2024-04-012025-03-312025-03-31false02249386WILLIAM YEOWARD FURNITURE LIMITED2025-07-11falseiso4217:GBPxbrli:pure022493862024-03-31022493862025-03-31022493862024-04-012025-03-31022493862023-03-31022493862024-03-31022493862023-04-012024-03-3102249386bus:SmallEntities2024-04-012025-03-3102249386bus:AuditExempt-NoAccountantsReport2024-04-012025-03-3102249386bus:FullAccounts2024-04-012025-03-3102249386bus:PrivateLimitedCompanyLtd2024-04-012025-03-3102249386core:WithinOneYear2025-03-3102249386core:AfterOneYear2025-03-3102249386core:WithinOneYear2024-03-3102249386core:AfterOneYear2024-03-3102249386core:ShareCapital2025-03-3102249386core:SharePremium2025-03-3102249386core:RevaluationReserve2025-03-3102249386core:OtherReservesSubtotal2025-03-3102249386core:RetainedEarningsAccumulatedLosses2025-03-3102249386core:ShareCapital2024-03-3102249386core:SharePremium2024-03-3102249386core:RevaluationReserve2024-03-3102249386core:OtherReservesSubtotal2024-03-3102249386core:RetainedEarningsAccumulatedLosses2024-03-3102249386core:LandBuildings2025-03-3102249386core:PlantMachinery2025-03-3102249386core:Vehicles2025-03-3102249386core:FurnitureFittings2025-03-3102249386core:OfficeEquipment2025-03-3102249386core:NetGoodwill2025-03-3102249386core:IntangibleAssetsOtherThanGoodwill2025-03-3102249386core:ListedExchangeTraded2025-03-3102249386core:UnlistedNon-exchangeTraded2025-03-3102249386core:LandBuildings2024-03-3102249386core:PlantMachinery2024-03-3102249386core:Vehicles2024-03-3102249386core:FurnitureFittings2024-03-3102249386core:OfficeEquipment2024-03-3102249386core:NetGoodwill2024-03-3102249386core:IntangibleAssetsOtherThanGoodwill2024-03-3102249386core:ListedExchangeTraded2024-03-3102249386core:UnlistedNon-exchangeTraded2024-03-3102249386core:LandBuildings2024-04-012025-03-3102249386core:PlantMachinery2024-04-012025-03-3102249386core:Vehicles2024-04-012025-03-3102249386core:FurnitureFittings2024-04-012025-03-3102249386core:OfficeEquipment2024-04-012025-03-3102249386core:NetGoodwill2024-04-012025-03-3102249386core:IntangibleAssetsOtherThanGoodwill2024-04-012025-03-3102249386core:ListedExchangeTraded2024-04-012025-03-3102249386core:UnlistedNon-exchangeTraded2024-04-012025-03-3102249386core:MoreThanFiveYears2024-04-012025-03-3102249386core:Non-currentFinancialInstruments2025-03-3102249386core:Non-currentFinancialInstruments2024-03-3102249386dpl:CostSales2024-04-012025-03-3102249386dpl:DistributionCosts2024-04-012025-03-3102249386core:LandBuildings2024-04-012025-03-3102249386core:PlantMachinery2024-04-012025-03-3102249386core:Vehicles2024-04-012025-03-3102249386core:FurnitureFittings2024-04-012025-03-3102249386core:OfficeEquipment2024-04-012025-03-3102249386dpl:AdministrativeExpenses2024-04-012025-03-3102249386core:NetGoodwill2024-04-012025-03-3102249386core:IntangibleAssetsOtherThanGoodwill2024-04-012025-03-3102249386dpl:GroupUndertakings2024-04-012025-03-3102249386dpl:ParticipatingInterests2024-04-012025-03-3102249386dpl:GroupUndertakingscore:ListedExchangeTraded2024-04-012025-03-3102249386core:ListedExchangeTraded2024-04-012025-03-3102249386dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2024-04-012025-03-3102249386core:UnlistedNon-exchangeTraded2024-04-012025-03-3102249386dpl:CostSales2023-04-012024-03-3102249386dpl:DistributionCosts2023-04-012024-03-3102249386core:LandBuildings2023-04-012024-03-3102249386core:PlantMachinery2023-04-012024-03-3102249386core:Vehicles2023-04-012024-03-3102249386core:FurnitureFittings2023-04-012024-03-3102249386core:OfficeEquipment2023-04-012024-03-3102249386dpl:AdministrativeExpenses2023-04-012024-03-3102249386core:NetGoodwill2023-04-012024-03-3102249386core:IntangibleAssetsOtherThanGoodwill2023-04-012024-03-3102249386dpl:GroupUndertakings2023-04-012024-03-3102249386dpl:ParticipatingInterests2023-04-012024-03-3102249386dpl:GroupUndertakingscore:ListedExchangeTraded2023-04-012024-03-3102249386core:ListedExchangeTraded2023-04-012024-03-3102249386dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2023-04-012024-03-3102249386core:UnlistedNon-exchangeTraded2023-04-012024-03-3102249386core:NetGoodwill2025-03-3102249386core:IntangibleAssetsOtherThanGoodwill2025-03-3102249386core:LandBuildings2025-03-3102249386core:PlantMachinery2025-03-3102249386core:Vehicles2025-03-3102249386core:FurnitureFittings2025-03-3102249386core:OfficeEquipment2025-03-3102249386core:AfterOneYear2025-03-3102249386core:WithinOneYear2025-03-3102249386core:ListedExchangeTraded2025-03-3102249386core:UnlistedNon-exchangeTraded2025-03-3102249386core:ShareCapital2025-03-3102249386core:SharePremium2025-03-3102249386core:RevaluationReserve2025-03-3102249386core:OtherReservesSubtotal2025-03-3102249386core:RetainedEarningsAccumulatedLosses2025-03-3102249386core:NetGoodwill2024-03-3102249386core:IntangibleAssetsOtherThanGoodwill2024-03-3102249386core:LandBuildings2024-03-3102249386core:PlantMachinery2024-03-3102249386core:Vehicles2024-03-3102249386core:FurnitureFittings2024-03-3102249386core:OfficeEquipment2024-03-3102249386core:AfterOneYear2024-03-3102249386core:WithinOneYear2024-03-3102249386core:ListedExchangeTraded2024-03-3102249386core:UnlistedNon-exchangeTraded2024-03-3102249386core:ShareCapital2024-03-3102249386core:SharePremium2024-03-3102249386core:RevaluationReserve2024-03-3102249386core:OtherReservesSubtotal2024-03-3102249386core:RetainedEarningsAccumulatedLosses2024-03-3102249386core:NetGoodwill2023-03-3102249386core:IntangibleAssetsOtherThanGoodwill2023-03-3102249386core:LandBuildings2023-03-3102249386core:PlantMachinery2023-03-3102249386core:Vehicles2023-03-3102249386core:FurnitureFittings2023-03-3102249386core:OfficeEquipment2023-03-3102249386core:AfterOneYear2023-03-3102249386core:WithinOneYear2023-03-3102249386core:ListedExchangeTraded2023-03-3102249386core:UnlistedNon-exchangeTraded2023-03-3102249386core:ShareCapital2023-03-3102249386core:SharePremium2023-03-3102249386core:RevaluationReserve2023-03-3102249386core:OtherReservesSubtotal2023-03-3102249386core:RetainedEarningsAccumulatedLosses2023-03-3102249386core:AfterOneYear2024-04-012025-03-3102249386core:WithinOneYear2024-04-012025-03-3102249386core:Non-currentFinancialInstrumentscore:CostValuation2024-04-012025-03-3102249386core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2024-04-012025-03-3102249386core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2024-04-012025-03-3102249386core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2024-04-012025-03-3102249386core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2024-04-012025-03-3102249386core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2024-04-012025-03-3102249386core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2024-04-012025-03-3102249386core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2024-04-012025-03-3102249386core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2024-04-012025-03-3102249386core:Non-currentFinancialInstrumentscore:CostValuation2025-03-3102249386core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2025-03-3102249386core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2025-03-3102249386core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2025-03-3102249386core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2025-03-3102249386core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2025-03-3102249386core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2025-03-3102249386core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2025-03-3102249386core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2025-03-3102249386core:Non-currentFinancialInstrumentscore:CostValuation2024-03-3102249386core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2024-03-3102249386core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2024-03-3102249386core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2024-03-3102249386core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2024-03-3102249386core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2024-03-3102249386core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2024-03-3102249386core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2024-03-3102249386core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2024-03-3102249386bus:Director12024-04-012025-03-3102249386bus:Director22024-04-012025-03-3102249386bus:Director32024-04-012025-03-3102249386core:FurnitureFittingsToolsEquipment2024-03-3102249386core:FurnitureFittingsToolsEquipment2024-04-012025-03-3102249386core:FurnitureFittingsToolsEquipment2025-03-31

WILLIAM YEOWARD FURNITURE LIMITED

Registered Number
02249386
(England and Wales)

Unaudited Financial Statements for the Year ended
31 March 2025

WILLIAM YEOWARD FURNITURE LIMITED
Company Information
for the year from 1 April 2024 to 31 March 2025

Directors

C J GRAFHAM
S J KINGCOME
C S ORCHARD

Company Secretary

C S ORCHARD

Registered Address

270 Kings Road
London
SW3 5AW

Registered Number

02249386 (England and Wales)
WILLIAM YEOWARD FURNITURE LIMITED
Balance Sheet as at
31 March 2025

Notes

2025

2024

£

£

£

£

Fixed assets
Intangible assets319,08025,254
Tangible assets486,279129,494
105,359154,748
Current assets
Stocks51,012,7961,426,368
Debtors61,265,130658,656
Cash at bank and on hand7,40337,840
2,285,3292,122,864
Creditors amounts falling due within one year7(1,961,667)(1,356,650)
Net current assets (liabilities)323,662766,214
Total assets less current liabilities429,021920,962
Creditors amounts falling due after one year8(404,013)(882,992)
Provisions for liabilities10(21,302)(24,361)
Net assets3,70613,609
Capital and reserves
Called up share capital126126
Profit and loss account3,58013,483
Shareholders' funds3,70613,609
The financial statements were approved and authorised for issue by the Board of Directors on 11 July 2025, and are signed on its behalf by:
C J GRAFHAM
Director
Registered Company No. 02249386
WILLIAM YEOWARD FURNITURE LIMITED
Notes to the Financial Statements
for the year ended 31 March 2025

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
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).
Functional and presentation currency
The financial statements are presented in sterling and this is the functional currency of the company.
Going concern
After reviewing the company's forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis of accounting in preparing its financial statements.
Revenue from sale of goods
Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.
Revenue from rendering of services
Revenue 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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
Operating leases
Where, substantially, all the risks and rewards of ownership of the asset do not transfer from the lessor to the company, the lease is treated as an operating lease. Rentals payable under operating leases are charged to the profit and loss account on a straight-line basis over the period of the lease.
Employee benefits
Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.
Defined contribution pension plan
The company operates a defined contribution pension plan for the benefit of its employees. Contributions are recognised as expenses as they become payable. Differences between contributions payable in the year and those actually paid are recognised as either prepayments or accruals in the balance sheet. The assets of the defined contribution pension scheme are held separately from those of the company in an independently administered fund.
Borrowing costs
All borrowing costs are recognised in profit or loss in the year in which they are incurred.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Deferred tax
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.
Intangible assets
Intangible assets are stated at cost less accumulated amortisation and accumulated impairment losses. The assets are reviewed for impairment if the above factors indicate that the carrying amount may be impaired. Amortisation is included in 'administrative expenses' in the profit and loss account.
Tangible fixed assets and depreciation
All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset.

Straight line (years)
Land and buildings6.67
Fixtures and fittings6.67
Vehicles5
Office Equipment6.67
Finance leases and hire purchase contracts
Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the balance sheet. They are depreciated over the shorter of their useful lives or the term of the lease.
Stocks and work in progress
Stock is valued at the lower of cost and estimated selling price less costs to complete and sell. The cost methodology employed by the entity is the first-in first-out method. Estimated selling price less costs to complete and sell are derived from the selling price which the goods would fetch in an open market transaction with established customers less the costs expected to be incurred to enable the sale to complete. Provision is made for slow-moving and obsolete items of stock. Such provisions are recognised in profit or loss. Work in progress is valued using the percentage of completion method and values are calculated using the lower of cost and estimated selling price less costs to complete and sell. When stocks are sold, the carrying amount of those stocks is recognised as an expense within cost of sales. This takes place in the same period that the associated revenue is recognised.
Trade and other 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.
Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less. Bank overdrafts are disclosed separately.
Trade and other 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.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at transaction price and measured at amortised cost using the effective interest method. Where investments in non-derivative financial instruments are publicly traded, or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value through profit and loss. All other investments are subsequently measured at cost less impairment. Financial assets which are measured at cost or amortised cost are reviewed for objective evidence of impairment at each balance sheet date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. All equity instruments, regardless of significance, and other financial assets that are individually significant, are assessed individually for impairment.
Government grants or assistance
Government grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received. A grant that specifies performance conditions is recognised in income when the performance conditions are met. Where a grant does not specify performance conditions it is recognised in income when the proceeds are received or receivable. A grant received before the recognition criteria are satisfied is recognised as a liability.
2.Average number of employees

20252024
Average number of employees during the year1920
3.Intangible assets

Other

Total

££
Cost or valuation
At 01 April 2451,16051,160
At 31 March 2551,16051,160
Amortisation and impairment
At 01 April 2425,90625,906
Charge for year6,1746,174
At 31 March 2532,08032,080
Net book value
At 31 March 2519,08019,080
At 31 March 2425,25425,254
4.Tangible fixed assets

Land & buildings

Vehicles

Fixtures & fittings

Office Equipment

Total

£££££
Cost or valuation
At 01 April 24257,80063,608104,93046,545472,883
Additions---3,0913,091
Disposals--(18,752)(1,541)(20,293)
At 31 March 25257,80063,60886,17848,095455,681
Depreciation and impairment
At 01 April 24233,36846,64035,82427,557343,389
Charge for year4,7976,53415,1195,48331,933
On disposals--(4,129)(1,791)(5,920)
At 31 March 25238,16553,17446,81431,249369,402
Net book value
At 31 March 2519,63510,43439,36416,84686,279
At 31 March 2424,43216,96869,10618,988129,494
5.Stocks

2025

2024

££
Finished goods1,012,7961,426,368
Total1,012,7961,426,368
6.Debtors: amounts due within one year

2025

2024

££
Trade debtors / trade receivables325,669217,002
Other debtors146,544101,973
Prepayments and accrued income792,917339,681
Total1,265,130658,656
7.Creditors: amounts due within one year

2025

2024

££
Trade creditors / trade payables453,065482,994
Bank borrowings and overdrafts102,10784,000
Amounts owed to related parties555,254163,171
Taxation and social security73,22381,227
Finance lease and HP contracts4,8175,485
Other creditors211,48084,693
Accrued liabilities and deferred income561,721455,080
Total1,961,6671,356,650
8.Creditors: amounts due after one year

2025

2024

££
Bank borrowings and overdrafts14,00098,000
Amounts owed to related parties390,013780,190
Other creditors-4,802
Total404,013882,992
9.Obligations under finance leases

2025

2024

££
Finance lease and HP contracts4,81710,288
10.Provisions for liabilities

2025

2024

££
Net deferred tax liability (asset)21,30224,361
Total21,30224,361
11.Pension commitments
The Company operates two defined contributions pension schemes. The assets of the schemes are held separately from those of the Company in independently administered funds. The pension cost charge represents contributions payable by the Company to the respective funds and amounted to £41,794 (2024 - £41,089). There were no contributions payable to the respective funds at the balance sheet date.
12.Operating lease commitments
At 31 March 2025, the company had total commitments under non-cancellable operating leases over the remaining life of those leases of £1,501,250 (2024 - £1,991,250).
13.Related party transactions
During the year the company entered into transactions, in the ordinary course of business with other related parties. Transactions entered into and trading balances outstanding at 31 March 2025, are as follows: During the year the company received sales of £60,842 from related parties (2024 - £43,811). At the Balance Sheet date the company owed £961,718 (2024 - £943,361) to related parties and was owed £32,962 (2024 - £nil) by related parties. Terms and conditions of transactions with related parties Sales and purchases between related parties are made at normal market prices. Outstanding balances with entities are unsecured, interest free and cash settlement is expected within 60 days of invoice. The Company has not provided or benefited from any guarantees for any related party receivables or payables. During the year ended 31 March 2025, the Company has not made any provision for doubtful debts relating to amounts owed by related parties (2024: £nil). The company has provided a guarantee in respect of the bank overdraft of a subsidiary company. Key management personnel All directors who have authority and responsibility for planning, directing and controlling the activities of the Company are considered to be key management personnel. Total remuneration including dividends paid in respect of these individuals is £77,764 (2024: £77,439).
14.Controlling party
WY Holdings Limited owns 99% of the share capital in William Yeoward Furniture Limited and is considered to be the controlling party. WY Holdings Limited is a private company limited by shares and is incorporated and registered in England under Company Registration Number 06821964. The company's registered office is situated at 270 Kings Road, London, England, SW3 5AW. The ultimate controlling party for the year ended 31 March 2025 was C S Orchard, by virtue of his majority shareholding in WY Holdings Limited, the parent company. The principal place of business is situated at the company's registered office.