IRIS Accounts Production v23.4.0.336 04485674 director 1.1.23 31.12.23 31.12.23 2.4.24 false true false false true false Auditors Opinion Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh044856742022-12-31044856742023-12-31044856742023-01-012023-12-31044856742021-12-31044856742022-01-012022-12-31044856742022-12-3104485674ns15:EnglandWales2023-01-012023-12-3104485674ns14:PoundSterling2023-01-012023-12-3104485674ns10:Director12023-01-012023-12-3104485674ns10:PrivateLimitedCompanyLtd2023-01-012023-12-3104485674ns10:SmallEntities2023-01-012023-12-3104485674ns10:Audited2023-01-012023-12-3104485674ns10:SmallCompaniesRegimeForDirectorsReport2023-01-012023-12-3104485674ns10:SmallCompaniesRegimeForAccounts2023-01-012023-12-3104485674ns10:FullAccounts2023-01-012023-12-3104485674ns10:OrdinaryShareClass12023-01-012023-12-3104485674ns10:RegisteredOffice2023-01-012023-12-3104485674ns5:CurrentFinancialInstruments2023-12-3104485674ns5:CurrentFinancialInstruments2022-12-3104485674ns5:ShareCapital2023-12-3104485674ns5:ShareCapital2022-12-3104485674ns5:RetainedEarningsAccumulatedLosses2023-12-3104485674ns5:RetainedEarningsAccumulatedLosses2022-12-3104485674ns10:OrdinaryShareClass12023-12-31
REGISTERED NUMBER: 04485674 (England and Wales)















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

YES! GROUP UK LIMITED

YES! GROUP UK LIMITED (REGISTERED NUMBER: 04485674)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


YES! GROUP UK LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTOR: M Alberti





REGISTERED OFFICE: Charlton House
Dour Street
DOVER
Kent
CT16 1BL





REGISTERED NUMBER: 04485674 (England and Wales)





AUDITORS: McCabe Ford Williams
Chartered Accountants
Charlton House
Dour Street
DOVER
Kent
CT16 1BL

YES! GROUP UK LIMITED (REGISTERED NUMBER: 04485674)

BALANCE SHEET
31 DECEMBER 2023

31.12.23 31.12.22
Notes £    £   
CURRENT ASSETS
Debtors 4 40,688 44,944
Cash at bank and in hand 40,654 36,713
81,342 81,657
CREDITORS
Amounts falling due within one year 5 23,665 33,002
NET CURRENT ASSETS 57,677 48,655
TOTAL ASSETS LESS CURRENT
LIABILITIES

57,677

48,655

CAPITAL AND RESERVES
Called up share capital 6 1,000,000 1,000,000
Retained earnings (942,323 ) (951,345 )
SHAREHOLDERS' FUNDS 57,677 48,655

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 26 March 2024 and were signed by:





M Alberti - Director


YES! GROUP UK LIMITED (REGISTERED NUMBER: 04485674)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1. STATUTORY INFORMATION

Yes! Group UK 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.

The presentation currency of the financial statements is the Pound Sterling (£).


The company's principal place of business is Second Floor, Vaughan Chambers, 4 Tonbridge Road, Maidstone, Kent ME16 8RP.

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 represents the net invoiced amount of services provided excluding value added tax.

Taxation
Taxation for the year comprises current 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 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.

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.

Foreign currencies
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 rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

YES! GROUP UK LIMITED (REGISTERED NUMBER: 04485674)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 40,688 44,944

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Taxation 2,838 1,590
Social security and other
taxes 16,774 19,155
Other creditors and accruals 4,053 12,257
23,665 33,002

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.23 31.12.22
value: £    £   
1,000,000 Ordinary £1 1,000,000 1,000,000

7. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Jonathan Fullarton BSc (Hons) FCA (Senior Statutory Auditor)
for and on behalf of McCabe Ford Williams

8. RELATED PARTY DISCLOSURES

During the year Yes! Group UK Limited carried out work on behalf of Alberti & Santi UK Limited (a company under common control) totalling £114,939 (2022 - £111,060). At the year end £40,688 (2022 - £44,944) was outstanding from Alberti & Santi UK Limited.

9. ULTIMATE PARENT COMPANY

The company is a subsidiary of 360 Payment Solutions SPA, the registered address of which is Via Quintino Sella, 3 20121, Milan, Italy. The directors regard 360 Payment Solutions SPA as the ultimate parent company.