1 April 2021 false No description of principal activity Taxfiler 2022.8.3 11155947business:PrivateLimitedCompanyLtd2021-04-012022-03-31 111559472021-03-31 111559472021-04-012022-03-31 11155947business:AuditExemptWithAccountantsReport2021-04-012022-03-31 11155947business:FullAccounts2021-04-012022-03-31 111559472022-03-31 111559472021-03-31 11155947core:WithinOneYear2022-03-31 11155947core:WithinOneYear2021-03-31 11155947core:ShareCapital2022-03-31 11155947core:ShareCapital2021-03-31 11155947core:RetainedEarningsAccumulatedLosses2022-03-31 11155947core:RetainedEarningsAccumulatedLosses2021-03-31 11155947business:SmallEntities2021-04-012022-03-31 11155947business:Director12021-04-012022-03-31 11155947countries:EnglandWales2021-04-012022-03-31 11155947business:RegisteredOffice2021-04-012022-03-31 111559472020-04-202021-03-31 iso4217:GBP xbrli:pure
Company Registration No. 11155947 (England and Wales)
YJ Technologies Limited Filleted Unaudited accounts for the year ended 31 March 2022
YJ Technologies Limited Filleted Unaudited accounts Contents
Page
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YJ Technologies Limited Statement of financial position as at 31 March 2022
2022 
2021 
Notes
£ 
£ 
Current assets
Debtors
- 
10,350 
Cash at bank and in hand
83,110 
20,391 
83,110 
30,741 
Creditors: amounts falling due within one year
(40,755)
(21,003)
Net current assets
42,355 
9,738 
Net assets
42,355 
9,738 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
42,354 
9,737 
Shareholders' funds
42,355 
9,738 
For the year ending 31 March 2022 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 director acknowledges her 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.
The financial statements were approved by the Board and authorised for issue on 12 August 2022 and were signed on its behalf by
Yoo-Jin Jung Director Company Registration No. 11155947
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YJ Technologies Limited Notes to the Accounts for the year ended 31 March 2022
1
Statutory information
YJ Technologies Limited is a private company, limited by shares, registered in England and Wales, registration number 11155947. The registered office is 3 Clifton Place, London, SE16 7DB, United Kingdom.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts and rebates. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that 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 that are expected to apply to the reversal of the timing difference.
Financial instruments
The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors. Basic financial instruments are recognised at amortised cost, with changes recognised in profit or loss.
Debtors
Basic financial assets, including trade and other debtors, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Such assets are subsequently carried at amortised cost using the effective interest method, less any impairment.
Cash and cash equivalents
Cash and cash equivalents are represented by cash in hand, deposits held at call with financial institutions, and other short-term highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.
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YJ Technologies Limited Notes to the Accounts for the year ended 31 March 2022
Creditors
Basic financial liabilities, including trade and other creditors are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Such instruments are subsequently carried at amortised cost using the effective interest method, less any impairment.
4
Debtors: amounts falling due within one year
2022 
2021 
£ 
£ 
Trade debtors
- 
10,350 
5
Creditors: amounts falling due within one year
2022 
2021 
£ 
£ 
Taxes and social security
12,694 
4,630 
Loans from directors
15,486 
15,973 
Accruals
12,575 
400 
40,755 
21,003 
6
Transactions with related parties
Included within creditors due within one year is a loan of £15,486 (2021: £15,973) from the director. This loan is interest-free and has no fixed repayment term.
7
Average number of employees
During the year the average number of employees was 1 (2021: 1).
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