REGISTERED NUMBER: 11243290 (England and Wales)

Financial Statements

for the Year Ended 31 March 2025

for

THE YORKSHIRE CHAIR LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

R M Gallagher

B P Gallagher

J Ward

REGISTERED OFFICE:

4 Stanage Lane

Halifax

HX3 7PR

REGISTERED NUMBER:

11243290 (England and Wales)

ACCOUNTANTS:

Rawse, Varley & Co

Chartered Accountants

Lloyds Bank Chambers

Hustlergate

Bradford

BD1 1UQ

FIXED ASSETS

Tangible assets

4

47,714

58,171

CURRENT ASSETS

Stock

3,555

2,000

Debtors

5

5,345

-

Cash at bank and in hand

4,617

24,009

13,517

26,009

CREDITORS

Amounts falling due within one year

6

45,974

58,958

NET CURRENT LIABILITIES

(32,457

)

(32,949

)

TOTAL ASSETS LESS CURRENT LIABILITIES

15,257

25,222

CREDITORS

Amounts falling due after more than one year

7

(8,608

)

(10,845

)

PROVISIONS FOR LIABILITIES

(4,876

)

(6,015

)

NET ASSETS

1,773

8,362

CAPITAL AND RESERVES

Called up share capital

4

4

Retained earnings

1,769

8,358

SHAREHOLDERS' FUNDS

1,773

8,362

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 31 December 2025 and were signed on its behalf by:

R M Gallagher - Director

1.	STATUTORY INFORMATION

The Yorkshire Chair Ltd 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 represents the fair value of consideration receivable for the sale of goods and services for the period.

Tangible fixed assets

Tangible fixed assets are stated at cost less accumulated depreciation.

Depreciation is calculated to write off the assets over their estimated useful lives at the following rates:

Short leasehold property - over the lease term

Fittings and equipment - 20% of cost

Motor vehicles - 20% of cost

Stock

Stock is stated at the lower of cost and estimated net realisable value.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 year 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

Assets held under hire purchase and similar agreements are capitalised as tangible fixed assets and the corresponding liability to pay rentals is shown net of finance charges as hire purchase obligations. The finance charge element of rentals is allocated so as to produce a constant periodic rate of charge on the remaining balance of obligations for each accounting period.

Rentals payable under operating leases are charged to profit and loss account in the period to which they relate.

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 3 (2024 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Short

and

Motor

leasehold

fittings

vehicles

Totals

£

£

£

£

COST

At 1 April 2024

and 31 March 2025

29,191

33,384

4,300

66,875

DEPRECIATION

At 1 April 2024

2,189

3,935

2,580

8,704

Charge for year

2,919

6,678

860

10,457

At 31 March 2025

5,108

10,613

3,440

19,161

NET BOOK VALUE

At 31 March 2025

24,083

22,771

860

47,714

At 31 March 2024

27,002

29,449

1,720

58,171

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other debtors

5,345

-

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Finance leases (see note 8)

3,694

3,694

Taxation and social security

6,704

1,219

Other creditors

35,576

54,045

45,974

58,958

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Finance leases (see note 8)

8,608

10,845

8.	LEASING AGREEMENTS

Minimum lease payments under finance leases fall due as follows:

Finance leases

2025

2024

£

£

Net obligations repayable:

Within one year

3,694

3,694

Between one and five years

8,608

10,845

12,302

14,539

Non-cancellable operating lease commitments due within one year amounted to £13,047 (2024 - £13,047), amounts due between one and five years from the balance sheet date were £52,188 (2024 - £52,188) and amounts due after five years from the balance sheet date were £42,403 (2024 - £55,450). Operating lease commitments relate principally to a property lease.