Registered number
07878149
Y Ville Limited
Filleted Accounts
31 December 2023
Y Ville Limited
Registered number: 07878149
Balance Sheet
as at 31 December 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 4 3,041 4,055
Current assets
Cash at bank and in hand 20,798 26,745
Creditors: amounts falling due within one year 5 (216,650) (229,979)
Net current liabilities (195,852) (203,234)
Total assets less current liabilities (192,811) (199,179)
Creditors: amounts falling due after more than one year 6 (5,721) (9,677)
Net liabilities (198,532) (208,856)
Capital and reserves
Called up share capital 70,000 70,000
Profit and loss account (268,532) (278,856)
Shareholder's funds (198,532) (208,856)
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Ms Alexandra Seely
Director
Approved by the board on 25 July 2024
Y Ville Limited
Notes to the Accounts
for the year ended 31 December 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fixtures, fittings, tools and equipment over 4 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 2 1
3 Intangible fixed assets £
Trademark:
Cost
At 1 January 2023 88,214
At 31 December 2023 88,214
Amortisation
At 1 January 2023 88,214
At 31 December 2023 88,214
Net book value
At 31 December 2023 -
Trademark is being written off in equal annual instalments over its estimated use of life.
4 Tangible fixed assets
Fixtures, fittings, tools and equipment
£
Cost
At 1 January 2023 10,610
At 31 December 2023 10,610
Depreciation
At 1 January 2023 6,555
Charge for the year 1,014
At 31 December 2023 7,569
Net book value
At 31 December 2023 3,041
At 31 December 2022 4,055
5 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 4,259 4,259
Trade creditors 60 60
Taxation and social security costs 6,099 5,785
Other creditors 206,232 219,875
216,650 229,979
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 5,721 9,677
7 Other information
Y Ville Limited is a private company limited by shares and incorporated in England. Its registered office is:
311 Regents Park Road
London
N3 1DP
Y Ville Limited 07878149 false 2023-01-01 2023-12-31 2023-12-31 VT Final Accounts April 2024 Ms Alexandra Seely No description of principal activity 07878149 2022-01-01 2022-12-31 07878149 core:WithinOneYear 2022-12-31 07878149 core:AfterOneYear 2022-12-31 07878149 core:ShareCapital 2022-12-31 07878149 core:RetainedEarningsAccumulatedLosses 2022-12-31 07878149 2023-01-01 2023-12-31 07878149 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 07878149 bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 07878149 bus:Director40 2023-01-01 2023-12-31 07878149 1 2023-01-01 2023-12-31 07878149 2 2023-01-01 2023-12-31 07878149 core:PlantMachinery 2023-01-01 2023-12-31 07878149 countries:England 2023-01-01 2023-12-31 07878149 bus:FRS102 2023-01-01 2023-12-31 07878149 bus:FilletedAccounts 2023-01-01 2023-12-31 07878149 2023-12-31 07878149 core:WithinOneYear 2023-12-31 07878149 core:AfterOneYear 2023-12-31 07878149 core:ShareCapital 2023-12-31 07878149 core:RetainedEarningsAccumulatedLosses 2023-12-31 07878149 core:Goodwill 2023-12-31 07878149 core:PlantMachinery 2023-12-31 07878149 2022-12-31 07878149 core:Goodwill 2022-12-31 07878149 core:PlantMachinery 2022-12-31 iso4217:GBP xbrli:pure