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Company Registration No. 07347056 (England and Wales)
YPM Local Limited Unaudited accounts for the year ended 31 August 2023
YPM Local Limited Unaudited accounts Contents
Page
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YPM Local Limited Company Information for the year ended 31 August 2023
Director
Erfan Sadiq
Company Number
07347056 (England and Wales)
Registered Office
206 Manningham Lane Bradford West Yorkshire BD8 7DT
Accountants
Axiom Accountants Ltd 42-44 Adelaide Street Bradford West Yorkshire BD5 0EA
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YPM Local Limited Statement of financial position as at 31 August 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
16,832 
21,040 
Current assets
Inventories
10,500 
4,500 
Debtors
44,827 
36,110 
Cash at bank and in hand
9,928 
11,106 
65,255 
51,716 
Creditors: amounts falling due within one year
(55,397)
(48,505)
Net current assets
9,858 
3,211 
Net assets
26,690 
24,251 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
26,590 
24,151 
Shareholders' funds
26,690 
24,251 
For the year ending 31 August 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 director acknowledges his 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 and authorised for issue on 18 August 2024 and were signed on its behalf by
Erfan Sadiq Director Company Registration No. 07347056
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YPM Local Limited Notes to the Accounts for the year ended 31 August 2023
1
Statutory information
YPM Local Limited is a private company, limited by shares, registered in England and Wales, registration number 07347056. The registered office is 206 Manningham Lane, Bradford, West Yorkshire, BD8 7DT.
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 represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
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% Reducing balance
Motor vehicles
20% Reducing balance
Fixtures & fittings
20% Reducing balance
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 September 2022
1,200 
32,700 
3,138 
37,038 
At 31 August 2023
1,200 
32,700 
3,138 
37,038 
Depreciation
At 1 September 2022
1,081 
12,880 
2,037 
15,998 
Charge for the year
24 
3,964 
220 
4,208 
At 31 August 2023
1,105 
16,844 
2,257 
20,206 
Net book value
At 31 August 2023
95 
15,856 
881 
16,832 
At 31 August 2022
119 
19,820 
1,101 
21,040 
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YPM Local Limited Notes to the Accounts for the year ended 31 August 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
40,827 
32,110 
Other debtors
4,000 
4,000 
44,827 
36,110 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
12,909 
12,024 
Trade creditors
3,257 
2,076 
Taxes and social security
15,470 
9,257 
Other creditors
758 
638 
Loans from directors
22,003 
23,510 
Accruals
1,000 
1,000 
55,397 
48,505 
7
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
8
Average number of employees
During the year the average number of employees was 14 (2022: 15).
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