Yellowmead Limited - Accounts to registrar (filleted) - small 18.2

Yellowmead Limited - Accounts to registrar (filleted) - small 18.2

YELLOWMEAD LIMITED - Company Information

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REGISTERED NUMBER: 08290650 (England and Wales)
























UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH NOVEMBER 2020

FOR

YELLOWMEAD LIMITED
YELLOWMEAD LIMITED (REGISTERED NUMBER: 08290650)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH NOVEMBER 2020




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


YELLOWMEAD LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH NOVEMBER 2020







DIRECTORS: J T Evans
Ms E Raper





REGISTERED OFFICE: 3 & 4 Park Court
Riccall Road
Escrick
York
North Yorkshire
YO19 6ED





REGISTERED NUMBER: 08290650 (England and Wales)





ACCOUNTANTS: CGA
Chartered Certified Accountants
3 & 4 Park Court
Riccall Road
Escrick
York
North Yorkshire
YO19 6ED
Page 1
YELLOWMEAD LIMITED (REGISTERED NUMBER: 08290650)

BALANCE SHEET
30TH NOVEMBER 2020

2020 2019
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 50 237

CURRENT ASSETS
Debtors 5 11,854 11,042
Cash at bank 19,357 2,976
31,211 14,018
CREDITORS
Amounts falling due within one year 6 7,271 3,842
NET CURRENT ASSETS 23,940 10,176
TOTAL ASSETS LESS CURRENT
LIABILITIES
23,990
10,413

PROVISIONS FOR LIABILITIES - 45
NET ASSETS 23,990 10,368

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 23,890 10,268
SHAREHOLDERS' FUNDS 23,990 10,368

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th November 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th November 2020 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30th July 2021 and were signed on its behalf by:




J T Evans - Director



Ms E Raper - Director


The notes form part of these financial statements

Page 2
YELLOWMEAD LIMITED (REGISTERED NUMBER: 08290650)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH NOVEMBER 2020

1. STATUTORY INFORMATION

Yellowmead 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 represents net invoiced services, excluding value added tax.

Revenue is recognised once the service has been completed and where it is virtually certain that payment will be received.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance
Computer equipment - 33% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2019 - NIL).

Page 3 continued...
YELLOWMEAD LIMITED (REGISTERED NUMBER: 08290650)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH NOVEMBER 2020

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1st December 2019
and 30th November 2020 375 829 1,204
DEPRECIATION
At 1st December 2019 308 659 967
Charge for year 17 170 187
At 30th November 2020 325 829 1,154
NET BOOK VALUE
At 30th November 2020 50 - 50
At 30th November 2019 67 170 237

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2020 2019
£    £   
Other debtors 11,854 11,042

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2020 2019
£    £   
Trade creditors 12 13
Taxation and social security 5,832 2,419
Other creditors 1,427 1,410
7,271 3,842

7. RELATED PARTY DISCLOSURES

At the balance sheet date, the company owed £17 (2019 - was owed £9,319) to (2019 - from) members of key management personnel. No interest has been charged to the company in respect of this loan which is repayable on demand and is presented within creditors due within one year (2019 - debtors due within one year).

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