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REGISTERED NUMBER: 05652197 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

YOUR PC LIMITED

YOUR PC LIMITED (REGISTERED NUMBER: 05652197)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 March 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


YOUR PC LIMITED

COMPANY INFORMATION
for the year ended 31 March 2024







DIRECTORS: Mr J Bailey
Mrs S L Raine-Dunk
Mr O Raine-Dunk





SECRETARY: Mr P Dunk





REGISTERED OFFICE: New Gallery
Haringey Park
London
N8 9HY





REGISTERED NUMBER: 05652197 (England and Wales)





ACCOUNTANTS: Raffingers LLP
Chartered Certified Accountants
19-20 Bourne Court
Southend Road
Woodford Green
Essex
IG8 8HD

YOUR PC LIMITED (REGISTERED NUMBER: 05652197)

ABRIDGED BALANCE SHEET
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,921 2,401

CURRENT ASSETS
Debtors 562,741 347,240
Cash at bank 7,000 1,013
569,741 348,253
CREDITORS
Amounts falling due within one year 500,862 445,518
NET CURRENT ASSETS/(LIABILITIES) 68,879 (97,265 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

70,800

(94,864

)

CREDITORS
Amounts falling due after more than one year 44,326 39,049
NET ASSETS/(LIABILITIES) 26,474 (133,913 )

CAPITAL AND RESERVES
Called up share capital 40 40
Retained earnings 26,434 (133,953 )
26,474 (133,913 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

YOUR PC LIMITED (REGISTERED NUMBER: 05652197)

ABRIDGED BALANCE SHEET - continued
31 March 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 March 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 1 October 2024 and were signed on its behalf by:





Mr O Raine-Dunk - Director


YOUR PC LIMITED (REGISTERED NUMBER: 05652197)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 March 2024

1. STATUTORY INFORMATION

Your PC 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

The accounts have been prepared on the going concern basis as the directors are of the opinion that the company will meet its liabilities as and when due, due to the continued support of the directors.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance
Computer equipment - 20% on reducing balance

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.

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.

YOUR PC LIMITED (REGISTERED NUMBER: 05652197)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2024

2. ACCOUNTING POLICIES - continued

Short term debtors and creditors
Short term debtors and creditors with no stated interest rate are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account.

Loans and borrowings
Loans and borrowings are initially recognised at the transaction price including transactions costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2023 - 9 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2023
and 31 March 2024 31,513
DEPRECIATION
At 1 April 2023 29,112
Charge for year 480
At 31 March 2024 29,592
NET BOOK VALUE
At 31 March 2024 1,921
At 31 March 2023 2,401

5. SECURED DEBTS

The loans are secured by way of directors personal guarantee.

6. RELATED PARTY DISCLOSURES

During the year, the company received management fees of £21,000 (2023: £35,000) from Automate By Aquilatec Limited, a company related by virtue of control and ownership.

At the balance sheet date, the company was owed £537,723 (2023: £280,589) by Automate By Aquilatec Limited , a company related by the virtue of common control and ownership.

At the balance sheet date, the company was owed an amount of £69,032 (2023: £111,000) representing loans from family members of the directors.