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Registration number: 02575863

Friends Of Yeovil Hospital Shop Limited
Annual Report and Unaudited Financial Statements
for the Year Ended 30 September 2025

Friends Of Yeovil Hospital Shop Limited

Contents

Balance Sheet | 1 to 2
Notes to the Unaudited Financial Statements | 3 to 7

Friends Of Yeovil Hospital Shop Limited

(Registration number: 02575863)
Balance Sheet as at 30 September 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 4 | 4,097 | 2,773
Current assets |  |  |
Stocks | 5 | 14,551 | 9,285
Debtors | 6 | 25,008 | 47,379
Cash at bank and in hand |  | 119,486 | 102,031
|  | 159,045 | 158,695
Creditors: Amounts falling due within one year | 7 | (43,215) | (39,544)
Net current assets |  | 115,830 | 119,151
Net assets |  | 119,927 | 121,924
Capital and reserves |  |  |
Called up share capital |  | 100 | 100
Profit and loss account |  | 119,827 | 121,824
Shareholders' funds |  | 119,927 | 121,924

Friends Of Yeovil Hospital Shop Limited

(Registration number: 02575863)
Balance Sheet as at 30 September 2025

For the financial year ending 30 September 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' 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 directors acknowledge their 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 directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 3 February 2026 and signed on its behalf by:

M W Spurr Director | N J Wardell Director |

Friends Of Yeovil Hospital Shop Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2025

1 | General information

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

The address of its registered office is:
C/o Milsted Langdon LLP
Motivo House
Alvington
Yeovil
Somerset
BA20 2FG

These financial statements were authorised for issue by the Board on 3 February 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 - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

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.

The financial statements are prepared in sterling, which is the functional and presentational currency of the company, and rounded to the nearest £.

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 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.

Government grants

Grants are recognised when the Company has an entitlement to the funds and any conditions linked to the grants have been met. Where performance conditions are attached to the grant and are yet to be met, the income is recognised as a liability and included on the balance sheet as deferred income to be released.

Friends Of Yeovil Hospital Shop Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2025

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
Fixtures and fittings | 10% - 33.3% straight line
Office equipment | 20% reducing balance

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.

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 stocks 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.

Creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors 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.

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.

Distributions

In years where profits are made and retained reserves allow, distributions from total equity to the League of Friends of Yeovil Hospital are made as donations under the Corporate Gift Aid scheme, within nine months of the year end. The distribution is recognised in the year in which it is paid.

Friends Of Yeovil Hospital Shop Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2025

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year was 10 (2024 - 10).

Friends Of Yeovil Hospital Shop Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2025

4 | Tangible assets

| Fixtures and fittings £ | Office equipment £ | Total £
Cost or valuation
At 1 October 2024 | 15,467 | 1,179 | 16,646
Additions | 2,836 | - | 2,836
Disposals | (11,961) | - | (11,961)
At 30 September 2025 | 6,342 | 1,179 | 7,521
Depreciation
At 1 October 2024 | 13,223 | 650 | 13,873
Charge for the year | 1,406 | 106 | 1,512
Eliminated on disposal | (11,961) | - | (11,961)
At 30 September 2025 | 2,668 | 756 | 3,424
Carrying amount
At 30 September 2025 | 3,674 | 423 | 4,097
At 30 September 2024 | 2,244 | 529 | 2,773

5 | Stocks

| 2025 £ | 2024 £
Finished goods and goods for resale | 14,551 | 9,285

6 | Debtors

| 2025 £ | 2024 £
Trade debtors | 25,008 | 47,379
| 25,008 | 47,379

Friends Of Yeovil Hospital Shop Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2025

7 | Creditors

Due within one year | 2025 £ | 2024 £
Trade creditors | 31,971 | 27,487
Social security and other taxes | 5,541 | 6,966
Other creditors | 3,043 | 2,803
Accruals | 2,660 | 2,288
| 43,215 | 39,544

8 | Related party transactions

Summary of transactions with parent

The League of Friends of Yeovil Hospitals
(the company's ultimate parent undertaking) The company makes a charitable donation each year to The League of Friends of Yeovil Hospitals based on the profits achieved each year. The donation in respect of the current year is £160,374 (2024: £173,667) and will be paid to the charity within 9 months of the financial year end.