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Registered number: 12105976
Yghp Limited
Unaudited Financial Statements
For the Period 1 August 2023 to 31 December 2024
CJM Associates
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 12105976
31 December 2024 31 July 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 366,771 332,526
366,771 332,526
CURRENT ASSETS
Stocks 5 1,145,156 742,156
Debtors 6 359,349 769,191
Cash at bank and in hand 30,658 223,590
1,535,163 1,734,937
Creditors: Amounts Falling Due Within One Year 7 (1,654,455 ) (1,582,279 )
NET CURRENT ASSETS (LIABILITIES) (119,292 ) 152,658
TOTAL ASSETS LESS CURRENT LIABILITIES 247,479 485,184
Creditors: Amounts Falling Due After More Than One Year 8 (236,995 ) (179,719 )
PROVISIONS FOR LIABILITIES
Deferred Taxation 10 (8,318 ) (12,754 )
NET ASSETS 2,166 292,711
CAPITAL AND RESERVES
Called up share capital 12 300 300
Profit and Loss Account 1,866 292,411
SHAREHOLDERS' FUNDS 2,166 292,711
Page 1
Page 2
For the period 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Andrew Yates
Director
29/09/2025
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Yghp Limited is a private company, limited by shares, incorporated in England & Wales, registered number 12105976 . The registered office is Unit 9 Hemlock Park, Cannock, Staffordshire, WS11 7FB.
The presentation currency of the financial statements is Pound Sterling (£)
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. 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. 
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Leasehold Not depreciated
Plant & Machinery 25% on reducing balance
Motor Vehicles 25% on reducing balance
Fixtures & Fittings 10% and 25% on reducing balance
Computer Equipment 25% on cost
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.6. Foreign Currencies
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 rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
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2.7. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years 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.
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.
2.8. Government Grant
Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.
Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.
Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the profit and loss account over the useful life of the asset concerned.
All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.
3. Average Number of Employees
Average number of employees, including directors, during the period was: 14 (2023: 14)
14 14
4. Tangible Assets
Land & Property
Leasehold Plant & Machinery Motor Vehicles Fixtures & Fittings
£ £ £ £
Cost
As at 1 August 2023 33,000 5,601 302,625 71,201
Additions - - 143,821 807
Disposals - - (19,990 ) -
As at 31 December 2024 33,000 5,601 426,456 72,008
Depreciation
As at 1 August 2023 - 2,559 59,886 27,677
Provided during the period - 760 94,318 11,083
Disposals - - (10,702 ) -
As at 31 December 2024 - 3,319 143,502 38,760
Net Book Value
As at 31 December 2024 33,000 2,282 282,954 33,248
As at 1 August 2023 33,000 3,042 242,739 43,524
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Computer Equipment Total
£ £
Cost
As at 1 August 2023 45,235 457,662
Additions 13,348 157,976
Disposals - (19,990 )
As at 31 December 2024 58,583 595,648
Depreciation
As at 1 August 2023 35,014 125,136
Provided during the period 8,282 114,443
Disposals - (10,702 )
As at 31 December 2024 43,296 228,877
Net Book Value
As at 31 December 2024 15,287 366,771
As at 1 August 2023 10,221 332,526
5. Stocks
31 December 2024 31 July 2023
£ £
Stock 1,145,156 742,156
6. Debtors
31 December 2024 31 July 2023
£ £
Due within one year
Trade debtors 126,815 548,150
Amounts owed by participating interests 215,914 178,978
Other debtors 16,620 42,063
359,349 769,191
7. Creditors: Amounts Falling Due Within One Year
31 December 2024 31 July 2023
£ £
Net obligations under finance lease and hire purchase contracts 59,950 71,377
Trade creditors 600,613 943,282
Bank loans and overdrafts 254,000 74,007
Amounts owed to participating interests - 348
Other creditors 221,727 89,858
Taxation and social security 518,165 403,407
1,654,455 1,582,279
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8. Creditors: Amounts Falling Due After More Than One Year
31 December 2024 31 July 2023
£ £
Net obligations under finance lease and hire purchase contracts 231,161 161,386
Bank loans 5,834 18,333
236,995 179,719
9. Obligations Under Finance Leases and Hire Purchase
31 December 2024 31 July 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 59,950 86,061
Later than one year and not later than five years 231,161 194,689
291,111 280,750
Less: Finance charges allocated to future periods - 47,987
291,111 232,763
10. Deferred Taxation
The provision for deferred tax is made up as follows:
31 December 2024 31 July 2023
£ £
Other timing differences 8,318 12,754
11. Provisions for Liabilities
Deferred Tax Total
£ £
As at 1 August 2023 12,754 12,754
Deferred taxation (4,436 ) (4,436 )
Balance at 31 December 2024 8,318 8,318
12. Share Capital
31 December 2024 31 July 2023
£ £
Allotted, Called up and fully paid 300 300
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