Yorklands Limited 02691602 false 2024-06-01 2025-05-31 2025-05-31 The principal activity of the company is haulage contracting. Digita Accounts Production Advanced 6.30.9574.0 true 02691602 2024-06-01 2025-05-31 02691602 2025-05-31 02691602 bus:OrdinaryShareClass1 2025-05-31 02691602 core:CurrentFinancialInstruments 2025-05-31 02691602 core:CurrentFinancialInstruments core:WithinOneYear 2025-05-31 02691602 core:Non-currentFinancialInstruments 2025-05-31 02691602 core:Non-currentFinancialInstruments core:AfterOneYear 2025-05-31 02691602 core:MotorVehicles 2025-05-31 02691602 core:OtherPropertyPlantEquipment 2025-05-31 02691602 bus:SmallEntities 2024-06-01 2025-05-31 02691602 bus:AuditExemptWithAccountantsReport 2024-06-01 2025-05-31 02691602 bus:FullAccounts 2024-06-01 2025-05-31 02691602 bus:SmallCompaniesRegimeForAccounts 2024-06-01 2025-05-31 02691602 bus:RegisteredOffice 2024-06-01 2025-05-31 02691602 bus:Director1 2024-06-01 2025-05-31 02691602 bus:OrdinaryShareClass1 2024-06-01 2025-05-31 02691602 bus:PrivateLimitedCompanyLtd 2024-06-01 2025-05-31 02691602 bus:Agent1 2024-06-01 2025-05-31 02691602 core:MotorVehicles 2024-06-01 2025-05-31 02691602 core:OtherPropertyPlantEquipment 2024-06-01 2025-05-31 02691602 core:PlantMachinery 2024-06-01 2025-05-31 02691602 countries:EnglandWales 2024-06-01 2025-05-31 02691602 2024-05-31 02691602 core:MotorVehicles 2024-05-31 02691602 core:OtherPropertyPlantEquipment 2024-05-31 02691602 2023-06-01 2024-05-31 02691602 2024-05-31 02691602 bus:OrdinaryShareClass1 2024-05-31 02691602 core:CurrentFinancialInstruments 2024-05-31 02691602 core:CurrentFinancialInstruments core:WithinOneYear 2024-05-31 02691602 core:Non-currentFinancialInstruments 2024-05-31 02691602 core:Non-currentFinancialInstruments core:AfterOneYear 2024-05-31 02691602 core:MotorVehicles 2024-05-31 02691602 core:OtherPropertyPlantEquipment 2024-05-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 02691602

Yorklands Limited
Annual Report and Unaudited Financial Statements
for the Year Ended 31 May 2025

Abacus Accountants
21 Castlewood Avenue
Highweek
NEWTON ABBOT
Devon
TQ12 1NX

Contents

Company Information | 1
Accountants' Report | 2
Balance Sheet | 3
Notes to the Unaudited Financial Statements | 4 to 10

Company Information

Director | Mr Neil Stephen Woodley

Registered office | 5 Newtake Mount Twickenham Road Newtake NEWTON ABBOT Devon United Kingdom TQ12 4JD

Accountants | Abacus Business Management Limited 21 Castlewood Avenue Highweek NEWTON ABBOT Devon TQ12 1NX

Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Yorklands Limited
for the Year Ended 31 May 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Yorklands Limited for the year ended 31 May 2025 as set out on pages 3 to 10 from the company's accounting records and from information and explanations you have given us.

This report is made solely to the Board of Directors of Yorklands Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Yorklands Limited and state those matters that we have agreed to state to the Board of Directors of Yorklands Limited, as a body. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Yorklands Limited and its Board of Directors as a body for our work or for this report.

As you have acknowledged on the balance sheet as at year ended 31 May 2020 it is your duty to ensure that Yorklands Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Yorklands Limited. You consider that Yorklands Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Yorklands Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................
Abacus Business Management Limited
21 Castlewood Avenue
Highweek
NEWTON ABBOT
Devon
TQ12 1NX

12 January 2026

(Registration number: 02691602)
Balance Sheet as at 31 May 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 4 | 225,433 | 300,672
Current assets |  |  |
Stocks | 5 | 263 | -
Debtors | 6 | 89,441 | 116,503
Cash at bank and in hand |  | 2,396 | -
|  | 92,100 | 116,503
Creditors: Amounts falling due within one year | 7 | (190,090) | (216,068)
Net current liabilities |  | (97,990) | (99,565)
Total assets less current liabilities |  | 127,443 | 201,107
Creditors: Amounts falling due after more than one year | 7 | (102,686) | (146,889)
Net assets |  | 24,757 | 54,218
Capital and reserves |  |  |
Called up share capital | 8 | 100 | 100
Retained earnings |  | 24,657 | 54,118
Shareholders' funds |  | 24,757 | 54,218

For the financial year ending 31 May 2025 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 accounts for the year in question in accordance with section 476; and
• | The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 12 January 2026

......................................... Mr Neil Stephen Woodley Director

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025

1 | General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
5 Newtake Mount
Twickenham Road
Newtake
NEWTON ABBOT
Devon
TQ12 4JD
United Kingdom

These financial statements were authorised for issue by the director on 12 January 2026.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Plant and machinery | 18% on written down value
Motor vehicles | 18% on written down value

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.
The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025

Defined contribution pension obligation

Since the company's Workplace Pension automatic enrolment staging date on 1st June 2016 the company has operated a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.

3 | Staff numbers

The average number of persons employed by the company (including the director) during the year, was 6 (2024 - 7).

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025

4 | Tangible assets

| Motor vehicles £ | Plant and equipment £ | Total £
Cost or valuation
At 1 June 2024 | 676,247 | 11,897 | 688,144
Additions | - | 274 | 274
Disposals | (194,804) | - | (194,804)
At 31 May 2025 | 481,443 | 12,171 | 493,614
Depreciation
At 1 June 2024 | 376,978 | 10,494 | 387,472
Charge for the year | 49,183 | 302 | 49,485
Eliminated on disposal | (168,776) | - | (168,776)
At 31 May 2025 | 257,385 | 10,796 | 268,181
Carrying amount
At 31 May 2025 | 224,058 | 1,375 | 225,433
At 31 May 2024 | 299,269 | 1,403 | 300,672

5 | Stocks

| 2025 £ | 2024 £
Work in progress | 263 | -

6 | Debtors

Current | 2025 £ | 2024 £
Trade debtors | 79,497 | 108,595
Prepayments | 9,944 | 7,908
| 89,441 | 116,503

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025

7 | Creditors

Creditors: amounts falling due within one year

| Note | 2025 £ | 2024 £
Due within one year |  |  |
Bank loans and overdrafts | 9 | 72,409 | 87,901
Trade creditors |  | 24,558 | 33,707
Taxation and social security |  | 35,406 | 50,151
Accruals and deferred income |  | 2,930 | 3,228
Amounts due to related parties |  | 54,787 | 41,081
|  | 190,090 | 216,068

Creditors include bank loans and overdrafts and net obligations under finance lease and hire purchase contracts which are secured of £61,761 (2024 - £43,721).

Creditors: amounts falling due after more than one year

| Note | 2025 £ | 2024 £
Due after one year |  |  |
Loans and borrowings | 9 | 102,686 | 146,889

Creditors include bank loans and overdrafts and net obligations under finance lease and hire purchase contracts which are secured of £72,877 (2024 - £134,639).

8 | Share capital

Allotted, called up and fully paid shares

| 2025 | 2024
| No. | £ | No. | £
Ordinary GBP £1 of £1 each | 100 | 100 | 100 | 100

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025

9 | Loans and borrowings

Non-current loans and borrowings

| 2025 £ | 2024 £
Bank borrowings | - | 12,250
Other borrowings | 102,686 | 134,639
| 102,686 | 146,889

Current loans and borrowings

| 2025 £ | 2024 £
Bank borrowings | - | 7,000
Bank overdrafts | - | 5,255
Other borrowings | 72,409 | 75,646
| 72,409 | 87,901

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025

10 | Dividends

|  | 2025 |  | 2024
|  | £ |  | £
Final dividend of £100.00 (2024 - £20.00) per ordinary share |  | 10,000 |  | 2,000
Interim dividend of £277.00 (2024 - £357.00) per ordinary share |  | 27,700 |  | 35,700
|  | 37,700 |  | 37,700

The director is recommending a final dividend of £100.00 (2024 - £100.00) per share totalling £10,000.00 (2024 - £10,000.00). This dividend has not been accrued in the balance sheet.

11 | Related party transactions

Director's remuneration

The director's remuneration for the year was as follows:

| 2025 £ | 2024 £
Remuneration | 12,570 | 12,675
Contributions paid to money purchase schemes | 6,500 | 6,000
| 19,070 | 18,675