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Company Registration No. 08915707 (England and Wales)
YOLO IT Limited Unaudited accounts for the year ended 31 May 2023
YOLO IT Limited Unaudited accounts Contents
Page
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YOLO IT Limited Company Information for the year ended 31 May 2023
Director
Paul Ingram
Company Number
08915707 (England and Wales)
Registered Office
Suite 102. 111 West George Street, Glasgow G2 1QX
Accountants
Bradbury Stell Unit 2 Beverley Court 26 Elmtree Road Teddington Middlesex TW11 8ST
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YOLO IT Limited Statement of financial position as at 31 May 2023
2023 
2022 
Notes
£ 
£ 
Current assets
Debtors
361,637 
323,870 
Cash at bank and in hand
- 
3,861 
361,637 
327,731 
Creditors: amounts falling due within one year
(336,515)
(326,437)
Net current assets
25,122 
1,294 
Total assets less current liabilities
25,122 
1,294 
Creditors: amounts falling due after more than one year
(20,000)
- 
Net assets
5,122 
1,294 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
5,121 
1,293 
Shareholders' funds
5,122 
1,294 
For the year ending 31 May 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 28 January 2024 and were signed on its behalf by
Paul Ingram Director Company Registration No. 08915707
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YOLO IT Limited Notes to the Accounts for the year ended 31 May 2023
1
Statutory information
YOLO IT Limited is a private company, limited by shares, registered in England and Wales, registration number 08915707. The registered office is Suite 102. 111 West George Street, , Glasgow , G2 1QX.
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 accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
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:
Fixtures & fittings
25%
4
Tangible fixed assets
Fixtures & fittings 
£ 
Cost or valuation
At cost 
At 1 June 2022
4,877 
At 31 May 2023
4,877 
Depreciation
At 1 June 2022
4,877 
At 31 May 2023
4,877 
Net book value
At 31 May 2023
- 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Amounts due from group undertakings etc.
13,364 
- 
Other debtors
348,273 
323,870 
361,637 
323,870 
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YOLO IT Limited Notes to the Accounts for the year ended 31 May 2023
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
10,000 
35,439 
VAT
110,204 
100,434 
Taxes and social security
214,232 
188,487 
Accruals
2,079 
2,077 
336,515 
326,437 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
20,000 
- 
8
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Paul Ingram
Paul Ingram
312,945 
35,328 
- 
348,273 
312,945 
35,328 
- 
348,273 
9
Average number of employees
During the year the average number of employees was 0 (2022: 0).
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