Registered number
03060880
Yorkshire Office Supplies and Print Limited
Filleted Accounts
31 March 2025
Yorkshire Office Supplies and Print Limited
Registered number: 03060880
Balance Sheet
as at 31 March 2025
Notes 2025 2024
Fixed assets
Intangible assets 3 16,650 22,200
Tangible assets 4 7,058 7,544
23,708 29,744
Current assets
Stocks 1,200 4,986
Debtors 5 62,201 72,069
Cash at bank and in hand 84,751 31,914
148,152 108,969
Creditors: amounts falling due within one year 6 (130,280) (105,832)
Net current assets 17,872 3,137
Total assets less current liabilities 41,580 32,881
Creditors: amounts falling due after more than one year 7 (25,688) (31,642)
Provisions for liabilities (1,044) (1,072)
Net assets 14,848 167
Capital and reserves
Called up share capital 100 100
Profit and loss account 14,748 67
Shareholder's funds 14,848 167
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his 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.
C R Pennington
Director
Approved by the board on 3 June 2025
Yorkshire Office Supplies and Print Limited
Notes to the Accounts
for the year ended 31 March 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:
Plant and machinery 10 - 25% reducing balance
Motor vehicles 25% reducing balance
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.
Leased assets
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.
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 3 3
3 Intangible fixed assets
Goodwill:
Cost
At 1 April 2024 600,000
At 31 March 2025 600,000
Amortisation
At 1 April 2024 577,800
Provided during the year 5,550
At 31 March 2025 583,350
Net book value
At 31 March 2025 16,650
At 31 March 2024 22,200
Goodwill is being written off in equal annual instalments over its estimated economic life of 10 years from 1st April 2018.
4 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
Cost
At 1 April 2024 17,969 21,276 39,245
Additions 1,071 - 1,071
At 31 March 2025 19,040 21,276 40,316
Depreciation
At 1 April 2024 14,171 17,530 31,701
Charge for the year 620 937 1,557
At 31 March 2025 14,791 18,467 33,258
Net book value
At 31 March 2025 4,249 2,809 7,058
At 31 March 2024 3,798 3,746 7,544
5 Debtors 2025 2024
Trade debtors 50,020 47,488
Other debtors 12,181 24,581
62,201 72,069
Amounts due after more than one year included above 8,324 -
6 Creditors: amounts falling due within one year 2025 2024
Bank loans and overdrafts 5,954 5,954
Trade creditors 92,823 75,619
Taxation and social security costs 29,921 22,992
Other creditors 1,582 1,267
130,280 105,832
7 Creditors: amounts falling due after one year 2025 2024
Bank loans 25,688 31,642
8 Loans 2025 2024
Creditors include:
Instalments falling due for payment after more than five years 1,871 7,825
9 Other financial commitments 2025 2024
Total future minimum payments under non-cancellable operating leases 1,659 12,326
10 Loans to directors
Description and conditions B/fwd Paid Repaid C/fwd
J G Pepper (resigned 10th July 2024)
Directors loan account 12,052 - (12,052) -
C R Pennington
Directors loan account 12,052 - (3,728) 8,324
24,104 - (15,780) 8,324
11 Controlling party
C R Pennington is the controlling party.
12 Other information
Yorkshire Office Supplies and Print Limited is a private company limited by shares and incorporated in England. Its registered office is:
Unit 5, Brooklands Court
1 Tunstall Road
Leeds
West Yorkshire
LS11 5HL
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