Registered number
10859931
Yurts For Life Manufacturing Ltd
Filleted Accounts
31 January 2025
Yurts For Life Manufacturing Ltd
Registered number: 10859931
Balance Sheet
as at 31 January 2025
Notes 2025 2024
£ £
Fixed assets
Intangible assets 3 40,000 50,000
Tangible assets 4 74,055 97,469
114,055 147,469
Current assets
Stocks 241,236 240,459
Debtors 5 20,018 16,494
Cash at bank and in hand 4,730 42,018
265,984 298,971
Creditors: amounts falling due within one year 6 (194,627) (199,576)
Net current assets 71,357 99,395
Total assets less current liabilities 185,412 246,864
Creditors: amounts falling due after more than one year 7 (3,494) (13,922)
Provisions for liabilities (15,616) (21,400)
Net assets 166,302 211,542
Capital and reserves
Called up share capital 100 100
Revaluation reserve 8 - 276
Profit and loss account 166,202 211,166
Shareholders' funds 166,302 211,542
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Miss S Macey
Director
Approved by the board on 27 May 2025
Yurts For Life Manufacturing Ltd
Notes to the Accounts
for the year ended 31 January 2025
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Hire stock over 5 years
Motor vehicles over 5 years
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Property improvements over 20 years
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2025 2024
Number Number
Average number of persons employed by the company 16 21
3 Intangible fixed assets £
Goodwill and intellectual property:
Cost
At 1 February 2024 100,000
At 31 January 2025 100,000
Amortisation
At 1 February 2024 50,000
Provided during the year 10,000
At 31 January 2025 60,000
Net book value
At 31 January 2025 40,000
At 31 January 2024 50,000
Goodwill is being written off in equal annual instalments over its estimated economic life of 10 years. The intellectual property is written off in equal instalments over its estimated life of 20 years.
4 Tangible fixed assets
Leasehold improvements Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 February 2024 12,423 202,066 35,305 249,794
Additions - 497 - 497
At 31 January 2025 12,423 202,563 35,305 250,291
Depreciation
At 1 February 2024 554 116,468 35,303 152,325
Charge for the year 277 23,632 2 23,911
At 31 January 2025 831 140,100 35,305 176,236
Net book value
At 31 January 2025 11,592 62,463 - 74,055
At 31 January 2024 11,869 85,598 2 97,469
5 Debtors 2025 2024
£ £
Trade debtors 5,828 6,930
Other debtors 14,190 9,564
20,018 16,494
6 Creditors: amounts falling due within one year 2025 2024
£ £
Bank loans and overdrafts 10,862 11,818
Trade creditors 7,212 17,570
Taxation and social security costs 12,601 40,708
Other creditors 163,952 129,480
194,627 199,576
7 Creditors: amounts falling due after one year 2025 2024
£ £
Bank loans 3,494 13,922
8 Revaluation reserve 2025 2024
£ £
At 1 February 2024 276 8,603
Loss on revaluation of plant and machinery (276) (8,327)
At 31 January 2025 - 276
9 Other financial commitments 2025 2024
£ £
Total future minimum payments under non-cancellable operating leases 237,440 288,320
The seven year lease includes optional break clauses in June of year three and six with a six month notice period.
10 Other information
Yurts For Life Manufacturing Ltd is a private company limited by shares and incorporated in England. Its registered office is:
Town Mill Building
Mardle Way
Buckfastleigh
Devon
TQ11 0AG
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