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Company Registration No. 7448349 (England and Wales)
Youreko Limited Unaudited accounts for the year ended 31 December 2023
Youreko Limited Unaudited accounts Contents
Page
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Youreko Limited Company Information for the year ended 31 December 2023
Directors
Patrick Verdon David Manston
Secretary
David Manston
Company Number
7448349 (England and Wales)
Registered Office
23a Dawkins Road Poole Dorset BH15 4JY United Kingdom
Accountants
JSVM Limited Certified Public Accountants 23a Dawkins Road Poole Dorset BH15 4JY
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Youreko Limited Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Intangible assets
66,314 
75,524 
Tangible assets
1,939 
- 
68,253 
75,524 
Current assets
Debtors
388,160 
196,248 
Cash at bank and in hand
405,584 
251,945 
793,744 
448,193 
Creditors: amounts falling due within one year
(481,628)
(242,132)
Net current assets
312,116 
206,061 
Total assets less current liabilities
380,369 
281,585 
Provisions for liabilities
Deferred tax
(485)
- 
Net assets
379,884 
281,585 
Capital and reserves
Called up share capital
1,483 
1,483 
Share premium
704 
704 
Profit and loss account
377,697 
279,398 
Shareholders' funds
379,884 
281,585 
For the year ending 31 December 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 directors acknowledge their 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 of Directors and authorised for issue on 27 August 2024 and were signed on its behalf by
Patrick Verdon Director Company Registration No. 7448349
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Youreko Limited Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
Youreko Limited is a private company, limited by shares, registered in England and Wales, registration number 7448349. The registered office is 23a Dawkins Road, Poole, Dorset, BH15 4JY, United Kingdom.
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.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover represents the VAT-exclusive value 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:
Computer equipment
3 years Straight Line
Intangible fixed assets
Intangible fixed assets are included at cost less accumulated amortisation. Intellectual property has been capitalised at cost and will be subsequently carried at cost less accumulated amortisations and accumulated impairment losses. The useful life and the value of the capitalised intellectual property assets are assessed for impairment annually. Capitalised intellectual property is amortised on a straight line basis over 10 years from the date of its first commercial implementation.
Research and development
Expenditure incurred on the development of internally generated products is capitalised if it can be demonstrated that: - it is technically feasible to develop the product for it to be sold; - adequate resources are available to complete the development; - there is an intention to complete and sell the product; - the company is able to sell the product; - sale of the product will generate future economic benefits; and - expenditure on the project can be measured reliably. Capitalised development costs are amortised over the periods in which the Company expects to benefit from selling the products developed. The useful life and the value of the capitalised development cost are assessed for impairment annually.
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Youreko Limited Notes to the Accounts for the year ended 31 December 2023
Deferred taxation
Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Foreign exchange
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
4
Intangible fixed assets
Other 
£ 
Cost
At 1 January 2023
105,563 
At 31 December 2023
105,563 
Amortisation
At 1 January 2023
30,039 
Charge for the year
9,210 
At 31 December 2023
39,249 
Net book value
At 31 December 2023
66,314 
At 31 December 2022
75,524 
5
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 January 2023
- 
Additions
2,484 
At 31 December 2023
2,484 
Depreciation
Charge for the year
545 
At 31 December 2023
545 
Net book value
At 31 December 2023
1,939 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
388,160 
196,248 
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Youreko Limited Notes to the Accounts for the year ended 31 December 2023
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
26,236 
16,030 
Trade creditors
227,636 
201,995 
Taxes and social security
182,068 
20,140 
Proposed dividends
40,048 
- 
Loans from directors
591 
279 
Accruals
5,049 
3,688 
481,628 
242,132 
The Director's loan is interest-free and repayable on demand.
8
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
148,326 Ordinary shares of £0.01 each
1,483.26 
1,483.26 
9
Average number of employees
During the year the average number of employees was 4 (2022: 4).
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