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Unaudited Financial Statements for the Year Ended 31 July 2017 |
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Yorkshire Pine Limited |
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REGISTERED NUMBER:
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Unaudited Financial Statements for the Year Ended 31 July 2017 |
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for |
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Yorkshire Pine Limited |
Yorkshire Pine Limited (Registered number: 02006834) |
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Contents of the Financial Statements |
for the Year Ended 31 July 2017 |
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Company Information | 1 |
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Chartered Certified Accountants' Report | 2 |
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Balance Sheet | 3 |
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Notes to the Financial Statements | 5 |
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Yorkshire Pine Limited |
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Company Information |
for the Year Ended 31 July 2017 |
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DIRECTORS: |
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REGISTERED OFFICE: |
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BUSINESS ADDRESS: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Chartered Certified Accountant |
Balmoral House |
Warwick Court |
Park Road |
Middleton |
Manchester |
M24 1AE |
Chartered Certified Accountants' Report to the Board of Directors |
on the Unaudited Financial Statements of |
Yorkshire Pine Limited |
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The following reproduces the text of the report prepared for the directors in respect of the Company's |
annual unaudited financial statements. In accordance with the Companies Act 2006, the Company is |
only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain |
other primary statements and the Report of the Directors are not required to be filed with the |
Registrar of Companies. |
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In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your |
approval these accounts from the company's accounting records and from information and explanations |
you have given us. |
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As a member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and |
other professional requirements which are detailed at: |
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http://www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html |
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This report is made solely to the Board of Directors, as a body, in accordance with the terms of our |
engagement letter. Our work has been undertaken solely to prepare for your approval these accounts and |
state those matters that we have agreed to state to them/the Board of Directors, as a body, in accordance |
with the requirements of the Association of Chartered Certified Accountants as detailed at: |
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http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. |
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To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the |
company and its Board of Directors as a body for our work or for this report. |
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It is your duty to ensure that the company has kept adequate accounting records and to prepare statutory |
accounts that give a true and fair view of the assets, liabilities, financial position and profit[/loss of the |
company. You consider that the company is exempt from the statutory audit requirement for the |
accounting period. We have not been instructed to carry out an audit or a review of the accounts of the |
company. For this reason, we have not verified the accuracy or completeness of the accounting records or |
information and explanations you have given to us and we do not, therefore, express any opinion on the |
statutory accounts. |
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Chartered Certified Accountant |
Balmoral House |
Warwick Court |
Park Road |
Middleton |
Manchester |
M24 1AE |
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Yorkshire Pine Limited (Registered number: 02006834) |
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Balance Sheet |
31 July 2017 |
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31.7.17 | 31.7.16 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Property, plant and equipment | 4 |
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CURRENT ASSETS |
Inventories | 5 |
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Cash in hand |
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CREDITORS |
Amounts falling due within one year | 6 |
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NET CURRENT LIABILITIES | ( |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
( |
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( |
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PROVISIONS FOR LIABILITIES |
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NET LIABILITIES | ( |
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CAPITAL AND RESERVES |
Called up share capital | 7 |
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Share premium | 8 |
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Retained earnings | 8 | ( |
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SHAREHOLDERS' FUNDS | ( |
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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. |
Yorkshire Pine Limited (Registered number: 02006834) |
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Balance Sheet - continued |
31 July 2017 |
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In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
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The financial statements were approved by the Board of Directors on
behalf by: |
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Yorkshire Pine Limited (Registered number: 02006834) |
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Notes to the Financial Statements |
for the Year Ended 31 July 2017 |
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1. | STATUTORY INFORMATION |
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Yorkshire Pine Limited is a
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The company's registered number and registered office address can be found on the Company |
Information page. |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Turnover |
Revenue is measured at the fair value of the consideration received or receivable, excluding |
discounts, rebates, value added tax and other sales taxes. |
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Tangible fixed assets |
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Plant and machinery | - |
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Motor vehicles | - |
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Computer equipment | - |
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Stocks |
Inventories are valued at the lower of cost and net realisable value, after making due allowance for |
obsolete and slow moving items. |
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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. |
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Current or deferred taxation assets and liabilities are not discounted. |
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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. |
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Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed |
at the balance sheet date. |
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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. |
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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. |
Yorkshire Pine Limited (Registered number: 02006834) |
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Notes to the Financial Statements - continued |
for the Year Ended 31 July 2017 |
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2. | ACCOUNTING POLICIES - continued |
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Hire purchase and leasing commitments |
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the |
period of the lease. |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was
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4. | PROPERTY, PLANT AND EQUIPMENT |
Plant and | Motor | Computer |
machinery | vehicles | equipment | Totals |
£ | £ | £ | £ |
COST |
At 1 August 2016 |
and 31 July 2017 |
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DEPRECIATION |
At 1 August 2016 |
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Charge for year |
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At 31 July 2017 |
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NET BOOK VALUE |
At 31 July 2017 |
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At 31 July 2016 |
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5. | INVENTORIES |
31.7.17 | 31.7.16 |
£ | £ |
Finished goods |
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6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.7.17 | 31.7.16 |
£ | £ |
Bank loans and overdrafts |
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Trade creditors |
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Social security and other taxes |
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VAT | 1,884 | 1,884 |
Directors' current accounts | 11,699 | 11,924 |
Accrued expenses |
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Yorkshire Pine Limited (Registered number: 02006834) |
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Notes to the Financial Statements - continued |
for the Year Ended 31 July 2017 |
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7. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 31.7.17 | 31.7.16 |
value: | £ | £ |
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Ordinary | £1 | 200 | 200 |
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8. | RESERVES |
Retained | Share |
earnings | premium | Totals |
£ | £ | £ |
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At 1 August 2016 | ( |
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(22,119 | ) |
Deficit for the year | ( |
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At 31 July 2017 | ( |
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(23,686 | ) |