IRIS Accounts Production v24.2.0.383 04739436 Board of Directors 1.1.23 31.12.23 31.12.23 false true false false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh047394362022-12-31047394362023-12-31047394362023-01-012023-12-31047394362021-12-31047394362022-01-012022-12-31047394362022-12-3104739436ns15:EnglandWales2023-01-012023-12-3104739436ns14:PoundSterling2023-01-012023-12-3104739436ns10:Director12023-01-012023-12-3104739436ns10:PrivateLimitedCompanyLtd2023-01-012023-12-3104739436ns10:SmallEntities2023-01-012023-12-3104739436ns10:AuditExempt-NoAccountantsReport2023-01-012023-12-3104739436ns10:SmallCompaniesRegimeForDirectorsReport2023-01-012023-12-3104739436ns10:SmallCompaniesRegimeForAccounts2023-01-012023-12-3104739436ns10:FullAccounts2023-01-012023-12-310473943612023-01-012023-12-3104739436ns10:OrdinaryShareClass12023-01-012023-12-3104739436ns10:Director22023-01-012023-12-3104739436ns10:CompanySecretary12023-01-012023-12-3104739436ns10:RegisteredOffice2023-01-012023-12-3104739436ns5:CurrentFinancialInstruments2023-12-3104739436ns5:CurrentFinancialInstruments2022-12-3104739436ns5:ShareCapital2023-12-3104739436ns5:ShareCapital2022-12-3104739436ns5:RetainedEarningsAccumulatedLosses2023-12-3104739436ns5:RetainedEarningsAccumulatedLosses2022-12-3104739436ns5:DevelopmentCostsCapitalisedDevelopmentExpenditure2023-01-012023-12-3104739436ns5:ComputerEquipment2023-01-012023-12-3104739436ns5:IntangibleAssetsOtherThanGoodwill2022-12-3104739436ns5:IntangibleAssetsOtherThanGoodwill2023-01-012023-12-3104739436ns5:IntangibleAssetsOtherThanGoodwill2023-12-3104739436ns5:IntangibleAssetsOtherThanGoodwill2022-12-3104739436ns5:ComputerEquipment2022-12-3104739436ns5:ComputerEquipment2023-12-3104739436ns5:ComputerEquipment2022-12-3104739436ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-12-3104739436ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-12-3104739436ns10:OrdinaryShareClass12023-12-31
REGISTERED NUMBER: 04739436 (England and Wales)














Unaudited Financial Statements

for the Year Ended 31 December 2023

for

Yellowblox.com Limited

Yellowblox.com Limited (Registered number: 04739436)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Yellowblox.com Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: R N Garnett
G C Oakley





SECRETARY: G C Oakley





REGISTERED OFFICE: 1 King William Street
London
EC4N 7AF





REGISTERED NUMBER: 04739436 (England and Wales)





ACCOUNTANTS: Bristow Burrell
4 Riverview
Walnut Tree Close
Guildford
Surrey
GU1 4UX

Yellowblox.com Limited (Registered number: 04739436)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 32,330 31,277
Tangible assets 5 622 1,155
32,952 32,432

CURRENT ASSETS
Debtors 6 21,987 19,784
Cash at bank 92,545 87,191
114,532 106,975
CREDITORS
Amounts falling due within one
year

7

86,331

79,663
NET CURRENT ASSETS 28,201 27,312
TOTAL ASSETS LESS CURRENT
LIABILITIES

61,153

59,744

PROVISIONS FOR LIABILITIES 5,195 443
NET ASSETS 55,958 59,301

CAPITAL AND RESERVES
Called up share capital 8 400 400
Retained earnings 55,558 58,901
SHAREHOLDERS' FUNDS 55,958 59,301

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

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

The directors acknowledge their 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.

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 Board of Directors and authorised for issue on 20 August 2024 and were signed on its behalf by:





R N Garnett - Director


Yellowblox.com Limited (Registered number: 04739436)

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

1. STATUTORY INFORMATION

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

Intangible fixed assets
The company capitalised £34,163 (2022 £28,663) of direct costs as development expenditure which was incurred in the development of ancillary services for the Yellowblox shared database for multiple parties to share information for (re)/insurance contracts. These additional services are designed to augment and enhance the service which Yellowblox provides to it's end users and are sold as add-on components.

Sales of the products are expected to be in excess of the capitalised costs and once sales have commenced, these costs will be amortised over the estimated life of said products. The development and sales of these products have commenced and are expected to continue on a rolling basis with amortisation taking place over three years from the date of creation.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 33% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Yellowblox.com Limited (Registered number: 04739436)

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

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 January 2023 434,672
Additions 34,163
At 31 December 2023 468,835
AMORTISATION
At 1 January 2023 403,395
Charge for year 33,110
At 31 December 2023 436,505
NET BOOK VALUE
At 31 December 2023 32,330
At 31 December 2022 31,277

5. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 January 2023
and 31 December 2023 5,018
DEPRECIATION
At 1 January 2023 3,863
Charge for year 533
At 31 December 2023 4,396
NET BOOK VALUE
At 31 December 2023 622
At 31 December 2022 1,155

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 21,437 17,026
Other debtors 550 2,758
21,987 19,784

Yellowblox.com Limited (Registered number: 04739436)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade creditors 6,041 1,884
Taxation and social security 9,513 7,579
Other creditors 70,777 70,200
86,331 79,663

8. CALLED UP SHARE CAPITAL

Allotted and issued:
Number: Class: Nominal 31.12.23 31.12.22
value: £    £   
400 Ordinary £1 400 400

9. ULTIMATE CONTROLLING PARTY

The controlling party is R N Garnett.