REGISTERED NUMBER: 04122198 (England and Wales)

JEREMY YEATES LIMITED

Unaudited Financial Statements for the Year Ended 31 December 2024

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Director:

J Yeates

Registered office:

Unit 27

Llantarnam Industrial Park

Cwmbran

South Wales

NP44 3AX

Registered number:

04122198 (England and Wales)

Accountants:

Menzies LLP, Statutory Auditors

5th Floor Hodge House

114-116 St Mary Street

Cardiff

CF10 1DY

Fixed assets

Property, plant and equipment

4

182

441

Current assets

Inventories

4,350

4,500

Debtors

5

22,669

18,575

Cash at bank and in hand

2,694

1,925

29,713

25,000

Creditors

Amounts falling due within one year

6

(16,127

)

(13,792

)

Net current assets

13,586

11,208

Total assets less current liabilities

13,768

11,649

Creditors

Amounts falling due after more than one year

7

(1,000

)

(3,000

)

Provisions for liabilities

8

(34

)

(84

)

Net assets

12,734

8,565

Capital and reserves

Called up share capital

2

2

Retained earnings

12,732

8,563

Shareholders' funds

12,734

8,565

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the director and authorised for issue on 15 September 2025 and were signed by:

J Yeates - Director

1.	Statutory information

JEREMY YEATES LIMITED is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	Accounting policies

Basis of preparing the financial statements

Going concern

The company meets it working capital requirements through the ongoing support of its shareholders and banking institutes. On this basis, the director considers it appropriate to prepare the financial statement on the going concern basis.

Turnover

Revenue 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.

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

25% on cost

Inventories

Inventories are valued at the lower of cost and estimated selling price less cost to sell, after making due allowance for obsolete and slow moving items.

Financial instruments

Financial instruments are classified and accounted for according to the substance of the contractual arrangements as either financial assets, financial liabilities or equity instruments, and are held at amortised cost. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all its liabilities.

Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value of the future payments discounted at a market rate of interest for a similar debt instrument

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.

3.	Employees and directors

The average number of employees during the year was 1 (2023 - 1 ) .

4.	Property, plant and equipment

Fixtures

Plant and

and

Computer

machinery

fittings

equipment

Totals

£

£

£

£

Cost

At 1 January 2024

and 31 December 2024

10,981

860

3,955

15,796

Depreciation

At 1 January 2024

10,801

798

3,756

15,355

Charge for year

45

15

199

259

At 31 December 2024

10,846

813

3,955

15,614

Net book value

At 31 December 2024

135

47

-

182

At 31 December 2023

180

62

199

441

5.

Debtors: amounts falling due within one year

2024

2023

£

£

Trade debtors

1,287

-

Inter Company debtor

208

208

Directors' current accounts

20,798

15,464

Prepayments

376

2,903

22,669

18,575

6.

Creditors: amounts falling due within one year

2024

2023

£

£

Bank loans and overdrafts

2,000

2,298

Trade creditors

6,629

2,974

Tax

4,908

5,154

Other creditors

530

899

Deferred income

140

520

Accrued expenses

1,920

1,947

16,127

13,792

7.

Creditors: amounts falling due after more than one year

2024

2023

£

£

Bank loans - 1-2 years

1,000

2,000

Bank loans - 2-5 years

-

1,000

1,000

3,000

8.	Provisions for liabilities

2024

2023

£

£

Deferred tax

Accelerated capital allowances

34

84

Deferred

tax

£

Balance at 1 January 2024

84

Credit to Income Statement during year

(50

)

Balance at 31 December 2024

34

9.	Director's advances, credits and guarantees

The following advances and credits to a director subsisted during the years ended 31 December 2024 and 31 December 2023:

2024

2023

£

£

J Yeates

Balance outstanding at start of year

(15,464

)

(10,451

)

Amounts advanced

(25,126

)

(23,025

)

Amounts repaid

19,792

18,012

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(20,798

)

(15,464

)

10.	Related party disclosures

The company director, Mr J Yeates, is also a director of Capture The Moment Limited, a company registered in the UK. At the year end Jeremy Yeates Limited was owed £208 (2023 - £208) from Capture the Moment Limited.