REGISTERED NUMBER: 10370635 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 MARCH 2024 TO 31 MARCH 2025

FOR

THE YORKSHIRE CANDLE COMPANY LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

J P McKennan

REGISTERED OFFICE:

10 Rushley Drive

Sheffield

South Yorkshire

S17 3EN

REGISTERED NUMBER:

10370635 (England and Wales)

ACCOUNTANTS:

Marriott Gibbs Rees Wallis Limited

Chartered Certified Accountants

First Floor

Unit 4, Broadfield Court

Sheffield

South Yorkshire

S8 0XF

FIXED ASSETS

Intangible assets

4

11,571

749

Tangible assets

5

45,067

14,960

56,638

15,709

CURRENT ASSETS

Stocks

26,500

25,000

Debtors

6

32,613

48,766

Cash at bank and in hand

87,729

188,177

146,842

261,943

CREDITORS

Amounts falling due within one year

7

117,058

157,962

NET CURRENT ASSETS

29,784

103,981

TOTAL ASSETS LESS CURRENT LIABILITIES

86,422

119,690

CREDITORS

Amounts falling due after more than one year

8

-

(1,526

)

PROVISIONS FOR LIABILITIES

(14,159

)

(3,740

)

NET ASSETS

72,263

114,424

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

72,262

114,423

72,263

114,424

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 17 December 2025 and were signed by:

J P McKennan - Director

1.	STATUTORY INFORMATION

The Yorkshire Candle Company 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

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.

Computer software is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets

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

Plant and machinery

-

20% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the period comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 period was 7 (2024 - 7 ) .

4.	INTANGIBLE FIXED ASSETS

Computer

software

£

COST

At 1 March 2024

1,300

Additions

12,723

At 31 March 2025

14,023

AMORTISATION

At 1 March 2024

551

Amortisation for period

1,901

At 31 March 2025

2,452

NET BOOK VALUE

At 31 March 2025

11,571

At 29 February 2024

749

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

machinery

fittings

Totals

£

£

£

COST

At 1 March 2024

15,707

3,140

18,847

Additions

26,512

12,025

38,537

At 31 March 2025

42,219

15,165

57,384

DEPRECIATION

At 1 March 2024

2,491

1,396

3,887

Charge for period

7,122

1,308

8,430

At 31 March 2025

9,613

2,704

12,317

NET BOOK VALUE

At 31 March 2025

32,606

12,461

45,067

At 29 February 2024

13,216

1,744

14,960

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

18,824

27,585

Other debtors

13,789

21,181

32,613

48,766

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Hire purchase contracts

1,144

4,578

Trade creditors

-

2

Taxation and social security

30,076

55,527

Other creditors

85,838

97,855

117,058

157,962

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Hire purchase contracts

-

1,526

9.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Hire purchase contracts

1,144

6,104

10.	RELATED PARTY DISCLOSURES

Mr J P McKennan - director

During the period Mr J P McKennan provided the company with an unsecured interest free loan. At the balance sheet date the company owed £69,678 (2024 £96,832).

JPM Financial Holdings Ltd - A company controlled by the director.

The company has given a debenture over it's assets to National Westminster Bank plc as guarantee in support of a mortgage held by JPM Financial Holdings Ltd. At the balance sheet date, the amount outstanding was £258,620.

Rent of £32,110 was charged by JPM Financial Holdings Ltd during the period for the use of its property. At the balance sheet date the company owed rent of £14,377.