28 February 2023 false No description of principal activity Taxfiler 2023.14 14695274business:PrivateLimitedCompanyLtd2023-02-282024-02-29 146952742023-02-27 146952742023-02-282024-02-29 14695274business:AuditExemptWithAccountantsReport2023-02-282024-02-29 14695274business:FilletedAccounts2023-02-282024-02-29 146952742024-02-29 14695274core:WithinOneYear2024-02-29 14695274core:ShareCapitalcore:PreviouslyStatedAmount2024-02-29 14695274core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-02-29 14695274core:PreviouslyStatedAmount2024-02-29 14695274business:SmallEntities2023-02-282024-02-29 14695274business:Director12023-02-282024-02-29 14695274countries:EnglandWales2023-02-282024-02-29 14695274business:RegisteredOffice2023-02-282024-02-29 14695274core:ComputerEquipment2023-02-282024-02-29 14695274core:ComputerEquipment2023-02-27 14695274core:ComputerEquipment2024-02-29 14695274business:OrdinaryShareClass12023-02-282024-02-29 iso4217:GBP xbrli:shares xbrli:pure
Company Registration No. 14695274 (England and Wales)
YM GLOBAL LOGISTICS LTD Unaudited accounts for the period from 28 February 2023 to 29 February 2024
YM GLOBAL LOGISTICS LTD Unaudited accounts Contents
Page
- 2 -
YM GLOBAL LOGISTICS LTD Statement of financial position as at 29 February 2024
2024 
Notes
£ 
Fixed assets
Tangible assets
1,237 
Current assets
Debtors
18,580 
Cash at bank and in hand
8,604 
27,184 
Creditors: amounts falling due within one year
(18,804)
Net current assets
8,380 
Net assets
9,617 
Capital and reserves
Called up share capital
1 
Profit and loss account
9,616 
Shareholders' funds
9,617 
For the period ending 29 February 2024 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 her 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 8 March 2024 and were signed on its behalf by
Ayesha Yakub Director Company Registration No. 14695274
- 3 -
YM GLOBAL LOGISTICS LTD Notes to the Accounts for the period from 28 February 2023 to 29 February 2024
1
Statutory information
YM GLOBAL LOGISTICS LTD is a private company, limited by shares, registered in England and Wales, registration number 14695274. The registered office is PLOT 2 WELHAM LANE, GREAT BOWDEN, MARKET HARBOROUGH, LEICESTERSHIRE, LE16 7HS, 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 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:
Computer equipment
Over 2 years
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.
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 28 February 2023
- 
Additions
2,623 
Disposals
(340)
At 29 February 2024
2,283 
Depreciation
Charge for the period
1,046 
At 29 February 2024
1,046 
Net book value
At 29 February 2024
1,237 
- 4 -
YM GLOBAL LOGISTICS LTD Notes to the Accounts for the period from 28 February 2023 to 29 February 2024
5
Debtors
2024 
£ 
Amounts falling due within one year
VAT
244 
Trade debtors
18,336 
18,580 
6
Creditors: amounts falling due within one year
2024 
£ 
Trade creditors
15,587 
Taxes and social security
1,970 
Loans from directors
1,197 
Accruals
50 
18,804 
7
Share capital
2024 
£ 
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1 
Shares issued during the period:
1 Ordinary shares of £1 each
1 
8
Average number of employees
During the period the average number of employees was 1.
- 5 -