Company Registration No. 05394670 (England and Wales)
Yetland Limited
Unaudited accounts
for the year ended 31 January 2025
Yetland Limited
Unaudited accounts
Contents
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
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
Yetland Limited
Statement of financial position
as at 31 January 2025
Intangible assets
22,600
25,111
Tangible assets
42,407
59,310
Cash at bank and in hand
18,111
19,588
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)
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
Yetland Limited
Notes to the Accounts
for the year ended 31 January 2025
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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:
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
At 1 February 2024
105,000
At 31 January 2025
105,000
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
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
At 31 January 2025
-
12,249
30,056
(3)
105
42,407
At 31 January 2024
-
23,691
35,360
(3)
262
59,310
Amounts falling due within one year
Accrued income and prepayments
1,962
1,567
7
Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
2,639
2,569
Trade creditors
1,002
4,970
Taxes and social security
813
871
Loans from directors
92,114
101,843
8
Creditors: amounts falling due after more than one year
2025
2024
9
Average number of employees
During the year the average number of employees was 3 (2024: 3).