Acorah Software Products - Accounts Production 15.0.600 false true 26 March 2023 27 September 2021 false 27 March 2023 26 March 2024 26 March 2024 13645043 Mr Terry Larter iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 13645043 2023-03-26 13645043 2024-03-26 13645043 2023-03-27 2024-03-26 13645043 frs-core:CurrentFinancialInstruments 2024-03-26 13645043 frs-core:ComputerEquipment 2023-03-27 2024-03-26 13645043 frs-core:ShareCapital 2024-03-26 13645043 frs-core:RetainedEarningsAccumulatedLosses 2024-03-26 13645043 frs-bus:PrivateLimitedCompanyLtd 2023-03-27 2024-03-26 13645043 frs-bus:FilletedAccounts 2023-03-27 2024-03-26 13645043 frs-bus:SmallEntities 2023-03-27 2024-03-26 13645043 frs-bus:AuditExempt-NoAccountantsReport 2023-03-27 2024-03-26 13645043 frs-bus:SmallCompaniesRegimeForAccounts 2023-03-27 2024-03-26 13645043 frs-bus:Director1 2023-03-27 2024-03-26 13645043 frs-countries:EnglandWales 2023-03-27 2024-03-26 13645043 2021-09-26 13645043 2023-03-26 13645043 2021-09-27 2023-03-26 13645043 frs-core:CurrentFinancialInstruments 2023-03-26 13645043 frs-core:ShareCapital 2023-03-26 13645043 frs-core:RetainedEarningsAccumulatedLosses 2023-03-26
Registered number: 13645043
YGO Group Limited
Unaudited Financial Statements
For The Year Ended 26 March 2024
Riddingtons Ltd
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 13645043
26 March 2024 26 March 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 2,731 3,213
2,731 3,213
CURRENT ASSETS
Debtors 4 20,812 116,847
Cash at bank and in hand 1,469 3,657
22,281 120,504
Creditors: Amounts Falling Due Within One Year 5 (9,000 ) (107,624 )
NET CURRENT ASSETS (LIABILITIES) 13,281 12,880
TOTAL ASSETS LESS CURRENT LIABILITIES 16,012 16,093
NET ASSETS 16,012 16,093
CAPITAL AND RESERVES
Called up share capital 6 1,000 1,000
Profit and Loss Account 15,012 15,093
SHAREHOLDERS' FUNDS 16,012 16,093
Page 1
Page 2
For the year ending 26 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Terry Larter
Director
20/09/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
YGO Group Limited is a private company, limited by shares, incorporated in England & Wales, registered number 13645043 . The registered office is Riddingtons, The Old Barn, Off wood street, Swanley , Kent, BR8 7PA.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Computer Equipment 15% reducing balance
2.4. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
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.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2023: NIL)
- -
Page 3
Page 4
4. Debtors
26 March 2024 26 March 2023
£ £
Due within one year
Trade debtors 1,648 108,648
Prepayments and accrued income 8,000 8,000
Other debtors 11,077 -
VAT 87 199
20,812 116,847
5. Creditors: Amounts Falling Due Within One Year
26 March 2024 26 March 2023
£ £
Trade creditors 600 95,159
Corporation tax 94 1,028
Director's loan account 8,306 11,437
9,000 107,624
6. Share Capital
26 March 2024 26 March 2023
£ £
Allotted, Called up and fully paid 1,000 1,000
7. Related Party Transactions
Included in Creditors is an amount of £8,305 (2023 - £11,436.80), owed to the company director Mr T Larter. This loan is interest free and no repayment schedule has been agreed
Page 4