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Company Registration No. 08174676 (England and Wales)
The Yellow Chair Ltd Unaudited accounts for the year ended 31 August 2023
The Yellow Chair Ltd Unaudited accounts Contents
Page
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The Yellow Chair Ltd Company Information for the year ended 31 August 2023
Director
J R Rennison
Company Number
08174676 (England and Wales)
Registered Office
124 CITY ROAD LONDON EC1V 2NX ENGLAND
Accountants
Momentum 360 Limited 124 City Road London EC1V 2NX
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The Yellow Chair Ltd Statement of financial position as at 31 August 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Intangible assets
2 
2 
Tangible assets
4,901 
150 
4,903 
152 
Current assets
Debtors
4,888 
3,650 
Cash at bank and in hand
45,754 
28,680 
50,642 
32,330 
Creditors: amounts falling due within one year
(37,859)
(31,627)
Net current assets
12,783 
703 
Total assets less current liabilities
17,686 
855 
Provisions for liabilities
Deferred tax
(931)
(28)
Net assets
16,755 
827 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
16,655 
727 
Shareholders' funds
16,755 
827 
For the year ending 31 August 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 his 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 6 March 2024 and were signed on its behalf by
J R Rennison Director Company Registration No. 08174676
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The Yellow Chair Ltd Notes to the Accounts for the year ended 31 August 2023
1
Statutory information
The Yellow Chair Ltd is a private company, limited by shares, registered in England and Wales, registration number 08174676. The registered office is 124 CITY ROAD, LONDON, EC1V 2NX, 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 remained unchanged from the previous year, and also 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.
Turnover
Turnover represents net invoiced sales of goods and services, excluding value added tax.
Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2013, is being amortised evenly over its estimated useful life of three years.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment
33.33% on cost
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.
Deferred taxation
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.
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The Yellow Chair Ltd Notes to the Accounts for the year ended 31 August 2023
Pension costs
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 September 2022
5,000 
At 31 August 2023
5,000 
Amortisation
At 1 September 2022
4,998 
At 31 August 2023
4,998 
Net book value
At 31 August 2023
2 
At 31 August 2022
2 
5
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 September 2022
5,350 
Additions
6,748 
Disposals
(2,248)
At 31 August 2023
9,850 
Depreciation
At 1 September 2022
5,200 
Charge for the year
1,995 
On disposals
(2,246)
At 31 August 2023
4,949 
Net book value
At 31 August 2023
4,901 
At 31 August 2022
150 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
4,265 
3,650 
Other debtors
623 
- 
4,888 
3,650 
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The Yellow Chair Ltd Notes to the Accounts for the year ended 31 August 2023
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Trade creditors
726 
524 
Taxes and social security
8,700 
1,139 
Other creditors
221 
72 
Loans from directors
- 
2,828 
Accruals
980 
2,064 
Deferred income
27,232 
25,000 
37,859 
31,627 
8
Average number of employees
During the year the average number of employees was 1 (2022: 1).
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