Company registration number 06350372 (England and Wales)
YORKSHIRE STAINLESS SPECIALIST LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2025
PAGES FOR FILING WITH REGISTRAR
YORKSHIRE STAINLESS SPECIALIST LIMITED
CONTENTS
Page
Statement of financial position
1 - 2
Notes to the financial statements
3 - 5
Yorkshire Stainless Specialist Limited
YORKSHIRE STAINLESS SPECIALIST LIMITED
Statement Of Financial Position
as at 28 February 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
3
644,473
667,277
Current assets
Stocks
11,700
14,328
Debtors
4
475,063
509,929
Cash at bank and in hand
14,766
26,876
501,529
551,133
Creditors: amounts falling due within one year
5
(753,714)
(634,587)
Net current liabilities
(252,185)
(83,454)
Total assets less current liabilities
392,288
583,823
Creditors: amounts falling due after more than one year
6
(50,691)
(64,063)
Provisions for liabilities
7
(141,693)
(128,877)
Net assets
199,904
390,883
Capital and reserves
Called up share capital
1
1
Profit and loss reserves
199,903
390,882
Total equity
199,904
390,883

The director of the company has elected not to include a copy of the income statement within the financial statements.true

For the financial year ended 28 February 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

T he member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

Yorkshire Stainless Specialist Limited
YORKSHIRE STAINLESS SPECIALIST LIMITED
Statement Of Financial Position (CONTINUED)
as at 28 February 2025
- 2 -
The financial statements were approved and signed by the director and authorised for issue on 14 August 2025
D Brown
Director
Company registration number 06350372 (England and Wales)
Yorkshire Stainless Specialist Limited
YORKSHIRE STAINLESS SPECIALIST LIMITED
Notes to the Financial Statements
for the year ended 28 February 2025
- 3 -
1
Accounting policies
Company information

Yorkshire Stainless Specialist Limited is a private company limited by shares incorporated in England and Wales. The registered office is C/O YSS Ltd, Station Road, Halifax, West Yorkshire, HX2 9AY.

Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

Turnover

Turnover represents the fair value of the consideration receivable for goods provided in the normal course of business, and is shown net of VAT. Turnover is recognised on supply of goods.

Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost less depreciation.

Depreciation is recognised so as to write off the cost of assets less their residual values over their useful lives on the following bases:

Plant and machinery
10% Reducing balance basis
Fixtures, fittings & equipment
20% Reducing balance basis
Motor vehicles
25% Reducing balance basis

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes 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 reporting end date.

Yorkshire Stainless Specialist Limited
YORKSHIRE STAINLESS SPECIALIST LIMITED
Notes to the Financial Statements (CONTINUED)
for the year ended 28 February 2025
1
Accounting policies
(Continued)
- 4 -
Deferred tax

Deferred tax is recognised on all timing differences between the carrying amount of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. 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 be recorded. 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 that have been enacted by the end of the reporting period.

Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
38
38
3
Tangible fixed assets
Plant and machinery
Fixtures, fittings & equipment
Motor vehicles
Total
£
£
£
£
Cost
At 1 March 2024
1,524,978
6,597
105,242
1,636,817
Additions
-
0
-
0
61,325
61,325
At 28 February 2025
1,524,978
6,597
166,567
1,698,142
Depreciation and impairment
At 1 March 2024
903,475
6,208
59,857
969,540
Depreciation charged in the year
62,150
78
21,901
84,129
At 28 February 2025
965,625
6,286
81,758
1,053,669
Carrying amount
At 28 February 2025
559,353
311
84,809
644,473
At 29 February 2024
621,503
389
45,385
667,277
Yorkshire Stainless Specialist Limited
YORKSHIRE STAINLESS SPECIALIST LIMITED
Notes to the Financial Statements (CONTINUED)
for the year ended 28 February 2025
- 5 -
4
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
442,664
481,860
Corporation tax recoverable
7,843
-
0
Other debtors
21,159
24,887
Prepayments and accrued income
3,397
3,182
475,063
509,929
5
Creditors: amounts falling due within one year
2025
2024
£
£
Invoice factoring
248,526
58,407
Obligations under finance leases
57,527
137,470
Trade creditors
360,247
247,067
Corporation tax
-
0
53,713
Other taxation and social security
67,770
109,291
Other creditors
9,532
16,986
Accruals and deferred income
10,112
11,653
753,714
634,587

Invoice factoring is secured on the book debt of the company. The finance lease obligations are secured against the assets to which they relate.

6
Creditors: amounts falling due after more than one year
2025
2024
£
£
Obligations under finance leases
50,691
64,063

Invoice factoring is secured on the book debt of the company. The finance lease obligations are secured against the assets to which they relate.

7
Provisions for liabilities
2025
2024
£
£
Deferred tax liabilities
141,693
128,877
8
Parent company

Yorkshire Stainless Specialist Limited is controlled by its parent company, J L (Holdings) Ltd, a company registered in England and Wales, whose registered office is YSS Ltd, Station Road, Halifax, HX2 9AY

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