ACCOUNTS - Final Accounts preparation

Registered number: 13789775

YORSTOX LIMITED

UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

YORSTOX LIMITED

REGISTERED NUMBER: 13789775

BALANCE SHEET

AS AT 31 DECEMBER 2024

		2024		2023
Note		£		£

Fixed assets
Tangible assets	4		14,732		12,855
Current assets
Debtors: amounts falling due within one year	5	18,889		46,350
Cash at bank and in hand		74,357		53,010
		93,246		99,360
Creditors: amounts falling due within one year	6	(107,161)		(124,387)
Net current liabilities			(13,915)		(25,027)
Total assets less current liabilities			817		(12,172)
Provisions for liabilities
Deferred tax	7		(515)		-
Net assets/(liabilities)			302		(12,172)

Capital and reserves
Called up share capital	1	1
Profit and loss account	301	(12,173)
	302	(12,172)

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YORSTOX LIMITED

REGISTERED NUMBER: 13789775

BALANCE SHEET (CONTINUED)

AS AT 31 DECEMBER 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 22 September 2025.

R R Andrew

Director

The notes on pages 3 to 7 form part of these financial statements.

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YORSTOX LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

1.	General information

YorStox Limited is a private company limited by shares, incorporated in England and Wales (registered number: 13789775). Its registered office is Anchor Garage, Tideswell, Buxton, Derbyshire, SK17 8RB. The principal activity of the Company throughout the year was that of running motor sports shows.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the Company's accounting policies.

The Company's functional and presentation current is pounds sterling.

The following principal accounting policies have been applied:

2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:

∙the Company has transferred the significant risks and rewards of ownership to the buyer;

∙the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;

∙the amount of revenue can be measured reliably;

∙it is probable that the Company will receive the consideration due under the transaction; and

∙the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

∙the amount of revenue can be measured reliably;

∙it is probable that the Company will receive the consideration due under the contract;

∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and

∙the costs incurred and the costs to complete the contract can be measured reliably.

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YORSTOX LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

2.3

Current and deferred taxation

Tax is recognised in the Profit and Loss Account.
The current tax charge is calculated on the basis of tax rates and laws that have been enacted or
substantively enacted by the Balance Sheet date in the countries where the Company operates and
generates income.
Deferred tax balances are recognised in respect of all timing differences that have originated but not
reversed by the Balance Sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be
recovered against the reversal of deferred tax liabilities or other future taxable profits; and any
deferred tax balances are reversed if and when all conditions for retaining associated tax
allowances have been met.

2.4

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, as follows:

Depreciation is provided on the following basis:

Plant and machinery	-	10%	Reducing balance
Motor vehicles	-	15%	Reducing balance
Computer equipment	-	25%	Reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the Statement of Income and Retained Earnings

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YORSTOX LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

2.5

Financial instruments

The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities such as bank and cash balances, trade and other accounts receivable and payable, loans from banks and other third parties and loans to and from related parties.
Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at the transaction price and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade payables or receivables, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, the financial asset or liability is measured, initially, at the present value of the future cash flow discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost.
Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously

Employees

The average monthly number of employees, including directors, during the year was 4 (2023 - 2).

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YORSTOX LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

4.	Tangible fixed assets

	Plant and machinery	Motor vehicles	Computer equipment	Total
	£	£	£	£
Cost or valuation
At 1 January 2024	11,583	2,995	997	15,575
Additions	3,410	-	221	3,631
At 31 December 2024	14,993	2,995	1,218	19,206
Depreciation
At 1 January 2024	1,859	673	188	2,720
Charge for the year on owned assets	1,176	348	230	1,754
At 31 December 2024	3,035	1,021	418	4,474
Net book value
At 31 December 2024	11,958	1,974	800	14,732
At 31 December 2023	9,724	2,322	809	12,855

Debtors

					2024	2023
					£	£


Trade debtors	2,150	32,872
Other debtors	-	1,900
Prepayments and accrued income	16,739	8,752
Deferred taxation	-	2,826
	18,889	46,350

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YORSTOX LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

6.	Creditors: Amounts falling due within one year
		2024	2023
		£	£

Trade creditors	95,066	111,124
Amounts owed to related undertakings	2,412	-
Other taxation and social security	3,583	7,165
Other creditors	6,100	6,098
	107,161	124,387

7.	Deferred taxation

	2024	2023
	£	£

At beginning of year	(2,826)	1,482
Charged to Statement of Income and Retained Earnings	3,341	(4,308)
At end of year	515	(2,826)

The deferred taxation balance is made up as follows:
	2024	2023
	£	£

Fixed asset timing differences	2,799	2,442
Losses and other deductions	(2,284)	(5,268)
	515	(2,826)

8.	Controlling party

The controlling party of the company is Andrew and Robson Holdings Limited, a company registered in England and Wales.

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