REGISTERED NUMBER: 13394423 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 May 2023

for

You Want Beef Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Obaidkhaliq Bhatti

REGISTERED OFFICE:

20-22 Wenlock Road

London

N1 7GU

REGISTERED NUMBER:

13394423 (England and Wales)

FIXED ASSETS

Tangible assets

4

27,868

13,924

CURRENT ASSETS

Stocks

5,574

3,996

Debtors

5

117,829

6,803

Cash at bank and in hand

18,232

14,251

141,635

25,050

CREDITORS

Amounts falling due within one year

6

149,472

35,727

NET CURRENT LIABILITIES

(7,837

)

(10,677

)

TOTAL ASSETS LESS CURRENT LIABILITIES

20,031

3,247

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

19,931

3,147

20,031

3,247

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 21 September 2023 and were signed by:

Obaidkhaliq Bhatti - Director

1.	STATUTORY INFORMATION

You Want Beef Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

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

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery

20% Straight Line

Fixtures & Fittings

15% Straight Line

Computer Equipments

20% Straight Line

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Current or deferred taxation assets and liabilities are not discounted.

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.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

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.

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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2022 - 7 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 June 2022

16,790

Additions

20,863

At 31 May 2023

37,653

DEPRECIATION

At 1 June 2022

2,866

Charge for year

6,919

At 31 May 2023

9,785

NET BOOK VALUE

At 31 May 2023

27,868

At 31 May 2022

13,924

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.23

31.5.22

£

£

Trade debtors

6,846

3,444

Other debtors

22,409

1,377

Other loans

88,574

-

VAT

-

1,982

117,829

6,803

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.23

31.5.22

£

£

Trade creditors

7,776

6,852

Taxation and social security

13,868

45

Other creditors

127,828

28,830

149,472

35,727

7.	RELATED PARTY DISCLOSURES

In debtors, other loans includes a balance of £64,128 owed by You Want Beef Luton Ltd and balance of £24,446 owed by YWB Yardley Ltd as at 31.05.2023. All these companies arer under the common directorship.