REGISTERED NUMBER: SC416814 (Scotland)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2025

FOR

WILLIAM YUILLE LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

I Yuille

REGISTERED OFFICE:

Grangeston

GIRVAN

Ayrshire

KA26 9PY

REGISTERED NUMBER:

SC416814 (Scotland)

ACCOUNTANTS:

Galbraith Pritchards

Chartered Accountants

16 Hamilton Street

Girvan

Ayrshire

KA26 9EY

BANKERS:

The Royal Bank of Scotland

14 Dalrymple Street

Girvan

Ayrshire

KA26 9AF

FIXED ASSETS

Tangible assets

4

434,949

466,912

Investment property

5

30,000

30,000

464,949

496,912

CURRENT ASSETS

Stocks

6

87,925

88,100

Debtors

7

97,516

64,398

Cash at bank and in hand

82,104

159,278

267,545

311,776

CREDITORS

Amounts falling due within one year

8

233,980

329,674

NET CURRENT ASSETS/(LIABILITIES)

33,565

(17,898

)

TOTAL ASSETS LESS CURRENT LIABILITIES

498,514

479,014

PROVISIONS FOR LIABILITIES

102,182

109,864

NET ASSETS

396,332

369,150

CAPITAL AND RESERVES

Called up share capital

200,000

200,000

Revaluation reserve

9

30,000

30,000

Retained earnings

166,332

139,150

SHAREHOLDERS' FUNDS

396,332

369,150

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The 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.

The financial statements were approved by the director and authorised for issue on 3 September 2025 and were signed by:

I Yuille - Director

1.	STATUTORY INFORMATION

William Yuille Ltd is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

BASIS OF PREPARING THE FINANCIAL STATEMENTS

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

TURNOVER

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

TANGIBLE FIXED ASSETS

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Freehold property

-

not provided

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

A review of impairment is carried out at each reporting date. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

INVESTMENT PROPERTY

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

STOCKS

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

FINANCIAL INSTRUMENTS

The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

TAXATION

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

DEFERRED TAX

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

HIRE PURCHASE AND LEASING COMMITMENTS

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

PENSION COSTS AND OTHER POST-RETIREMENT BENEFITS

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2024 - 10 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Plant and

and

Motor

property

machinery

fittings

vehicles

Totals

£

£

£

£

£

COST

At 1 May 2024

6,871

853,981

5,800

125,049

991,701

Additions

-

5,550

-

61,166

66,716

Disposals

-

(50,049

)

-

(40,916

)

(90,965

)

At 30 April 2025

6,871

809,482

5,800

145,299

967,452

DEPRECIATION

At 1 May 2024

-

449,189

4,399

71,201

524,789

Charge for year

-

59,414

210

11,229

70,853

Eliminated on disposal

-

(39,196

)

-

(23,943

)

(63,139

)

At 30 April 2025

-

469,407

4,609

58,487

532,503

NET BOOK VALUE

At 30 April 2025

6,871

340,075

1,191

86,812

434,949

At 30 April 2024

6,871

404,792

1,401

53,848

466,912

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

£

COST

At 1 May 2024

and 30 April 2025

195,000

DEPRECIATION

At 1 May 2024

33,188

Charge for year

24,272

At 30 April 2025

57,460

NET BOOK VALUE

At 30 April 2025

137,540

At 30 April 2024

161,812

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 May 2024

and 30 April 2025

30,000

NET BOOK VALUE

At 30 April 2025

30,000

At 30 April 2024

30,000

6.

STOCKS

30/4/25

30/4/24

£

£

Stocks and work in progress

87,925

88,100

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30/4/25

30/4/24

£

£

Trade debtors

96,798

62,951

Other debtors

11

11

Prepayments

707

1,436

97,516

64,398

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30/4/25

30/4/24

£

£

Hire purchase contracts

58,217

84,889

Trade creditors

75,609

100,536

Tax

41,270

10,200

Social security and other taxes

1,329

1,701

VAT

6,962

7,701

Other creditors

24,343

24,228

Directors' loan accounts

17,504

96,864

Accrued expenses

8,746

3,555

233,980

329,674

9.

RESERVES

Revaluation

reserve

£

At 1 May 2024

and 30 April 2025

30,000

10.	ULTIMATE CONTROLLING PARTY