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REGISTERED NUMBER: 06996901 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

You Present Limited

You Present Limited (Registered number: 06996901)






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


You Present Limited

Company Information
for the Year Ended 31 December 2023







DIRECTOR: J Garroch





SECRETARY: B L Calliss





REGISTERED OFFICE: Chantecler
Altwood Bailey
Maidenhead
Berkshire
SL6 4PQ





REGISTERED NUMBER: 06996901 (England and Wales)





ACCOUNTANTS: Altwood Business & Accountancy Services Limited
Chantecler
Altwood Bailey
Maidenhead
Berkshire
SL6 4PQ

You Present Limited (Registered number: 06996901)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £   
CURRENT ASSETS
Debtors 6 765 765
Cash at bank 11,316 11,310
12,081 12,075
CREDITORS
Amounts falling due within one year 7 896 741
NET CURRENT ASSETS 11,185 11,334
TOTAL ASSETS LESS CURRENT
LIABILITIES

11,185

11,334

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 11,085 11,234
SHAREHOLDERS' FUNDS 11,185 11,334

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 director acknowledges his 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 director and authorised for issue on 31 August 2024 and were signed by:





J Garroch - Director


You Present Limited (Registered number: 06996901)

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

1. STATUTORY INFORMATION

You Present 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 assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of nil years.

Development costs are being amortised evenly over their estimated useful life of nil years.

Intangible assets
Expenditure in respect of Patents, Trademarks and Product Development are expensed in the period incurred except where
a) the expenditure can be identified as relating to a specific product, and
b) recoverability of the expenditure from profits generated from the product is reasonably assured.

In these circumstances, the expenditure is capitalised and amortised over the shorter of the estimated commercial life of the product and four years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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.


You Present Limited (Registered number: 06996901)

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

2. ACCOUNTING POLICIES - continued
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - NIL ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 January 2023
and 31 December 2023 20,916
AMORTISATION
At 1 January 2023
and 31 December 2023 20,916
NET BOOK VALUE
At 31 December 2023 -
At 31 December 2022 -

You Present Limited (Registered number: 06996901)

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

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023 11,009
Disposals (11,009 )
At 31 December 2023 -
DEPRECIATION
At 1 January 2023 11,009
Eliminated on disposal (11,009 )
At 31 December 2023 -
NET BOOK VALUE
At 31 December 2023 -

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Other debtors 765 765

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade creditors - 1
Other creditors 896 740
896 741

8. RELATED PARTY DISCLOSURES

The director has provided an interest free loan to the company which is repayable, as and when, the company has sufficient funds to cover its required working capital. As at 31 December 2022, the amount due to the director was £596 (2022 £440). This amount is included in other creditors falling due within one year.

9. ULTIMATE CONTROLLING PARTY

The company is controlled by the director.