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REGISTERED NUMBER: 07898251 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024

FOR

YGS SELECTIONS LTD

YGS SELECTIONS LTD (REGISTERED NUMBER: 07898251)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


YGS SELECTIONS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTOR: I G Schwartz





REGISTERED OFFICE: 125 Fairview Road
London
N15 6TS





REGISTERED NUMBER: 07898251 (England and Wales)





ACCOUNTANTS: Venitt and Greaves
Chartered Accountants
115 Craven Park Road
South Tottenham
London
N15 6BL

YGS SELECTIONS LTD (REGISTERED NUMBER: 07898251)

STATEMENT OF FINANCIAL POSITION
30 APRIL 2024

30.4.24 30.4.23
Notes £    £   
FIXED ASSETS
Tangible assets 4 1,308 1,541

CURRENT ASSETS
Stocks 5 26,500 26,000
Debtors 6 828,670 1,009,880
Investments 7 70,000 70,000
Cash at bank 265,864 55,333
1,191,034 1,161,213
CREDITORS
Amounts falling due within one year 8 (192,018 ) (173,957 )
NET CURRENT ASSETS 999,016 987,256
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,000,324

988,797

CREDITORS
Amounts falling due after more than one
year

9

(108,333

)

(158,333

)
NET ASSETS 891,991 830,464

CAPITAL AND RESERVES
Called up share capital 11 2 2
Retained earnings 12 891,989 830,462
SHAREHOLDERS' FUNDS 891,991 830,464

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

YGS SELECTIONS LTD (REGISTERED NUMBER: 07898251)

STATEMENT OF FINANCIAL POSITION - continued
30 APRIL 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 12 November 2024 and were signed by:





I G Schwartz - Director


YGS SELECTIONS LTD (REGISTERED NUMBER: 07898251)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1. STATUTORY INFORMATION

YGS Selections Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% on reducing balance
Computer equipment - 33% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year 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 statement of financial position date.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2023 - 7 ) .

YGS SELECTIONS LTD (REGISTERED NUMBER: 07898251)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 May 2023
and 30 April 2024 4,050 389 4,439
DEPRECIATION
At 1 May 2023 2,520 378 2,898
Charge for year 229 4 233
At 30 April 2024 2,749 382 3,131
NET BOOK VALUE
At 30 April 2024 1,301 7 1,308
At 30 April 2023 1,530 11 1,541

5. STOCKS
30.4.24 30.4.23
£    £   
Stocks 26,500 26,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors 311,238 188,662
Other debtors 516,645 639,654
VAT 787 1,411
Prepayments - 180,153
828,670 1,009,880

7. CURRENT ASSET INVESTMENTS
30.4.24 30.4.23
£    £   
Unlisted investments 70,000 70,000

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade creditors 7,252 (136,551 )
Tax 60,388 49,569
Social security and other taxes 6,288 6,149
No description 518 -
Other creditors 114,292 252,150
Accrued expenses 3,280 2,640
192,018 173,957

YGS SELECTIONS LTD (REGISTERED NUMBER: 07898251)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.4.24 30.4.23
£    £   
Bank loans - 2-5 years 108,333 158,333

10. SECURED DEBTS

The following secured debts are included within creditors:

30.4.24 30.4.23
£    £   
Bank loans 108,333 158,333

Under the bank loan, £108,333 was received under Coronavirus Business interruption Loan Scheme (CBI). The loan is unsecured, interest free for the first year, then capped at 3.99% afterwards and backed by HM Government.

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.4.24 30.4.23
value: £    £   
1 Ordinary £1 2 2

12. RESERVES
Retained
earnings
£   

At 1 May 2023 830,462
Profit for the year 136,527
Dividends (75,000 )
At 30 April 2024 891,989

13. ULTIMATE CONTROLLING PARTY

The controlling party is I G Schwartz.