YB108 Ltd 14955499 false 2023-06-23 2024-06-30 2024-06-30 The principal activity of the company is publishing & related products. Digita Accounts Production Advanced 6.30.9574.0 true true 14955499 2023-06-23 2024-06-30 14955499 2024-06-30 14955499 bus:OrdinaryShareClass1 2024-06-30 14955499 core:CurrentFinancialInstruments 2024-06-30 14955499 core:CurrentFinancialInstruments core:WithinOneYear 2024-06-30 14955499 bus:SmallEntities 2023-06-23 2024-06-30 14955499 bus:AuditExemptWithAccountantsReport 2023-06-23 2024-06-30 14955499 bus:FullAccounts 2023-06-23 2024-06-30 14955499 bus:SmallCompaniesRegimeForAccounts 2023-06-23 2024-06-30 14955499 bus:RegisteredOffice 2023-06-23 2024-06-30 14955499 bus:Director1 2023-06-23 2024-06-30 14955499 bus:OrdinaryShareClass1 2023-06-23 2024-06-30 14955499 bus:PrivateLimitedCompanyLtd 2023-06-23 2024-06-30 14955499 countries:EnglandWales 2023-06-23 2024-06-30 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 14955499

YB108 Ltd

Unaudited Filleted Financial Statements

for the Period from 23 June 2023 to 30 June 2024

 

YB108 Ltd

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 6

 

YB108 Ltd

Company Information

Director

Yasmin Patricia Boland

Registered office

102 Fulham Palace Road
London
W6 9PL

Accountants

Michaelides Warner & Co
102 Fulham Palace Road
London
W6 9PL

 

YB108 Ltd

(Registration number: 14955499)
Balance Sheet as at 30 June 2024

Note

2024
£

Current assets

 

Debtors

4

63,276

Cash at bank and in hand

 

194,030

 

257,306

Creditors: Amounts falling due within one year

5

(75,541)

Net assets

 

181,765

Capital and reserves

 

Called up share capital

6

100

Retained earnings

181,665

Shareholders' funds

 

181,765

For the financial period ending 30 June 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 accounts for the period in question in accordance with section 476; and

The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 25 November 2024
 

.........................................
Yasmin Patricia Boland
Director

 

YB108 Ltd

Notes to the Unaudited Financial Statements for the Period from 23 June 2023 to 30 June 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
102 Fulham Palace Road
London
W6 9PL
England

These financial statements were authorised for issue by the director on 25 November 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

 

YB108 Ltd

Notes to the Unaudited Financial Statements for the Period from 23 June 2023 to 30 June 2024

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

 

YB108 Ltd

Notes to the Unaudited Financial Statements for the Period from 23 June 2023 to 30 June 2024

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including the director) during the period, was 1.

4

Debtors

Current

2024
£

Trade debtors

7,329

Other debtors

55,947

 

63,276

 

YB108 Ltd

Notes to the Unaudited Financial Statements for the Period from 23 June 2023 to 30 June 2024

5

Creditors

Creditors: amounts falling due within one year

2024
£

Due within one year

Trade creditors

4,355

Taxation and social security

69,386

Accruals and deferred income

1,800

75,541

6

Share capital

Allotted, called up and fully paid shares

 

2024

 

No.

£

Ordinary Shares of £1 each

100

100

     

7

Related party transactions

At the year end the company was owed by the director £9,927.