Company Registration No. 07757089 (England and Wales)
Yoke Ltd
Unaudited accounts
for the year ended 31 December 2024
Yoke Ltd
Unaudited accounts
Contents
Yoke Ltd
Statement of financial position
as at 31 December 2024
Tangible assets
13,937
17,346
Cash at bank and in hand
38,972
52,502
Creditors: amounts falling due within one year
(74,495)
(49,956)
Net current assets
8,338
5,366
Total assets less current liabilities
22,275
22,712
Provisions for liabilities
Deferred tax
(3,013)
(3,643)
Called up share capital
100
100
Profit and loss account
19,162
18,969
Shareholders' funds
19,262
19,069
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. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 26 September 2025 and were signed on its behalf by
James John Bigford
Director
Company Registration No. 07757089
Yoke Ltd
Notes to the Accounts
for the year ended 31 December 2024
Yoke Ltd is a private company, limited by shares, registered in England and Wales, registration number 07757089. The registered office is Unit M.04 Motorworks, Butts Hill, Frome, BA11 1HS, England.
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Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% Reducing Balance
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Income tax represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the period. Taxable profit differs from profit as reported in the income statement because of items of income or expense that are taxable or deductible in other periods and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Yoke Ltd
Notes to the Accounts
for the year ended 31 December 2024
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Expenditure on research and development is written off in the year in which it is incurred.
The directors have considered the company's position and its ability to continue as a going concern for a period of at least 12 months from the date of approval of these financial statements.
The company has been experiencing difficult trading conditions which has placed pressure on its cash flow and profitability. However, early in 2025 a new strategy was created to re-focus on a different client base and a new website was also created to reflect this. This energy and investment is reaping rewards and there are also multiple marketing initiatives in motion building up the company's reputation in this sector.
Based on this assessment, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, the financial statements have been prepared on a going concern basis
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Tangible fixed assets
Total
At 31 December 2024
39,571
At 31 December 2024
25,634
At 31 December 2024
13,937
At 31 December 2023
17,346
Yoke Ltd
Notes to the Accounts
for the year ended 31 December 2024
5
Operating lease commitments
2024
2023
At 31 December 2024 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Not later than one year
14,400
21,600
Later than one year and not later than five years
-
14,400
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
This loan was interest free and repaid on 28 May 2025.
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Average number of employees
During the year the average number of employees was 5 (2023: 5).