Company registration number 04208237 (England and Wales)
YANSPORT SAFETYWEAR LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2025
PAGES FOR FILING WITH REGISTRAR
YANSPORT SAFETYWEAR LTD
CONTENTS
Page
Statement of financial position
1 - 2
Notes to the financial statements
3 - 9
YANSPORT SAFETYWEAR LTD
STATEMENT OF FINANCIAL POSITION
AS AT
30 JUNE 2025
30 June 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Intangible assets
5
68,990
53,616
Tangible assets
4
200,113
28,096
269,103
81,712
Current assets
Stocks
572,063
711,616
Debtors
6
335,903
190,728
Cash at bank and in hand
27,124
28
935,090
902,372
Creditors: amounts falling due within one year
7
(812,409)
(727,075)
Net current assets
122,681
175,297
Total assets less current liabilities
391,784
257,009
Creditors: amounts falling due after more than one year
8
(182,463)
(216,054)
Net assets
209,321
40,955
Capital and reserves
Called up share capital
9
200,000
200,000
Share premium account
1,500
1,500
Revaluation reserve
10
163,228
-
0
Profit and loss reserves
(155,407)
(160,545)
Total equity
209,321
40,955
YANSPORT SAFETYWEAR LTD
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT
30 JUNE 2025
30 June 2025
- 2 -

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

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The director of the company has elected not to include a copy of the income statement within the financial statements.true

The financial statements were approved and signed by the director and authorised for issue on 11 March 2026
Mr I P Cousins
Director
Company registration number 04208237 (England and Wales)
YANSPORT SAFETYWEAR LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2025
- 3 -
1
Accounting policies
Company information

Yansport Safetywear Ltd is a private company limited by shares incorporated in England and Wales. The registered office is 91 Frederick Street, Walsall, United Kingdom, WS2 9NE.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

The financial statements have been prepared on a going concern basis. At the year end the company has net current assets of £109,728 (2022 had net current assets of £69,842) and net liabilities of £129,359 (2022 - £173,233). The validity of the going concern basis depends on the continued support of the company's bank, director and shareholders. The director has assessed the 12 months from sign off of the financial statements in terms of profitability and cashflows and concluded that the going concern basis remains appropriate.

1.3
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

1.4
Research and development expenditure

Research expenditure is written off against profits in the year in which it is incurred. Identifiable development expenditure is capitalised to the extent that the technical, commercial and financial feasibility can be demonstrated.

YANSPORT SAFETYWEAR LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
1
Accounting policies
(Continued)
- 4 -
1.5
Intangible fixed assets other than goodwill

The company capitalises development expenditure as an intangible asset when all of the following conditions are met:

- an asset is created that can be identified;

- it is probable that the asset will generate future economic benefits;

- the development expenditure can be measured reliably;

- the company has the intention to complete the asset and the ability and intention to use or sell it;

- the product or process is technically and commercially feasible; and sufficient resources are available to complete the development and to either sell or use the asset.

Capitalised development expenditure is intially recognised at cost and subsequently measured at cost less accumulated amortisation and accumulated impairment losses.

All research expenditiure and development expenditure that does not meet the above conditions is expensed as incurred.

Amortisation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Development costs
10% Straight Line
1.6
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and equipment
10% reducing balance
Fixtures and fittings
10% - 25% reducing balance
Computers
10% reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.7
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.

If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its carrying amount, the carrying amount of the asset (or cash-generating unit) is reduced to its recoverable amount. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

YANSPORT SAFETYWEAR LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
1
Accounting policies
(Continued)
- 5 -
1.8
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost 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.

Stocks held for distribution at no or nominal consideration are measured at the lower of cost and replacement cost, adjusted where applicable for any loss of service potential.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

1.9
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.10
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include trade and other debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

The company uses a debt factoring arrangement under which it is advanced a proportion of the invoice value when the invoice is raised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including trade and other creditors, bank loans, loans from fellow group companies, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

1.11
Equity instruments

Equity instruments issued by the company are recorded at the fair value proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

YANSPORT SAFETYWEAR LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
1
Accounting policies
(Continued)
- 6 -
1.12
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

Current tax is based on taxable profit for the year. Current tax assets and liabilities are measured using tax rates that have been enacted of substantively enacted by the reporting date.

Deferred tax

Deferred tax is calculated at the tax rates that are expected to apply to the period when the asset is realised or the liability is settled based on tax rates that have been enacted or substantively enacted by the reporting date.

Deferred tax liabilities are recognised in respect of all timing differences that exist at the reporting date. Timing differences are differences between taxable profits and total comprehensive income that arise from the inclusion of income and expenses in tax assessments in different periods from their recognition in the financial statements. Deferred tax assets are recognised only to the extent that it is probable that they will be recovered by the reversal of deferred tax liabilities or other future taxable profits.

1.13
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.14
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.15
Foreign exchange

Transactions in currencies other than the functional currency (foreign currency) are initially recorded at the exchange rate prevailing on the date of the transaction.

Monetary assets and liabilities denominated in foreign currencies are translated at the rate of exchange ruling at the reporting date. Non-monetary assets and liabilities denominated in foreign currencies are translated at the rate ruling at the date of the transaction, or, if the asset or liability is measured at fair value, the rate when that fair value was determined.

All translation differences are taken to profit or loss, except to the extent that they relate to gains or losses on non-monetary items recognised in other comprehensive income, when the related translation gain or loss is also recognised in other comprehensive income.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
32
32
YANSPORT SAFETYWEAR LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
- 7 -
3
Director's remuneration
2025
2024
£
£
Remuneration paid to directors
-
0
8,625
4
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 July 2024
122,402
Additions
24,612
Revaluation
54,598
At 30 June 2025
201,612
Depreciation and impairment
At 1 July 2024
94,306
Depreciation charged in the year
8,494
Revaluation
(101,301)
At 30 June 2025
1,499
Carrying amount
At 30 June 2025
200,113
At 30 June 2024
28,096

During the year the Plant & Machinery was revalued by the directors on 30 June 2025 on a open market value basis, in the amount of £200,113 and this revaluation has been included in these financial statememts. The historical cost of the Plant and Machinery included in the valuation is £.201,612

YANSPORT SAFETYWEAR LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
- 8 -
5
Intangible fixed assets
Development costs
£
Cost
At 1 July 2024
82,284
Additions
18,081
At 30 June 2025
100,365
Amortisation and impairment
At 1 July 2024
28,668
Amortisation charged for the year
10,037
Eliminated on revaluation
(7,330)
At 30 June 2025
31,375
Carrying amount
At 30 June 2025
68,990
At 30 June 2024
53,616
6
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
322,439
178,653
Other debtors
13,464
12,075
335,903
190,728

7
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans and overdrafts
45,699
46,857
Trade creditors
219,205
200,141
Amounts owed to group undertakings and undertakings in which the company has a participating interest
181,000
272,182
Taxation and social security
70,931
48,998
Other creditors
295,574
158,897
812,409
727,075

YANSPORT SAFETYWEAR LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
- 9 -
8
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans and overdrafts
-
0
9,029
Other creditors
182,463
207,025
182,463
216,054

9
Called up share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
1,500
1,500
200,000
200,000
10
Revaluation reserve
2025
2024
£
£
At the beginning of the year
-
0
-
0
Revaluation surplus arising in the year
163,228
-
0
At the end of the year
163,228
-
11
Related party transactions

Disclosed within other creditors is a loan of £181,000 (2024 - £201,000) from Mr R L Barker, a shareholder of the company.

12
Directors' transactions

This amount is included within other creditors, creditors falling due within one year. This loan balance is unsecured.

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