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REGISTERED NUMBER: 11790818 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 January 2024

for

Yang's Food Limited

Yang's Food Limited (Registered number: 11790818)






Contents of the Financial Statements
for the Year Ended 31 January 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Yang's Food Limited

Company Information
for the Year Ended 31 January 2024







DIRECTOR: S Yang





REGISTERED OFFICE: 176 Victoria Road
Kirkby In Ashfield
Nottingham
NG17 8AT





REGISTERED NUMBER: 11790818 (England and Wales)





ACCOUNTANTS: Lily Jie Limited
Chartered Certified Accountants
8B Accommodation Road
London
NW11 8ED

Yang's Food Limited (Registered number: 11790818)

Balance Sheet
31 January 2024

31/1/24 31/1/23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - 3,999
Tangible assets 5 7,939 10,585
7,939 14,584

CURRENT ASSETS
Stocks 900 825
Debtors 6 5,200 5,200
Cash at bank and in hand 18,483 13,599
24,583 19,624
CREDITORS
Amounts falling due within one year 7 16,856 16,783
NET CURRENT ASSETS 7,727 2,841
TOTAL ASSETS LESS CURRENT
LIABILITIES

15,666

17,425

CREDITORS
Amounts falling due after more than one
year

8

13,224

17,469
NET ASSETS/(LIABILITIES) 2,442 (44 )

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 2,441 (45 )
2,442 (44 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Yang's Food Limited (Registered number: 11790818)

Balance Sheet - continued
31 January 2024


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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 5 March 2024 and were signed by:





S Yang - Director


Yang's Food Limited (Registered number: 11790818)

Notes to the Financial Statements
for the Year Ended 31 January 2024

1. STATUTORY INFORMATION

Yang's Food 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.

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.

Turnover
Turnover 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 0, is being amortised evenly over its estimated useful life of nil years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance

Stocks
Stocks 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 Income Statement, 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.


Yang's Food Limited (Registered number: 11790818)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

2. ACCOUNTING POLICIES - continued
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 4 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 February 2023
and 31 January 2024 19,999
AMORTISATION
At 1 February 2023 16,000
Charge for year 3,999
At 31 January 2024 19,999
NET BOOK VALUE
At 31 January 2024 -
At 31 January 2023 3,999

Yang's Food Limited (Registered number: 11790818)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 February 2023
and 31 January 2024 1,690 21,880 23,570
DEPRECIATION
At 1 February 2023 260 12,725 12,985
Charge for year 598 2,048 2,646
At 31 January 2024 858 14,773 15,631
NET BOOK VALUE
At 31 January 2024 832 7,107 7,939
At 31 January 2023 1,430 9,155 10,585

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/1/24 31/1/23
£    £   
Other debtors 5,200 5,200

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/1/24 31/1/23
£    £   
Trade creditors 1 -
Taxation and social security 9,060 8,131
Other creditors 7,795 8,652
16,856 16,783

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31/1/24 31/1/23
£    £   
Bank loans 13,224 17,469

9. POST BALANCE SHEET EVENTS

There has been no significant event since the reporting date.