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Company Registration No. 08151574 (England and Wales)
YUYU Designs Limited Unaudited accounts for the year ended 31 March 2023
YUYU Designs Limited Unaudited accounts Contents
Page
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YUYU Designs Limited Company Information for the year ended 31 March 2023
Director
Richard Yu
Company Number
08151574 (England and Wales)
Registered Office
Lynton House 7-12 Tavistock Square London Surrey WC1H 9LT United Kingdom
Accountants
Miss D Griffin MAAT 110 Croydon Road Beddington Surrey CR0 4PF
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YUYU Designs Limited Accountants' report
Accountants' report to the director of YUYU Designs Limited (the company)
These financial statements have been prepared in accordance with our terms of engagement and in order to assist you to fulfil your duties under the Companies Acts that relate to preparing the financial statements of the company for the year ended 31 March 2023.
We have prepared these financial statements based on the accounting records, information and explanations provided by you. We do not express any opinion on the financial statements.
On the balance sheet you have acknowledged your duties under the prevailing Companies Acts to ensure that the company keeps adequate accounting records and prepares financial statements that give "a true and fair view".
You have determined that the company is exempt from the statutory requirement for an audit for the year ended 31 March 2023. Therefore, the financial statements are unaudited.
The financial statements are provided exclusively to the director for the limited purpose mentioned above, and may not be used or relied upon for any other purpose or by any other person, and we shall not be liable for any other usage or reliance.
Miss D Griffin MAAT 110 Croydon Road Beddington Surrey CR0 4PF 31 December 2023
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YUYU Designs Limited Statement of financial position as at 31 March 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
16,276 
19,961 
Current assets
Inventories
119,872 
263,482 
Debtors
393,055 
457,720 
Cash at bank and in hand
147,363 
160,372 
660,290 
881,574 
Creditors: amounts falling due within one year
(271,622)
(492,788)
Net current assets
388,668 
388,786 
Total assets less current liabilities
404,944 
408,747 
Provisions for liabilities
Deferred tax
(148)
(3,793)
Net assets
404,796 
404,954 
Capital and reserves
Called up share capital
1,000 
1,000 
Profit and loss account
403,796 
403,954 
Shareholders' funds
404,796 
404,954 
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. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 31 December 2023 and were signed on its behalf by
Richard Yu Director Company Registration No. 08151574
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YUYU Designs Limited Notes to the Accounts for the year ended 31 March 2023
1
Statutory information
YUYU Designs Limited is a private company, limited by shares, registered in England and Wales, registration number 08151574. The registered office is Lynton House, 7-12 Tavistock Square, London, Surrey, WC1H 9LT, United Kingdom.
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 financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.
Presentation currency
The accounts are presented in £ sterling.
Foreign exchange
Monetary 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 rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
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.
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
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YUYU Designs Limited Notes to the Accounts for the year ended 31 March 2023
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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:
Plant & machinery
10% reducing balance
Computer equipment
25% Straight Line
Stock
Stocks have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
4
Tangible fixed assets
Plant & machinery 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 April 2022
24,656 
16,716 
41,372 
Additions
- 
497 
497 
At 31 March 2023
24,656 
17,213 
41,869 
Depreciation
At 1 April 2022
11,241 
10,170 
21,411 
Charge for the year
1,341 
2,841 
4,182 
At 31 March 2023
12,582 
13,011 
25,593 
Net book value
At 31 March 2023
12,074 
4,202 
16,276 
At 31 March 2022
13,415 
6,546 
19,961 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
173,488 
185,765 
Accrued income and prepayments
162,825 
265,787 
Other debtors
56,742 
6,168 
393,055 
457,720 
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YUYU Designs Limited Notes to the Accounts for the year ended 31 March 2023
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
21,916 
- 
Trade creditors
97,998 
104,924 
Taxes and social security
15,616 
9,667 
Other creditors
1,027 
7,943 
Loans from directors
122,746 
120,429 
Accruals
11,538 
249,825 
Deferred income
781 
- 
271,622 
492,788 
7
Transactions with related parties
At the year end, included within creditors falling due under one year were amounts due to a director amounting to £122,745 (2022 - £120,429)
8
Average number of employees
During the year the average number of employees was 6 (2022: 6).
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