YARCOMBE WOODLAND PRODUCTS LIMITED

Company Registration Number:
01583838 (England and Wales)

Unaudited statutory accounts for the year ended 31 October 2024

Period of accounts

Start date: 1 November 2023

End date: 31 October 2024

YARCOMBE WOODLAND PRODUCTS LIMITED

Contents of the Financial Statements

for the Period Ended 31 October 2024

Balance sheet
Additional notes
Balance sheet notes

YARCOMBE WOODLAND PRODUCTS LIMITED

Balance sheet

As at 31 October 2024

Notes 2024 2023


£

£
Fixed assets
Tangible assets: 3 271,066 302,871
Total fixed assets: 271,066 302,871
Current assets
Stocks: 4 410,525 426,116
Debtors: 5 479,036 545,042
Cash at bank and in hand: 68,603 54,017
Total current assets: 958,164 1,025,175
Creditors: amounts falling due within one year: 6 ( 230,607 ) ( 222,646 )
Net current assets (liabilities): 727,557 802,529
Total assets less current liabilities: 998,623 1,105,400
Creditors: amounts falling due after more than one year: 7 ( 23,180 ) ( 60,961 )
Provision for liabilities: ( 17,715 ) ( 20,270 )
Total net assets (liabilities): 957,728 1,024,169
Capital and reserves
Called up share capital: 10,000 10,000
Profit and loss account: 947,728 1,014,169
Total Shareholders' funds: 957,728 1,024,169

The notes form part of these financial statements

YARCOMBE WOODLAND PRODUCTS LIMITED

Balance sheet statements

For the year ending 31 October 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen not to file a copy of the company's profit and loss account.

This report was approved by the board of directors on 18 July 2025
and signed on behalf of the board by:

Name: Stephen Ruell
Status: Director

The notes form part of these financial statements

YARCOMBE WOODLAND PRODUCTS LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts. The company recognises revenue when: The amount of revenue can be reliably measured; it is probable that future economic benefits will flow to the entity; and specific criteria have been met for each of the company's activities.

    Tangible fixed assets depreciation policy

    Tangible assets Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses. The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation. Depreciation Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows: Asset class Depreciation method and rate Land and buildings - Straight line method over 25 years Furniture, fittings and equipment - Straight line method over 3 years Motor vehicles - 25% reducing balance Plant and machinery - 20% reducing balance

    Other accounting policies

    Basis of preparation These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value. Tax The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income. The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income. Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements. Unrelieved tax losses and other deferred tax assets are recognised when 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. Cash and cash equivalents Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value. Trade debtors Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business. Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables. Stocks Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method. The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss. Trade creditors Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an Unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities. Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method. Borrowings Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Profit and Loss Account over the period of the relevant borrowing. Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges. Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date. Share capital Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis. Defined contribution pension obligation A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods. Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

YARCOMBE WOODLAND PRODUCTS LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 13 13

YARCOMBE WOODLAND PRODUCTS LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 November 2023 371,724 264,302 24,904 188,273 849,203
Additions 1,508 1,623 3,131
Disposals
Revaluations
Transfers
At 31 October 2024 371,724 265,810 26,527 188,273 852,334
Depreciation
At 1 November 2023 156,871 222,505 22,699 144,257 546,332
Charge for year 14,155 7,621 2,156 11,004 34,936
On disposals
Other adjustments
At 31 October 2024 171,026 230,126 24,855 155,261 581,268
Net book value
At 31 October 2024 200,698 35,684 1,672 33,012 271,066
At 31 October 2023 214,853 41,797 2,205 44,016 302,871

Included within the net book value of land and buildings above is £200,694 (2023 - £214,849) in respect of short leasehold land and buildings.

YARCOMBE WOODLAND PRODUCTS LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2024

4. Stocks

2024 2023
£ £
Stocks 410,525 426,116
Total 410,525 426,116

YARCOMBE WOODLAND PRODUCTS LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2024

5. Debtors

2024 2023
£ £
Trade debtors 78,438 128,007
Prepayments and accrued income 598 2,035
Other debtors 400,000 415,000
Total 479,036 545,042

YARCOMBE WOODLAND PRODUCTS LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2024

6. Creditors: amounts falling due within one year note

2024 2023
£ £
Bank loans and overdrafts 27,273 27,273
Amounts due under finance leases and hire purchase contracts 10,508 10,033
Trade creditors 79,889 78,557
Taxation and social security 28,398 35,796
Accruals and deferred income 82,335 69,670
Other creditors 2,204 1,317
Total 230,607 222,646

YARCOMBE WOODLAND PRODUCTS LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2024

7. Creditors: amounts falling due after more than one year note

2024 2023
£ £
Bank loans and overdrafts 15,909 43,182
Amounts due under finance leases and hire purchase contracts 7,271 17,779
Total 23,180 60,961

YARCOMBE WOODLAND PRODUCTS LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2024

8. Financial Commitments

Loans and borrowings Hire purchase - 1 to 2 years = £7,271 (2023: £10,508) Hire purchase - 2 to 5 years = nil (2023: £7,271) Total = £7,271 (2023: £17,779) Bank loan - 1 to 2 years =£15,909 (2023: £27,273) Bank loan - 2 to 5 years = nil (2023: £15,909) Total = £15,909 (2023: £43,182) Loans and borrowings due after more than one year = £23,180 (2023: £60,961)