Registration number: 00339069

Yandle & Sons Limited

Contents

Company Information	1
Balance Sheet	2 to 3
Notes to the Unaudited Financial Statements	4 to 11

Yandle & Sons Limited

Company Information

Directors

Mr D W Mounstephen Mr A J Pickford-Waugh Mr A M Jeffery

Company secretary

Mr D W Mounstephen

Registered office

Hurst Works Martock Somerset TA12 6JU

Bankers

NatWest Bank 2 Hendford Yeovil Somerset BA20 1TN

Accountants

Mitchams Chartered Accountants 1 Cornhill Ilminster Somerset TA19 0AD

Yandle & Sons Limited

(Registration number: 00339069)
Balance Sheet as at 30 April 2026

	Note	2026 £	2025 £
Fixed assets
Intangible assets	4	5,000	-
Tangible assets	5	1,154,358	576,878
Investment property	6	170,000	170,000
		1,329,358	746,878
Current assets
Stocks	7	993,113	937,132
Debtors	8	193,928	163,868
Cash at bank and in hand		1,358,854	1,987,804
		2,545,895	3,088,804
Creditors: Amounts falling due within one year	9	(479,115)	(672,378)
Net current assets		2,066,780	2,416,426
Total assets less current liabilities		3,396,138	3,163,304
Creditors: Amounts falling due after more than one year	9	(80,224)	-
Provisions for liabilities		(111,037)	(106,531)
Net assets		3,204,877	3,056,773
Capital and reserves
Called up share capital		46,360	46,360
Share premium reserve		8,725	8,725
Other reserves		131,133	131,133
Retained earnings		3,018,659	2,870,555
Shareholders' funds		3,204,877	3,056,773

For the financial year ending 30 April 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 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.

Yandle & Sons Limited

(Registration number: 00339069)
Balance Sheet as at 30 April 2026

Approved and authorised by the Board on 23 September 2026 and signed on its behalf by:
 

......................................... Mr D W Mounstephen Company secretary and director

Yandle & Sons Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2026

1	General information

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

The address of its registered office is:
Hurst Works
Martock
Somerset
TA12 6JU

These financial statements were authorised for issue by the Board on 23 September 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 smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

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.

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 sales/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

Government grants are accounted for using the accrual model and are recognised when there is reasonable assurance that the company will comply with the conditions attaching to the grant and that the grants will be received. Grants relating to the acquisition or construction of tangible fixed assets are recognised as deferred income and released to profit or loss on a systematic basis over the expected useful economic lives of the related assets. Such grants are not deducted from the carrying amount of the related fixed assets.

Yandle & Sons Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2026

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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 and that are expected to apply to the reversal of the timing difference.

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
Freehold land and buildings	2% straight line/4% straight line
Furniture, fittings and equipment	12.5% reducing balance/20% straight line
Motor vehicles	20% reducing balance
Other property, plant and equipment	12.5% reducing balance

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined periodically by external valuers and as assessed by the directors. The valuations use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Yandle & Sons Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2026

Goodwill

Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. It is amortised on a straight line basis over its estimated useful economic life, which in this case is over three years. This will commence in the year ending 30 April 2027 as it was purchased at the end of April 2026. The useful economic life reflects the directors' estimate of the period over which the economic benefits arising from the acquired customer relationships and reputation are expected to be consumed following their integration into the company's existing retail operations.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class	Amortisation method and rate
Goodwill	3 years straight line

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.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

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 inventories 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.

Trade creditors

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

Yandle & Sons Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2026

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

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.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

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 51 (2025 - 58).

Yandle & Sons Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2026

4	Intangible assets

	Goodwill  £	Total £
Cost or valuation
Additions acquired separately	5,000	5,000
At 30 April 2026	5,000	5,000
Amortisation
Carrying amount
At 30 April 2026	5,000	5,000

5	Tangible assets

	Freehold land and buildings £	Furniture, fittings and equipment  £	Motor vehicles  £	Other property, plant and equipment  £	Total £
Cost or valuation
At 1 May 2025	441,835	205,490	8,500	461,997	1,117,822
Additions	608,814	38,700	750	6,613	654,877
Disposals	(22,832)	(23,062)	-	(8,058)	(53,952)
At 30 April 2026	1,027,817	221,128	9,250	460,552	1,718,747
Depreciation
At 1 May 2025	81,121	151,036	4,148	304,639	540,944
Charge for the year	16,513	14,118	1,020	20,380	52,031
Eliminated on disposal	(1,930)	(19,530)	-	(7,126)	(28,586)
At 30 April 2026	95,704	145,624	5,168	317,893	564,389
Carrying amount
At 30 April 2026	932,113	75,504	4,082	142,659	1,154,358
At 30 April 2025	360,714	54,454	4,352	157,358	576,878

Included within the net book value of land and buildings above is £932,113 (2025 - £360,714) in respect of freehold land and buildings.
 

Yandle & Sons Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2026

6	Investment properties

	2026 £
At 1 May 2025	170,000
At 30 April 2026	170,000