REGISTERED NUMBER: SC147900 (Scotland)

Financial Statements

for the Year Ended 31 December 2024

for

Yeppoon Limited

T/A

Paul Hodgkiss Design

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

P Hodgkiss

Mrs E Capaldi

K L Mitchell

SECRETARY:

Mrs E Capaldi

REGISTERED OFFICE:

200 Clarkston Road

Glasgow

G44 3DN

REGISTERED NUMBER:

SC147900 (Scotland)

ACCOUNTANTS:

O'Haras Chartered Accountants

Radleigh House

1 Golf Road

Clarkston

Glasgow

G76 7HU

FIXED ASSETS

Property, plant and equipment

3

246,193

223,053

CURRENT ASSETS

Inventories

2,000

3,000

Debtors

4

34,818

92,412

Cash at bank

11,787

10,956

48,605

106,368

CREDITORS

Amounts falling due within one year

5

72,846

47,202

NET CURRENT (LIABILITIES)/ASSETS

(24,241

)

59,166

TOTAL ASSETS LESS CURRENT LIABILITIES

221,952

282,219

CREDITORS

Amounts falling due after more than one year

6

(51,941

)

(29,283

)

PROVISIONS FOR LIABILITIES

(31,594

)

(55,763

)

NET ASSETS

138,417

197,173

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

138,317

197,073

SHAREHOLDERS' FUNDS

138,417

197,173

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 directors acknowledge their 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 Board of Directors and authorised for issue on 25 September 2025 and were signed on its behalf by:

P Hodgkiss - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

Going concern

The directors continue to be satisfied that the company has adequate resources to continue in operation for the next 12 months. Consequently, the directors consider it appropriate to prepare the financial statements on a going concern basis.

Revenue

Turnover represents the amounts derived from the provision of goods and services, excluding value added tax and trade discounts.

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.

Property Improvements

-

2% on cost

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Office equipment

-

25% on reducing balance

Inventories

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

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

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.

Debtors

Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Creditors

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

2.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - 6 ).

3.	PROPERTY, PLANT AND EQUIPMENT

Fixtures

Property

Plant and

and

Improvements

machinery

fittings

£

£

£

COST

At 1 January 2024

177,289

158,580

4,108

Additions

-

40,814

-

At 31 December 2024

177,289

199,394

4,108

DEPRECIATION

At 1 January 2024

76,788

47,286

513

Charge for year

3,546

16,837

450

At 31 December 2024

80,334

64,123

963

NET BOOK VALUE

At 31 December 2024

96,955

135,271

3,145

At 31 December 2023

100,501

111,294

3,595

Motor

Office

vehicles

equipment

Totals

£

£

£

COST

At 1 January 2024

18,900

17,139

376,016

Additions

-

7,977

48,791

At 31 December 2024

18,900

25,116

424,807

DEPRECIATION

At 1 January 2024

17,008

11,368

152,963

Charge for year

473

4,345

25,651

At 31 December 2024

17,481

15,713

178,614

NET BOOK VALUE

At 31 December 2024

1,419

9,403

246,193

At 31 December 2023

1,892

5,771

223,053

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

20,249

92,134

Other debtors

819

278

Directors' current accounts

13,750

-

34,818

92,412

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

5,500

5,324

Hire purchase contracts

6,075

-

Trade creditors

34,917

9,657

Tax

-

1,372

Social security and other taxes

6,297

6,426

VAT

8,120

4,270

Other creditors

-

11,244

Credit card

5,174

2,366

Accrued expenses

6,763

6,543

72,846

47,202

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans - 2-5 years

23,783

29,283

Hire purchase contracts

28,158

-

51,941

29,283