2023-04-012024-03-312024-03-31false06863683YUE GUANG PROFESSIONAL SERVICES 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YUE GUANG PROFESSIONAL SERVICES LTD

Registered Number
06863683
(England and Wales)

Unaudited Financial Statements for the Year ended
31 March 2024

YUE GUANG PROFESSIONAL SERVICES LTD
Company Information
for the year from 1 April 2023 to 31 March 2024

Directors

TEALE, Simon Lindsay
TEALE, Susan Nicola

Registered Address

Union House 111 New Union Street
Coventry
CV1 2NT

Registered Number

06863683 (England and Wales)
YUE GUANG PROFESSIONAL SERVICES LTD
Statement of Financial Position
31 March 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets315,81419,767
Investments43131
15,84519,798
Current assets
Debtors385385
Cash at bank and on hand22,86823,994
23,25324,379
Creditors amounts falling due within one year5(38,097)(43,176)
Net current assets (liabilities)(14,844)(18,797)
Total assets less current liabilities1,0011,001
Net assets1,0011,001
Capital and reserves
Called up share capital1,0001,000
Profit and loss account11
Shareholders' funds1,0011,001
The financial statements were approved and authorised for issue by the Board of Directors on 3 December 2024, and are signed on its behalf by:
TEALE, Simon Lindsay
Director
Registered Company No. 06863683
YUE GUANG PROFESSIONAL SERVICES LTD
Notes to the Financial Statements
for the year ended 31 March 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Functional and presentation currency
The financial statements are presented in sterling and this is the functional currency of the company.
Turnover policy
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 sale of goods and from the rendering of services.
Revenue from sale of goods
Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.
Deferred tax
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.
Tangible fixed assets and depreciation
All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Reducing balance (%)Straight line (years)
Plant and machinery-3
Vehicles20-
Office Equipment20-
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
2.Average number of employees

20242023
Average number of employees during the year11
3.Tangible fixed assets

Plant & machinery

Vehicles

Office Equipment

Total

££££
Cost or valuation
At 01 April 231,22443,5903,03747,851
At 31 March 241,22443,5903,03747,851
Depreciation and impairment
At 01 April 231,22425,7361,12428,084
Charge for year-3,5713823,953
At 31 March 241,22429,3071,50632,037
Net book value
At 31 March 24-14,2831,53115,814
At 31 March 23-17,8541,91319,767
4.Fixed asset investments

Investments in groups1

Total

££
Cost or valuation
At 01 April 233131
At 31 March 243131
Net book value
At 31 March 243131
At 31 March 233131

Notes

1Investments in group undertakings and participating interests
5.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables32,48138,593
Taxation and social security5,6164,583
Total38,09743,176