Yang & Partners Ltd
Registered number: 09872110
Balance Sheet
as at 30 November 2021
Notes 2021 2020
£ £
Fixed assets
Tangible assets 3 4,143 5,483
Current assets
Debtors 4 22,844 36,365
Cash at bank and in hand 188,334 119,779
211,178 156,144
Creditors: amounts falling due within one year 5 (49,475) (61,908)
Net current assets 161,703 94,236
Net assets 165,846 99,719
Capital and reserves
Called up share capital 100 100
Profit and loss account 165,746 99,619
Shareholders' funds 165,846 99,719
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
S Yang
Director
Approved by the board on 22 August 2022
Yang & Partners Ltd
Notes to the Accounts
for the year ended 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. 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Office equipment Over 5 years
Furniture 25% reducing balance
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
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.
2 Employees 2021 2020
Number Number
Average number of persons employed by the company 5 5
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 December 2020 15,429
Additions 2,041
At 30 November 2021 17,470
Depreciation
At 1 December 2020 9,946
Charge for the year 3,381
At 30 November 2021 13,327
Net book value
At 30 November 2021 4,143
At 30 November 2020 5,483
4 Debtors 2021 2020
£ £
Trade debtors 20,952 26,115
Other debtors 1,892 10,250
22,844 36,365
5 Creditors: amounts falling due within one year 2021 2020
£ £
Trade creditors 662 43
Corporation tax 26,060 23,732
Other taxes and social security costs 169 558
Other creditors 22,584 37,575
49,475 61,908
6 Other information
Yang & Partners Ltd is a private company limited by shares and incorporated in England. Its registered office is:
Suite 41, Chessington Business Centre
37 Cox Lane
Chessington
Surrey
KT9 1SD
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