Registered number
08097391
Yuave Limited
Filleted Accounts
31 December 2023
Yuave Limited
Registered number: 08097391
Balance Sheet
as at 31 December 2023
Notes 2023 2022
£ £
Fixed assets
Intangible assets 3 475 -
Tangible assets 4 2,030 3,901
Investments 5 891 1,030
3,396 4,931
Current assets
Debtors 6 219,552 153,460
Cash at bank and in hand 6,109 1,032
225,661 154,492
Creditors: amounts falling due within one year 7 (282,114) (209,580)
Net current liabilities (56,453) (55,088)
Total assets less current liabilities (53,057) (50,157)
Creditors: amounts falling due after more than one year 8 (92,511) (91,708)
Net liabilities (145,568) (141,865)
Capital and reserves
Called up share capital 1,155 1,155
Convertible Securities 302,339 302,339
Profit and loss account (449,062) (445,359)
Shareholders' deficit (145,568) (141,865)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their 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.
Muhammad Ahmer Javaid
Director
Approved by the board on 17 September 2024
Yuave Limited
Notes to the Accounts
for the year ended 31 December 2023
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 and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.

Research expenditure is written off against profits in the year in which it is incurred. Identifiable development expenditure is capitalised to the extent that the technical, commercial and financial feasibility can be demonstrated
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
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.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Leased assets
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 2 2
3 Intangible fixed assets £
Goodwill:
Cost
Additions 475
At 31 December 2023 475
Amortisation
At 31 December 2023 -
Net book value
At 31 December 2023 475
Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.
4 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 January 2023 7,483
At 31 December 2023 7,483
Depreciation
At 1 January 2023 3,582
Charge for the year 1,871
At 31 December 2023 5,453
Net book value
At 31 December 2023 2,030
At 31 December 2022 3,901
5 Investments
Investments in
subsidiary
undertakings
£
Cost
At 1 January 2023 1,030
Revaluation (139)
At 31 December 2023 891
The investment in subsidiary undertaking represents 100% shares owned in Kasookoo Communication Ltd,
a company based in Nigeria. The share capital and reserves of the business are given below
2023 2022
£ £
Share Capital 891 1,030
(Deficit)/Reserves (88,137) 15,749
Total (87,246) 16,779
6 Debtors 2023 2022
£ £
Trade debtors 38,505 27,226
Amounts owed by group undertakings and undertakings in which the company has a participating interest 1,610 1,610
VAT 2,708 -
Other debtors 104,756 111,319
Accrued Income 71,973 13,305
219,552 153,460
7 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 11,736 11,709
Trade creditors 152,137 66,738
Amounts owed to group undertakings and undertakings in which the company has a participating interest 49,175 10,000
Taxation and social security costs 12 31,032
Other creditors 69,054 90,101
282,114 209,580
8 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 92,511 91,708
9 Loans to directors
Description and conditions B/fwd Paid Repaid C/fwd
£ £ £ £
Muhammad Ahmer Javaid
[Loan 1] 63,030 22,058 - 85,088
63,030 22,058 - 85,088
Interest is charged at 2.5% on average loan balance (2022 - 2%)
10 Related party transactions
During the year the company charged its 100% Subsidiary Kasookoo Communication Ltd licence fee for the total amount of £144,712 (2022 - 37,141)
11 Other information
Yuave Limited is a private company limited by shares and incorporated in England. Its registered office is:
45 4th Floor Silversteam House,
Fitzroy Street,
London,
England,
W1T 6EB
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