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REGISTERED NUMBER: 12424718 (England and Wales)


Financial Statements for the Year Ended 31 January 2024

for

YSM Limited

YSM Limited (Registered number: 12424718)






Contents of the Financial Statements
for the Year Ended 31 January 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


YSM Limited

Company Information
for the Year Ended 31 January 2024







DIRECTOR: Mrs Jasvinder Kaur Bahra





REGISTERED OFFICE: 1st Floor 93-95 High Street
Brownhills
Walsall
WS8 6EW





REGISTERED NUMBER: 12424718 (England and Wales)





ACCOUNTANTS: Sterling Accounting Services Limited
Bridge House
9-13 Holbrook Lane
Coventry
CV6 4AD

YSM Limited (Registered number: 12424718)

Statement of Financial Position
31 January 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 49,000 49,000
Property, plant and equipment 5 866,407 611,621
915,407 660,621

CURRENT ASSETS
Cash at bank and in hand 11,608 29,707

CREDITORS
Amounts falling due within one year 6 835,401 629,328
NET CURRENT LIABILITIES (823,793 ) (599,621 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

91,614

61,000

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 91,514 60,900
SHAREHOLDERS' FUNDS 91,614 61,000

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

YSM Limited (Registered number: 12424718)

Statement of Financial Position - continued
31 January 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 director and authorised for issue on 29 October 2024 and were signed by:





Mrs Jasvinder Kaur Bahra - Director


YSM Limited (Registered number: 12424718)

Notes to the Financial Statements
for the Year Ended 31 January 2024

1. STATUTORY INFORMATION

YSM Limited 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.

Turnover
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

3. EMPLOYEES AND DIRECTORS

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

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 February 2023
and 31 January 2024 49,000
NET BOOK VALUE
At 31 January 2024 49,000
At 31 January 2023 49,000

YSM Limited (Registered number: 12424718)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

5. PROPERTY, PLANT AND EQUIPMENT
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 February 2023 610,621 1,000 611,621
Additions 254,786 - 254,786
At 31 January 2024 865,407 1,000 866,407
NET BOOK VALUE
At 31 January 2024 865,407 1,000 866,407
At 31 January 2023 610,621 1,000 611,621

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade creditors 267,000 345
Taxation and social security 7,181 6,763
Other creditors 561,220 622,220
835,401 629,328

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.1.24 31.1.23
value: £    £   
100 Ordinary £1 100 100