Acorah Software Products - Accounts Production 15.0.600 false true 31 January 2023 1 February 2022 false 1 February 2023 31 January 2024 31 January 2024 04840371 Mr Michael Caswell Mr Noel Ferguson Ms Diane Larkin Mr Noel Ferguson iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 04840371 2023-01-31 04840371 2024-01-31 04840371 2023-02-01 2024-01-31 04840371 frs-core:CurrentFinancialInstruments 2024-01-31 04840371 frs-core:Non-currentFinancialInstruments 2024-01-31 04840371 frs-core:BetweenOneFiveYears 2024-01-31 04840371 frs-core:FurnitureFittings 2024-01-31 04840371 frs-core:FurnitureFittings 2023-02-01 2024-01-31 04840371 frs-core:FurnitureFittings 2023-01-31 04840371 frs-core:MotorVehicles 2024-01-31 04840371 frs-core:MotorVehicles 2023-02-01 2024-01-31 04840371 frs-core:MotorVehicles 2023-01-31 04840371 frs-core:PlantMachinery 2024-01-31 04840371 frs-core:PlantMachinery 2023-02-01 2024-01-31 04840371 frs-core:PlantMachinery 2023-01-31 04840371 frs-core:WithinOneYear 2024-01-31 04840371 frs-core:ShareCapital 2024-01-31 04840371 frs-core:RetainedEarningsAccumulatedLosses 2024-01-31 04840371 frs-bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 04840371 frs-bus:FilletedAccounts 2023-02-01 2024-01-31 04840371 frs-bus:SmallEntities 2023-02-01 2024-01-31 04840371 frs-bus:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 04840371 frs-bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 04840371 frs-bus:OrdinaryShareClass1 2023-02-01 2024-01-31 04840371 frs-bus:OrdinaryShareClass1 2024-01-31 04840371 frs-bus:OrdinaryShareClass2 2023-02-01 2024-01-31 04840371 frs-bus:OrdinaryShareClass2 2024-01-31 04840371 frs-core:DeferredTaxation 2023-02-01 2024-01-31 04840371 frs-core:DeferredTaxation 2023-01-31 04840371 frs-core:DeferredTaxation 2024-01-31 04840371 frs-bus:Director1 2023-02-01 2024-01-31 04840371 frs-bus:Director2 2023-02-01 2024-01-31 04840371 frs-bus:Director3 2023-02-01 2024-01-31 04840371 frs-bus:CompanySecretary1 2023-02-01 2024-01-31 04840371 frs-core:CurrentFinancialInstruments 2 2024-01-31 04840371 frs-countries:EnglandWales 2023-02-01 2024-01-31 04840371 2022-01-31 04840371 2023-01-31 04840371 2022-02-01 2023-01-31 04840371 frs-core:CurrentFinancialInstruments 2023-01-31 04840371 frs-core:Non-currentFinancialInstruments 2023-01-31 04840371 frs-core:BetweenOneFiveYears 2023-01-31 04840371 frs-core:MotorVehicles 2022-02-01 2023-01-31 04840371 frs-core:WithinOneYear 2023-01-31 04840371 frs-core:ShareCapital 2023-01-31 04840371 frs-core:RetainedEarningsAccumulatedLosses 2023-01-31 04840371 frs-bus:OrdinaryShareClass1 2022-02-01 2023-01-31 04840371 frs-bus:OrdinaryShareClass2 2022-02-01 2023-01-31 04840371 frs-core:CurrentFinancialInstruments 2 2023-01-31
Registered number: 04840371
YGI Limited
Unaudited Financial Statements
For The Year Ended 31 January 2024
DEB Chartered Accountants
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 04840371
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 59,533 79,389
59,533 79,389
CURRENT ASSETS
Stocks 20,000 30,000
Debtors 5 350,267 132,688
Cash at bank and in hand 44,694 189,225
414,961 351,913
Creditors: Amounts Falling Due Within One Year 6 (255,629 ) (171,364 )
NET CURRENT ASSETS (LIABILITIES) 159,332 180,549
TOTAL ASSETS LESS CURRENT LIABILITIES 218,865 259,938
Creditors: Amounts Falling Due After More Than One Year 7 (24,366 ) (38,234 )
PROVISIONS FOR LIABILITIES
Deferred Taxation 10 (10,840 ) (10,738 )
NET ASSETS 183,659 210,966
CAPITAL AND RESERVES
Called up share capital 12 6 6
Profit and Loss Account 183,653 210,960
SHAREHOLDERS' FUNDS 183,659 210,966
Page 1
Page 2
For the year ending 31 January 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Noel Ferguson
Director
24/10/2024
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
YGI Limited Registered number 04840371 is a limited by shares company incorporated in England & Wales. The Registered Office is 19 Middlewoods Way, Carlton, Barnsley, South Yorkshire, S71 3HR.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Tools and Equipment 25% reducing balance
Motor Vehicles 25% reducing balance
Equipment Fixtures and Fittings 25% reducing balance
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.6. Taxation
The charge for taxation takes into account taxation deferred as a result of timing differences between the treatment of certain items for taxation and accounting purposes. In general, deferred taxation is recognised in respect of timing differences that have originated but not reversed at the balance sheet date. However, deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. Deferred taxation is measured on a non-discounted basis at the tax rates that are expected to apply in periods in which the timing differences reverse, based on tax rates and the law enacted or substantively enacted at the balance sheet date.
2.7. Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 22 (2023: 23)
22 23
Page 3
Page 4
4. Tangible Assets
Tools and Equipment Motor Vehicles Equipment Fixtures and Fittings Total
£ £ £ £
Cost
As at 1 February 2023 11,862 271,036 14,009 296,907
Additions - 400 - 400
Disposals - (13,000 ) - (13,000 )
As at 31 January 2024 11,862 258,436 14,009 284,307
Depreciation
As at 1 February 2023 11,787 191,877 13,854 217,518
Provided during the period 19 19,787 38 19,844
Disposals - (12,588 ) - (12,588 )
As at 31 January 2024 11,806 199,076 13,892 224,774
Net Book Value
As at 31 January 2024 56 59,360 117 59,533
As at 1 February 2023 75 79,159 155 79,389
Included above are assets held under finance leases or hire purchase contracts with a net book value as follows:
2024 2023
£ £
Motor Vehicles 8,783 11,711
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 295,071 98,939
Prepayments and accrued income 5,066 5,188
VAT 50,130 28,561
350,267 132,688
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 4,100 4,100
Trade creditors 168,036 99,469
Bank loans and overdrafts 10,000 10,000
Corporation tax 1,655 -
PAYE creditor 36,414 32,133
Wages creditor 16,765 9,641
Pension creditor 1,310 2,015
Credit card 13,783 11,964
Accruals and deferred income 3,566 2,042
255,629 171,364
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Page 5
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 4,442 8,542
Bank loans 19,924 29,692
24,366 38,234
8. Secured Creditors
Of the creditors the following amounts are secured.
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 8,542 12,642
9. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 4,100 4,100
Later than one year and not later than five years 4,442 8,542
8,542 12,642
8,542 12,642
10. Deferred Taxation
The provision for deferred tax is made up as follows:
2024 2023
£ £
Other timing differences 10,840 10,738
11. Provisions for Liabilities
Deferred Tax Total
£ £
As at 1 February 2023 10,738 10,738
Additions 102 102
Balance at 31 January 2024 10,840 10,840
12. Share Capital
2024 2023
Allotted, called up and fully paid £ £
1 Ordinary Shares of £ 4 each 4 4
1 Ordinary A shares of £ 2 each 2 2
6 6
Page 5
Page 6
13. Other Commitments
At the end of the period the company had annual commitments under non-cancellable leases as follows:
2024 2023
£ £
Not later than one year 8,629 1,985
Later than one year and not later than five years 85,170 110,670
93,799 112,655
14. Directors Advances, Credits and Guarantees
Dividends paid to directors
2024 2023
£ £
Ms Diane Larkin 30,000 40,000
D Larkin has given a personal guarantee in respect of the bank overdraft to a limit of £150,000.
15. Related Party Transactions
The company is controlled by Ms D Larkin & N Ferguson, directors and shareholders of the company.
Page 6