2024-01-01 05780353 2024-12-31 05780353 2024-01-01 2024-12-31 05780353 2023-12-31 05780353 2023-01-01 2023-12-31 05780353 uk-core:WithinOneYear 2023-12-31 05780353 uk-core:WithinOneYear 2024-12-31 05780353 uk-core:AfterOneYear 2023-12-31 05780353 uk-core:AfterOneYear 2024-12-31 05780353 uk-core:ShareCapital 2024-12-31 05780353 uk-core:ShareCapital 2023-12-31 05780353 uk-core:RetainedEarningsAccumulatedLosses 2024-12-31 05780353 uk-core:RetainedEarningsAccumulatedLosses 2023-12-31 05780353 uk-bus:Director1 2024-01-01 2024-12-31 05780353 uk-core:Goodwill 2023-12-31 05780353 uk-core:Goodwill 2024-12-31 05780353 uk-core:FurnitureFittingsToolsEquipment 2023-12-31 05780353 uk-core:LeaseholdImprovements 2023-12-31 05780353 uk-core:FurnitureFittingsToolsEquipment 2024-01-01 2024-12-31 05780353 uk-core:LeaseholdImprovements 2024-01-01 2024-12-31 05780353 uk-core:LeaseholdImprovements 2024-12-31 05780353 uk-core:FurnitureFittingsToolsEquipment 2024-12-31 05780353 uk-core:WithinOneYear 2024-12-31 05780353 uk-core:WithinOneYear 2023-12-31 05780353 uk-core:AfterOneYear uk-core:Secured 2024-12-31 05780353 uk-core:AfterOneYear uk-core:Secured 2023-12-31 iso4217:GBP xbrli:pure 05780353 uk-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 05780353 uk-bus:FRS102 2024-01-01 2024-12-31 05780353 uk-bus:FilletedAccounts 2024-01-01 2024-12-31 05780353 uk-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31
Yate Car Sales Limited
Registered Number:05780353
For the year ended 31 December 2024
England and Wales
Unaudited Financial Statements
2
For the year ended 31 December 2024
Yate Car Sales Limited
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
3
Registered Number :
05780353
As at 31 December 2024
Yate Car Sales Limited
Statement of Financial Position
£
£
2023
2024
Notes
Fixed assets
Property, plant and equipment
-
8,067
3
-
8,067
Current assets
Inventories
291,712
19,000
4
Trade and other receivables
73,211
133,149
5
17,730
Cash and cash equivalents
312
152,461
382,653
Trade and other payables: amounts falling due within one
year
(65,047)
(61,183)
6
317,606
91,278
Net current assets
Total assets less current liabilities
91,278
325,673
Trade and other payables: amounts falling due after more
than one year
(133,833)
(89,164)
7
2,114
Net assets
191,840
Capital and reserves
Called up share capital
1
1
Retained earnings
2,113
191,839
2,114
191,840
Shareholders' funds
For the year ended 31 December 2024 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
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 director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
N B Jacomb Director
These financial statements were approved and authorised for issue by the Board on 19 May 2025 and were signed by:
The notes form part of these financial statements
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4
For the year ended 31 December 2024
Yate Car Sales Limited
Notes to the Financial Statements
Statutory Information
Yate Car Sales Limited is a private limited company, limited by shares, domiciled in England and Wales, registration
number 05780353.
Registered address:
24/27 North Road
Yate
Bristol
BS37 7PA
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:Plant&Machinery 25% reducing balance.
Inventories
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
2. Intangible fixed assets
Goodwill
Cost or valuation
£
At 01 January 2024
50,000
At 31 December 2024
50,000
Amortisation
At 01 January 2024
50,000
At 31 December 2024
50,000
Net book value
At 31 December 2024
-
At 31 December 2023
-
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5
For the year ended 31 December 2024
Yate Car Sales Limited
Notes to the Financial Statements Continued
3. Property, plant and equipment
Total
Plant and
machinery
Land and
buildings
£
£
£
Cost or
valuation
At 01 January 2024
38,889
36,569
2,320
(36,569)
(2,320)
Disposals
(38,889)
At 31 December 2024
-
-
-
Provision for depreciation and impairment
At 01 January 2024
30,822
30,822
-
(30,822)
(30,822)
-
On disposal
At 31 December 2024
-
-
-
At 31 December 2024
Net book value
-
-
-
At 31 December 2023
2,320
5,747
8,067
4. Inventories
2023
2024
£
£
Stocks
19,000
291,712
5. Trade and other receivables
2023
2024
£
£
Other debtors
133,149
73,211
6. Trade and other payables: amounts falling due within one year
2023
2024
£
£
Bank loans and overdraft
10,000
10,000
Trade creditors
-
5,593
Taxation and social security
-
3,454
Other creditors
51,183
46,000
61,183
65,047
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6
For the year ended 31 December 2024
Yate Car Sales Limited
Notes to the Financial Statements Continued
7. Trade and other payables: amounts falling due after more than one year
2023
2024
£
£
Bank loans and overdraft
4,779
15,000
Other creditors
84,385
118,833
89,164
133,833
8. Average number of persons employed
During the year the average number of employees was 3 (2023 : 3)
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