David Yarham (Salvage) Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 06655261

David Yarham (Salvage) Limited

Unaudited financial statements

31 March 2026

David Yarham (Salvage) Limited

Statement of financial position

31 March 2026

	2026		2025
Note	£	£	£	£

Fixed assets

Tangible assets	6		103,224		170,175

Current assets

Stocks		22,083	217,178
Debtors	7	5,495	15,414
Cash at bank and in hand		448,776	287,379
		---------	---------
		476,354	519,971

Creditors: Amounts falling due within one year	8	( 21,488)		( 19,653)
		---------		---------
Net current assets			454,866		500,318
			---------		---------
Total assets less current liabilities			558,090		670,493

Provisions

Taxation including deferred tax	( 9,540)	( 21,199)
	---------	---------
Net assets	548,550	649,294
	---------	---------

Capital and reserves

Called up share capital	100	100
Profit and loss account	548,450	649,194
	---------	---------
Shareholders funds	548,550	649,294
	---------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the income statement has not been delivered.

For the year ending 31 March 2026 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 financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

David Yarham (Salvage) Limited

Statement of financial position (continued)

31 March 2026

These financial statements were approved by the board of directors and authorised for issue on 20 July 2026 , and are signed on behalf of the board by:

D Yarham

Director

Company registration number: 06655261

David Yarham (Salvage) Limited

Notes to the financial statements

Year ended 31 March 2026

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Crofton Works, Harvey's Lane, Seething Airfield, Norwich, Norfolk, NR15 1EN.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

	Goodwill	-	Straight line over 10 years

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Leasehold property	-	5% straight line
Plant and machinery	-	20% reducing balance method

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

4. Employee numbers

The average number of employees during the year was 4 (2025: 4 ).

5. Intangible assets

	Goodwill
	£
Cost
At 1 April 2025 and 31 March 2026	50,000
	-------
Amortisation
At 1 April 2025 and 31 March 2026	50,000
	-------
Carrying amount
At 31 March 2026	–
	-------
At 31 March 2025	–
	-------

6. Tangible assets

	Freehold property	Long leasehold property	Plant and machinery	Total
	£	£	£	£
Cost
At 1 April 2025	31,075	111,749	246,457	389,281
Additions	–	–	3,522	3,522
Disposals	–	–	( 65,417)	( 65,417)
	-------	---------	---------	---------
At 31 March 2026	31,075	111,749	184,562	327,386
	-------	---------	---------	---------
Depreciation
At 1 April 2025	–	84,224	134,882	219,106
Charge for the year	–	5,587	12,552	18,139
Disposals	–	–	( 13,083)	( 13,083)
	-------	---------	---------	---------
At 31 March 2026	–	89,811	134,351	224,162
	-------	---------	---------	---------
Carrying amount
At 31 March 2026	31,075	21,938	50,211	103,224
	-------	---------	---------	---------
At 31 March 2025	31,075	27,525	111,575	170,175
	-------	---------	---------	---------

7. Debtors

	2026	2025
	£	£
Trade debtors	54	6,367
Prepayments and accrued income	5,441	4,276
Directors loan account	–	4,771
	------	-------
	5,495	15,414
	------	-------

8. Creditors: Amounts falling due within one year

	2026	2025
	£	£
Trade creditors	129	698
Accruals and deferred income	8,034	3,907
Social security and other taxes	12,446	13,407
Director loan accounts	749	–
Net wages	130	130
Other creditors	–	1,511
	-------	-------
	21,488	19,653
	-------	-------

9. Directors' advances, credits and guarantees

During the year the directors entered into the following advances and credits with the company:

	2026
	Balance brought forward	Advances/ (credits) to the directors	Amounts repaid	Balance outstanding
	£	£	£	£
D Yarham	4,771	10,000	( 15,520)	( 749)
	------	-------	-------	----

	2025
	Balance brought forward	Advances/ (credits) to the directors	Amounts repaid	Balance outstanding
	£	£	£	£
D Yarham	( 2,819)	18,290	( 10,700)	4,771
	------	-------	-------	------

10. Related party transactions

The company occupied rent free land owned by David Yarham, a director of the company, in this and the prior accounting period.