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REGISTERED NUMBER: 00640187 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 October 2024

for

Yarranton Bros.Limited

Yarranton Bros.Limited (Registered number: 00640187)






Contents of the Financial Statements
for the Year Ended 31 October 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Yarranton Bros.Limited

Company Information
for the Year Ended 31 October 2024







DIRECTORS: M L Yarranton
D A Yarranton





SECRETARY: M L Yarranton





REGISTERED OFFICE: Eardiston Garage
Eardiston
Tenbury Wells
Worcestershire
WR15 8JL





REGISTERED NUMBER: 00640187 (England and Wales)





ACCOUNTANTS: Charles Hinitt & Associates Limited
Chartered Certified Accountants
48 Belle Vue Terrace
Malvern
Worcestershire
WR14 4QG

Yarranton Bros.Limited (Registered number: 00640187)

Abridged Balance Sheet
31 October 2024

31.10.24 31.10.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 444,465 417,339

CURRENT ASSETS
Stocks 4,750 4,750
Debtors 69,740 78,961
Cash at bank 253,007 209,638
327,497 293,349
CREDITORS
Amounts falling due within one year 161,920 167,400
NET CURRENT ASSETS 165,577 125,949
TOTAL ASSETS LESS CURRENT
LIABILITIES

610,042

543,288

CREDITORS
Amounts falling due after more than one
year

(37,933

)

(10,935

)

PROVISIONS FOR LIABILITIES (98,000 ) (91,250 )
NET ASSETS 474,109 441,103

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 474,009 441,003
474,109 441,103

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps 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 Sections 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.

Yarranton Bros.Limited (Registered number: 00640187)

Abridged Balance Sheet - continued
31 October 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 October 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 9 June 2025 and were signed on its behalf by:





M L Yarranton - Director


Yarranton Bros.Limited (Registered number: 00640187)

Notes to the Financial Statements
for the Year Ended 31 October 2024

1. STATUTORY INFORMATION

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Land and buildings - 2% on cost
Plant and machinery etc - 20% on reducing balance and 25% reducing on Cars 10% cost on Coaches

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 Income Statement, 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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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

Yarranton Bros.Limited (Registered number: 00640187)

Notes to the Financial Statements - continued
for the Year Ended 31 October 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 21 (2023 - 17 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 November 2023 929,967
Additions 141,637
Disposals (31,073 )
At 31 October 2024 1,040,531
DEPRECIATION
At 1 November 2023 512,628
Charge for year 97,421
Eliminated on disposal (13,983 )
At 31 October 2024 596,066
NET BOOK VALUE
At 31 October 2024 444,465
At 31 October 2023 417,339

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Totals
£   
COST
At 1 November 2023 390,573
Additions 112,846
Disposals (31,073 )
At 31 October 2024 472,346
DEPRECIATION
At 1 November 2023 140,258
Charge for year 49,329
Eliminated on disposal (13,983 )
At 31 October 2024 175,604
NET BOOK VALUE
At 31 October 2024 296,742
At 31 October 2023 250,315

Yarranton Bros.Limited (Registered number: 00640187)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024

5. ULTIMATE CONTROLLING PARTY

The Company is controlled by the Directors.