REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Period 1 January 2023 to 31 January 2024 |
for |
Yellow Bulldog Limited |
REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Period 1 January 2023 to 31 January 2024 |
for |
Yellow Bulldog Limited |
Yellow Bulldog Limited (Registered number: 08509606) |
Contents of the Financial Statements |
for the Period 1 January 2023 to 31 January 2024 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
Yellow Bulldog Limited |
Company Information |
for the Period 1 January 2023 to 31 January 2024 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
75 Springfield Road |
Chelmsford |
Essex |
CM2 6JB |
Yellow Bulldog Limited (Registered number: 08509606) |
Balance Sheet |
31 January 2024 |
31.12.22 | 31.1.24 |
£ | £ | Notes | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
CURRENT ASSETS |
Stocks |
Debtors | 5 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT (LIABILITIES)/ASSETS | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
CREDITORS |
( |
) | Amounts falling due after more than one year |
7 |
( |
) |
( |
) | PROVISIONS FOR LIABILITIES |
NET (LIABILITIES)/ASSETS | ( |
) |
CAPITAL AND RESERVES |
Called up share capital | 9 |
Retained earnings | ( |
) |
( |
) |
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. |
Yellow Bulldog Limited (Registered number: 08509606) |
Balance Sheet - continued |
31 January 2024 |
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 |
Yellow Bulldog Limited (Registered number: 08509606) |
Notes to the Financial Statements |
for the Period 1 January 2023 to 31 January 2024 |
1. | STATUTORY INFORMATION |
Yellow Bulldog Limited is a |
The presentation currency of the financial statements is the Pound Sterling (£). |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Revenue recognition |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
Turnover comprises of the consideration received or receivable for the sale of goods and provision of |
services in the ordinary course of the company’s activities. Turnover is shown net of sales/value |
added tax, returns, rebates and discounts. |
The company recognises revenue when: |
The amount of revenue can be reliably measured; |
it is probable that future economic benefits will flow to the entity; |
and specific criteria have been met for each of the company's activities. |
Tangible fixed assets |
Plant and machinery etc | - |
Stocks |
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost |
is determined using the first-in, first-out (FIFO) method. |
The cost of finished goods and work in progress comprises direct materials and, where applicable, |
direct labour costs and those overheads that have been incurred in bringing the inventories to their |
present location and condition. At each reporting date, stocks are assessed for impairment. If stocks |
are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the |
impairment loss is recognised immediately in profit or loss. |
Taxation |
Taxation for the period 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. |
Yellow Bulldog Limited (Registered number: 08509606) |
Notes to the Financial Statements - continued |
for the Period 1 January 2023 to 31 January 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 period 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 |
Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the |
date of the transaction. Monetary assets and liabilities denominated in foreign currencies are |
retranslated into the respective functional currency of the entity at the rates prevailing on the reporting |
period date. Non-monetary items carried at fair value that are denominated in foreign currencies are |
retranslated at the rate on the date when the fair value is re-measured. |
Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated. |
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 |
A defined contribution plan is a pension plan under which fixed contributions are paid into a pension |
fund and the company has no legal or constructive obligation to pay further contributions even if the |
fund does not hold sufficient assets to pay all employees the benefits relating to employee service in |
the current and prior periods. |
Contributions to defined contribution plans are recognised as employee benefit expense when they |
are due. If contribution payments exceed the contribution due for service, the excess is recognised as |
a prepayment. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the period was |
Yellow Bulldog Limited (Registered number: 08509606) |
Notes to the Financial Statements - continued |
for the Period 1 January 2023 to 31 January 2024 |
4. | TANGIBLE FIXED ASSETS |
Plant and |
machinery |
etc |
£ |
COST |
At 1 January 2023 |
and 31 January 2024 |
DEPRECIATION |
At 1 January 2023 |
Charge for period |
At 31 January 2024 |
NET BOOK VALUE |
At 31 January 2024 |
At 31 December 2022 |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.1.24 | 31.12.22 |
£ | £ |
Trade debtors |
Other debtors |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.1.24 | 31.12.22 |
£ | £ |
Bank loans and overdrafts |
Trade creditors |
Taxation and social security |
Other creditors |
7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
31.1.24 | 31.12.22 |
£ | £ |
Bank loans |
8. | SECURED DEBTS |
The following secured debts are included within creditors: |
31.1.24 | 31.12.22 |
£ | £ |
Bank loans |
Yellow Bulldog Limited (Registered number: 08509606) |
Notes to the Financial Statements - continued |
for the Period 1 January 2023 to 31 January 2024 |
9. | CALLED UP SHARE CAPITAL |
Allotted, called up and full paid shares |
2024 | 2022 |
No. | £ | No. | £ |
Ordinary A of £0.01 each | 5,000 | 50 | 5,000 | 50 |
Ordinary B of £0.01 each | 5,000 | 50 | 5,000 | 50 |
10,000 | 100 | 10,000 | 100 |
Both classes of shares rank pari passu in the event of a winding up, sale or liquidation. Dividends can |
be declared independent of each class of share. |
10. | RELATED PARTY DISCLOSURES |
At the balance sheet date the company was owed £24,708 (2022 - £400,935) from companies |
connected by common control. All amounts arose under normal trading terms. |
11. | POST BALANCE SHEET EVENTS |
There were no post balance sheet events that require being brought to the attention of the shareholders or creditors. |
12. | GOING CONCERN |
At the period end the company had a net deficiency of assets of £76,237. The directors have undertaken to support the company financially until the situation has been fully redressed. It is therefore deemed appropriate to prepare the financial statements on the going concern basis. |