IRIS Accounts Production v24.1.9.2 09285058 director 1.11.22 31.10.23 31.10.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh092850582022-10-31092850582023-10-31092850582022-11-012023-10-31092850582021-10-31092850582021-11-012022-10-31092850582022-10-3109285058ns15:EnglandWales2022-11-012023-10-3109285058ns14:PoundSterling2022-11-012023-10-3109285058ns10:Director12022-11-012023-10-3109285058ns10:PrivateLimitedCompanyLtd2022-11-012023-10-3109285058ns10:SmallEntities2022-11-012023-10-3109285058ns10:AuditExempt-NoAccountantsReport2022-11-012023-10-3109285058ns10:SmallCompaniesRegimeForDirectorsReport2022-11-012023-10-3109285058ns10:SmallCompaniesRegimeForAccounts2022-11-012023-10-3109285058ns10:FullAccounts2022-11-012023-10-3109285058ns10:CompanySecretary12022-11-012023-10-3109285058ns10:RegisteredOffice2022-11-012023-10-3109285058ns5:CurrentFinancialInstruments2023-10-3109285058ns5:CurrentFinancialInstruments2022-10-3109285058ns5:ShareCapital2023-10-3109285058ns5:ShareCapital2022-10-3109285058ns5:RetainedEarningsAccumulatedLosses2023-10-3109285058ns5:RetainedEarningsAccumulatedLosses2022-10-3109285058ns5:OwnedOrFreeholdAssetsns5:LandBuildings2022-11-012023-10-3109285058ns5:PlantMachinery2022-11-012023-10-3109285058ns5:LandBuildings2022-10-3109285058ns5:PlantMachinery2022-10-3109285058ns5:LandBuildings2022-11-012023-10-3109285058ns5:LandBuildings2023-10-3109285058ns5:PlantMachinery2023-10-3109285058ns5:LandBuildings2022-10-3109285058ns5:PlantMachinery2022-10-3109285058ns5:RetainedEarningsAccumulatedLosses2022-10-3109285058ns5:RetainedEarningsAccumulatedLosses2022-11-012023-10-31
REGISTERED NUMBER: 09285058 (England and Wales)










Financial Statements

for the Year Ended 31 October 2023

for

Y & Y (Ne) Ltd

Y & Y (Ne) Ltd (Registered number: 09285058)






Contents of the Financial Statements
for the Year Ended 31 October 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Y & Y (Ne) Ltd

Company Information
for the Year Ended 31 October 2023







DIRECTOR: Ms Y Zhang





SECRETARY: B Yang





REGISTERED OFFICE: 7 Bondgate
Darlington
Co. Durham
DL3 7JA





REGISTERED NUMBER: 09285058 (England and Wales)





ACCOUNTANTS: SKS Bailey Group Limited
52-56 Coatsworth Road
Gateshead
NE8 1QN

Y & Y (Ne) Ltd (Registered number: 09285058)

Balance Sheet
31 October 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 549,684 387,520

CURRENT ASSETS
Stocks 2,520 1,650
Cash at bank and in hand 320,460 311,093
322,980 312,743
CREDITORS
Amounts falling due within one year 5 (141,418 ) (60,832 )
NET CURRENT ASSETS 181,562 251,911
TOTAL ASSETS LESS CURRENT
LIABILITIES

731,246

639,431

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 6 731,245 639,430
731,246 639,431

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The 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.

The financial statements were approved by the director and authorised for issue on 31 July 2024 and were signed by:





Ms Y Zhang - Director


Y & Y (Ne) Ltd (Registered number: 09285058)

Notes to the Financial Statements
for the Year Ended 31 October 2023

1. STATUTORY INFORMATION

Y & Y (Ne) Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

BASIS OF PREPARING THE FINANCIAL STATEMENTS
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

TURNOVER
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - Nil
Plant and machinery - 15% on reducing balance

STOCKS
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

TAXATION
Taxation for the year comprises current tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current 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.

HIRE PURCHASE AND LEASING COMMITMENTS
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

PENSION COSTS AND OTHER POST-RETIREMENT BENEFITS
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2022 - 8 ) .

Y & Y (Ne) Ltd (Registered number: 09285058)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

4. TANGIBLE FIXED ASSETS
Freehold Plant and
property machinery Totals
£    £    £   
COST
At 1 November 2022 385,336 7,188 392,524
Additions 161,543 1,116 162,659
At 31 October 2023 546,879 8,304 555,183
DEPRECIATION
At 1 November 2022 - 5,004 5,004
Charge for year - 495 495
At 31 October 2023 - 5,499 5,499
NET BOOK VALUE
At 31 October 2023 546,879 2,805 549,684
At 31 October 2022 385,336 2,184 387,520

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 23,184 24,714
Corporation tax 38,019 21,572
Social security and other tax 5,473 1,111
Pension Liability 197 115
VAT 37,761 11,701
Directors' current accounts 36,784 1,619
141,418 60,832

6. RESERVES
Retained
earnings
£   

At 1 November 2022 639,430
Profit for the year 91,815
At 31 October 2023 731,245