Countryside Commercials (Yorkshire) Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 11639400

COUNTRYSIDE COMMERCIALS (YORKSHIRE) LIMITED

FILLETED UNAUDITED FINANCIAL STATEMENTS

31 December 2024

COUNTRYSIDE COMMERCIALS (YORKSHIRE) LIMITED

STATEMENT OF FINANCIAL POSITION

31 December 2024

	2024		2023
Note	£	£	£	£

FIXED ASSETS

Tangible assets	5		125,028		46,789

CURRENT ASSETS

Stocks		582,113	565,225
Debtors	6	21,887	21,065
Cash at bank and in hand		129,900	178,993
		----------	----------
		733,900	765,283

CREDITORS: amounts falling due within one year	7	115,587		138,866
		----------		----------
NET CURRENT ASSETS			618,313		626,417
			----------		----------
TOTAL ASSETS LESS CURRENT LIABILITIES			743,341		673,206

CREDITORS: amounts falling due after more than one year	8		56,924		14,735

PROVISIONS

Taxation including deferred tax	9	2,645	3,365
		----------	----------
NET ASSETS		683,772	655,106
		----------	----------

COUNTRYSIDE COMMERCIALS (YORKSHIRE) LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

31 December 2024

	2024		2023
Note	£	£	£	£

CAPITAL AND RESERVES

Called up share capital	11	1	1
Profit and loss account		683,771	655,105
		----------	----------
SHAREHOLDERS FUNDS		683,772	655,106
		----------	----------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

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.

Director's responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements were approved by the board of directors and authorised for issue on 26 September 2025 , and are signed on behalf of the board by:

Mr A Kilner
Director

Company registration number: 11639400

COUNTRYSIDE COMMERCIALS (YORKSHIRE) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 DECEMBER 2024

1. GENERAL INFORMATION

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Equitable House, 55 Pellon Lane, Halifax, HX1 5SP.

2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. ACCOUNTING POLICIES

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. There are not considered to be any judgements or accounting estimates or assumptions that have a significant impact on the financial statements.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.

Current and deferred tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Alterations to leasehold property	-	10% straight line
Motor vehicles	-	25% reducing balance
Equipment	-	20% reducing balance

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Finance leases and hire purchase contracts

Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

Financial instruments

The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

4. EMPLOYEE NUMBERS

The average number of persons employed by the company during the year amounted to 1 (2023: 1 ).

5. TANGIBLE ASSETS

	Alterations to leasehold property	Motor vehicles	Equipment	Total
	£	£	£	£
Cost
At 1 January 2024	30,442	14,630	33,644	78,716
Additions	65,520	–	26,600	92,120
	---------	---------	---------	----------
At 31 December 2024	95,962	14,630	60,244	170,836
	---------	---------	---------	----------
Depreciation
At 1 January 2024	4,084	10,630	17,213	31,927
Charge for the year	9,596	999	3,286	13,881
	---------	---------	---------	----------
At 31 December 2024	13,680	11,629	20,499	45,808
	---------	---------	---------	----------
Carrying amount
At 31 December 2024	82,282	3,001	39,745	125,028
	---------	---------	---------	----------
At 31 December 2023	26,358	4,000	16,431	46,789
	---------	---------	---------	----------

6. DEBTORS

	2024	2023
	£	£
Trade debtors	21,744	20,948
Prepayments and accrued income	143	117
	---------	---------
	21,887	21,065
	---------	---------

7. CREDITORS: amounts falling due within one year

	2024	2023
	£	£
Bank loans and overdrafts	10,000	10,000
Trade creditors	41,918	30,425
Accruals and deferred income	4,995	9,484
Corporation tax	21,317	30,623
Social security and other taxes	32,110	25,142
Obligations under finance leases and hire purchase contracts	3,768	–
Director loan accounts	1,136	33,192
Other creditors	343	–
	----------	----------
	115,587	138,866
	----------	----------

The following liabilities disclosed under creditors falling due within one year are secured by the company :

	2024	2023
	£
Obligations under finance leases and hire purchase contracts	3,768	–
	-------	----

8. CREDITORS: amounts falling due after more than one year

	2024	2023
	£	£
Bank loans and overdrafts	4,762	14,735
Obligations under finance leases and hire purchase contracts	52,162	–
	---------	---------
	56,924	14,735
	---------	---------

The following liabilities disclosed under creditors falling due after more than one year are secured by the company :

	2024	2023
	£	£
Obligations under finance leases and hire purchase contracts	52,162	-
	---------	----

9. PROVISIONS

	Deferred tax (note 10)
	£
At 1 January 2024	3,365
Charge against provision	( 720)
	-------
At 31 December 2024	2,645
	-------

10. DEFERRED TAX

The deferred tax included in the statement of financial position is as follows:

	2024	2023
	£	£
Included in provisions (note 9)	2,645	3,365
	-------	-------

The deferred tax account consists of the tax effect of timing differences in respect of:

	2024	2023
	£	£
Accelerated capital allowances	2,645	3,365
	-------	-------

11. CALLED UP SHARE CAPITAL

Issued, called up and fully paid

	2024		2023
	No.	£	No.	£
Ordinary shares of £ 1 each	1	1	1	1
	----	----	----	----

12. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The director's loan account was in credit throughout the year. The loan is repayable on demand and no interest is charged .