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REGISTERED NUMBER: 10533580 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

FOR

YUVILITE LIMITED

YUVILITE LIMITED (REGISTERED NUMBER: 10533580)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


YUVILITE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTORS: V Rana
Y Rana





REGISTERED OFFICE: 220-222
West Hendon Broadway
London
NW9 7EE





REGISTERED NUMBER: 10533580 (England and Wales)





ACCOUNTANTS: Macalvins Limited
Chartered Accountants
7 St John's Road
Harrow
Middlesex
HA1 2EY

YUVILITE LIMITED (REGISTERED NUMBER: 10533580)

BALANCE SHEET
31 MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 60,000 75,000
Tangible assets 5 562,253 553,518
Investment property 6 1,042,000 1,042,000
1,664,253 1,670,518

CURRENT ASSETS
Inventories 7 34,500 30,000
Debtors 8 5,718 35,371
Cash at bank and in hand 49,601 10,585
89,819 75,956
CREDITORS
Amounts falling due within one year 9 801,275 676,547
NET CURRENT LIABILITIES (711,456 ) (600,591 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

952,797

1,069,927

CREDITORS
Amounts falling due after more than one year 10 (60,968 ) (202,706 )

PROVISIONS FOR LIABILITIES 11 (148,338 ) (148,338 )
NET ASSETS 743,491 718,883

CAPITAL AND RESERVES
Called up share capital 12 100 100
Undistributable reserve 13 632,388 632,388
Retained earnings 111,003 86,395
SHAREHOLDERS' FUNDS 743,491 718,883

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

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

The directors acknowledge their 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.

YUVILITE LIMITED (REGISTERED NUMBER: 10533580)

BALANCE SHEET - continued
31 MARCH 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 Profit and loss account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 17 October 2023 and were signed on its behalf by:





V Rana - Director


YUVILITE LIMITED (REGISTERED NUMBER: 10533580)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1. STATUTORY INFORMATION

Yuvilite 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 as modified by the revaluation of certain assets.

Going Concern
The financial statements have been prepared on a going concern basis, notwithstanding net liabilities at the balance sheet totalling £684,726 (2022: £600,591). The directors consider this basis to be appropriate for the following reasons:

The directors will continue to support the company financially for the foreseeable future and that they will not seek repayment of the amount currently owing to them in the twelve months from the date of signing the financial statements.

Turnover
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2017, is being amortised evenly over its estimated useful life of ten years.

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 - 25% reducing balance
Motor vehicles - 25% reducing balance
Computer equipment - 3 years straight line

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stocks
Inventories 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 Profit and loss account, 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.

YUVILITE LIMITED (REGISTERED NUMBER: 10533580)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

2. ACCOUNTING POLICIES - continued

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Freehold property
Freehold property is shown at most recent valuation.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 4 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2022
and 31 March 2023 150,000
AMORTISATION
At 1 April 2022 75,000
Charge for year 15,000
At 31 March 2023 90,000
NET BOOK VALUE
At 31 March 2023 60,000
At 31 March 2022 75,000

5. TANGIBLE ASSETS
Fixtures
Freehold and Motor Computer
property fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 April 2022 550,000 185 9,741 2,348 562,274
Additions - 102 13,375 345 13,822
Disposals - - (9,741 ) - (9,741 )
At 31 March 2023 550,000 287 13,375 2,693 566,355
DEPRECIATION
At 1 April 2022 - 141 7,430 1,185 8,756
Charge for year - 32 1,951 793 2,776
Eliminated on disposal - - (7,430 ) - (7,430 )
At 31 March 2023 - 173 1,951 1,978 4,102
NET BOOK VALUE
At 31 March 2023 550,000 114 11,424 715 562,253
At 31 March 2022 550,000 44 2,311 1,163 553,518

YUVILITE LIMITED (REGISTERED NUMBER: 10533580)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2022
and 31 March 2023 1,042,000
NET BOOK VALUE
At 31 March 2023 1,042,000
At 31 March 2022 1,042,000

The fair value of the investment property has been arrived at on the basis of a valuation carried out at 31 March 2023 by the members. The open market value of the investment properties is not significantly different to the value as stated above.

Fair value at 31 March 2023 is represented by:
£   
Valuation in 2022 1,042,000

In the opinion of the directors, the open market value of the investment properties at 31 March 2023 is as stated above.

7. INVENTORIES
2023 2022
£    £   
Finished goods 34,500 30,000

8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 4,321 35,203
VAT 1,089 -
Prepayments 308 168
5,718 35,371

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 20,323 48,068
Trade creditors 48,120 33,714
Amounts owed to group undertakings 176,416 74,285
Corporation Tax payable 9,514 7,218
Social security and other taxes 323 (936 )
Pension payable 104 -
VAT - 2,037
Director's current account 509,561 509,561
Accrued expenses 36,914 2,600
801,275 676,547

10. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans - 1-2 years 20,323 48,068
Bank loans - 2-5 years 40,645 -
Other loans - 154,638
60,968 202,706

YUVILITE LIMITED (REGISTERED NUMBER: 10533580)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

11. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 148,338 148,338

Deferred
tax
£   
Balance at 1 April 2022 148,338
Balance at 31 March 2023 148,338

12. CALLED UP SHARE CAPITAL

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

13. RESERVES
Undistributable
reserve
£   
At 1 April 2022
and 31 March 2023 632,388

14. RELATED PARTY DISCLOSURES

Included within creditors as at the year end is £509,561 (2022: £509,561) an amount owed to the directors of the company. The amount is unsecured and there are no specific terms of the repayment of this loan.