Registered number
11925994
Yarde Gas Limited
Unaudited Filleted Accounts
30 April 2025
Yarde Gas Limited
Registered number: 11925994
Balance Sheet
as at 30 April 2025
Notes 2025 2024
£ £
Fixed assets
Tangible assets 3 2,040 3,042
Current assets
Debtors 4 15,708 18,765
Cash at bank and in hand 28,074 21,593
43,782 40,358
Creditors: amounts falling due within one year 5 (37,216) (44,178)
Net current assets/(liabilities) 6,566 (3,820)
Total assets less current liabilities 8,606 (778)
Creditors: amounts falling due after more than one year 6 - (2,906)
Provisions for liabilities (388) (578)
Net assets/(liabilities) 8,218 (4,262)
Capital and reserves
Called up share capital 100 100
Profit and loss account 8,118 (4,362)
Shareholder's funds 8,218 (4,262)
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.
P. A. Yarde
Director
Approved by the board on 25 July 2025
Yarde Gas Limited
Notes to the Accounts
for the year ended 30 April 2025
1 Accounting policies
Going concern
At the reporting date, the company had a deficit on its Profit & Loss reserve and net current liabilities. The company has ongoing contracts of work and has enjoyed a positive cashflow from operating activities since the reporting date. The company also enjoys the support of its director for a period of not less than twelve months from the date of the approval of these accounts. The going concern accounting convention has therefore been adopted.
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.
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 25% reducing balance
Motor vehicles 25% straight-line
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.
2 Employees 2025 2024
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 May 2024 4,423 17,500 21,923
Additions 553 - 553
At 30 April 2025 4,976 17,500 22,476
Depreciation
At 1 May 2024 2,256 16,625 18,881
Charge for the year 680 875 1,555
At 30 April 2025 2,936 17,500 20,436
Net book value
At 30 April 2025 2,040 - 2,040
At 30 April 2024 2,167 875 3,042
4 Debtors 2025 2024
£ £
Trade debtors 15,608 17,866
Other debtors 100 899
15,708 18,765
5 Creditors: amounts falling due within one year 2025 2024
£ £
Bank loans and overdrafts 2,804 4,000
Taxation and social security costs 32,655 37,890
Other creditors 1,757 2,288
37,216 44,178
6 Creditors: amounts falling due after one year 2025 2024
£ £
Bank loans - 2,906
7 Controlling party
The company is controlled by P. A. Yarde, its director and shareholder.
8 Other information
Yarde Gas Limited is a private company limited by shares and incorporated in England. Its registered office is:
12 Culm Close
Bideford
Devon
EX39 4AX
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