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COMPANY REGISTRATION NUMBER: 10753299
YOHO ARTS & CRAFTS UK LIMITED
FILLETED UNAUDITED ABRIDGED FINANCIAL STATEMENTS
31 May 2024
YOHO ARTS & CRAFTS UK LIMITED
ABRIDGED STATEMENT OF FINANCIAL POSITION
31 May 2024
2024
2023
Note
£
£
£
CURRENT ASSETS
Debtors
8,982
Cash at bank and in hand
19,675
143,987
---------
----------
19,675
152,969
CREDITORS: amounts falling due within one year
18,800
131,742
---------
----------
NET CURRENT ASSETS
875
21,227
----
---------
TOTAL ASSETS LESS CURRENT LIABILITIES
875
21,227
----
---------
NET ASSETS
875
21,227
----
---------
CAPITAL AND RESERVES
Called up share capital
2
2
Profit and loss account
873
21,225
----
---------
SHAREHOLDERS FUNDS
875
21,227
----
---------
These abridged financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the abridged statement of income and retained earnings has not been delivered.
For the year ending 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its abridged financial statements for the year in question in accordance with section 476 ;
- The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of abridged financial statements .
All of the members have consented to the preparation of the abridged statement of income and retained earnings and the abridged statement of financial position for the year ending 31 May 2024 in accordance with Section 444(2A) of the Companies Act 2006.
YOHO ARTS & CRAFTS UK LIMITED
ABRIDGED STATEMENT OF FINANCIAL POSITION (continued)
31 May 2024
These abridged financial statements were approved by the board of directors and authorised for issue on 10 July 2024 , and are signed on behalf of the board by:
Miss X Wang
Director
Company registration number: 10753299
YOHO ARTS & CRAFTS UK LIMITED
NOTES TO THE ABRIDGED FINANCIAL STATEMENTS
YEAR ENDED 31 MAY 2024
1. General information
The company is a private company limited by shares, registered in United Kingdom. The address of the registered office is 1 Derby Road, Eastwood, Nottingham, Nottinghamshire, NG16 3PA, England.
2. Statement of compliance
These abridged financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The abridged financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The abridged financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Foreign currencies
Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.
4. Director's advances, credits and guarantees
Included within creditors is an amount owed to the directors of £19,000 (2023: £0) This amount is interest free, unsecured and repayable upon demand.