Registered number
06480323
YourCad Limited
Unaudited Filleted Accounts
31 March 2024
YourCad Limited
Registered number: 06480323
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 603 1,827
Current assets
Debtors 4 76,294 62,270
Cash at bank and in hand 4,573 13,579
80,867 75,849
Creditors: amounts falling due within one year 5 (69,431) (44,250)
Net current assets 11,436 31,599
Total assets less current liabilities 12,039 33,426
Creditors: amounts falling due after more than one year 6 (31,566) (41,330)
Net liabilities (19,527) (7,904)
Capital and reserves
Called up share capital 4 4
Share premium 999 999
Profit and loss account (20,530) (8,907)
Shareholder's funds (19,527) (7,904)
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 member has 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.
M Cunliffe
Director
Approved by the board on 26 July 2024
YourCad Limited
Notes to the Accounts
for the year ended 31 March 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 rendering of services. 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.
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:
Computer equipment over 3 years
Fixtures, fittings and office equipment over 4 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), 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.
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. 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 2024 2023
Number Number
Average number of persons employed by the company 8 9
3 Tangible fixed assets
Computer & office equipment
£
Cost
At 1 April 2023 32,224
Disposals (7,394)
At 31 March 2024 24,830
Depreciation
At 1 April 2023 30,397
Charge for the year 1,224
On disposals (7,394)
At 31 March 2024 24,227
Net book value
At 31 March 2024 603
At 31 March 2023 1,827
4 Debtors 2024 2023
£ £
Trade debtors 65,242 46,255
Other debtors 11,052 16,015
76,294 62,270
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 25,282 22,147
Other loans 10,000 -
Trade creditors 11,142 12,022
Taxation and social security costs 20,894 8,094
Other creditors 2,113 1,987
69,431 44,250
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 31,566 41,330
7 Controlling party
There is no overall controlling party.
8 Other information
YourCad Limited is a private company limited by shares and incorporated in England. Its registered office is:
12 Skipton Road
Earby
Barnoldswick
Lancashire
BB18 6PX
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