Registered number
SC311729
YELLOW COM LIMITED
Unaudited Financial Statements for the year ended
31 December 2024
YELLOW COM LIMITED
Registered number: SC311729
Balance Sheet
as at 31 December 2024
Notes 2024 2023
£ £
Fixed assets
Intangible assets 3 751,602 751,601
Tangible assets 4 344,554 517,073
1,096,156 1,268,674
Current assets
Stocks 169,486 72,046
Debtors 5 612,597 606,942
Cash at bank and in hand 622,494 269,704
1,404,577 948,692
Creditors: amounts falling due within one year 6 (1,021,057) (1,255,199)
Net current assets/(liabilities) 383,520 (306,507)
Total assets less current liabilities 1,479,676 962,167
Creditors: amounts falling due after more than one year 7 (130,356) (240,208)
Provisions for liabilities (144,746) (161,668)
Net assets 1,204,574 560,291
Capital and reserves
Called up share capital 100 100
Profit and loss account 1,204,474 560,191
Shareholders' funds 1,204,574 560,291
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 members have 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.
Andrew Laing
Director
Approved by the Board on 17 September 2025
YELLOW COM LIMITED
Notes to the Accounts
for the year ended 31 December 2024
1 Accounting policies
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.
Intangible fixed assets
Intangible fixed assets relate to licenses, and current value is reflective of net realisable value.
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 15% reducing balance
Vehicles 25% reducing balance
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
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.
Other Provisions
The provision relates to amounts payable arising from the obligation to cover new customer's
early termination fees upon cancellation of their previous suppliers' services. The company
has a contractual obligation to incur this cost.
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.
Leased assets
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate. A defined contribution plan is a pension plan under which the company pays fixed
contributions into a separate entity. Once the contributions have been paid the company
has no further obligation.
Contributions to defined contribution plans are expensed in the period to which they relate.
Amounts not paid are shown in accruals in the Balance Sheet. The assets of the plan are held
separately from the company in independently administered funds.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 57 57
3 Intangible fixed assets £
Licenses
Cost
At 1 January 2024 1,309,101
At 31 December 2024 1,309,101
Amortisation
At 1 January 2024 557,499
At 31 December 2024 557,499
Net book value
At 31 December 2024 751,602
At 31 December 2023 751,602
4 Tangible fixed assets
Plant and machinery Motor vehicles Total
£ £ £
Cost
At 1 January 2024 60,489 715,196 775,685
Additions - 38,377 38,377
Disposals - (163,478) (163,478)
At 31 December 2024 60,489 590,095 650,584
Depreciation
At 1 January 2024 28,593 230,019 258,612
Charge for the year 3,789 103,413 107,202
On disposals - (59,784) (59,784)
At 31 December 2024 32,382 273,648 306,030
Net book value
At 31 December 2024 28,107 316,447 344,554
At 31 December 2023 31,896 485,177 517,073
5 Debtors 2024 2023
£ £
Trade debtors 314,015 357,368
Provision for doubtful debts (104,835) -
Amounts owed by group undertakings and undertakings in which the company has a participating interest 225,458 81,052
Other debtors 177,959 168,522
612,597 606,942
6 Creditors: amounts falling due within one year 2024 2023
£ £
Obligations under finance lease and hire purchase contracts 65,406 71,472
Trade creditors 312,317 559,408
Taxation and social security costs 500,890 315,479
Pension payable 8,590 -
Accrued liabilities and deferred income 32,563 117,433
Other creditors 101,291 191,407
1,021,057 1,255,199
7 Creditors: amounts falling due after one year 2024 2023
£ £
Other creditors 130,356 240,208
Finance lease and hire purchase contracts are included in other creditors
10 Finance lease and HP contracts after one year
2,023 2,022
Finance lease and HP contracts 173,024 30,967
Finance lease and HP contracts after one year are secured against the assets of which they relate.
8 Other information
YELLOW COM LIMITED is a private company limited by shares and incorporated in Scotland. Its registered office is:
Clydesdale House
Springhill Parkway
Baillieston
Glasgow
G69 6GA
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