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Registered Number: 06638210
England and Wales

 

 

 


Unaudited Financial Statements

for the year ended 31 August 2023

for

YONG & LONDON LTD

Director S C Yong
Registered Number 06638210
Registered Office 9 The Oxgen
17 Seagull Lane
London
E16 1BH
1
 
 
Notes
 
2023
£
  2022
£
Fixed assets      
Tangible fixed assets 3 839    585 
Investments 4 30    30 
869    615 
Current assets      
Debtors: amounts falling due within one year 5 92,103    89,947 
Cash at bank and in hand 70,152    60,160 
162,255    150,107 
Creditors: amount falling due within one year 6 (41,944)   (27,354)
Net current assets 120,311    122,753 
 
Total assets less current liabilities 121,180    123,368 
Creditors: amount falling due after more than one year 7 (27,672)   (31,875)
Net assets 93,508    91,493 
 

Capital and reserves
     
Called up share capital 8 10    10 
Profit and loss account 93,498    91,483 
Shareholder's funds 93,508    91,493 
 


For the year ended 31 August 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 to the Registrar of Companies.
The financial statements were approved by the director on 28 April 2024 and were signed by:


-------------------------------
S C Yong
Director
2
General Information
Yong & London Ltd is a private company, limited by shares, registered in England and Wales, registration number 06638210, registration address 9 The Oxgen, 17 Seagull Lane, London, E16 1BH.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

Basis of preparation
The financial statements have been prepared on the going concern basis and under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.

The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Computer Equipment 25% Straight Line
Fixed asset investments
Fixed asset investments are stated at cost less provision for any permanent diminution in value. The company owned 30% interest in Donut Media Limited ("DML"), a company incorporated in England & Wales, with the same registered address of the company. DML currently has no trading activity.
Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. The cost of work in progress includes cost includes all direct costs and an appropriate proportion of fixed and variable overheads based on the normal level of activity. Net realisable value is based on estimated selling price less additional costs to completion and disposal.

2.

Average number of employees


Average number of employees during the year was 2 (2022 : 2).
3.

Tangible fixed assets

Cost or valuation Computer Equipment   Total
  £   £
At 01 September 2022 4,894    4,894 
Additions 729    729 
Disposals  
At 31 August 2023 5,623    5,623 
Depreciation
At 01 September 2022 4,309    4,309 
Charge for year 475    475 
On disposals  
At 31 August 2023 4,784    4,784 
Net book values
Closing balance as at 31 August 2023 839    839 
Opening balance as at 01 September 2022 585    585 


4.

Investments

Cost Other investments other than loans   Total
  £   £
At 01 September 2022  
Additions 30    30 
Transfer to/from tangible fixed assets  
Disposals  
At 31 August 2023 30    30 

5.

Debtors: amounts falling due within one year

2023
£
  2022
£
Trade Debtors 10,284    11,856 
Other Debtors 2,300    7,925 
Directors' Current Accounts 79,519    70,166 
92,103    89,947 

6.

Creditors: amount falling due within one year

2023
£
  2022
£
Bank Loans & Overdrafts 5,229    10,213 
Corporation Tax 9,447    17,549 
PAYE & Social Security 2,610    3,622 
Accrued Expenses 1,100    1,100 
Other Creditors 194    506 
Derivative liabilities 23,364    (5,636)
41,944    27,354 

7.

Creditors: amount falling due after more than one year

2023
£
  2022
£
Bank Loans & Overdrafts 27,672    31,875 
27,672    31,875 

8.

Share Capital

Allotted, called up and fully paid
2023
£
  2022
£
10 Ordinary shares of £1.00 each 10    10 
10    10 

9.

Transaction with director

At the balance sheet date, the amount due from Mr S C Yong was £79,519 (2022: due to £70,166). At the date of approval these financial statement, Mr S C Yong repaid the loan amount of £75,000.
3