1 January 2023 v2024.41.1 limited_company_frs_102_section_1a_v1_1_1 companies_houseSoftwarefalsetruetruetrueNo description of principal activityfalsetruexbrli:purexbrli:sharesiso4217:GBP064016932023-01-012023-12-31064016932023-12-31064016932022-12-3106401693core:WithinOneYear2023-12-3106401693core:WithinOneYear2022-12-3106401693core:AfterOneYear2023-12-3106401693core:AfterOneYear2022-12-3106401693core:ShareCapital2023-12-3106401693core:ShareCapital2022-12-3106401693core:RetainedEarningsAccumulatedLosses2023-12-3106401693core:RetainedEarningsAccumulatedLosses2022-12-3106401693bus:Director12023-01-012023-12-3106401693bus:RegisteredOffice2023-01-012023-12-3106401693core:OfficeEquipment2023-01-012023-12-3106401693core:FurnitureFittings2023-01-012023-12-31064016932022-01-012022-12-3106401693core:PlantMachinery2023-01-0106401693core:PlantMachinery2023-01-012023-12-3106401693core:PlantMachinery2023-12-3106401693core:PlantMachinery2022-12-310640169312023-01-012023-12-3106401693countries:EnglandWales2023-01-012023-12-3106401693bus:AuditExemptWithAccountantsReport2023-01-012023-12-3106401693bus:PrivateLimitedCompanyLtd2023-01-012023-12-3106401693bus:SmallEntities2023-01-012023-12-3106401693bus:FullAccounts2023-01-012023-12-31
Company registration number:
06401693
Yousaf Investments Limited
Unaudited Filleted Financial Statements for the year ended
31 December 2023
Yousaf Investments Limited
Report to the board of directors on the preparation of the unaudited statutory financial statements of Yousaf Investments Limited
Year ended
31 December 2023
As described on the statement of financial position, the Board of Directors of
Yousaf Investments Limited
are responsible for the preparation of the
financial statements
for the year ended
31 December 2023
, which comprise the income statement, statement of financial position and related notes.
You consider that the company is exempt from an audit under the Companies Act 2006.
In accordance with your instructions I have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to me.
NKA Chartered Certified Accountants
4 Lynedoch Place
Glasgow
G3 6AB
United Kingdom
Date:
9 September 2024
Yousaf Investments Limited
Statement of Financial Position
31 December 2023
20232022
Note££
Fixed assets    
Tangible assets 5
34,408
 
26,077
 
Current assets    
Debtors 6
7,643
  -  
Cash at bank and in hand
287,895
 
189,087
 
295,538
 
189,087
 
Creditors: amounts falling due within one year 7
(106,250
)
(85,193
)
Net current assets
189,288
 
103,894
 
Total assets less current liabilities 223,696   129,971  
Creditors: amounts falling due after more than one year 8
(15,833
)
(25,833
)
Net assets
207,863
 
104,138
 
Capital and reserves    
Called up share capital
1,000
 
1,000
 
Profit and loss account
206,863
 
103,138
 
Shareholders funds
207,863
 
104,138
 
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.
Director's responsibilities:
  • The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
  • The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These
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.
These
financial statements
were approved by the board of directors and authorised for issue on
9 September 2024
, and are signed on behalf of the board by:
Aisha Ali
Director
Company registration number:
06401693
Yousaf Investments Limited
Notes to the Financial Statements
Year ended
31 December 2023

1 General information

The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is
20-22 Wenlock Road
,
London
,
N1 7GU
, United Kingdom.

2 Statement of compliance

These
financial statements
have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and Republic of Ireland'.

3 Accounting policies

Basis of preparation

The
financial statements
have been prepared on the historical cost basis, as modified by the revaluation of certain assets.
The
financial statements
are prepared in sterling, which is the functional currency of the company.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer, usually on despatch of the goods; the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Current tax

Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Tangible assets

Tangible assets are initially measured at cost, and are subsequently measured at cost less any accumulated depreciation.
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Office equipment
15% straight line
Fixtures and fittings
15% straight line

4 Average number of employees

The average number of persons employed by the company during the year was
24
(2022:
19.00
).

5 Tangible assets

Plant and machinery etc.
£
Cost  
At
1 January 2023
51,846
 
Additions
18,805
 
At
31 December 2023
70,651
 
Depreciation  
At
1 January 2023
25,769
 
Charge
10,474
 
At
31 December 2023
36,243
 
Carrying amount  
At
31 December 2023
34,408
 
At 31 December 2022
26,077
 

6 Debtors

20232022
££
Other debtors
7,643
  -  

7 Creditors: amounts falling due within one year

20232022
££
Bank loans and overdrafts
10,000
 
10,000
 
Taxation and social security
37,192
 
24,814
 
Other creditors
59,058
 
50,379
 
106,250
 
85,193
 

8 Creditors: amounts falling due after more than one year

20232022
££
Bank loans and overdrafts
15,833
 
25,833