2023-09-012024-08-312024-08-31false10934263Yeotec 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Yeotec Limited

Registered Number
10934263
(England and Wales)

Unaudited Financial Statements for the Year ended
31 August 2024

Yeotec Limited
Company Information
for the year from 1 September 2023 to 31 August 2024

Director

Darren Anthony Morse

Company Secretary

Darren Anthony Morse

Registered Address

1 Park Gardens
Yeovil
BA20 1DW

Place of Business

90 Eastland Road

Yeovil

BA21 4EY


Registered Number

10934263 (England and Wales)
Yeotec Limited
Balance Sheet as at
31 August 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets313,88618,515
13,88618,515
Current assets
Stocks5,0002,000
Debtors473,67830,293
Cash at bank and on hand40,81136,763
119,48969,056
Creditors amounts falling due within one year5(37,943)(21,022)
Net current assets (liabilities)81,54648,034
Total assets less current liabilities95,43266,549
Creditors amounts falling due after one year(750)(1,793)
Provisions for liabilities(3,191)(3,518)
Net assets91,49161,238
Capital and reserves
Called up share capital110110
Profit and loss account91,38161,128
Shareholders' funds91,49161,238
The financial statements were approved and authorised for issue by the Director on 9 May 2025, and are signed on its behalf by:
Darren Anthony Morse
Director
Registered Company No. 10934263
Yeotec Limited
Notes to the Financial Statements
for the year ended 31 August 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Revenue from sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Employee benefits
Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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 reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Reducing balance (%)
Plant and machinery25
Vehicles25
Office Equipment25
Stocks and work in progress
Inventories are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).
2.Average number of employees
The following average number of employees includes the director.

20242023
Average number of employees during the year21
3.Tangible fixed assets

Total

£
Cost or valuation
At 01 September 2339,544
At 31 August 2439,544
Depreciation and impairment
At 01 September 2321,029
Charge for year4,629
At 31 August 2425,658
Net book value
At 31 August 2413,886
At 31 August 2318,515
4.Debtors: amounts due within one year

2024

2023

££
Trade debtors / trade receivables55,96825,306
Other debtors15,8954,125
Prepayments and accrued income1,815862
Total73,67830,293
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
5.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables2,590942
Bank borrowings and overdrafts1,0001,000
Amounts owed to related parties70489
Taxation and social security32,10816,712
Other creditors146-
Accrued liabilities and deferred income2,0291,879
Total37,94321,022
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.