Registered number
11141089
YU GARDENS LTD
Filleted Accounts
31 January 2024
YU GARDENS LTD
Registered number: 11141089
Balance Sheet
as at 31 January 2024
Notes 2024 2023
£ £
Fixed assets
Intangible assets 3 28,906 32,118
Tangible assets 4 2,050 2,550
30,956 34,668
Current assets
Stocks 650 -
Cash at bank and in hand 10,235 10,311
10,885 10,311
Creditors: amounts falling due within one year 5 (5,570) (480)
Net current assets 5,315 9,831
Total assets less current liabilities 36,271 44,499
Creditors: amounts falling due after more than one year 6 (11,826) (11,826)
Net assets 24,445 32,673
Capital and reserves
Called up share capital 100 100
Profit and loss account 24,345 32,573
Shareholder's funds 24,445 32,673
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 his 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.
MR JING LIN
Director
Approved by the board on 12 June 2024
YU GARDENS LTD
Notes to the Accounts
for the year ended 31 January 2024
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:
Plant and machinery over 10 years
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
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.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 3 5
3 Intangible fixed assets £
Goodwill:
Cost
At 1 February 2023 44,058
At 31 January 2024 44,058
Amortisation
At 1 February 2023 11,940
Provided during the year 3,212
At 31 January 2024 15,152
Net book value
At 31 January 2024 28,906
At 31 January 2023 32,118
4 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 February 2023 5,000
At 31 January 2024 5,000
Depreciation
At 1 February 2023 2,450
Charge for the year 500
At 31 January 2024 2,950
Net book value
At 31 January 2024 2,050
At 31 January 2023 2,550
5 Creditors: amounts falling due within one year 2024 2023
£ £
Taxation and social security costs 385 -
Other creditors 5,185 480
5,570 480
6 Creditors: amounts falling due after one year 2024 2023
£ £
Other creditors 11,826 11,826
7 Other information
YU GARDENS LTD is a private company limited by shares and incorporated in England. Its registered office is:
145 STATION ROAD
BAMBER BRIDGE
PRESTON
PR5 6LA
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