2023-07-062024-07-312024-07-31false14986338YPSILON TECH 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YPSILON TECH LTD

Registered Number
14986338
(England and Wales)

Unaudited Financial Statements for the Period ended
31 July 2024

YPSILON TECH LTD
Company Information
for the period from 6 July 2023 to 31 July 2024

Director

Donald, Lee Philip

Registered Address

26 Helena Road
Yeovil
BA20 2HQ

Registered Number

14986338 (England and Wales)
YPSILON TECH LTD
Balance Sheet as at
31 July 2024

Notes

2024

£

£

Fixed assets
Tangible assets31,458
1,458
Current assets
Cash at bank and on hand34,853
34,853
Creditors amounts falling due within one year(20,591)
Net current assets (liabilities)14,262
Total assets less current liabilities15,720
Net assets15,720
Capital and reserves
Called up share capital100
Profit and loss account15,620
Shareholders' funds15,720
The financial statements were approved and authorised for issue by the Director on 4 October 2024, and are signed on its behalf by:
Donald, Lee Philip
Director
Registered Company No. 14986338
YPSILON TECH LTD
Notes to the Financial Statements
for the period ended 31 July 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Revenue from rendering of services
Revenue 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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
Tangible fixed assets and depreciation
All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Straight line (years)
Office Equipment4
2.Average number of employees

2024
Average number of employees during the year1
3.Tangible fixed assets

Office Equipment

Total

££
Cost or valuation
Additions1,7491,749
At 31 July 241,7491,749
Depreciation and impairment
Charge for year291291
At 31 July 24291291
Net book value
At 31 July 241,4581,458
At 05 July 23--