9 June 2022 false No description of principal activity Taxfiler 2023.10 14160958business:PrivateLimitedCompanyLtd2022-06-092023-06-30 141609582022-06-08 141609582022-06-092023-06-30 14160958business:AuditExemptWithAccountantsReport2022-06-092023-06-30 14160958business:AbridgedAccounts2022-06-092023-06-30 141609582023-06-30 14160958business:Director12022-06-092023-06-30 14160958business:RegisteredOffice2022-06-092023-06-30 14160958core:AfterOneYear2023-06-30 14160958core:ShareCapitalcore:PreviouslyStatedAmount2023-06-30 14160958core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-06-30 14160958core:PreviouslyStatedAmount2023-06-30 14160958business:SmallEntities2022-06-092023-06-30 14160958countries:EnglandWales2022-06-092023-06-30 14160958core:PlantMachinery2022-06-092023-06-30 14160958core:FurnitureFittings2022-06-092023-06-30 iso4217:GBP xbrli:pure
Company Registration No. 14160958 (England and Wales)
Yifang Watford Limited Unaudited accounts for the period from 9 June 2022 to 30 June 2023
Yifang Watford Limited Unaudited accounts Contents
Page
- 2 -
Yifang Watford Limited Company Information for the period from 9 June 2022 to 30 June 2023
Director
Nim Yu Tin
Company Number
14160958 (England and Wales)
Registered Office
19 Queens Road Watford Hertfordshire WD17 2LH England
Accountants
Elaga Accountancy Ltd 75 Shelton St Covent Garden London WC2H 9JQ
- 3 -
Yifang Watford Limited Statement of financial position as at 30 June 2023
2023 
Notes
£ 
Fixed assets
Intangible assets
24,000 
Tangible assets
62,857 
86,857 
Current assets
Inventories
20,377 
Debtors
34,980 
Cash at bank and in hand
30,541 
85,898 
Net current assets
85,898 
Total assets less current liabilities
172,755 
Creditors: amounts falling due after more than one year
(195,000)
Net liabilities
(22,245)
Capital and reserves
Called up share capital
1 
Profit and loss account
(22,246)
Shareholders' funds
(22,245)
For the period ending 30 June 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 her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The members have agreed to the preparation of abridged accounts for the period in accordance with Section 444(2A).
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 February 2024 and were signed on its behalf by
Nim Yu Tin Director Company Registration No. 14160958
- 4 -
Yifang Watford Limited Notes to the Accounts for the period from 9 June 2022 to 30 June 2023
1
Statutory information
Yifang Watford Limited is a private company, limited by shares, registered in England and Wales, registration number 14160958. The registered office and principal place of business is 19 Queens Road, Watford, Hertfordshire, WD17 2LH, England.
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 of the book value in order to write off the assets over their estimated useful lives:
Plant & machinery
20%
Fixtures & fittings
20%
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Total 
£ 
Cost
At 9 June 2022
- 
Additions
30,000 
At 30 June 2023
30,000 
Amortisation
At 9 June 2022
- 
Charge for the period
6,000 
At 30 June 2023
6,000 
Net book value
At 30 June 2023
24,000 
- 5 -
Yifang Watford Limited Notes to the Accounts for the period from 9 June 2022 to 30 June 2023
5
Tangible fixed assets
Total 
£ 
Cost or valuation
At 9 June 2022
- 
Additions
78,571 
At 30 June 2023
78,571 
Depreciation
Charge for the period
15,714 
At 30 June 2023
15,714 
Net book value
At 30 June 2023
62,857 
6
Average number of employees
During the period the average number of employees was 1.
- 6 -