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REGISTERED NUMBER: SC451795 (Scotland)









YATES HELLIER LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH JUNE 2024






YATES HELLIER LIMITED (REGISTERED NUMBER: SC451795)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH JUNE 2024




Page

Company Information 1

Chartered Certified Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


YATES HELLIER LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH JUNE 2024







DIRECTORS: J Hellier
R Yates





REGISTERED OFFICE: 149 Hyndland Road
Glasgow
G12 9JA





REGISTERED NUMBER: SC451795 (Scotland)





ACCOUNTANTS: russell + russell
Chartered Certified Accountants
4 Royal Crescent
Glasgow
G3 7SL

CHARTERED CERTIFIED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
YATES HELLIER LIMITED

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Yates Hellier Limited for the year ended 30th June 2024 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of Yates Hellier Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Yates Hellier Limited and state those matters that we have agreed to state to the Board of Directors of Yates Hellier Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at
https://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/tf-163-jan-24.pdf.

To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Yates Hellier Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Yates Hellier Limited. You consider that Yates Hellier Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Yates Hellier Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






russell + russell
Chartered Certified Accountants
4 Royal Crescent
Glasgow
G3 7SL


27th March 2025

YATES HELLIER LIMITED (REGISTERED NUMBER: SC451795)

BALANCE SHEET
30TH JUNE 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 1,523 2,339
Tangible assets 5 108,074 61,307
109,597 63,646

CURRENT ASSETS
Stocks 1,200 2,100
Debtors 6 116,591 91,267
Cash at bank and in hand 96,599 194,579
214,390 287,946
CREDITORS
Amounts falling due within one year 7 218,091 212,273
NET CURRENT (LIABILITIES)/ASSETS (3,701 ) 75,673
TOTAL ASSETS LESS CURRENT
LIABILITIES

105,896

139,319

CREDITORS
Amounts falling due after more than one
year

8

(25,282

)

(44,513

)

PROVISIONS FOR LIABILITIES (18,589 ) (12,812 )
NET ASSETS 62,025 81,994

CAPITAL AND RESERVES
Called up share capital 11 100 100
Retained earnings 61,925 81,894
SHAREHOLDERS' FUNDS 62,025 81,994

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

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

YATES HELLIER LIMITED (REGISTERED NUMBER: SC451795)

BALANCE SHEET - continued
30TH JUNE 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 17th March 2025 and were signed on its behalf by:





J Hellier - Director


YATES HELLIER LIMITED (REGISTERED NUMBER: SC451795)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH JUNE 2024

1. STATUTORY INFORMATION

Yates Hellier Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


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
The turnover shown in the profit and loss account represents the sales value of work done during the year, exclusive of Value Added Tax.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Website development costs are being amortised evenly over their estimated useful life of five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Improvements to property - 33% straight line
Fixtures and fittings - 25% straight line
Motor vehicles - 25% on reducing balance
Computer equipment - 33% straight line

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.


YATES HELLIER LIMITED (REGISTERED NUMBER: SC451795)

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

2. ACCOUNTING POLICIES - continued
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.

Hire purchase and leasing commitments
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2023 - 8 ) .

4. INTANGIBLE FIXED ASSETS
Website
development
costs
£   
COST
At 1st July 2023
and 30th June 2024 4,082
AMORTISATION
At 1st July 2023 1,743
Amortisation for year 816
At 30th June 2024 2,559
NET BOOK VALUE
At 30th June 2024 1,523
At 30th June 2023 2,339

YATES HELLIER LIMITED (REGISTERED NUMBER: SC451795)

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

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and Motor Computer
property fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1st July 2023 4,998 8,874 58,870 25,429 98,171
Additions 55,608 744 - 6,084 62,436
Disposals (4,998 ) - - - (4,998 )
At 30th June 2024 55,608 9,618 58,870 31,513 155,609
DEPRECIATION
At 1st July 2023 2,224 4,815 14,727 15,098 36,864
Charge for year 6,034 1,539 965 6,023 14,561
Eliminated on disposal (3,890 ) - - - (3,890 )
At 30th June 2024 4,368 6,354 15,692 21,121 47,535
NET BOOK VALUE
At 30th June 2024 51,240 3,264 43,178 10,392 108,074
At 30th June 2023 2,774 4,059 44,143 10,331 61,307

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade debtors 107,174 82,642
Other debtors 9,417 8,625
116,591 91,267

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Bank loans and overdrafts (see note 9) 10,270 10,017
Hire purchase contracts 8,961 8,006
Trade creditors 17,372 8,597
Taxation and social security 63,449 57,930
Other creditors 118,039 127,723
218,091 212,273

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.6.24 30.6.23
£    £   
Bank loans (see note 9) 9,562 19,832
Hire purchase contracts 15,720 24,681
25,282 44,513

YATES HELLIER LIMITED (REGISTERED NUMBER: SC451795)

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

9. LOANS

An analysis of the maturity of loans is given below:

30.6.24 30.6.23
£    £   
Amounts falling due within one year or on demand:
Bank loans 10,270 10,017
Other loans - 177
10,270 10,194

Amounts falling due between one and two years:
Bank loans - 1-2 years 9,562 10,270

Amounts falling due between two and five years:
Bank loans - 2-5 years - 9,562

10. SECURED DEBTS

The following secured debts are included within creditors:

30.6.24 30.6.23
£    £   
Hire purchase contracts 24,681 32,687

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.6.24 30.6.23
value: £    £   
100 Ordinary £1 shares £1 100 100

12. OTHER FINANCIAL COMMITMENTS

The company has future operating lease commitments of £174,167 (2023: £17,250).

13. ULTIMATE CONTROLLING PARTY

The company was under the control of the directors throughout the current and previous year. There is no ultimate controlling party.