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REGISTERED NUMBER: 10340620 (England and Wales)


Financial Statements for the Year Ended 31 August 2023

for

Yark London Limited

Yark London Limited (Registered number: 10340620)






Contents of the Financial Statements
for the Year Ended 31 August 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Yark London Limited

Company Information
for the Year Ended 31 August 2023







DIRECTOR: Mr Ulgeet Singh





REGISTERED OFFICE: Bridge House
9-13 Holbrook Lane
Coventry
CV6 4AD





REGISTERED NUMBER: 10340620 (England and Wales)





ACCOUNTANTS: Sterling Accounting Services Limited
Bridge House
9-13 Holbrook Lane
Coventry
CV6 4AD

Yark London Limited (Registered number: 10340620)

Statement of Financial Position
31 August 2023

31.8.23 31.8.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 172,000 172,000
Property, plant and equipment 5 56,894 63,860
228,894 235,860

CURRENT ASSETS
Inventories 365,745 333,551
Debtors 6 258,069 9,145
Cash at bank and in hand 376,601 325,490
1,000,415 668,186
CREDITORS
Amounts falling due within one year 7 952,089 628,344
NET CURRENT ASSETS 48,326 39,842
TOTAL ASSETS LESS CURRENT
LIABILITIES

277,220

275,702

CREDITORS
Amounts falling due after more than one
year

8

157,296

186,866
NET ASSETS 119,924 88,836

CAPITAL AND RESERVES
Called up share capital 9 1 1
Retained earnings 119,923 88,835
SHAREHOLDERS' FUNDS 119,924 88,836

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Yark London Limited (Registered number: 10340620)

Statement of Financial Position - continued
31 August 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 20 August 2024 and were signed by:





Mr Ulgeet Singh - Director


Yark London Limited (Registered number: 10340620)

Notes to the Financial Statements
for the Year Ended 31 August 2023

1. STATUTORY INFORMATION

Yark London Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2018.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance

Stocks
Inventories are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 September 2022
and 31 August 2023 172,000
NET BOOK VALUE
At 31 August 2023 172,000
At 31 August 2022 172,000

Yark London Limited (Registered number: 10340620)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2023

5. PROPERTY, PLANT AND EQUIPMENT
Plant and
machinery
etc
£   
COST
At 1 September 2022 101,450
Additions 11,999
At 31 August 2023 113,449
DEPRECIATION
At 1 September 2022 37,590
Charge for year 18,965
At 31 August 2023 56,555
NET BOOK VALUE
At 31 August 2023 56,894
At 31 August 2022 63,860

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£    £   
Trade debtors 257,800 9,145
Other debtors 269 -
258,069 9,145

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£    £   
Trade creditors 839,394 491,607
Taxation and social security 107,413 95,197
Other creditors 5,282 41,540
952,089 628,344

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.8.23 31.8.22
£    £   
Bank loans 109,049 125,155
Hire purchase contracts 48,247 61,711
157,296 186,866

Yark London Limited (Registered number: 10340620)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2023

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.8.23 31.8.22
value: £    £   
1,000 Ordinary £0.00 1 1 1