Company Registration No. 13546939 (England and Wales)
Yadda Ltd
Unaudited accounts
for the period from 1 September 2023 to 31 March 2024
Yadda Ltd
Unaudited accounts
Contents
Yadda Ltd
Company Information
for the period from 1 September 2023 to 31 March 2024
Directors
T P Bowles
M L Williams
S A Bowles
J K Edwards
Company Number
13546939 (England and Wales)
Registered Office
Studio 301
Monier Works
3 Casings Way
London
E3 2TH
Yadda Ltd
Statement of financial position
as at 31 March 2024
Tangible assets
9,033
11,535
Cash at bank and in hand
40,383
71,811
Creditors: amounts falling due within one year
(113,278)
(45,398)
Net current assets
61,716
80,224
Total assets less current liabilities
70,749
91,759
Provisions for liabilities
Deferred tax
(2,195)
(2,427)
Called up share capital
100
100
Profit and loss account
68,454
89,232
Shareholders' funds
68,554
89,332
For the period ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 24 September 2024 and were signed on its behalf by
T P Bowles
Director
Company Registration No. 13546939
Yadda Ltd
Notes to the Accounts
for the period from 1 September 2023 to 31 March 2024
Yadda Ltd is a private company, limited by shares, registered in England and Wales, registration number 13546939. The registered office is Studio 301, Monier Works, 3 Casings Way, London, E3 2TH.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous period, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. 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 and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
4 years on cost
Computer equipment
3 years on cost
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Yadda Ltd
Notes to the Accounts
for the period from 1 September 2023 to 31 March 2024
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 September 2023
3,500
11,825
15,325
At 31 March 2024
3,500
12,086
15,586
At 1 September 2023
499
3,291
3,790
Charge for the period
510
2,253
2,763
At 31 March 2024
1,009
5,544
6,553
At 31 March 2024
2,491
6,542
9,033
At 31 August 2023
3,001
8,534
11,535
Amounts falling due within one year
Accrued income and prepayments
33,885
45,667
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Creditors: amounts falling due within one year
2024
2023
Taxes and social security
60,859
36,120
Proposed dividends
40,000
-
Other creditors
12,119
4,124
7
Operating lease commitments
2024
2023
At 31 March 2024 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Not later than one year
18,633
18,633
Later than one year and not later than five years
13,537
29,782
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Average number of employees
During the period the average number of employees was 0 (2023: 0).