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REGISTERED NUMBER: 08214758 (England and Wales)










Unaudited Financial Statements

for the Year Ended 31st January 2023

for

Yolo Leisure Limited

Yolo Leisure Limited (Registered number: 08214758)

Contents of the Financial Statements
for the Year Ended 31st January 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Yolo Leisure Limited

Company Information
for the Year Ended 31st January 2023







Director: M S Mohamud





Registered office: 10 Park Place
Manchester
M4 4EY





Registered number: 08214758 (England and Wales)





Accountants: DBF Associates
Chartered Accountants
South Cheetham B C
10 Park Place
Manchester
Lancashire
M4 4EY

Yolo Leisure Limited (Registered number: 08214758)

Balance Sheet
31st January 2023

2023 2022
Notes £    £    £    £   
Fixed assets
Tangible assets 4 200,422 229,553

Current assets
Stocks 36,558 34,527
Debtors 5 617,309 272,501
Cash at bank and in hand 57,305 477,808
711,172 784,836
Creditors
Amounts falling due within one year 6 272,174 266,028
Net current assets 438,998 518,808
Total assets less current liabilities 639,420 748,361

Creditors
Amounts falling due after more than one
year

7

151,152

150,000
Net assets 488,268 598,361

Capital and reserves
Called up share capital 8 100 100
Retained earnings 488,168 598,261
Shareholders' funds 488,268 598,361

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st January 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.

Yolo Leisure Limited (Registered number: 08214758)

Balance Sheet - continued
31st January 2023


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 20th October 2023 and were signed by:





M S Mohamud - Director


Yolo Leisure Limited (Registered number: 08214758)

Notes to the Financial Statements
for the Year Ended 31st January 2023


1. Statutory information

Yolo Leisure Limited 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.
Fixtures and fittings - 20% on reducing balance
Equipment - 15% on reducing balance

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 Statement of Income and Retained Earnings, 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 38 (2022 - 38 ) .

Yolo Leisure Limited (Registered number: 08214758)

Notes to the Financial Statements - continued
for the Year Ended 31st January 2023


4. Tangible fixed assets
Fixtures
and
fittings Equipment Totals
£    £    £   
Cost
At 1st February 2022 522,190 34,308 556,498
Additions 20,432 - 20,432
At 31st January 2023 542,622 34,308 576,930
Depreciation
At 1st February 2022 301,329 25,616 326,945
Charge for year 48,259 1,304 49,563
At 31st January 2023 349,588 26,920 376,508
Net book value
At 31st January 2023 193,034 7,388 200,422
At 31st January 2022 220,861 8,692 229,553

5. Debtors: amounts falling due within one year
2023 2022
£    £   
Trade debtors - 41,182
Other debtors 617,309 231,319
617,309 272,501

6. Creditors: amounts falling due within one year
2023 2022
£    £   
Bank loans and overdrafts 1,427 4,995
Trade creditors 223,044 152,670
Taxation and social security 46,453 107,563
Other creditors 1,250 800
272,174 266,028

7. Creditors: amounts falling due after more than one year
2023 2022
£    £   
Bank loans 100,000 130,000
Other creditors 51,152 20,000
151,152 150,000

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal - 130,000

Yolo Leisure Limited (Registered number: 08214758)

Notes to the Financial Statements - continued
for the Year Ended 31st January 2023


8. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary 1 100 100