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Company Registration No. 07125365 (England and Wales)
Y-NET UK LTD Unaudited accounts for the year ended 31 January 2024
Y-NET UK LTD Unaudited accounts Contents
Page
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Y-NET UK LTD Company Information for the year ended 31 January 2024
Director
Yousuf Shareef Siddiqui MOHAMMED
Company Number
07125365 (England and Wales)
Registered Office
350 ROCHFORDS GARDENS SLOUGH SL2 5XN
Accountants
Tax Accountant | Specialist Tax Consultancy 3 Brindley Place Birmingham West Midlands B1 2JB
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Y-NET UK LTD Statement of financial position as at 31 January 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
100 
100 
Current assets
Debtors
80,204 
84,361 
Cash at bank and in hand
1,572 
149 
81,776 
84,510 
Creditors: amounts falling due within one year
(22,560)
(19,520)
Net current assets
59,216 
64,990 
Total assets less current liabilities
59,316 
65,090 
Creditors: amounts falling due after more than one year
(45,888)
(48,344)
Net assets
13,428 
16,746 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
13,427 
16,745 
Shareholders' funds
13,428 
16,746 
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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 31 October 2024 and were signed on its behalf by
Yousuf Shareef Siddiqui MOHAMMED Director Company Registration No. 07125365
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Y-NET UK LTD Notes to the Accounts for the year ended 31 January 2024
1
Statutory information
Y-NET UK LTD is a private company, limited by shares, registered in England and Wales, registration number 07125365. The registered office is 350 ROCHFORDS GARDENS, SLOUGH, SL2 5XN.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
10% Straight Line
Computer equipment
10% Straight Line
4
Tangible fixed assets
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 February 2023
1,100 
3,000 
4,100 
At 31 January 2024
1,100 
3,000 
4,100 
Depreciation
At 1 February 2023
1,100 
2,900 
4,000 
At 31 January 2024
1,100 
2,900 
4,000 
Net book value
At 31 January 2024
- 
100 
100 
At 31 January 2023
- 
100 
100 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Other debtors
80,204 
84,361 
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Y-NET UK LTD Notes to the Accounts for the year ended 31 January 2024
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Other creditors
22,560 
19,520 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
45,888 
48,344 
8
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1 
1 
9
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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