Yorkshire Timber Engineering Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 06719230 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

FOR

YORKSHIRE TIMBER ENGINEERING LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

S T Prescott

D Grantley

M Prescott

REGISTERED OFFICE:

Unit 1

Deans Park

Borwick Drive

Beverley

East Yorkshire

HU17 0HQ

REGISTERED NUMBER:

06719230 (England and Wales)

ACCOUNTANTS:

Lloyd Dowson Limited

Medina House

2 Station Avenue

Bridlington

East Yorkshire

YO16 4LZ

FIXED ASSETS

Tangible assets

4

308,496

326,233

CURRENT ASSETS

Stocks

106,580

101,741

Debtors

5

161,838

157,320

Cash at bank and in hand

5,499

77,377

273,917

336,438

CREDITORS

Amounts falling due within one year

6

216,949

154,732

NET CURRENT ASSETS

56,968

181,706

TOTAL ASSETS LESS CURRENT
LIABILITIES

365,464

507,939

CREDITORS

Amounts falling due after more than one
year

7

361,720

368,445

NET ASSETS

3,744

139,494

CAPITAL AND RESERVES

Called up share capital

9

90

Capital redemption reserve

10

Retained earnings

3,644

139,394

SHAREHOLDERS' FUNDS

3,744

139,494

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2026 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 August 2026 and were signed on its behalf by:

S T Prescott - Director

D Grantley - Director

M Prescott - Director

1.	STATUTORY INFORMATION

Yorkshire Timber Engineering Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover relates to the manufacture and sale of timber trusses excluding discounts, rebates, value added tax and other taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Freehold property

-

2% on cost

Plant and machinery

-

10% on cost

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the statement of income and retained earnings on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company has implemented auto-enrolment pension in respect of all employees. Contributions are charged to the statement of income and retained earnings in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2025 - 10 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

COST

At 1 April 2025

and 31 March 2026

314,523

424,223

738,746

DEPRECIATION

At 1 April 2025

52,900

359,613

412,513

Charge for year

5,290

12,447

17,737

At 31 March 2026

58,190

372,060

430,250

NET BOOK VALUE

At 31 March 2026

256,333

52,163

308,496

At 31 March 2025

261,623

64,610

326,233

Included in cost of land and buildings is freehold land of £ 50,000 (2025 - £ 50,000 ) which is not depreciated.

The net book value of tangible fixed assets includes £ 30,490 (2025 - £ 36,588 ) in respect of assets held under hire purchase contracts.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

Trade debtors

139,576

109,310

Other debtors

22,262

48,010

161,838

157,320

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

Hire purchase contracts

5,725

9,357

Trade creditors

144,237

105,925

Taxation and social security

45,457

20,534

Other creditors

21,530

18,916

216,949

154,732

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

31.3.26

31.3.25

£

Hire purchase contracts

-

5,725

Other creditors

361,720

362,720

361,720

368,445

8.	SECURED DEBTS

The following secured debts are included within creditors:

31.3.26

31.3.25

£

Hire purchase contracts

5,725

15,082

Property loan

373,720

374,720

379,445

389,802

The property loan is secured by a legal charge over the freehold property.

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.26

31.3.25

value:

£

90

Ordinary

£1

90

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2026 and 31 March 2025:

31.3.26

31.3.25

£

D Grantley

Balance outstanding at start of year

12,990

-

Amounts advanced

225

15,740

Amounts repaid

(5,250

)

(2,750

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

7,965

12,990

M Prescott

Balance outstanding at start of year

3,528

-

Amounts advanced

250

3,528

Amounts repaid

-

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

3,778

3,528

S T Prescott

Balance outstanding at start of year

-

Amounts advanced

13

-

Amounts repaid

-

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

13

-

All loans are due for repayment by 31 December 2026.