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REGISTERED NUMBER: 02729310 (England and Wales)












Financial Statements

for the Year Ended 31 August 2024

for

Yorkshire Spin Galvanising Limited

Yorkshire Spin Galvanising Limited (Registered number: 02729310)






Contents of the Financial Statements
for the year ended 31 August 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Yorkshire Spin Galvanising Limited

Company Information
for the year ended 31 August 2024







DIRECTORS: D J A Wagstaff
P R Wagstaff





SECRETARY: Oakwood Corporate Secretary Limited





REGISTERED OFFICE: 3rd Floor
1 Ashley Road
Altrincham
Cheshire
WA14 2DT





REGISTERED NUMBER: 02729310 (England and Wales)





AUDITORS: Beaumonts (Statutory Auditors)
8 Navigation Court
Calder Park
Wakefield
WF2 7BJ

Yorkshire Spin Galvanising Limited (Registered number: 02729310)

Balance Sheet
31 August 2024

31.8.24 31.8.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 732,897 760,317

CURRENT ASSETS
Stocks 412,777 463,424
Debtors 5 544,009 615,248
Cash at bank 268,943 236,033
1,225,729 1,314,705
CREDITORS
Amounts falling due within one year 6 395,108 471,037
NET CURRENT ASSETS 830,621 843,668
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,563,518

1,603,985

PROVISIONS FOR LIABILITIES 42,931 45,646
NET ASSETS 1,520,587 1,558,339

CAPITAL AND RESERVES
Called up share capital 36,924 36,924
Capital redemption reserve 242,076 242,076
Retained earnings 1,241,587 1,279,339
SHAREHOLDERS' FUNDS 1,520,587 1,558,339

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 April 2025 and were signed on its behalf by:





D J A Wagstaff - Director


Yorkshire Spin Galvanising Limited (Registered number: 02729310)

Notes to the Financial Statements
for the year ended 31 August 2024

1. STATUTORY INFORMATION

Yorkshire Spin Galvanising 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 represents amounts invoiced during the year in respect of spin galvanising excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost
Plant and machinery - 10% on reducing balance
Fixtures and fittings - 25% on cost and 10% on reducing balance
Motor vehicles - 25% 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 Statement of Income and Retained Earnings, 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.

Pensions
The company operates a defined contribution pension scheme. Contributions payable for the period are charged to the profit and loss account.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 24 (2023 - 21 ) .

Yorkshire Spin Galvanising Limited (Registered number: 02729310)

Notes to the Financial Statements - continued
for the year ended 31 August 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 September 2023
and 31 August 2024 967,945 1,140,518 56,909 13,495 2,178,867
DEPRECIATION
At 1 September 2023 298,890 1,051,760 54,405 13,495 1,418,550
Charge for year 18,403 8,794 223 - 27,420
At 31 August 2024 317,293 1,060,554 54,628 13,495 1,445,970
NET BOOK VALUE
At 31 August 2024 650,652 79,964 2,281 - 732,897
At 31 August 2023 669,055 88,758 2,504 - 760,317

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade debtors 477,292 550,628
Other debtors 66,717 64,620
544,009 615,248

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade creditors 184,481 232,538
Taxation and social security 162,779 179,643
Other creditors 47,848 58,856
395,108 471,037

7. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Mr Philip Samuel (Senior Statutory Auditor)
for and on behalf of Beaumonts (Statutory Auditors)

The following is an extract from Beaumonts (Statutory Auditors) Report of the Auditors:

Use of our report
This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.

8. OTHER FINANCIAL COMMITMENTS

The total financial commitments, guarantees and contingencies which are not included in the balance sheet amount to £126,206 (2023 - £6,567).

Yorkshire Spin Galvanising Limited (Registered number: 02729310)

Notes to the Financial Statements - continued
for the year ended 31 August 2024

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

31.8.24 31.8.23
£    £   
D J A Wagstaff
Balance outstanding at start of year 29 -
Amounts advanced 163 29
Amounts repaid (600 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (408 ) 29