Company registration number 07258873 (England and Wales)
THE YOGAROOT LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
PAGES FOR FILING WITH REGISTRAR
THE YOGAROOT LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 3
THE YOGAROOT LIMITED (REGISTERED NUMBER: 07258873)
BALANCE SHEET
AS AT
31 MARCH 2023
31 March 2023
- 1 -
31 Mar 2023
31 May 2022
Notes
£
£
£
£
Fixed assets
Tangible assets
3
1
814
Current assets
Debtors
4
415
1,246
Cash at bank and in hand
22,635
30,497
23,050
31,743
Creditors: amounts falling due within one year
5
(5,203)
(3,966)
Net current assets
17,847
27,777
Net assets
17,848
28,591
Capital and reserves
Called up share capital
1
1
Profit and loss reserves
17,847
28,590
Total equity
17,848
28,591
The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true
For the financial year ended 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved and signed by the director and authorised for issue on 26 September 2023
Patricia Cronin
Director
THE YOGAROOT LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
- 2 -
1
Accounting policies
Company information
The Yogaroot Limited is a private company limited by shares incorporated in England and Wales. The registered office is 24 Middle Hill, Englefield Green, Surrey, TW20 0JQ.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £1.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2
Turnover
Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.
1.3
Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Plant and equipment
50% Straight line
Fixtures and fittings
20% Straight line
1.4
Cash and cash equivalents
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
1.5
Taxation
The tax expense represents the sum of the tax currently payable.
THE YOGAROOT LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
- 3 -
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2023
2022
Number
Number
Total
1
1
3
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 June 2022 and 31 March 2023
7,178
Depreciation and impairment
At 1 June 2022
6,364
Depreciation charged in the year
813
At 31 March 2023
7,177
Carrying amount
At 31 March 2023
1
At 31 May 2022
814
4
Debtors
2023
2022
Amounts falling due within one year:
£
£
Trade debtors
415
1,246
5
Creditors: amounts falling due within one year
2023
2022
£
£
Taxation and social security
2,291
2,401
Other creditors
2,912
1,565
5,203
3,966