Silverfin false false 31/07/2024 01/08/2023 31/07/2024 Mrs J Cooper 24/01/2023 Mr S J Graham 19/01/2008 Mrs A Simpson 24/01/2023 29 April 2025 The principal activity of the Company during the financial year is that of supply and fit of fascias, external cladding and insulation. 05172898 2024-07-31 05172898 bus:Director1 2024-07-31 05172898 bus:Director2 2024-07-31 05172898 bus:Director3 2024-07-31 05172898 2023-07-31 05172898 core:CurrentFinancialInstruments 2024-07-31 05172898 core:CurrentFinancialInstruments 2023-07-31 05172898 core:ShareCapital 2024-07-31 05172898 core:ShareCapital 2023-07-31 05172898 core:RetainedEarningsAccumulatedLosses 2024-07-31 05172898 core:RetainedEarningsAccumulatedLosses 2023-07-31 05172898 core:PlantMachinery 2023-07-31 05172898 core:Vehicles 2023-07-31 05172898 core:ComputerEquipment 2023-07-31 05172898 core:PlantMachinery 2024-07-31 05172898 core:Vehicles 2024-07-31 05172898 core:ComputerEquipment 2024-07-31 05172898 core:CostValuation 2023-07-31 05172898 core:CostValuation 2024-07-31 05172898 bus:OrdinaryShareClass1 2024-07-31 05172898 2023-08-01 2024-07-31 05172898 bus:FilletedAccounts 2023-08-01 2024-07-31 05172898 bus:SmallEntities 2023-08-01 2024-07-31 05172898 bus:AuditExemptWithAccountantsReport 2023-08-01 2024-07-31 05172898 bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 05172898 bus:Director1 2023-08-01 2024-07-31 05172898 bus:Director2 2023-08-01 2024-07-31 05172898 bus:Director3 2023-08-01 2024-07-31 05172898 core:PlantMachinery 2023-08-01 2024-07-31 05172898 core:Vehicles 2023-08-01 2024-07-31 05172898 core:ComputerEquipment 2023-08-01 2024-07-31 05172898 2022-08-01 2023-07-31 05172898 core:CurrentFinancialInstruments 2023-08-01 2024-07-31 05172898 bus:OrdinaryShareClass1 2023-08-01 2024-07-31 05172898 bus:OrdinaryShareClass1 2022-08-01 2023-07-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 05172898 (England and Wales)

YEW TREE (GROUP) LIMITED

Unaudited Financial Statements
For the financial year ended 31 July 2024
Pages for filing with the registrar

YEW TREE (GROUP) LIMITED

Unaudited Financial Statements

For the financial year ended 31 July 2024

Contents

YEW TREE (GROUP) LIMITED

BALANCE SHEET

As at 31 July 2024
YEW TREE (GROUP) LIMITED

BALANCE SHEET (continued)

As at 31 July 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 3 18,881 25,145
Investments 4 2 2
18,883 25,147
Current assets
Stocks 10,000 12,000
Debtors 5 418,832 392,022
Cash at bank and in hand 118,367 174,039
547,199 578,061
Creditors: amounts falling due within one year 6 ( 108,208) ( 88,037)
Net current assets 438,991 490,024
Total assets less current liabilities 457,874 515,171
Provision for liabilities ( 4,720) ( 4,778)
Net assets 453,154 510,393
Capital and reserves
Called-up share capital 7 100 100
Profit and loss account 453,054 510,293
Total shareholder's funds 453,154 510,393

For the financial year ending 31 July 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Yew Tree (Group) Limited (registered number: 05172898) were approved and authorised for issue by the Board of Directors on 29 April 2025. They were signed on its behalf by:

Mr S J Graham
Director
YEW TREE (GROUP) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 July 2024
YEW TREE (GROUP) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 July 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

Yew Tree (Group) Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Ground Floor, Blackbrook Gate 1, Blackbrook Park Avenue, Taunton, TA1 2PX, United Kingdom. The principal place of business is Unit 1L, West Park 26, Wellington, Somerset, TA21 9AD.

The financial statements have been prepared under the historical cost convention, 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 £.

Group accounts exemption

Group accounts exemption s399
The Company has taken advantage of the exemption in section 399 of the Companies Act 2006 not to prepare consolidated accounts, because the group it heads qualifies as small. The financial statements present information about the Company as an individual entity only.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Revenue is recognised when services have been provided.

Employee benefits

Defined contribution schemes
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

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, excluding freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a reducing balance basis over its expected useful life, as follows:

Plant and machinery 25 % reducing balance
Vehicles 25 % reducing balance
Computer equipment 33.33 % 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
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Statement of Income and Retained Earnings over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

Fixed asset investments

Fixed asset investments are stated at historical cost less provision for any diminution in value.

Stocks

Stock is valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

Investments
Investments in non-convertible preference shares and non-puttable ordinary or preference shares (where shares are publicly traded or their fair value is reliably measurable) are measured at fair value through the Statement of Income and Retained Earnings. Where fair value cannot be measured reliably, investments are measured at cost less impairment.

Loans and borrowings
Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 3 5

3. Tangible assets

Plant and machinery Vehicles Computer equipment Total
£ £ £ £
Cost
At 01 August 2023 3,853 104,200 3,200 111,253
At 31 July 2024 3,853 104,200 3,200 111,253
Accumulated depreciation
At 01 August 2023 2,998 80,166 2,944 86,108
Charge for the financial year 171 6,009 84 6,264
At 31 July 2024 3,169 86,175 3,028 92,372
Net book value
At 31 July 2024 684 18,025 172 18,881
At 31 July 2023 855 24,034 256 25,145

4. Fixed asset investments

Investments in subsidiaries

2024
£
Cost
At 01 August 2023 2
At 31 July 2024 2
Carrying value at 31 July 2024 2
Carrying value at 31 July 2023 2

5. Debtors

2024 2023
£ £
Trade debtors 49,724 60,702
Amounts owed by Group undertakings 305,723 304,035
Amounts recoverable on contracts 37,000 8,000
Prepayments 12,904 14,146
VAT recoverable 13,481 5,139
418,832 392,022

6. Creditors: amounts falling due within one year

2024 2023
£ £
Trade creditors 30,608 41,201
Amounts owed to directors 156 156
Accruals 9,599 9,595
Corporation tax 37,490 4,133
Other taxation and social security 1,933 3,441
Other creditors 28,422 29,511
108,208 88,037

There are no amounts included above in respect of which any security has been given by the small entity.

7. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
100 Ordinary shares of £ 1.00 each 100 100

8. Financial commitments

Commitments

2024 2023
£ £
Total future minimum lease payments under non-cancellable operating lease 28,700 36,900