5 false false false false false false false false false false true false false false false false false No description of principal activity 2022-10-01 Sage Accounts Production Advanced 2023 - FRS102_2023 844 694 38 732 112 150 xbrli:pure xbrli:shares iso4217:GBP 9776900 2022-10-01 2023-09-30 9776900 2023-09-30 9776900 2022-09-30 9776900 2021-10-01 2022-09-30 9776900 2022-09-30 9776900 2021-09-30 9776900 core:PatentsTrademarksLicencesConcessionsSimilar 2022-10-01 2023-09-30 9776900 core:FurnitureFittings 2022-10-01 2023-09-30 9776900 bus:Director1 2022-10-01 2023-09-30 9776900 core:PatentsTrademarksLicencesConcessionsSimilar 2022-09-30 9776900 core:PatentsTrademarksLicencesConcessionsSimilar 2023-09-30 9776900 core:FurnitureFittings 2022-09-30 9776900 core:FurnitureFittings 2023-09-30 9776900 core:WithinOneYear 2023-09-30 9776900 core:WithinOneYear 2022-09-30 9776900 core:ShareCapital 2023-09-30 9776900 core:ShareCapital 2022-09-30 9776900 core:RetainedEarningsAccumulatedLosses 2023-09-30 9776900 core:RetainedEarningsAccumulatedLosses 2022-09-30 9776900 core:PatentsTrademarksLicencesConcessionsSimilar 2022-09-30 9776900 core:FurnitureFittings 2022-09-30 9776900 bus:SmallEntities 2022-10-01 2023-09-30 9776900 bus:AuditExemptWithAccountantsReport 2022-10-01 2023-09-30 9776900 bus:SmallCompaniesRegimeForAccounts 2022-10-01 2023-09-30 9776900 bus:PrivateLimitedCompanyLtd 2022-10-01 2023-09-30 9776900 bus:FullAccounts 2022-10-01 2023-09-30
COMPANY REGISTRATION NUMBER: 9776900
Yuzefi Limited
Filleted Unaudited Financial Statements
30 September 2023
Yuzefi Limited
Statement of Financial Position
30 September 2023
2023
2022
Note
£
£
£
Fixed assets
Intangible assets
5
112
150
Tangible assets
6
7,385
8,097
-------
-------
7,497
8,247
Current assets
Stocks
190,075
167,115
Debtors
7
790,820
564,206
Cash at bank and in hand
43,000
90,333
------------
---------
1,023,895
821,654
Creditors: amounts falling due within one year
8
509,512
253,055
------------
---------
Net current assets
514,383
568,599
---------
---------
Total assets less current liabilities
521,880
576,846
---------
---------
Net assets
521,880
576,846
---------
---------
Capital and reserves
Called up share capital
20,000
20,000
Profit and loss account
501,880
556,846
---------
---------
Shareholders funds
521,880
576,846
---------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 30 September 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Yuzefi Limited
Statement of Financial Position (continued)
30 September 2023
These financial statements were approved by the board of directors and authorised for issue on 2 August 2024 , and are signed on behalf of the board by:
Miss N Yousefi
Director
Company registration number: 9776900
Yuzefi Limited
Notes to the Financial Statements
Year ended 30 September 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 29 Harcourt Street, London, W1H 4HS, England.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis. Revenue recognition Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably. Income tax The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all timing differences at the reporting date. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference. Foreign currencies Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account. Intangible assets Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
Patents, Trade Marks & Licences
-
25% reducing balance
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fixtures and fittings
-
25% reducing balance
Equipment
-
25% reducing balance
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 5 (2022: 6 ).
5. Intangible assets
Patents, trademarks and licences
£
Cost
At 1 October 2022 and 30 September 2023
844
----
Amortisation
At 1 October 2022
694
Charge for the year
38
----
At 30 September 2023
732
----
Carrying amount
At 30 September 2023
112
----
At 30 September 2022
150
----
6. Tangible assets
Fixtures and fittings
Equipment
Total
£
£
£
Cost
At 1 October 2022
11,583
11,696
23,279
Additions
915
833
1,748
--------
--------
--------
At 30 September 2023
12,498
12,529
25,027
--------
--------
--------
Depreciation
At 1 October 2022
8,252
6,930
15,182
Charge for the year
1,061
1,399
2,460
--------
--------
--------
At 30 September 2023
9,313
8,329
17,642
--------
--------
--------
Carrying amount
At 30 September 2023
3,185
4,200
7,385
--------
--------
--------
At 30 September 2022
3,331
4,766
8,097
--------
--------
--------
7. Debtors
2023
2022
£
£
Trade debtors
156,301
288,115
Other debtors
634,519
276,091
---------
---------
790,820
564,206
---------
---------
8. Creditors: amounts falling due within one year
2023
2022
£
£
Trade creditors
318,232
230,177
Corporation tax
2,487
Social security and other taxes
16,684
13,943
Other creditors
174,596
6,448
---------
---------
509,512
253,055
---------
---------
9. Director's advances, credits and guarantees
The director owed the company £153,096(2022: £153,408)as at the year end date.