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Company Registration No. 11315822 (England and Wales)
Yingly Group UK Ltd Unaudited accounts for the year ended 30 April 2023
Yingly Group UK Ltd Unaudited accounts Contents
Page
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Yingly Group UK Ltd Company Information for the year ended 30 April 2023
Director
Shuzhen Zhang
Company Number
11315822 (England and Wales)
Registered Office
2 Walter Slade Court Norris Close St. Albans AL2 1WW
Accountants
Tax Return Accountants Ltd 26 Spinning Wheel Way Hackbridge WALLINGTON GB SM6 7DS
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Yingly Group UK Ltd Statement of financial position as at 30 April 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
37,365 
49,820 
Current assets
Debtors
299,000 
- 
Cash at bank and in hand
190,317 
332,712 
489,317 
332,712 
Creditors: amounts falling due within one year
(50,301)
(49,957)
Net current assets
439,016 
282,755 
Total assets less current liabilities
476,381 
332,575 
Creditors: amounts falling due after more than one year
(314,874)
(234,851)
Net assets
161,507 
97,724 
Capital and reserves
Called up share capital
1,000 
1,000 
Profit and loss account
160,507 
96,724 
Shareholders' funds
161,507 
97,724 
For the year ending 30 April 2023 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 10 October 2023 and were signed on its behalf by
Shuzhen Zhang Director Company Registration No. 11315822
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Yingly Group UK Ltd Notes to the Accounts for the year ended 30 April 2023
1
Statutory information
Yingly Group UK Ltd is a private company, limited by shares, registered in England and Wales, registration number 11315822. The registered office is 2 Walter Slade Court, Norris Close, St. Albans, AL2 1WW.
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 as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Going concern
These financial statements have been prepared on a going concern basis under the historical cost convention and in accordance with the Companies Act 2006. The director acknowledges the latest guidance on going concern. The director has a reasonable expectation that the Company has adequate resources to continue in operational excellence for a period of twelve months from the date of the approval of the financial statements and, therefore, she continues to adopt the going concern basis in preparing the annual financial statements.
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Yingly Group UK Ltd Notes to the Accounts for the year ended 30 April 2023
Current and Deferred taxation
The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively. The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income. Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the Statement of Financial Position date, except that: - The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and - Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met. Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
25%
4
Tangible fixed assets
Motor vehicles 
£ 
Cost or valuation
At cost 
At 1 May 2022
66,427 
At 30 April 2023
66,427 
Depreciation
At 1 May 2022
16,607 
Charge for the year
12,455 
At 30 April 2023
29,062 
Net book value
At 30 April 2023
37,365 
At 30 April 2022
49,820 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due after more than one year
Other debtors
299,000 
- 
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Yingly Group UK Ltd Notes to the Accounts for the year ended 30 April 2023
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Trade creditors
1,300 
1,300 
Taxes and social security
16,900 
24,716 
Other creditors
11,503 
2,225 
Loans from directors
20,598 
21,716 
50,301 
49,957 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Other creditors
314,874 
234,851 
8
Average number of employees
During the year the average number of employees was 1 (2022: 1).
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