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REGISTERED NUMBER: 13815933 (England and Wales)















YOUR OPTION SERVICES LTD

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023






YOUR OPTION SERVICES LTD (REGISTERED NUMBER: 13815933)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


YOUR OPTION SERVICES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







Director: Ms L Dumonbreville





Registered office: 69 High Street
Southgate
London
N14 6LD





Registered number: 13815933 (England and Wales)





Accountants: Rock Tax & Accounting Ltd
69 High Street
Southgate
London
N14 6LD

YOUR OPTION SERVICES LTD (REGISTERED NUMBER: 13815933)

BALANCE SHEET
31 DECEMBER 2023

31.12.23 31.12.22
Notes £ £ £ £
Fixed assets
Tangible assets 4 96,476 47,941

Current assets
Debtors 5 157,399 67,640
Cash at bank 218,576 234,275
375,975 301,915
Creditors
Amounts falling due within one year 6 107,565 170,493
Net current assets 268,410 131,422
Total assets less current liabilities 364,886 179,363

Creditors
Amounts falling due after more than one
year

7

(10,228

)

-

Provisions for liabilities (24,019 ) -
Net assets 330,639 179,363

Capital and reserves
Called up share capital 1 1
Retained earnings 330,638 179,362
330,639 179,363

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

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

The director acknowledges her 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 OPTION SERVICES LTD (REGISTERED NUMBER: 13815933)

BALANCE SHEET - continued
31 DECEMBER 2023


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 director and authorised for issue on 16 October 2024 and were signed by:





Ms L Dumonbreville - Director


YOUR OPTION SERVICES LTD (REGISTERED NUMBER: 13815933)

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


1. Statutory information

Your Option Services Ltd 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.

The financial statements have been prepared in Pound Sterling which is the functional currency of the company. Monetary amounts in these financial statements are rounded to nearest £.

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 the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery etc - 20% on cost

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
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 OPTION SERVICES LTD (REGISTERED NUMBER: 13815933)

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


3. Employees and directors

The average number of employees during the year was 5 (2022 - 1 ) .

4. Tangible fixed assets
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£ £ £ £
Cost
At 1 January 2023 50,138 4,320 5,298 59,756
Additions 64,855 - 866 65,721
At 31 December 2023 114,993 4,320 6,164 125,477
Depreciation
At 1 January 2023 10,028 864 923 11,815
Charge for year 15,089 864 1,233 17,186
At 31 December 2023 25,117 1,728 2,156 29,001
Net book value
At 31 December 2023 89,876 2,592 4,008 96,476
At 31 December 2022 40,110 3,456 4,375 47,941

5. Debtors: amounts falling due within one year
31.12.23 31.12.22
£ £
Trade debtors 148,949 67,640
Other debtors 8,450 -
157,399 67,640

6. Creditors: amounts falling due within one year
31.12.23 31.12.22
£ £
Tax 39,847 31,062
Social security and other taxes 7,532 25
Pensions payable 1,486 -
VAT 49,038 81,051
Directors' current accounts 176 54,660
Accrued expenses 9,486 3,695
107,565 170,493

7. Creditors: amounts falling due after more than one year
31.12.23 31.12.22
£ £
Other creditors 10,228 -

YOUR OPTION SERVICES LTD (REGISTERED NUMBER: 13815933)

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


8. Ultimate controlling party

The controlling party is Ms L Dumonbreville.