Company Registration No. 7448349 (England and Wales)
Youreko Limited
Unaudited accounts
for the year ended 31 December 2023
Youreko Limited
Unaudited accounts
Contents
Youreko Limited
Company Information
for the year ended 31 December 2023
Directors
Patrick Verdon
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
Youreko Limited
Statement of financial position
as at 31 December 2023
Intangible assets
66,314
75,524
Cash at bank and in hand
405,584
251,945
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
Net assets
379,884
281,585
Called up share capital
1,483
1,483
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
Youreko Limited
Notes to the Accounts
for the year ended 31 December 2023
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.
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.
The accounts have been prepared under the historical cost convention.
The accounts are presented in £ sterling.
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 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.
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.
Youreko Limited
Notes to the Accounts
for the year ended 31 December 2023
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.
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.
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Intangible fixed assets
Other
At 31 December 2023
105,563
At 31 December 2023
39,249
At 31 December 2023
66,314
At 31 December 2022
75,524
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Tangible fixed assets
Computer equipment
Amounts falling due within one year
Trade debtors
388,160
196,248
Youreko Limited
Notes to the Accounts
for the year ended 31 December 2023
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Creditors: amounts falling due within one year
2023
2022
Trade creditors
227,636
201,995
Taxes and social security
182,068
20,140
Proposed dividends
40,048
-
Loans from directors
591
279
The Director's loan is interest-free and repayable on demand.
Allotted, called up and fully paid:
148,326 Ordinary shares of £0.01 each
1,483.26
1,483.26
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Average number of employees
During the year the average number of employees was 4 (2022: 4).