Registered number
06848573
Yappdesign Limited
Unaudited Filleted Accounts
31 March 2024
Yappdesign Limited
Registered number: 06848573
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 - 465
Current assets
Debtors 4 - 638
Cash at bank and in hand 1,756 1,030
1,756 1,668
Creditors: amounts falling due within one year 5 (11,892) (9,480)
Net current liabilities (10,136) (7,812)
Net liabilities (10,136) (7,347)
Capital and reserves
Called up share capital 500 500
Profit and loss account (10,636) (7,847)
Shareholders' funds (10,136) (7,347)
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Derek Yapp
Director
Approved by the board on 6 April 2024
Yappdesign Limited
Notes to the Accounts
for the year ended 31 March 2024
1 Accounting policies
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fixtures, fittings, tools and equipment over 4 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 2
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 April 2023 7,283
At 31 March 2024 7,283
Depreciation
At 1 April 2023 6,818
Charge for the year 465
At 31 March 2024 7,283
Net book value
At 31 March 2024 -
At 31 March 2023 465
4 Debtors 2024 2023
£ £
Other debtors - 638
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 585 558
Other creditors 11,307 8,922
11,892 9,480
6 Other information
Yappdesign Limited is a private company limited by shares and incorporated in England. Its registered office is:
John Ellis & Co Ltd
The Barn, 173 Church Road
Northfield
Birmingham
B31 2LX
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