REGISTERED NUMBER: 08137468 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

YM BUSINESS RECOVERY LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr I D Yerrill

Mr D J Murphy

REGISTERED OFFICE:

4 Kings Row

Armstrong Road

Maidstone

Kent

ME15 6AQ

REGISTERED NUMBER:

08137468 (England and Wales)

ACCOUNTANTS:

Xeinadin Isle of Wight

1 Langley Court

Pyle Street

Newport

Isle of Wight

PO30 1LA

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

6,692

7,577

6,692

7,577

CURRENT ASSETS

Debtors

6

87,136

107,099

Prepayments and accrued income

2,890

2,989

Cash at bank and in hand

74,342

45,103

164,368

155,191

CREDITORS

Amounts falling due within one year

7

127,985

118,085

NET CURRENT ASSETS

36,383

37,106

TOTAL ASSETS LESS CURRENT LIABILITIES

43,075

44,683

CREDITORS

Amounts falling due after more than one year

8

(1,666

)

(11,663

)

PROVISIONS FOR LIABILITIES

9

(1,346

)

(1,182

)

NET ASSETS

40,063

31,838

CAPITAL AND RESERVES

Called up share capital

10

100

100

Retained earnings

39,963

31,738

SHAREHOLDERS' FUNDS

40,063

31,838

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 11 December 2025 and were signed on its behalf by:

Mr I D Yerrill - Director

1.	STATUTORY INFORMATION

YM Business Recovery Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

The goodwill acquired in 2013 and 2014 have been fully amortised over their useful economic life of five years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer equipment

-

25% on reducing balance

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2024 - 8 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

and 31 March 2025

428,500

AMORTISATION

At 1 April 2024

and 31 March 2025

428,500

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

-

The company acquired 98% of the goodwill of Yerrill Murphy LLP for £416,500 on 10th July 2012 and the remaining 2% for £12,000 on 31st March 2014. The acquisition value was considered by the directors to be at open market value and was based upon a multiple of one times recurring fee income; a valuation method generally accepted for a professional practice.

5.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1 April 2024

13,482

Additions

1,137

At 31 March 2025

14,619

DEPRECIATION

At 1 April 2024

5,905

Charge for year

2,022

At 31 March 2025

7,927

NET BOOK VALUE

At 31 March 2025

6,692

At 31 March 2024

7,577

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors and work in progress

86,227

106,190

Other debtors

909

909

87,136

107,099

Other debtors consists of a rental deposit.

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

9,994

9,997

Trade creditors

3,603

3,400

Amounts owed to group undertakings

61,020

61,020

Tax

34,460

29,786

Social security and other taxes

993

691

VAT

17,021

11,803

Other creditors

495

388

Directors' current accounts

119

720

Accrued expenses

280

280

127,985

118,085

Other creditors consists of amount due on account of pension contributions..

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans - 1-2 years

1,666

9,997

Bank loans - 2-5 years

-

1,666

1,666

11,663

9.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax

Accelerated capital allowances

1,346

1,182

Deferred tax

£

Balance at 1 April 2024

1,182

Provided during year

164

Balance at 31 March 2025

1,346

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

50

Ordinary A

£1

50

50

50

Ordinary B

£1

50

50

100

100

11.	RELATED PARTY DISCLOSURES

The amounts owed to group undertakings consists of the following:

- An amount owed to Yerrill Business Recovery Limited; a company controlled by Ian Yerrill who is a company director; amounting to £30,510 (2024: £30,510)

- An amount owed to Murphy Business Recovery Limited; a company controlled by David Murphy who is a company director; amounting to £30,510 (2024: £30,510)

Yerrill Business Recovery Limited owns 50% of the company's share capital in YM Business Recovery Limited, by way of holding all of the ordinary A shares. Murphy Business Recovery Limited owns the remaining 50% of the company's share capital in YM Business Recovery Limited, by way of holding all of the ordinary B shares

12.	ULTIMATE CONTROLLING PARTY

The ultimate controlling parties are Mr I Yerrill and Mr D Murphy by virtue of their controlling interests in Yerrill Business Recovery Limited and Murphy Business Recovery Limited respectively.