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Registered number: 12105976
Yghp Limited
Unaudited Financial Statements
For The Year Ended 31 December 2025
CJM Associates
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 12105976
31 December 2025 31 December 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 215,844 366,771
215,844 366,771
CURRENT ASSETS
Stocks 5 916,000 1,145,156
Debtors 6 324,091 359,349
Cash at bank and in hand 365 30,658
1,240,456 1,535,163
Creditors: Amounts Falling Due Within One Year 7 (1,308,683 ) (1,654,455 )
NET CURRENT ASSETS (LIABILITIES) (68,227 ) (119,292 )
TOTAL ASSETS LESS CURRENT LIABILITIES 147,617 247,479
Creditors: Amounts Falling Due After More Than One Year 8 (144,548 ) (236,995 )
PROVISIONS FOR LIABILITIES
Deferred Taxation 10 - (8,318 )
NET ASSETS 3,069 2,166
CAPITAL AND RESERVES
Called up share capital 12 300 300
Profit and Loss Account 2,769 1,866
SHAREHOLDERS' FUNDS 3,069 2,166
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For the year ending 31 December 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Andrew Yates
Director
09/09/2026
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Yghp Limited is a private company, limited by shares, incorporated in England & Wales, registered number 12105976 . The registered office is Unit 9 Hemlock Park, Cannock, Staffordshire, WS11 7FB.
The presentation currency of the financial statements is Pound Sterling (£)
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. 
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Leasehold Not depreciated
Plant & Machinery 25% on reducing balance
Motor Vehicles 25% on reducing balance
Fixtures & Fittings 10% and 25% on reducing balance
Computer Equipment 25% on cost
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.6. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
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2.7. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 11 (2024: 14)
11 14
4. Tangible Assets
Land & Property
Leasehold Plant & Machinery Motor Vehicles Fixtures & Fittings
£ £ £ £
Cost
As at 1 January 2025 33,000 5,601 426,456 72,008
Disposals - - (145,366 ) -
As at 31 December 2025 33,000 5,601 281,090 72,008
Depreciation
As at 1 January 2025 - 3,319 143,502 38,760
Provided during the period - 570 49,163 8,312
Disposals - - (59,063 ) -
As at 31 December 2025 - 3,889 133,602 47,072
Net Book Value
As at 31 December 2025 33,000 1,712 147,488 24,936
As at 1 January 2025 33,000 2,282 282,954 33,248
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Computer Equipment Total
£ £
Cost
As at 1 January 2025 58,583 595,648
Disposals - (145,366 )
As at 31 December 2025 58,583 450,282
Depreciation
As at 1 January 2025 43,296 228,877
Provided during the period 6,579 64,624
Disposals - (59,063 )
As at 31 December 2025 49,875 234,438
Net Book Value
As at 31 December 2025 8,708 215,844
As at 1 January 2025 15,287 366,771
5. Stocks
31 December 2025 31 December 2024
£ £
Stock 916,000 1,145,156
6. Debtors
31 December 2025 31 December 2024
£ £
Due within one year
Trade debtors 93,338 126,815
Amounts owed by participating interests 210,095 215,914
Other debtors 20,658 16,620
324,091 359,349
7. Creditors: Amounts Falling Due Within One Year
31 December 2025 31 December 2024
£ £
Net obligations under finance lease and hire purchase contracts 35,313 59,950
Trade creditors 466,358 600,613
Bank loans and overdrafts 187,185 254,000
Other creditors 82,705 221,727
Taxation and social security 537,122 518,165
1,308,683 1,654,455
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8. Creditors: Amounts Falling Due After More Than One Year
31 December 2025 31 December 2024
£ £
Net obligations under finance lease and hire purchase contracts 143,964 231,161
Bank loans 584 5,834
144,548 236,995
9. Obligations Under Finance Leases and Hire Purchase
31 December 2025 31 December 2024
£ £
The future minimum finance lease payments are as follows:
Not later than one year 35,313 59,950
Later than one year and not later than five years 143,964 231,161
179,277 291,111
179,277 291,111
10. Deferred Taxation
The provision for deferred tax is made up as follows:
31 December 2025 31 December 2024
£ £
Other timing differences - 8,318
11. Provisions for Liabilities
Deferred Tax Total
£ £
As at 1 January 2025 8,318 8,318
Deferred taxation (8,318 ) (8,318 )
12. Share Capital
31 December 2025 31 December 2024
£ £
Allotted, Called up and fully paid 300 300
13. Ultimate Controlling Party
The company's ultimate controlling party is Andrew Yates .
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