IRIS Accounts Production v24.2.0.383 09597780 Board of Directors 1.4.23 31.3.24 31.3.24 false true false false false true false Ordinary 0.010 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh095977802023-03-31095977802024-03-31095977802023-04-012024-03-31095977802022-03-31095977802022-04-012023-03-31095977802023-03-3109597780ns15:EnglandWales2023-04-012024-03-3109597780ns14:PoundSterling2023-04-012024-03-3109597780ns10:Director12023-04-012024-03-3109597780ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3109597780ns10:SmallEntities2023-04-012024-03-3109597780ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-3109597780ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3109597780ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3109597780ns10:FullAccounts2023-04-012024-03-310959778012023-04-012024-03-3109597780ns10:OrdinaryShareClass12023-04-012024-03-3109597780ns10:Director22023-04-012024-03-3109597780ns10:Director42023-04-012024-03-3109597780ns10:RegisteredOffice2023-04-012024-03-3109597780ns5:CurrentFinancialInstruments2024-03-3109597780ns5:CurrentFinancialInstruments2023-03-3109597780ns5:Non-currentFinancialInstruments2024-03-3109597780ns5:Non-currentFinancialInstruments2023-03-3109597780ns5:ShareCapital2024-03-3109597780ns5:ShareCapital2023-03-3109597780ns5:SharePremium2024-03-3109597780ns5:SharePremium2023-03-3109597780ns5:RetainedEarningsAccumulatedLosses2024-03-3109597780ns5:RetainedEarningsAccumulatedLosses2023-03-3109597780ns5:NetGoodwill2023-04-012024-03-3109597780ns5:NetGoodwill2023-03-3109597780ns5:NetGoodwill2024-03-3109597780ns5:NetGoodwill2023-03-3109597780ns5:FurnitureFittings2023-03-3109597780ns5:ComputerEquipment2023-03-3109597780ns5:FurnitureFittings2023-04-012024-03-3109597780ns5:ComputerEquipment2023-04-012024-03-3109597780ns5:FurnitureFittings2024-03-3109597780ns5:ComputerEquipment2024-03-3109597780ns5:FurnitureFittings2023-03-3109597780ns5:ComputerEquipment2023-03-3109597780ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-03-3109597780ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-3109597780ns10:OrdinaryShareClass12024-03-3109597780ns5:RetainedEarningsAccumulatedLosses2023-03-3109597780ns5:SharePremium2023-03-3109597780ns5:RetainedEarningsAccumulatedLosses2023-04-012024-03-31
REGISTERED NUMBER: 09597780 (England and Wales)













UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

YEASTIE BOYS UK LTD

YEASTIE BOYS UK LTD (REGISTERED NUMBER: 09597780)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


YEASTIE BOYS UK LTD

COMPANY INFORMATION
for the Year Ended 31 March 2024







DIRECTORS: S I Mckinlay
S I Possenniskie
S Goode





REGISTERED OFFICE: 56 Clifton Road
Tunbridge Wells
Kent
TN2 3AT





REGISTERED NUMBER: 09597780 (England and Wales)





ACCOUNTANTS: Oury Clark Chartered Accountants
Herschel House
58 Herschel Street
Slough
Berkshire
SL1 1PG

YEASTIE BOYS UK LTD (REGISTERED NUMBER: 09597780)

BALANCE SHEET
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 892,609 1,014,329
Tangible assets 5 800 862
893,409 1,015,191

CURRENT ASSETS
Stocks 59,530 89,586
Debtors 6 50,074 54,805
Cash at bank 64,393 163,820
173,997 308,211
CREDITORS
Amounts falling due within one year 7 136,898 117,163
NET CURRENT ASSETS 37,099 191,048
TOTAL ASSETS LESS CURRENT
LIABILITIES

930,508

1,206,239

CREDITORS
Amounts falling due after more than one
year

8

17,365

27,420
NET ASSETS 913,143 1,178,819

CAPITAL AND RESERVES
Called up share capital 9 1 1
Share premium 10 2,000,000 2,000,000
Retained earnings 10 (1,086,858 ) (821,182 )
SHAREHOLDERS' FUNDS 913,143 1,178,819

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.

YEASTIE BOYS UK LTD (REGISTERED NUMBER: 09597780)

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.

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 18 October 2024 and were signed on its behalf by:





S I Possenniskie - Director


YEASTIE BOYS UK LTD (REGISTERED NUMBER: 09597780)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Yeastie Boys UK 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 directors believe that notwithstanding current year losses, the company's financial statements should be prepared on the going concern basis on the grounds of the company's net asset position.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
Turnover represents amounts receivable for goods net of VAT. The total turnover of the company for the year has been derived from its principal activities. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of goods have passed to the buyer, usually on dispatch of the goods and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2021, is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets
Tangible fixed assets are initially measured at cost. After initial recognition, tangible fixed assets are measured at cost less any accumulated depreciation and any accumulated impairment losses.

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over it's estimated useful life.
Plant and machinery etc - Straight line over 3 years

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

Financial instruments
Basic Financial Instruments as covered by Section 11 of FRS 102 are measured at amortised cost. The company does not have any Other Financial Instruments as covered by Section 12 of FRS 102.

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.


YEASTIE BOYS UK LTD (REGISTERED NUMBER: 09597780)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2024

2. ACCOUNTING POLICIES - continued
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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 5 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 1,217,195
AMORTISATION
At 1 April 2023 202,866
Charge for year 121,720
At 31 March 2024 324,586
NET BOOK VALUE
At 31 March 2024 892,609
At 31 March 2023 1,014,329

YEASTIE BOYS UK LTD (REGISTERED NUMBER: 09597780)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2024

5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 April 2023 4,424 1,904 6,328
Additions 508 191 699
Disposals (2,755 ) (191 ) (2,946 )
At 31 March 2024 2,177 1,904 4,081
DEPRECIATION
At 1 April 2023 3,742 1,724 5,466
Charge for year 600 160 760
Eliminated on disposal (2,754 ) (191 ) (2,945 )
At 31 March 2024 1,588 1,693 3,281
NET BOOK VALUE
At 31 March 2024 589 211 800
At 31 March 2023 682 180 862

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 40,238 53,240
Other debtors 9,836 1,565
50,074 54,805

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 10,055 9,829
Trade creditors 19,449 14,447
Amounts owed to group undertakings 94,760 84,300
Taxation and social security 8,083 5,355
Other creditors & accruals 4,551 3,232
136,898 117,163

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Bank loans 17,365 27,420

YEASTIE BOYS UK LTD (REGISTERED NUMBER: 09597780)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2024

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
11,430 Ordinary £0.0001 1 1

10. RESERVES
Retained Share
earnings premium Totals
£    £    £   

At 1 April 2023 (821,182 ) 2,000,000 1,178,818
Deficit for the year (265,676 ) (265,676 )
At 31 March 2024 (1,086,858 ) 2,000,000 913,142

11. ULTIMATE PARENT COMPANY

The company is a subsidiary of Yeastie Boys Limited NZ, whose registered office is c/o KPMG Level 9, 2-10
Customhouse Quay, Wellington Central, Wellington 6011. Consolidated financial statements are prepared and
available from the registered office address.

In the year ended 31 March 2022, the company purchased Goodwill and other assets amounting to £1,217,195 from Yeastie Boys Limited NZ.