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REGISTERED NUMBER: 08852994 (England and Wales)















Yorkshire Tractors Limited

Unaudited Financial Statements For The Year Ended 31 December 2024






Yorkshire Tractors Limited (Registered number: 08852994)






Contents of the Financial Statements
For The Year Ended 31 December 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Chartered Accountants' Report 6

Yorkshire Tractors Limited

Company Information
For The Year Ended 31 December 2024







DIRECTORS: S Ibbotson
R S Ibbotson





REGISTERED OFFICE: 11 Manor Gardens
Sprotbrough
Doncaster
South Yorkshire
DN5 7QZ





REGISTERED NUMBER: 08852994 (England and Wales)





ACCOUNTANTS: Kingswood Allotts Limited
Chartered Accountants
Sidings Court
Lakeside
Doncaster
DN4 5NU

Yorkshire Tractors Limited (Registered number: 08852994)

Balance Sheet
31 December 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 38,214 51,193

CURRENT ASSETS
Stocks 5 157,500 219,010
Debtors 6 208,980 111,180
Cash at bank 98,390 230,655
464,870 560,845
CREDITORS
Amounts falling due within one year 7 96,523 232,681
NET CURRENT ASSETS 368,347 328,164
TOTAL ASSETS LESS CURRENT LIABILITIES 406,561 379,357

CREDITORS
Amounts falling due after more than one year 8 (7,308 ) (26,532 )

PROVISIONS FOR LIABILITIES - (2,798 )
NET ASSETS 399,253 350,027

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 399,153 349,927
SHAREHOLDERS' FUNDS 399,253 350,027

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

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 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.

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 8 October 2025 and were signed on its behalf by:





S Ibbotson - Director


Yorkshire Tractors Limited (Registered number: 08852994)

Notes to the Financial Statements
For The Year Ended 31 December 2024

1. STATUTORY INFORMATION

Yorkshire Tractors Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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.
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

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 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 2 ) .

Yorkshire Tractors Limited (Registered number: 08852994)

Notes to the Financial Statements - continued
For The Year Ended 31 December 2024

4. TANGIBLE FIXED ASSETS
Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 January 2024
and 31 December 2024 79,692 2,054 81,746
DEPRECIATION
At 1 January 2024 30,488 65 30,553
Charge for year 12,301 678 12,979
At 31 December 2024 42,789 743 43,532
NET BOOK VALUE
At 31 December 2024 36,903 1,311 38,214
At 31 December 2023 49,204 1,989 51,193

5. STOCKS
2024 2023
£    £   
Goods for re-sale 157,500 219,010

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 208,980 110,580
VAT - 600
208,980 111,180

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 9,985 9,985
Hire purchase contracts 9,253 9,253
Trade creditors - 202,824
Taxation 18,148 -
Social security and other taxes 56,890 5,792
Directors' current accounts 167 2,687
Accrued expenses 2,080 2,140
96,523 232,681

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans - 1-2 years 4,224 9,985
Bank loans - 2-5 years - 4,209
Hire purchase contracts 3,084 12,338
7,308 26,532

Yorkshire Tractors Limited (Registered number: 08852994)

Notes to the Financial Statements - continued
For The Year Ended 31 December 2024

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2024 and 31 December 2023:

2024 2023
£    £   
S Ibbotson
Balance outstanding at start of year 14,184 25,762
Amounts advanced 35,755 50,124
Amounts repaid (49,771 ) (61,702 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 168 14,184

Interest charged at 2.25% on loan. Loan balance repaid in full 31.01.2025

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Yorkshire Tractors 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 Yorkshire Tractors Limited for the year ended 31 December 2024 which comprise the Income Statement, Balance Sheet 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 Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Yorkshire Tractors Limited, as a body, in accordance with the terms of our engagement letter dated 29 April 2022. Our work has been undertaken solely to prepare for your approval the financial statements of Yorkshire Tractors Limited and state those matters that we have agreed to state to the Board of Directors of Yorkshire Tractors Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Yorkshire Tractors Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Yorkshire Tractors 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 Yorkshire Tractors Limited. You consider that Yorkshire Tractors 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 Yorkshire Tractors 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.






Kingswood Allotts Limited
Chartered Accountants
Sidings Court
Lakeside
Doncaster
DN4 5NU


Date: .............................................