Registered number
11815254
YEP TRAVEL LTD
Filleted Accounts
30 April 2024
YEP TRAVEL LTD
Registered number: 11815254
Balance Sheet
as at 30 April 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 7,602 9,006
Current assets
Debtors 4 909 685
Cash at bank and in hand (223) 236
686 921
Creditors: amounts falling due within one year 5 (6,239) (3,495)
Net current liabilities (5,553) (2,574)
Total assets less current liabilities 2,049 6,432
Creditors: amounts falling due after more than one year 6 (8,651) (10,336)
Net liabilities (6,602) (3,904)
Capital and reserves
Called up share capital 100 100
Profit and loss account (6,702) (4,004)
Shareholders' funds (6,602) (3,904)
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 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.
YUSUF E PATEL
Director
Approved by the board on 24 May 2024
YEP TRAVEL LTD
Notes to the Accounts
for the year ended 30 April 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 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.
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 10 years
Fixtures, fittings, tools and equipment over 10 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. 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.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Plant and machinery
Cost £
At 1 May 2023 14,039
At 30 April 2024 14,039
Depreciation
At 1 May 2023 5,033
Charge for the year 1,404
At 30 April 2024 6,437
Net book value
At 30 April 2024 7,602
At 30 April 2023 9,006
4 Debtors 2024 2023
£ £
Other debtors 909 685
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 2,999 1,946
Other creditors 3,240 1,549
6,239 3,495
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 4,501 6,660
Other creditors 4,150 3,676
8,651 10,336
7 Controlling party
The company is ultimately controlled by Yusuf E. Patel by virtue of him owning all the issued share capital.
8 Other information
YEP TRAVEL LTD is a private company limited by shares and incorporated in England. Its registered office is:
UNIT 4, CAR WASH YARD
SPEN VALE STREET
HECKMONDWIKE
WEST YORKSHIRE
WF16 0NH
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