2 false false false false false false false false false true false false false false false false No description of principal activity 2022-04-01 Sage Accounts Production Advanced 2021 - FRS102_2021 3,371 2,548 127 2,675 696 823 xbrli:pure xbrli:shares iso4217:GBP 07601074 2022-04-01 2023-03-31 07601074 2023-03-31 07601074 2022-03-31 07601074 2021-04-01 2022-03-31 07601074 2022-03-31 07601074 bus:Director1 2022-04-01 2023-03-31 07601074 core:WithinOneYear 2023-03-31 07601074 core:WithinOneYear 2022-03-31 07601074 core:ShareCapital 2023-03-31 07601074 core:ShareCapital 2022-03-31 07601074 core:RetainedEarningsAccumulatedLosses 2023-03-31 07601074 core:RetainedEarningsAccumulatedLosses 2022-03-31 07601074 bus:SmallEntities 2022-04-01 2023-03-31 07601074 bus:AuditExemptWithAccountantsReport 2022-04-01 2023-03-31 07601074 bus:FullAccounts 2022-04-01 2023-03-31 07601074 bus:SmallCompaniesRegimeForAccounts 2022-04-01 2023-03-31 07601074 bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 07601074 core:ComputerEquipment 2022-04-01 2023-03-31 07601074 core:ComputerEquipment 2023-03-31 07601074 core:ComputerEquipment 2022-03-31
COMPANY REGISTRATION NUMBER: 07601074
YASOM LIMITED
FILLETED UNAUDITED FINANCIAL STATEMENTS
31 March 2023
YASOM LIMITED
STATEMENT OF FINANCIAL POSITION
31 March 2023
2023
2022
Note
£
£
£
£
FIXED ASSETS
Tangible assets
5
696
823
CURRENT ASSETS
Debtors
6
3,915
5,338
Cash at bank and in hand
67,499
70,100
--------
--------
71,414
75,438
CREDITORS: amounts falling due within one year
7
18,023
24,745
--------
--------
NET CURRENT ASSETS
53,391
50,693
--------
--------
TOTAL ASSETS LESS CURRENT LIABILITIES
54,087
51,516
--------
--------
NET ASSETS
54,087
51,516
--------
--------
CAPITAL AND RESERVES
Called up share capital fully paid
100
100
Profit and loss account
53,987
51,416
--------
--------
SHAREHOLDERS FUNDS
54,087
51,516
--------
--------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 March 2023 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 financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
YASOM LIMITED
STATEMENT OF FINANCIAL POSITION (continued)
31 March 2023
These financial statements were approved by the board of directors and authorised for issue on 14 December 2023 , and are signed on behalf of the board by:
Mr S M El-Rabaa
Director
Company registration number: 07601074
YASOM LIMITED
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 MARCH 2023
1. GENERAL INFORMATION
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 5 St. Pauls Court, Kettering, Northamptonshire, NN15 7QH.
2. STATEMENT OF COMPLIANCE
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. ACCOUNTING POLICIES
Basis of preparation
The financial statements have been prepared on the historical cost basis.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Revenue recognition
The turnover shown in the profit and loss account represents amounts receivable during the year, exclusive of Value Added Tax. In respect of long-term contracts and contracts for on-going services, turnover represents the value of work done in the year, including estimates of amounts not invoiced. Turnover in respect of long-term contracts and contracts for on-going services is recognised by reference to the stage of completion.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Office equipment
-
25% reducing balance
4. EMPLOYEE NUMBERS
The average number of persons employed by the company during the year amounted to 2 (2022: 3 ).
5. TANGIBLE ASSETS
Office equipment
£
Cost
At 1 April 2022 and 31 March 2023
3,371
-------
Depreciation
At 1 April 2022
2,548
Charge for the year
127
-------
At 31 March 2023
2,675
-------
Carrying amount
At 31 March 2023
696
-------
At 31 March 2022
823
-------
6. DEBTORS
2023
2022
£
£
Trade debtors
3,915
5,338
-------
-------
7. CREDITORS: amounts falling due within one year
2023
2022
£
£
Trade creditors
577
Corporation tax
4,065
10,450
Other creditors
13,958
13,718
--------
--------
18,023
24,745
--------
--------