YT SOLUTIONS LTD

Company Registration Number:
11002535 (England and Wales)

Unaudited abridged accounts for the year ended 30 April 2024

Period of accounts

Start date: 01 November 2022

End date: 30 April 2024

YT SOLUTIONS LTD

Contents of the Financial Statements

for the Period Ended 30 April 2024

Balance sheet
Notes

YT SOLUTIONS LTD

Balance sheet

As at 30 April 2024


Notes

18 months to 30 April 2024

2022


£

£
Fixed assets
Tangible assets: 3 25,064 40,682
Total fixed assets: 25,064 40,682
Current assets
Debtors:   0 2,815
Cash at bank and in hand: 375,431 82,449
Total current assets: 375,431 85,264
Creditors: amounts falling due within one year:   (396,916) (115,907)
Net current assets (liabilities): (21,485) (30,643)
Total assets less current liabilities: 3,579 10,039
Creditors: amounts falling due after more than one year:   (24,376) (27,183)
Total net assets (liabilities): (20,797) (17,144)
Capital and reserves
Called up share capital: 100 100
Profit and loss account: (20,897) (17,244)
Shareholders funds: (20,797) (17,144)

The notes form part of these financial statements

YT SOLUTIONS LTD

Balance sheet statements

For the year ending 30 April 2024 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 24 October 2024
and signed on behalf of the board by:

Name: D J WHITE
Status: Director

The notes form part of these financial statements

YT SOLUTIONS LTD

Notes to the Financial Statements

for the Period Ended 30 April 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

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 is reduced for estimated customer returns, rebates and other similar allowances.

Tangible fixed assets and depreciation policy

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. 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: Motor Vehicles - 25% Reducing Balance Fixtures & Fittings - 4 Years Straight Line Computer Equipment - 3 Years Straight Line

Other accounting policies

Taxation The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expenses that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period. Government Grants Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute. Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.

YT SOLUTIONS LTD

Notes to the Financial Statements

for the Period Ended 30 April 2024

2. Employees

18 months to 30 April 2024 2022
Average number of employees during the period 2 2

YT SOLUTIONS LTD

Notes to the Financial Statements

for the Period Ended 30 April 2024

3. Tangible Assets

Total
Cost £
At 01 November 2022 71,718
Additions 45,711
Disposals (35,871)
At 30 April 2024 81,558
Depreciation
At 01 November 2022 31,036
Charge for year 30,404
On disposals (4,946)
At 30 April 2024 56,494
Net book value
At 30 April 2024 25,064
At 31 October 2022 40,682