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Registration number: 08641667

YB Medical Ltd

Annual Report and Unaudited Financial Statements

for the Period from 27 August 2021 to 25 August 2022

 

YB Medical Ltd

Contents

Balance Sheet

1

Notes to the Unaudited Financial Statements

2 to 4

 

YB Medical Ltd

(Registration number: 08641667)
Balance Sheet as at 25 August 2022

Note

2022
£

2021
£

Fixed assets

 

Tangible assets

4

54,884

79,886

Current assets

 

Debtors

5

153,172

81,441

Cash at bank and in hand

 

39,193

27,775

 

192,365

109,216

Creditors: Amounts falling due within one year

6

(123,189)

(56,852)

Net current assets

 

69,176

52,364

Total assets less current liabilities

 

124,060

132,250

Creditors: Amounts falling due after more than one year

6

(162,154)

(130,480)

Net (liabilities)/assets

 

(38,094)

1,770

Capital and reserves

 

Called up share capital

200

200

Retained earnings

(38,294)

1,570

Shareholders' (deficit)/funds

 

(38,094)

1,770

For the financial period ending 25 August 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 14 November 2023 and signed on its behalf by:
 

.........................................
Dr Youssef Amal Beaini
Director

 

YB Medical Ltd

Notes to the Unaudited Financial Statements for the Period from 27 August 2021 to 25 August 2022

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Auker Rhodes
Basement Floor
Focus House, Focus Way
Yeadon
LS19 7DB

These financial statements were authorised for issue by the Board on 14 November 2023.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

At the balance sheet date the company had net liabilities of £38,094 . The directors believe it to be appropriate to prepare the financial statements on the going concern basis, despite the fact that the company is technically insolvent at 25 August 2022 This is due to the continued support of the directors. The financial statements do not include any adjustments that would result from a withdrawal of this support.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Motor vehicles

25% on Cost

Furniture,fitting and equipment

20% and 33.33% on Cost

Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and
rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the Balance Sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the Profit and Loss Account and reduction of the lease
obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

 

YB Medical Ltd

Notes to the Unaudited Financial Statements for the Period from 27 August 2021 to 25 August 2022

3

Staff numbers

The average number of persons employed by the company (including directors) during the period, was 2 (2021 - 2).

4

Tangible assets

Furniture, fittings and equipment
 £

Motor vehicles
 £

Total
£

Cost or valuation

At 27 August 2021

18,031

86,663

104,694

At 25 August 2022

18,031

86,663

104,694

Depreciation

At 27 August 2021

13,975

10,833

24,808

Charge for the period

3,336

21,666

25,002

At 25 August 2022

17,311

32,499

49,810

Carrying amount

At 25 August 2022

720

54,164

54,884

At 26 August 2021

4,056

75,830

79,886

5

Debtors

Current

2022
£

2021
£

Other debtors

153,172

81,441

 

YB Medical Ltd

Notes to the Unaudited Financial Statements for the Period from 27 August 2021 to 25 August 2022

6

Creditors

Creditors: amounts falling due within one year

Note

2022
£

2021
£

Due within one year

 

Loans and borrowings

40,253

27,753

trade creditors

 

4,700

4,600

Taxation and social security

 

285

1,022

Accruals and deferred income

 

4,800

4,700

Other creditors

 

73,151

18,777

 

123,189

56,852

Creditors: amounts falling due after more than one year

Note

2022
£

2021
£

Due after one year

 

Loans and borrowings

162,154

130,480

7

Related party transactions

Summary of transactions with other related parties

Dr Youssef Amal Beaini and Mrs Hannah Beaini
( Directors )

 There were no disclosable transactions in the year. At the balance sheet date the amount due from Dr Youssef Amal Beaini and Mrs Hannah Beaini was £107,658 (2021 - £68,151).