Registered number
14614662
YOHOME E.C. LTD
Filleted Accounts
30 March 2024
YOHOME E.C. LTD
Registered number: 14614662
Balance Sheet
as at 30 March 2024
Notes 2024
£
Fixed assets
Tangible assets 3 336,347
Current assets
Stocks 45,687
Debtors 4 151,668
Cash at bank and in hand 60,596
257,951
Creditors: amounts falling due within one year 5 (471,656)
Net current liabilities (213,705)
Net assets 122,642
Capital and reserves
Called up share capital 100
Profit and loss account 122,542
Shareholders' funds 122,642
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Xianyuan Ma
Director
Approved by the board on 24 October 2024
YOHOME E.C. LTD
Notes to the Accounts
for the period from 24 January 2023 to 30 March 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover 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.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Leasehold land and buildings 10 years straight line
Plant and machinery 5 years straight line
Fixtures, fittings, tools and equipment 3 years straight line
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2024
Number
Average number of persons employed by the company 4
3 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
Additions 299,068 57,372 356,440
At 30 March 2024 299,068 57,372 356,440
Depreciation
Charge for the period 14,073 6,020 20,093
At 30 March 2024 14,073 6,020 20,093
Net book value
At 30 March 2024 284,995 51,352 336,347
4 Debtors 2024
£
Trade debtors 150,431
Other debtors 1,237
151,668
5 Creditors: amounts falling due within one year 2024
£
Other creditors 471,656
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