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REGISTERED NUMBER: 04748488 (England and Wales)

























Financial Statements for the Year Ended 30 September 2024

for

Yorklea Limited

Yorklea Limited (Registered number: 04748488)






Contents of the Financial Statements
for the Year Ended 30 September 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Yorklea Limited

Company Information
for the Year Ended 30 September 2024







DIRECTOR: G W Claffey





REGISTERED OFFICE: 20 Torkington Road
Hazel Grove
Stockport
SK7 4RQ





REGISTERED NUMBER: 04748488 (England and Wales)





AUDITORS: Fairhurst Audit Services Ltd
Statutory Auditors
Chartered Accountants
Douglas Bank House
Wigan Lane
Lancashire
WN1 2TB

Yorklea Limited (Registered number: 04748488)

Balance Sheet
30 September 2024

30.9.24 30.9.23
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 311,463 237,568
311,463 237,568

CURRENT ASSETS
Stocks 6 1,500 1,450
Debtors 7 189,561 129,529
Cash at bank and in hand 33,375 138,089
224,436 269,068
CREDITORS
Amounts falling due within one year 8 158,535 147,825
NET CURRENT ASSETS 65,901 121,243
TOTAL ASSETS LESS CURRENT
LIABILITIES

377,364

358,811

CREDITORS
Amounts falling due after more than one year 9 (328,887 ) (133,644 )

PROVISIONS FOR LIABILITIES 13 (29,747 ) (13,655 )
NET ASSETS 18,730 211,512

CAPITAL AND RESERVES
Called up share capital 14 2 2
Retained earnings 15 18,728 211,510
SHAREHOLDERS' FUNDS 18,730 211,512

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 director and authorised for issue on 2 June 2025 and were signed by:





G W Claffey - Director


Yorklea Limited (Registered number: 04748488)

Notes to the Financial Statements
for the Year Ended 30 September 2024

1. STATUTORY INFORMATION

Yorklea 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.

The financial statements are prepared in sterling which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2003, has been amortised evenly over its estimated useful life of twenty years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 - 10% on reducing balance
Plant and machinery- 15% on reducing balance
Fixtures and fittings - 15% on reducing balance

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Yorklea Limited (Registered number: 04748488)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 35 (2023 - 31 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 October 2023
and 30 September 2024 550,000
AMORTISATION
At 1 October 2023
and 30 September 2024 550,000
NET BOOK VALUE
At 30 September 2024 -
At 30 September 2023 -

5. TANGIBLE FIXED ASSETS
Improvements
to Plant and
property machinery Totals
£    £    £   
COST
At 1 October 2023 439,355 149,477 588,832
Additions - 118,824 118,824
At 30 September 2024 439,355 268,301 707,656
DEPRECIATION
At 1 October 2023 258,688 92,576 351,264
Charge for year 18,067 26,862 44,929
At 30 September 2024 276,755 119,438 396,193
NET BOOK VALUE
At 30 September 2024 162,600 148,863 311,463
At 30 September 2023 180,667 56,901 237,568

6. STOCKS
30.9.24 30.9.23
£    £   
Stocks 1,500 1,450

Yorklea Limited (Registered number: 04748488)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade debtors 161,210 126,098
Tax 3,296 -
Prepayments 25,055 3,431
189,561 129,529

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Bank loans and overdrafts (see note 10) 28,238 23,864
Trade creditors 36,889 39,377
Credit Card 2,067 2,179
Amounts owed to group undertakings - 13,083
Amounts owed to associates - 3,414
Tax - 3,296
Social security and other taxes 12,236 12,241
Pension control 2,317 2,501
Directors' loan accounts 1,248 624
Accruals and deferred income 75,540 47,246
158,535 147,825

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.9.24 30.9.23
£    £   
Bank loans (see note 10) 161,495 133,644
Amounts owed to associates 167,392 -
328,887 133,644

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 48,542 38,189

10. LOANS

An analysis of the maturity of loans is given below:

30.9.24 30.9.23
£    £   
Amounts falling due within one year or on demand:
Bank loans 28,238 23,864

Amounts falling due between one and two years:
Bank loans - 1-2 years 28,238 23,864

Amounts falling due between two and five years:
Bank loans - 2-5 years 84,715 71,591

Amounts falling due in more than five years:

Yorklea Limited (Registered number: 04748488)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

10. LOANS - continued
30.9.24 30.9.23
£    £   
Amounts falling due in more than five years:
Repayable by instalments
Bank loans more 5 yr by instal 48,542 38,189

11. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
30.9.24 30.9.23
£    £   
Within one year 97,577 89,981
Between one and five years 381,528 180,316
In more than five years 858,000 -
1,337,105 270,297

12. SECURED DEBTS

The following secured debts are included within creditors:

30.9.24 30.9.23
£    £   
Bank loans 189,733 157,508

13. PROVISIONS FOR LIABILITIES
30.9.24 30.9.23
£    £   
Deferred tax
Accelerated capital allowances 36,748 -
Tax losses carried forward (7,001 ) -
Deferred tax - 13,655
29,747 13,655

Deferred
tax
£   
Balance at 1 October 2023 13,655
Provided during year 16,092
Balance at 30 September 2024 29,747

14. CALLED UP SHARE CAPITAL

Allotted and issued:
Number: Class: Nominal 30.9.24 30.9.23
value: £    £   
2 Ordinary shares 1 2 2

Yorklea Limited (Registered number: 04748488)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

15. RESERVES
Retained
earnings
£   

At 1 October 2023 211,510
Deficit for the year (192,782 )
At 30 September 2024 18,728

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

The Report of the Auditors was unqualified.

Louise Webster (Senior Statutory Auditor)
for and on behalf of Fairhurst Audit Services Ltd

17. RELATED PARTY DISCLOSURES

At the balance sheet date NIL (2023: £13,083) was owed to Dove's Nest Limited, a company controlled by the directors. This is included in other creditors.

At the balance sheet date £167,392 (2023: £3,414) was owed to Olea Care Ltd, a company controlled by the directors. This is included in other creditors.

18. ULTIMATE CONTROLLING PARTY

During the year the company was acquired by Olea Holdings Limited and is now a wholly owned subsidiary.

The company is controlled by the directors.