YRK Windows Limited 12165621 false 2023-09-01 2024-08-31 2024-08-31 The principal activity of the company is Joinery and Glazing Digita Accounts Production Advanced 6.30.9574.0 true 12165621 2023-09-01 2024-08-31 12165621 2024-08-31 12165621 core:RetainedEarningsAccumulatedLosses 2024-08-31 12165621 core:ShareCapital 2024-08-31 12165621 core:HirePurchaseContracts core:CurrentFinancialInstruments 2024-08-31 12165621 core:CurrentFinancialInstruments 2024-08-31 12165621 core:CurrentFinancialInstruments core:WithinOneYear 2024-08-31 12165621 core:FurnitureFittingsToolsEquipment 2024-08-31 12165621 core:MotorVehicles 2024-08-31 12165621 bus:SmallEntities 2023-09-01 2024-08-31 12165621 bus:AuditExemptWithAccountantsReport 2023-09-01 2024-08-31 12165621 bus:FilletedAccounts 2023-09-01 2024-08-31 12165621 bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 12165621 bus:RegisteredOffice 2023-09-01 2024-08-31 12165621 bus:Director1 2023-09-01 2024-08-31 12165621 bus:Director2 2023-09-01 2024-08-31 12165621 bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 12165621 core:FurnitureFittingsToolsEquipment 2023-09-01 2024-08-31 12165621 core:MotorVehicles 2023-09-01 2024-08-31 12165621 core:OfficeEquipment 2023-09-01 2024-08-31 12165621 core:PlantMachinery 2023-09-01 2024-08-31 12165621 core:Vehicles 2023-09-01 2024-08-31 12165621 countries:EnglandWales 2023-09-01 2024-08-31 12165621 2023-08-31 12165621 core:FurnitureFittingsToolsEquipment 2023-08-31 12165621 core:MotorVehicles 2023-08-31 12165621 2022-09-01 2023-08-31 12165621 2023-08-31 12165621 core:RetainedEarningsAccumulatedLosses 2023-08-31 12165621 core:ShareCapital 2023-08-31 12165621 core:HirePurchaseContracts core:CurrentFinancialInstruments 2023-08-31 12165621 core:CurrentFinancialInstruments 2023-08-31 12165621 core:CurrentFinancialInstruments core:WithinOneYear 2023-08-31 12165621 core:FurnitureFittingsToolsEquipment 2023-08-31 12165621 core:MotorVehicles 2023-08-31 iso4217:GBP xbrli:pure

Registration number: 12165621

YRK Windows Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 August 2024

 

YRK Windows Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 7

 

YRK Windows Limited

Company Information

Directors

D Lee

L P Bickerstaffe

Registered office

223 Tang Hall Lane
York
YO10 3RB

 

YRK Windows Limited

(Registration number: 12165621)
Balance Sheet as at 31 August 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

20,106

20,280

Current assets

 

Stocks

5

8,222

5,600

Debtors

6

31,231

29,555

Cash at bank and in hand

 

39,153

51,686

 

78,606

86,841

Creditors: Amounts falling due within one year

7

(31,381)

(73,859)

Net current assets

 

47,225

12,982

Total assets less current liabilities

 

67,331

33,262

Provisions for liabilities

(4,342)

(3,853)

Net assets

 

62,989

29,409

Capital and reserves

 

Called up share capital

2

2

Retained earnings

62,987

29,407

Shareholders' funds

 

62,989

29,409

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

Directors' responsibilities:

The members have not required the Company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the Directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 27 March 2025 and signed on its behalf by:
 

.........................................
L P Bickerstaffe
Director

 

YRK Windows Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024

1

General information

The company is a private company limited by share capital incorporated in England and Wales and the company registration number is 12165621.

The address of its registered office is:
223 Tang Hall Lane
York
YO10 3RB
England

These financial statements were authorised for issue by the Board on 27 March 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements have been prepared in sterling and are rounded to the nearest pound.

Revenue recognition

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

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements. 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.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date that are expected to apply to the reversal of timing differences. Deferred tax on revalued non-depreciable tangible fixed assets and investment properties is measured using the rates and allowances that apply to the sale of the asset.

 

YRK Windows Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

At each reporting date fixed assets are reviewed to determine whether there is any indication that those assets have suffered an impairment loss. If there is an indication of possible impairment, the recoverable amount of any affected asset is estimated and compared with its carrying amount. If the estimated recoverable amount is lower, the carrying amount is reduced to its estimated recoverable amount, and an impairment loss is recognised immediately in the profit and loss account.

If an impairment loss subsequently reverses, the carrying amount of the asset is increased to the revised estimate of its recoverable amount, but not in excess of the amount that would have been determined had no impairment loss has been recognised for the asset in prior years. A reversal of an impairment loss is recognised immediately in the profit and loss account.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant & Machinery

20% reducing balance

Motor Vehicles

25% reducing balance

Office Equipment

20% reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for the provision of window fitting services in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the Company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the Company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

 

YRK Windows Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the Company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

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.

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the Company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the Company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the Company (including Directors) during the year, was 3 (2023 - 3).

 

YRK Windows Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024

4

Tangible assets

Furniture, fittings and equipment
 £

Motor vehicles
 £

Total
£

Cost or valuation

At 1 September 2023

12,303

21,440

33,743

Additions

5,137

-

5,137

At 31 August 2024

17,440

21,440

38,880

Depreciation

At 1 September 2023

3,543

9,920

13,463

Charge for the year

2,431

2,880

5,311

At 31 August 2024

5,974

12,800

18,774

Carrying amount

At 31 August 2024

11,466

8,640

20,106

At 31 August 2023

8,760

11,520

20,280

5

Stocks

2024
£

2023
£

Work in progress

5,472

2,320

Other inventories

2,750

3,280

8,222

5,600

6

Debtors

2024
£

2023
£

Trade debtors

305

5,616

Prepayments

2,081

2,809

Other debtors

28,845

21,130

31,231

29,555

 

YRK Windows Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024

7

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

8

4,731

63,062

Taxation and social security

 

14,656

9,791

Accruals and deferred income

 

11,306

1,006

Other creditors

 

688

-

 

31,381

73,859

8

Loans and borrowings

Current loans and borrowings

2024
£

2023
£

Finance lease and hire purchase liabilities

-

488

Other borrowings

4,731

62,574

4,731

63,062

Finance lease and hire purchase liabilities are secured against the assets to which they relate. Other borrowings include unsecured amounts due to Directors.

9

Related party transactions

Transactions with Directors

Other transactions with Directors

At the year end, the Company owed the Directors £4,731 (2023: £62,574). Loans made to the company by the directors are unsecured, interest free and repayable on demand.