Yujin Trading Ltd
Registered number: 06497165
Balance Sheet
as at 29 February 2024
Notes 2024 2023
£ £
Fixed assets
Investments 3 313,325 87,325
Current assets
Debtors 4 356,771 410,090
Cash at bank and in hand 5,372 245,624
362,143 655,714
Creditors: amounts falling due within one year 5 (20,894) (4,977)
Net current assets 341,249 650,737
Net assets 654,574 738,062
Capital and reserves
Called up share capital 1 1
Profit and loss account 654,573 738,061
Shareholder's funds 654,574 738,062
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 member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges her 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.
E H Cho
Director
Approved by the board on 2 September 2024
Yujin Trading Ltd
Notes to the Accounts
for the year ended 29 February 2024
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 sale of goods. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer.
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
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 2024 2023
Number Number
Average number of persons employed by the company 3 4
3 Investments
Investments in
subsidiary Other
undertakings investments Total
£ £ £
Cost
At 1 March 2023 87,325 - 87,325
Additions - 226,000 226,000
At 29 February 2024 87,325 226,000 313,325
4 Debtors 2024 2023
£ £
Trade debtors 315 702
Other debtors 356,456 409,388
356,771 410,090
5 Creditors: amounts falling due within one year 2024 2023
£ £
Other taxes and social security costs 230 230
Other creditors 20,664 4,747
20,894 4,977
6 Other information
Yujin Trading Ltd is a private company limited by shares and incorporated in England. Its registered office is:
Suite 6, 1st Floor
Vine House
143 London Road
Kingston Upon Thames
KT2 6NH
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