Yang & Partners Ltd
Registered number: 09872110
Balance Sheet
as at 30 November 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 40,115 4,233
Current assets
Debtors 4 61,510 15,909
Cash at bank and in hand 310,027 257,970
371,537 273,879
Creditors: amounts falling due within one year 5 (47,599) (62,485)
Net current assets 323,938 211,394
Total assets less current liabilities 364,053 215,627
Creditors: amounts falling due after more than one year 6 (40,157) -
Net assets 323,896 215,627
Capital and reserves
Called up share capital 100 100
Profit and loss account 323,796 215,527
Shareholders' funds 323,896 215,627
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 members have 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.
S Yang
Director
Approved by the board on 23 August 2024
Yang & Partners Ltd
Notes to the Accounts
for the year ended 30 November 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 rendering of services. 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.
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 25% reducing balance
Motor vehicles 25% reducing balance
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.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 7 6
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 December 2022 18,596 - 18,596
Additions - 49,419 49,419
Disposals (9,662) - (9,662)
At 30 November 2023 8,934 49,419 58,353
Depreciation
At 1 December 2022 14,363 - 14,363
Charge for the year 1,017 12,354 13,371
On disposals (9,496) - (9,496)
At 30 November 2023 5,884 12,354 18,238
Net book value
At 30 November 2023 3,050 37,065 40,115
At 30 November 2022 4,233 - 4,233
4 Debtors 2023 2022
£ £
Trade debtors 50,661 14,159
Other debtors 10,849 1,750
61,510 15,909
5 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 1,184 1,481
Corporation tax 27,741 27,856
Other taxes and social security costs 60 158
Other creditors 18,614 32,990
47,599 62,485
6 Creditors: amounts falling due after one year 2023 2022
£ £
Obligations under finance lease and hire purchase contracts 40,157 -
7 Other information
Yang & Partners Ltd is a private company limited by shares and incorporated in England. Its registered office is:
Suite 41, Chessington Business Centre
37 Cox Lane
Chessington
Surrey
KT9 1SD
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