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Company Registration No. SC548854 (Scotland)
Yo Soy Group Limited Unaudited accounts for the year ended 31 October 2023
Yo Soy Group Limited Unaudited accounts Contents
Page
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Yo Soy Group Limited Company Information for the year ended 31 October 2023
Directors
Mr AJ Rennie Mr TJ O'Brien
Company Number
SC548854 (Scotland)
Registered Office
41 Lothian Street Edinburgh EH1 1HB
Accountants
Added Accounting Ltd 8 Whitehouse Crescent Gorebridge EH23 4FT
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Yo Soy Group Limited Statement of financial position as at 31 October 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
35,466 
45,874 
Current assets
Inventories
25,412 
15,507 
Debtors
205,701 
112,676 
Cash at bank and in hand
80,521 
124,408 
311,634 
252,591 
Creditors: amounts falling due within one year
(193,131)
(168,226)
Net current assets
118,503 
84,365 
Total assets less current liabilities
153,969 
130,239 
Creditors: amounts falling due after more than one year
(15,175)
(24,867)
Net assets
138,794 
105,372 
Capital and reserves
Called up share capital
1,000 
1,000 
Capital contribution reserve
101,336 
101,336 
Profit and loss account
36,458 
3,036 
Shareholders' funds
138,794 
105,372 
For the year ending 31 October 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 directors acknowledge their 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 of Directors and authorised for issue on 24 July 2024 and were signed on its behalf by
Mr AJ Rennie Director Company Registration No. SC548854
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Yo Soy Group Limited Notes to the Accounts for the year ended 31 October 2023
1
Statutory information
Yo Soy Group Limited is a private company, limited by shares, registered in Scotland, registration number SC548854. The registered office is 41 Lothian Street, Edinburgh, EH1 1HB .
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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% on Straight Line
Motor vehicles
20% on Straight Line
Fixtures & fittings
20% on Straight Line
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
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Yo Soy Group Limited Notes to the Accounts for the year ended 31 October 2023
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 November 2022
90,916 
6,800 
72,900 
170,616 
Additions
7,889 
- 
7,495 
15,384 
Disposals
(6,659)
- 
- 
(6,659)
At 31 October 2023
92,146 
6,800 
80,395 
179,341 
Depreciation
At 1 November 2022
63,989 
4,447 
56,306 
124,742 
Charge for the year
16,442 
1,167 
6,629 
24,238 
On disposals
(5,105)
- 
- 
(5,105)
At 31 October 2023
75,326 
5,614 
62,935 
143,875 
Net book value
At 31 October 2023
16,820 
1,186 
17,460 
35,466 
At 31 October 2022
26,927 
2,353 
16,594 
45,874 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
2,296 
18,067 
Amounts due from group undertakings etc.
167,030 
33,734 
Accrued income and prepayments
10,500 
35,000 
Other debtors
25,875 
25,875 
205,701 
112,676 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
10,658 
10,966 
Trade creditors
76,882 
77,753 
Taxes and social security
96,142 
74,649 
Other creditors
8,686 
2,578 
Accruals
763 
2,280 
193,131 
168,226 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
15,175 
24,867 
This loan is a Covid 19 Bounce Back Loan.
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Yo Soy Group Limited Notes to the Accounts for the year ended 31 October 2023
8
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
1,000 Ordinary shares of £1 each
1,000 
1,000 
9
Average number of employees
During the year the average number of employees was 28 (2022: 31).
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