IRIS Accounts Production v24.2.0.383 03315460 Board of Directors 1.1.23 31.12.23 31.12.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh033154602022-12-31033154602023-12-31033154602023-01-012023-12-31033154602021-12-31033154602022-01-012022-12-31033154602022-12-3103315460ns15:EnglandWales2023-01-012023-12-3103315460ns14:PoundSterling2023-01-012023-12-3103315460ns10:Director12023-01-012023-12-3103315460ns10:PrivateLimitedCompanyLtd2023-01-012023-12-3103315460ns10:SmallEntities2023-01-012023-12-3103315460ns10:AuditExempt-NoAccountantsReport2023-01-012023-12-3103315460ns10:SmallCompaniesRegimeForDirectorsReport2023-01-012023-12-3103315460ns10:SmallCompaniesRegimeForAccounts2023-01-012023-12-3103315460ns10:FullAccounts2023-01-012023-12-3103315460ns10:Director22023-01-012023-12-3103315460ns10:Director32023-01-012023-12-3103315460ns10:CompanySecretary12023-01-012023-12-3103315460ns10:RegisteredOffice2023-01-012023-12-3103315460ns5:CurrentFinancialInstruments2023-12-3103315460ns5:CurrentFinancialInstruments2022-12-3103315460ns5:Non-currentFinancialInstruments2023-12-3103315460ns5:Non-currentFinancialInstruments2022-12-3103315460ns5:ShareCapital2023-12-3103315460ns5:ShareCapital2022-12-3103315460ns5:RetainedEarningsAccumulatedLosses2023-12-3103315460ns5:RetainedEarningsAccumulatedLosses2022-12-3103315460ns5:LeaseholdImprovements2023-01-012023-12-3103315460ns5:PlantMachinery2023-01-012023-12-3103315460ns5:FurnitureFittings2023-01-012023-12-3103315460ns5:MotorVehicles2023-01-012023-12-3103315460ns5:ComputerEquipment2023-01-012023-12-3103315460ns5:LeaseholdImprovements2022-12-3103315460ns5:PlantMachinery2022-12-3103315460ns5:FurnitureFittings2022-12-3103315460ns5:LeaseholdImprovements2023-12-3103315460ns5:PlantMachinery2023-12-3103315460ns5:FurnitureFittings2023-12-3103315460ns5:LeaseholdImprovements2022-12-3103315460ns5:PlantMachinery2022-12-3103315460ns5:FurnitureFittings2022-12-3103315460ns5:MotorVehicles2022-12-3103315460ns5:ComputerEquipment2022-12-3103315460ns5:MotorVehicles2023-12-3103315460ns5:ComputerEquipment2023-12-3103315460ns5:MotorVehicles2022-12-3103315460ns5:ComputerEquipment2022-12-3103315460ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-12-3103315460ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-12-3103315460ns5:HirePurchaseContractsns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-12-3103315460ns5:HirePurchaseContractsns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-12-3103315460ns5:BetweenOneFiveYears2023-12-3103315460ns5:BetweenOneFiveYears2022-12-31
REGISTERED NUMBER: 03315460 (England and Wales)
























UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2023

FOR

YSL VIDEOWALL HIRE LIMITED

YSL VIDEOWALL HIRE LIMITED (REGISTERED NUMBER: 03315460)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


YSL VIDEOWALL HIRE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST DECEMBER 2023







DIRECTORS: R Paskauskas
Mrs M Paskauskas
Ms N M Paskauskas





SECRETARY: R Paskauskas





REGISTERED OFFICE: 11 Concorde Park
Clifton Moor
York
North Yorkshire
YO30 4WT





REGISTERED NUMBER: 03315460 (England and Wales)





ACCOUNTANTS: CGA
Chartered Certified Accountants
3 & 4 Park Court
Riccall Road
Escrick
York
North Yorkshire
YO19 6ED

YSL VIDEOWALL HIRE LIMITED (REGISTERED NUMBER: 03315460)

BALANCE SHEET
31ST DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 775,851 627,009

CURRENT ASSETS
Stocks 10,000 10,000
Debtors 5 427,838 403,602
Cash at bank 77,651 622,285
515,489 1,035,887
CREDITORS
Amounts falling due within one year 6 412,145 475,729
NET CURRENT ASSETS 103,344 560,158
TOTAL ASSETS LESS CURRENT LIABILITIES 879,195 1,187,167

CREDITORS
Amounts falling due after more than one year 7 (162,425 ) (246,061 )

PROVISIONS FOR LIABILITIES (6,211 ) (40,495 )
NET ASSETS 710,559 900,611

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 710,459 900,511
SHAREHOLDERS' FUNDS 710,559 900,611

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 4th September 2024 and were signed on its behalf by:




R Paskauskas - Director


YSL VIDEOWALL HIRE LIMITED (REGISTERED NUMBER: 03315460)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2023

1. STATUTORY INFORMATION

YSL Videowall Hire 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.

Revenue is recognised when the service has been provided or the goods delivered to the customer.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Improvements to property - 20% on cost and 20% on reducing balance
Plant and machinery - 33% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

YSL VIDEOWALL HIRE LIMITED (REGISTERED NUMBER: 03315460)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2022 - 7 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1st January 2023 57,479 3,092,157 40,623
Additions - 473,913 -
Disposals - - -
At 31st December 2023 57,479 3,566,070 40,623
DEPRECIATION
At 1st January 2023 46,838 2,557,018 36,231
Charge for year 8,337 333,477 659
Eliminated on disposal - - -
At 31st December 2023 55,175 2,890,495 36,890
NET BOOK VALUE
At 31st December 2023 2,304 675,575 3,733
At 31st December 2022 10,641 535,139 4,392

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1st January 2023 137,748 72,245 3,400,252
Additions 43,919 8,930 526,762
Disposals (12,750 ) - (12,750 )
At 31st December 2023 168,917 81,175 3,914,264
DEPRECIATION
At 1st January 2023 80,627 52,529 2,773,243
Charge for year 24,251 7,162 373,886
Eliminated on disposal (8,716 ) - (8,716 )
At 31st December 2023 96,162 59,691 3,138,413
NET BOOK VALUE
At 31st December 2023 72,755 21,484 775,851
At 31st December 2022 57,121 19,716 627,009

The net book value of tangible fixed assets includes £NIL (2022 - £ 7,176 ) in respect of assets held under hire purchase contracts.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 121,681 119,562
Other debtors 306,157 284,040
427,838 403,602

YSL VIDEOWALL HIRE LIMITED (REGISTERED NUMBER: 03315460)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 83,636 83,636
Hire purchase contracts (see note 8) - 16,908
Trade creditors 29,840 24,037
Taxation and social security 27,988 79,742
Other creditors 270,681 271,406
412,145 475,729

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 162,425 246,061

8. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2023 2022
£    £   
Net obligations repayable:
Within one year - 16,908

Non-cancellable operating leases
2023 2022
£    £   
Between one and five years 75,950 121,520

9. SECURED DEBTS

Debenture
There is a charge dated 4th November 2013 with Santander UK plc. The chargee has a fixed and floating charge over the undertaking.

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year under review, members of key management personnel received loans from the company on which interest is charged. The loan is repayable on demand.

The company made advances totalling £100,401 (2022 - £72,035) and this was offset by credits totalling £115,805 (2022 - £81,494).

At the balance sheet date, the amount owed to the company was £169,316 (2022 - £184,720) and is included within other debtors.

11. RELATED PARTY DISCLOSURES

York Aparthotel Limited
At the balance sheet date, the company owed £1,027 (2022 - £587) to the above company that Richard Paskauskas is a director and shareholder of. This is presented within other creditors.