1 January 2024 v2025.43.1 limited_company_frs_102_section_1a_v1_1_2 companies_houseSoftwarefalsetruetruetrueNo description of principal activityfalsetruexbrli:purexbrli:sharesiso4217:GBP059128182024-01-012024-12-31059128182024-12-31059128182023-12-3105912818core:WithinOneYear2024-12-3105912818core:WithinOneYear2023-12-3105912818core:ShareCapital2024-12-3105912818core:ShareCapital2023-12-3105912818core:RetainedEarningsAccumulatedLosses2024-12-3105912818core:RetainedEarningsAccumulatedLosses2023-12-3105912818bus:Director12024-01-012024-12-3105912818bus:RegisteredOffice2024-01-012024-12-3105912818core:OtherResidualIntangibleAssets2024-01-012024-12-3105912818core:PlantMachinery2024-01-012024-12-31059128182023-01-012023-12-3105912818core:IntangibleAssetsOtherThanGoodwill2024-01-0105912818core:IntangibleAssetsOtherThanGoodwill2024-01-012024-12-3105912818core:IntangibleAssetsOtherThanGoodwill2024-12-3105912818core:IntangibleAssetsOtherThanGoodwill2023-12-3105912818core:PlantMachinery2024-12-310591281812024-01-012024-12-3105912818countries:EnglandWales2024-01-012024-12-3105912818bus:AuditExemptWithAccountantsReport2024-01-012024-12-3105912818bus:PrivateLimitedCompanyLtd2024-01-012024-12-3105912818bus:SmallEntities2024-01-012024-12-3105912818bus:FullAccounts2024-01-012024-12-31
Company registration number:
05912818
George Yates Limited
Unaudited Filleted Financial Statements for the year ended
31 December 2024
George Yates Limited
Chartered accountant's report to the board of directors on the preparation of the unaudited statutory financial statements of George Yates Limited
Year ended
31 December 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the
financial statements
of
George Yates Limited
for the year ended
31 December 2024
which comprise the income statement, statement of financial position and related notes from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/​regulations.
This report is made solely to the Board of Directors of
George Yates Limited
, as a body. Our work has been undertaken solely to prepare for your approval the
financial statements
of
George Yates Limited
and state those matters that we have agreed to state to the Board of Directors of
George Yates Limited
, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than
George Yates Limited
and its Board of Directors, as a body, for our work or for this report.
It is your duty to ensure that
George Yates Limited
has kept adequate accounting records and to prepare statutory
financial statements
that give a true and fair view of the assets, liabilities, financial position and profit of
George Yates Limited
. You consider that
George Yates Limited
is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the financial statements of George Yates Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
Percy Pemberton & Co
Chartered accountants
P O Box 241
Wakefield
West Yorkshire
WF2 6WA
United Kingdom
Date:
7 July 2025
George Yates Limited
Statement of Financial Position
31 December 2024
20242023
Note££
Fixed assets    
Intangible assets 5
85,650
 
73,746
 
Current assets    
Debtors 7
1,000
 
4,865
 
Cash at bank and in hand
31,439
 
35,444
 
32,439
 
40,309
 
Creditors: amounts falling due within one year 8
(28,897
)
(24,908
)
Net current assets
3,542
 
15,401
 
Total assets less current liabilities 89,192   89,147  
Capital and reserves    
Called up share capital
2
 
2
 
Profit and loss account
89,190
 
89,145
 
Shareholders funds
89,192
 
89,147
 
For the year ending
31 December 2024
, the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
  • The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
  • The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These
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.
These
financial statements
were approved by the board of directors and authorised for issue on
7 July 2025
, and are signed on behalf of the board by:
Mr C G Hudson
Director
Company registration number:
05912818
George Yates Limited
Notes to the Financial Statements
Year ended
31 December 2024

1 General information

The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is
1 Foundry Yard
,
Boroughbridge
,
North Yorkshire
,
YO51 9AX
, United Kingdom.

2 Statement of compliance

These
financial statements
have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and Republic of Ireland'.

3 Accounting policies

Basis of preparation

The
financial statements
have been prepared on the historical cost basis, as modified by the revaluation of certain assets.
The
financial statements
are prepared in sterling, which is the functional currency of the company.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied, net of discounts and Value Added Tax.

Current tax

Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.
Due to a change in their status, pitches now have a finite life therefore it has been decided to write off the cost of these over the 20 years from their purchase date.
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Other intangible assets
Straight line basis over 20 years

Tangible assets

Tangible assets are initially measured at cost, and are subsequently measured at cost less any accumulated depreciation and accumulated impairment losses or at a revalued amount.
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Plant and machinery
25% on a reducing balance

4 Average number of employees

The average number of persons employed by the company during the year was
1
(2023:
1.00
).

5 Intangible assets

Other intangible assets
£
Cost  
At
1 January 2024
94,523
 
Additions
17,500
 
At
31 December 2024
112,023
 
Amortisation  
At
1 January 2024
20,777
 
Charge
5,596
 
At
31 December 2024
26,373
 
Carrying amount  
At
31 December 2024
85,650
 
At 31 December 2023
73,746
 

6 Tangible assets

Plant and machinery etc.
£
Cost  
At
1 January 2024
and
31 December 2024
7,490
 
Depreciation  
At
1 January 2024
and
31 December 2024
7,490
 
Carrying amount  
At
31 December 2024
-  
At 31 December 2023 -  

7 Debtors

20242023
££
Other debtors
1,000
 
4,865
 

8 Creditors: amounts falling due within one year

20242023
££
Taxation and social security
10
 
1,706
 
Other creditors
28,887
 
23,202
 
28,897
 
24,908