Y1ALN Ltd |
Notes to the Accounts |
for the period from 17 November 2020 to 30 November 2021 |
|
|
1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
|
|
Turnover |
|
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services and is recognised by reference to the stage of completion of the contract. |
|
|
Creditors |
|
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. |
|
|
Taxation |
|
A current tax asset is recognised in respect of a tax loss that can be carried forwards and be used against future profits, where available. |
|
|
2 |
Employees |
2021 |
|
Number |
|
|
|
Average number of persons employed by the company |
1 |
|
|
|
|
|
|
|
|
|
3 |
Creditors: amounts falling due within one year |
2021 |
|
£ |
|
|
|
Other creditors |
289 |
|
|
|
|
|
|
|
|
|
4 |
Other information |
|
|
Y1ALN Ltd is a private company limited by shares and incorporated in Scotland. Its registered office is: |
|
No. 1 Victoria Road |
|
Kirkcaldy |
|
Ffie |
|
KY1 1DT |