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
The Yellow Chair Ltd
Company Information
for the year ended 31 August 2023
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
The Yellow Chair Ltd
Statement of financial position
as at 31 August 2023
Cash at bank and in hand
45,754
28,680
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
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
The Yellow Chair Ltd
Notes to the Accounts
for the year ended 31 August 2023
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents net invoiced sales of goods and services, excluding value added tax.
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.
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 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 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.
The Yellow Chair Ltd
Notes to the Accounts
for the year ended 31 August 2023
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
5
Tangible fixed assets
Computer equipment
Amounts falling due within one year
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
Taxes and social security
8,700
1,139
Loans from directors
-
2,828
Deferred income
27,232
25,000
8
Average number of employees
During the year the average number of employees was 1 (2022: 1).