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REGISTERED NUMBER: 08558019 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024

FOR

S W YORKE & SONS LIMITED

S W YORKE & SONS LIMITED (REGISTERED NUMBER: 08558019)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


S W YORKE & SONS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTORS: Mrs J McCulloch
Mr A S McCulloch
Mrs G M Yorke





REGISTERED OFFICE: 1 Langley Court
Pyle Street
Newport
Isle of Wight
PO30 1LA





REGISTERED NUMBER: 08558019 (England and Wales)





ACCOUNTANTS: Mackenzies, a Xeinadin company
1 Langley Court
Pyle Street
Newport
Isle of Wight
PO30 1LA

S W YORKE & SONS LIMITED (REGISTERED NUMBER: 08558019)

BALANCE SHEET
30 JUNE 2024

2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 578,869 592,228

CURRENT ASSETS
Stocks 5 36,800 51,055
Debtors 6 2,422,728 2,255,749
Cash at bank and in hand 1,451,531 644,760
3,911,059 2,951,564
CREDITORS
Amounts falling due within one year 7 1,191,748 802,122
NET CURRENT ASSETS 2,719,311 2,149,442
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,298,180

2,741,670

CREDITORS
Amounts falling due after more than one
year

8

(183,904

)

(279,973

)

PROVISIONS FOR LIABILITIES 11 (144,717 ) (148,057 )
NET ASSETS 2,969,559 2,313,640

CAPITAL AND RESERVES
Called up share capital 12 200 200
Retained earnings 2,969,359 2,313,440
SHAREHOLDERS' FUNDS 2,969,559 2,313,640

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

S W YORKE & SONS LIMITED (REGISTERED NUMBER: 08558019)

BALANCE SHEET - continued
30 JUNE 2024


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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 12 June 2025 and were signed on its behalf by:




Mr A S McCulloch - Director Mrs G M Yorke - Director




Mrs J McCulloch - Director


S W YORKE & SONS LIMITED (REGISTERED NUMBER: 08558019)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024


1. STATUTORY INFORMATION

S W Yorke & Sons 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.
Motor vehicles - 10% 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 Profit and Loss Account, 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.

S W YORKE & SONS LIMITED (REGISTERED NUMBER: 08558019)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


2. ACCOUNTING POLICIES - continued

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.

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 39 (2023 - 37 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£ £ £ £
COST
At 1 July 2023 39,760 612,654 - 652,414
Additions - 44,013 1,850 45,863
At 30 June 2024 39,760 656,667 1,850 698,277
DEPRECIATION
At 1 July 2023 2,491 57,695 - 60,186
Charge for year 3,727 55,495 - 59,222
At 30 June 2024 6,218 113,190 - 119,408
NET BOOK VALUE
At 30 June 2024 33,542 543,477 1,850 578,869
At 30 June 2023 37,269 554,959 - 592,228

S W YORKE & SONS LIMITED (REGISTERED NUMBER: 08558019)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£
COST
At 1 July 2023
and 30 June 2024 612,654
DEPRECIATION
At 1 July 2023 57,695
Charge for year 48,759
At 30 June 2024 106,454
NET BOOK VALUE
At 30 June 2024 506,200
At 30 June 2023 554,959

5. STOCKS
2024 2023
£ £
Stocks 36,800 51,055

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade debtors 1,954,330 1,817,365
Amounts owed by group undertakings - 5,791
Amounts owed by associates 354,777 327,686
Other debtors 1,060 -
VAT 110,941 101,520
Prepayments and accrued income 1,620 3,387
2,422,728 2,255,749

Amounts owed by associates represents continued trading activity with S W Yorke & Sons; a partnership in which all the directors are partners.

S W YORKE & SONS LIMITED (REGISTERED NUMBER: 08558019)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Bank loans and overdrafts (see note 9) 10,271 10,216
Hire purchase contracts (see note 10) 86,693 110,929
Trade creditors 313,535 279,758
Amounts owed to associates - 5,487
Tax 692,927 346,456
Social security and other taxes 49,259 40,432
Other creditors 32,100 5,840
Directors' current accounts 4,303 664
Accrued expenses 2,660 2,340
1,191,748 802,122

Other creditors consists of an amount owed to the company's pension provider of £4,362 (2023: £3,037), an amount owed to the company credit card of £5,669 (2023: £2,803) and an amount owed in net wages of £22,068 (2023: £Nil).

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£ £
Bank loans (see note 9) 9,511 19,581
Hire purchase contracts (see note 10) 174,393 260,392
183,904 279,973

9. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£ £
Amounts falling due within one year or on demand:
Bank loans 10,271 10,216

Amounts falling due between one and two years:
Bank loans - 1-2 years 9,511 10,216

Amounts falling due between two and five years:
Bank loans - 2-5 years - 9,365

S W YORKE & SONS LIMITED (REGISTERED NUMBER: 08558019)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


10. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2024 2023
£ £
Net obligations repayable:
Within one year 86,693 110,929
Between one and five years 174,393 260,392
261,086 371,321

Non-cancellable
operating leases
2024 2023
£ £
Within one year - 10,604
Between one and five years - 9,720
- 20,324

11. PROVISIONS FOR LIABILITIES
2024 2023
£ £
Deferred tax 144,717 148,057

Deferred tax
£
Balance at 1 July 2023 148,057
Provided during year (3,340 )
Balance at 30 June 2024 144,717

12. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £ £
100 Ordinary £1 100 100
34 Ordinary A £1 34 34
66 Ordinary B £1 66 66
200 200

S W YORKE & SONS LIMITED (REGISTERED NUMBER: 08558019)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


13. RELATED PARTY DISCLOSURES

S W Yorke & Sons is a partnership in which the directors of the company are also partners.

During the year, the company paid management charges to S W Yorke & Sons (partnership) amounting to £150,000 (2023: £150,000). Additionally, during the year the partnership incurred costs on behalf of the company amounting to £66,704 (2023: £95,867). The amount owed to the company by the partnership at the year end was £354,777 (2023: £327,686).

14. ULTIMATE CONTROLLING PARTY

There is no ultimate controlling party, the directors between them hold the shares in equal proportions.