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REGISTERED NUMBER: 02959049 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 September 2024

for

Yellowtop Limited

Yellowtop Limited (Registered number: 02959049)






Contents of the Financial Statements
for the year ended 30 September 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Yellowtop Limited

Company Information
for the year ended 30 September 2024







DIRECTOR: Ms D Simpson





REGISTERED OFFICE: Yellowtop Country Park
Foggathorpe
Selby
East Yorkshire
YO8 6PZ





REGISTERED NUMBER: 02959049 (England and Wales)





ACCOUNTANTS: Fisher & Company Limited
Kingfisher House
65 Market Place
Market Weighton
York
East Riding of Yorks
YO43 3AN

Yellowtop Limited (Registered number: 02959049)

Balance Sheet
30 September 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 1,291,174 759,240

CURRENT ASSETS
Debtors 5 15,005 17,896
Cash at bank and in hand 258,316 363,561
273,321 381,457
CREDITORS
Amounts falling due within one year 6 131,578 52,216
NET CURRENT ASSETS 141,743 329,241
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,432,917

1,088,481

CREDITORS
Amounts falling due after more than one
year

7

(411,807

)

-

PROVISIONS FOR LIABILITIES (7,893 ) (24,101 )
NET ASSETS 1,013,217 1,064,380

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 1,013,215 1,064,378
1,013,217 1,064,380

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

Yellowtop Limited (Registered number: 02959049)

Balance Sheet - continued
30 September 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 25 June 2025 and were signed by:





Ms D Simpson - Director


Yellowtop Limited (Registered number: 02959049)

Notes to the Financial Statements
for the year ended 30 September 2024

1. STATUTORY INFORMATION

Yellowtop 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Significant judgements and estimates
In the application of the company's accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on the director's historical experience and knowledge as well as other factors which may be considered relevant, as a result the actual results may differ from these estimates.

The estimates and underlying assumptions applied are reviewed by the director on an ongoing basis.

Revisions to these accounting estimates are recognised in the period to which the the revisions have been revised, where these revisions affect only that period, or in the period of revision and future periods where this revision would affect both current and future periods.

No key sources of estimation uncertainty are noted by management that have a significant effect on the amounts recognised in the financial statements.

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 the cost less estimated residual value of 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 - not provided
Plant and machinery etc - 25% on reducing balance, 15% on reducing balance and straight line over 20 years.

Yellowtop Limited (Registered number: 02959049)

Notes to the Financial Statements - continued
for the year ended 30 September 2024

2. ACCOUNTING POLICIES - continued

Financial instruments
The company has elected to apply the provisions of section 11 and section 12 of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's statement of financial position when the company becomes party to the contractual provisions relating to the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, where there is a legally enforceable right to set off the recognised amounts and there in an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets:

Basic financial assets, which include trade receivable, cash and bank balances are initially recorded at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at present value of the future receipts discounted at a market value rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities:

Basic financial liabilities, including creditors, loans from related parties that are classified as debt, are initially recognised at transaction price (unless the arrangement constitute a financing transaction, where the debt instrument is measured at the present value of the future payments discounts at a market rate of interest). Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors represent obligations to pay for goods and services provided to the company in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year, if not they are presented as amounts due for payment in excess of one year. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest rate method.

Cash and cash equivalents:

Cash and cash equivalents are basic financial instruments and include cash in hand and deposits held with the bank.

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.


Yellowtop Limited (Registered number: 02959049)

Notes to the Financial Statements - continued
for the year ended 30 September 2024

2. ACCOUNTING POLICIES - continued
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.

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.

Related parties
For the purposes of these financial statements, a party is considered to be related to the company if:

(i) the party has the ability, directly or indirectly, through one or more intermediaries, to control the company or exercise significant influence over the company in the making of financial and operating policy decisions, or has overall or joint control over the company;

(ii) the company and the party are subject to common control;

(iii) the party is an associate of the company a joint venture in which the company is a party to;

(iv) the party is a member of key management personnel of the company or the company's parent, or a close family member of such an individual, or is an entity under the control, joint control or significant influence of such individuals;

(v) the party is a close family member of a party referred to within (i) or is an entity under the control, joint control or has significant influence of such individuals;

(vi) the party is a post-employment benefit plan which is for the benefit of employees of the company or of any entity that is a related party of the company;

(vii) the party, or any member of a group of which it is part of, provides key management personnel services to the company or the group.

Close family members of an individual are those family members who may be expected to influence or be influenced by, the relevant individuals in their dealings with the entity.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2023 - 8 ) .

Yellowtop Limited (Registered number: 02959049)

Notes to the Financial Statements - continued
for the year ended 30 September 2024

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 October 2023 596,443 1,091,115 1,687,558
Additions - 588,285 588,285
At 30 September 2024 596,443 1,679,400 2,275,843
DEPRECIATION
At 1 October 2023 20,062 908,256 928,318
Charge for year 1,822 54,529 56,351
At 30 September 2024 21,884 962,785 984,669
NET BOOK VALUE
At 30 September 2024 574,559 716,615 1,291,174
At 30 September 2023 576,381 182,859 759,240

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

Plant and
machinery
etc
£   
COST
Additions 585,000
At 30 September 2024 585,000
DEPRECIATION
Charge for year 24,375
At 30 September 2024 24,375
NET BOOK VALUE
At 30 September 2024 560,625

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 111 142
Other debtors 14,894 17,754
15,005 17,896

Yellowtop Limited (Registered number: 02959049)

Notes to the Financial Statements - continued
for the year ended 30 September 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 75,357 -
Trade creditors 18,593 14,805
Taxation and social security 28,517 27,598
Other creditors 9,111 9,813
131,578 52,216

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Hire purchase contracts 411,807 -

Amounts falling due in more than five years:

Repayable by instalments
Hire purchase 110,379 -

8. ULTIMATE CONTROLLING PARTY

The controlling party is Ms D Simpson.