Company Registration No. SC423804 (Scotland)
The Yule Partnership Limited
Unaudited accounts
for the year ended 30 April 2018
The Yule Partnership Limited
Unaudited accounts
Contents
The Yule Partnership Limited
Company Information
for the year ended 30 April 2018
Directors
Douglas Yule
Irene Yule
Company Number
SC423804 (Scotland)
Registered Office
C/O CMM Accountancy, The Green House,
Beechwood Business Park North
Inverness
IV2 3BL
Accountants
CMM Accountancy (Inverness) Limited
The Green House
Beechwood Business Park North
Inverness
IV2 3BL
The Yule Partnership Limited
Statement of financial position
as at 30 April 2018
Cash at bank and in hand
45,202
51,669
Creditors: amounts falling due within one year
(15,454)
(16,942)
Net current assets
41,342
35,539
Called up share capital
110
110
Profit and loss account
41,271
35,792
Shareholders' funds
41,381
35,902
For the year ending 30 April 2018 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 12 September 2018.
Douglas Yule
Director
Company Registration No. SC423804
The Yule Partnership Limited
Notes to the Accounts
for the year ended 30 April 2018
The Yule Partnership Limited is a private company, limited by shares, registered in Scotland, registration number SC423804. The registered office is C/O CMM Accountancy, The Green House,, Beechwood Business Park North, Inverness, IV2 3BL.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
25% and 33.3% straight line
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
The Yule Partnership Limited
Notes to the Accounts
for the year ended 30 April 2018
4
Tangible fixed assets
Fixtures & fittings
7
Creditors: amounts falling due within one year
2018
2017
Taxes and social security
10,762
14,220
Loans from directors
3,362
1,422
8
Average number of employees
During the year the average number of employees was 0 (2017: 0).
