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Company Registration No. 05394670 (England and Wales)
Yetland Limited Unaudited accounts for the year ended 31 January 2025
Yetland Limited Unaudited accounts Contents
Page
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Yetland Limited Company Information for the year ended 31 January 2025
Directors
Carolyn Anne Jones Peter John Jones
Company Number
05394670 (England and Wales)
Registered Office
C/O GOWER ACCOUNTANCY & TAX ADVISORY SERVICES LTD, BRYN ROBIN BURRY GREEN, SWANSEA SA3 1HR
Accountants
Gower Accountancy & Tax Advisory Services Ltd Unit 47a Crofty Industrial Estate Penclawdd Swansea Swansea SA3 3RS
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Yetland Limited Accountants' report
Accountants' report to the board of directors of Yetland Limited on the preparation of the unaudited statutory accounts for the year ended 31 January 2025
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Yetland Limited for the year ended 31 January 2025 as set out on pages 5 - 7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of Yetland Limited, as a body, in accordance with the terms of our engagement letter dated 1 February 2025. Our work has been undertaken solely to prepare for your approval the accounts of Yetland Limited and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Yetland Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Yetland Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Yetland Limited. You consider that Yetland Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Yetland Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Gower Accountancy & Tax Advisory Services Ltd Unit 47a Crofty Industrial Estate Penclawdd Swansea Swansea SA3 3RS 16 May 2025
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Yetland Limited Statement of financial position as at 31 January 2025
2025 
2024 
Notes
£ 
£ 
Fixed assets
Intangible assets
22,600 
25,111 
Tangible assets
42,407 
59,310 
65,007 
84,421 
Current assets
Inventories
78,964 
94,924 
Debtors
2,486 
6,846 
Cash at bank and in hand
18,111 
19,588 
99,561 
121,358 
Creditors: amounts falling due within one year
(101,243)
(110,882)
Net current (liabilities)/assets
(1,682)
10,476 
Total assets less current liabilities
63,325 
94,897 
Creditors: amounts falling due after more than one year
(12,230)
(14,875)
Net assets
51,095 
80,022 
Capital and reserves
Called up share capital
1,000 
1,000 
Profit and loss account
50,095 
79,022 
Shareholders' funds
51,095 
80,022 
For the year ending 31 January 2025 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 in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 16 May 2025 and were signed on its behalf by
Carolyn Anne Jones Director Company Registration No. 05394670
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Yetland Limited Notes to the Accounts for the year ended 31 January 2025
1
Statutory information
Yetland Limited is a private company, limited by shares, registered in England and Wales, registration number 05394670. The registered office is C/O GOWER ACCOUNTANCY & TAX ADVISORY , SERVICES LTD, BRYN ROBIN, BURRY GREEN, SWANSEA, SA3 1HR.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
10% WDV
Plant & machinery
5 years Straight Line
Motor vehicles
15% Straight Line
Fixtures & fittings
15% Straight Line
Computer equipment
15% Straight Line
4
Intangible fixed assets
Other 
£ 
Cost
At 1 February 2024
105,000 
At 31 January 2025
105,000 
Amortisation
At 1 February 2024
79,889 
Charge for the year
2,511 
At 31 January 2025
82,400 
Net book value
At 31 January 2025
22,600 
At 31 January 2024
25,111 
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Yetland Limited Notes to the Accounts for the year ended 31 January 2025
5
Tangible fixed assets
Land & buildings 
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At cost 
At 1 February 2024
5,003 
33,800 
35,360 
7,646 
1,049 
82,858 
Additions
- 
5,906 
- 
- 
- 
5,906 
Disposals
- 
(12,992)
- 
- 
- 
(12,992)
At 31 January 2025
5,003 
26,714 
35,360 
7,646 
1,049 
75,772 
Depreciation
At 1 February 2024
5,003 
10,109 
- 
7,649 
787 
23,548 
Charge for the year
- 
4,715 
5,304 
- 
157 
10,176 
On disposals
- 
(359)
- 
- 
- 
(359)
At 31 January 2025
5,003 
14,465 
5,304 
7,649 
944 
33,365 
Net book value
At 31 January 2025
- 
12,249 
30,056 
(3)
105 
42,407 
At 31 January 2024
- 
23,691 
35,360 
(3)
262 
59,310 
6
Debtors
2025 
2024 
£ 
£ 
Amounts falling due within one year
VAT
- 
5,148 
Trade debtors
524 
131 
Accrued income and prepayments
1,962 
1,567 
2,486 
6,846 
7
Creditors: amounts falling due within one year
2025 
2024 
£ 
£ 
Bank loans and overdrafts
2,639 
2,569 
VAT
3,371 
- 
Trade creditors
1,002 
4,970 
Taxes and social security
813 
871 
Other creditors
889 
239 
Loans from directors
92,114 
101,843 
Accruals
415 
390 
101,243 
110,882 
8
Creditors: amounts falling due after more than one year
2025 
2024 
£ 
£ 
Bank loans
12,230 
14,875 
9
Average number of employees
During the year the average number of employees was 3 (2024: 3).
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