,404
2,059
615,345
-
At 31 December 2024
Net book value
53,478
378,527
7,303
439,308
At 31 December 2023
53,478
411,079
2,975
467,532
3. Inventories
2023
2024
£
£
Stocks
475,056
566,814
4. Trade and other receivables
2023
2024
£
£
Trade debtors
261,508
193,988
Other debtors
31,860
34,001
227,989
293,368
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7
For the year ended 31 December 2024
Yorkshire Precision Gauges Ltd
Notes to the Financial Statements Continued
5. Trade and other payables: amounts falling due within one year
2023
2024
£
£
Bank loans and overdraft (secured)
50,704
50,704
Bank loans and overdraft
163,376
221,392
Trade creditors
146,799
154,608
Taxation and social security
61,901
47,868
Other creditors
139,377
130,948
562,157
605,520
6. Trade and other payables: amounts falling due after more than one year
2023
2024
£
£
Bank loans and overdraft
24,084
41,084
Bank loans and overdraft (secured)
49,612
92,238
Other creditors
1,859
1,859
75,555
135,181
7. Average number of persons employed
During the year the average number of employees was 28 (2023 : 36)
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