Yexcom Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 05073866

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		4,408		619
Tangible Assets	5		34,185		1,503

			38,593		2,122
CURRENT ASSETS
Debtors	6	3,803		1,607
Cash at bank and in hand		18,302		10,621

		22,105		12,228
Creditors: Amounts Falling Due Within One Year	7	(11,652 )		(8,899 )

NET CURRENT ASSETS (LIABILITIES)			10,453		3,329

TOTAL ASSETS LESS CURRENT LIABILITIES			49,046		5,451

Creditors: Amounts Falling Due After More Than One Year	8		(27,017 )		-

NET ASSETS			22,029		5,451

CAPITAL AND RESERVES
Called up share capital	10		2		2
Profit and Loss Account			22,027		5,449

SHAREHOLDERS' FUNDS			22,029		5,451

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Yexcom Limited

Balance Sheet (continued)

As At 28 February 2025

For the year ending 28 February 2025 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 Keith Yexley

Director

13/10/2025

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Yexcom Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05073866 . The registered office is Staple House 5, Eleanors Cross, Dunstable, Bedfordshire, England, LU6 1SU.

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. Going Concern Disclosure

At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existance for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

2.3. 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. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.4. Intangible Fixed Assets and Amortisation - Other Intangible

Other intangible assets are franchisee fees It is amortised to the profit and loss account over its estimated economic life of 5 years.

2.5. 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:

Plant & Machinery	25% Reducing balance
Motor Vehicles	25% Reducing balance

2.6. 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.

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Yexcom Limited

Notes to the Financial Statements (continued)

For The Year Ended 28 February 2025

2.7. Taxation

A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

2.8. Debtors

Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

2.9. Creditors

Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 2 (2024: 2)

4. Intangible Assets

	Other
	£
Cost
As at 1 March 2024	10,200
Additions	4,128

As at 28 February 2025	14,328

Amortisation
As at 1 March 2024	9,581
Provided during the period	339

As at 28 February 2025	9,920

Net Book Value
As at 28 February 2025	4,408

As at 1 March 2024	619

5. Tangible Assets

	Plant & Machinery	Motor Vehicles	Total
	£	£	£
Cost
As at 1 March 2024	24,362	-	24,362
Additions	1,759	32,050	33,809

As at 28 February 2025	26,121	32,050	58,171

...CONTINUED

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Yexcom Limited

Notes to the Financial Statements (continued)

For The Year Ended 28 February 2025

Depreciation
As at 1 March 2024	22,859	-	22,859
Provided during the period	460	667	1,127

As at 28 February 2025	23,319	667	23,986

Net Book Value
As at 28 February 2025	2,802	31,383	34,185

As at 1 March 2024	1,503	-	1,503

6. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	3,677	1,518
Other debtors	126	89

	3,803	1,607

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	5,033	-
Trade creditors	2,303	473
Taxation and social security	4,316	8,426

	11,652	8,899

8. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	27,017	-

9. Obligations Under Finance Leases and Hire Purchase

	2025	2024
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	5,033	-
Later than one year and not later than five years	27,017	-

	32,050	-

	32,050	-

10. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	2	2

11. Reserves

The Profit and Loss account comprises all current and prior period retained profit and losses after deducting any distributions made to the company's shareholder. This is a distributable reserve.

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