AOK Yellow Ltd
Registered number: 05070909
Statement of Financial Position
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 32,138 39,082
Current assets
Debtors 4 8,737 6,677
Cash at bank and in hand 145,286 94,947
154,023 101,624
Creditors: amounts falling due within one year 5 (27,336) (12,577)
Net current assets 126,687 89,047
Total assets less current liabilities 158,825 128,129
Provisions for liabilities (4,415) (4,670)
Net assets 154,410 123,459
Capital and reserves
Called up share capital 100 100
Profit and loss account 154,310 123,359
Shareholders' funds 154,410 123,459
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 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.
Mr K O'Reilly
Director
Approved by the board on 31 October 2024
AOK Yellow Ltd
Notes to the Accounts
for the year ended 31 March 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102 Section 1a small entities, the financial reporting standard applicable in the UK and the Republic of Ireland.
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 rendering of services. 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.
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:
Freehold buildings over 10 years
Plant and machinery 25% reducing balance
Debtors
Short term debtors are measured at transaction 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. 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.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Pensions
The company operates a defined contribution pension scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
2 Employees and directors 2024 2023
Number Number
Average number of directors and persons employed by the company 3 3
3 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 April 2023 16,117 33,512 49,629
Additions - 1,083 1,083
At 31 March 2024 16,117 34,595 50,712
Depreciation
At 1 April 2023 1,612 8,935 10,547
Charge for the year 1,612 6,415 8,027
At 31 March 2024 3,224 15,350 18,574
Net book value
At 31 March 2024 12,893 19,245 32,138
At 31 March 2023 14,505 24,577 39,082
4 Debtors 2024 2023
£ £
Other debtors 8,737 6,677
5 Creditors: amounts falling due within one year 2024 2023
£ £
Accruals 3,166 1,578
Corporation tax 24,126 10,649
Other creditors 44 350
27,336 12,577
6 Other information
AOK Yellow Ltd is a private company limited by shares and incorporated in England. Its registered office is:
59 Priestwood Avenue
Bracknell
Berkshire
RG42 1UY
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