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Registered Number: 08702608
England and Wales

 

 

 

YOUNS LTD


Abridged Accounts
 


Period of accounts

Start date: 01 April 2023

End date: 31 March 2024
  2024   2023
    £ £   £ £
Fixed assets   33,517      41,156 
Current assets 216,802      268,310   
Prepayments and accrued income (4,386)      
Creditors: amount falling due within one year (82,858)     (66,476)  
Net current assets   129,558      201,834 
Total assets less current liabilities   163,075      242,990 
Creditors: amount falling due after more than one year   (157,998)     (214,030)
Net assets   5,077      28,960 
 

         
Capital and reserves   5,077      28,960 
 
NOTES TO THE ACCOUNTS

General Information
YOUNS LTD is a private company, limited by shares, registered in England and Wales, registration number 08702608, registration address 21 Copenhagen Gardens, London, W4 5NN.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 105 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Land and Buildings 18 Reducing Balance
Plant and Machinery 18 Reducing Balance
Motor Vehicles 18 Reducing Balance
Fixtures and Fittings 18 Reducing Balance
Computer Equipment 18 Reducing Balance
2.

Tangible fixed assets

Cost or valuation Plant and Machinery   Motor Vehicles   Fixtures and Fittings   Computer Equipment   Land and Buildings   Total
  £   £   £   £   £   £
At 01 April 2023 5,718    26,316    37,685    8,159    63,143    141,021 
Additions          
Disposals          
At 31 March 2024 5,718    26,316    37,685    8,159    63,143    141,021 
Depreciation
At 01 April 2023 3,068    10,750    29,311    4,274    52,462    99,865 
Charge for year 710    2,802    1,505    699    1,923    7,639 
On disposals          
At 31 March 2024 3,778    13,552    30,816    4,973    54,385    107,504 
Net book values
Closing balance as at 31 March 2024 1,940    12,764    6,869    3,186    8,758    33,517 
Opening balance as at 01 April 2023 2,650    15,566    8,374    3,885    10,681    41,156 

The net book value of Land and Buildings includes £ 8,758 (2023 £10,681) in respect of assets leased under finance leases or hire purchase contracts.

3.

Average number of employees

Average number of employees during the year was 21 (2023 : 28).

4.

Control

Mr Homayoun Fahimipour is the director and majority share holder holding ultimate controlling power with 70% shares, the rest 30% share held by Mrs Maliheh Hassani who resigned as a director on 24-02-2020.

For the year ended 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' Responsibilities:
The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.

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.

These accounts have been prepared in accordance with the micro-entity provisions and FRS 105, the Financial Reporting Standard applicable to the micro-entities regime. The accounts have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. The income statement has not been delivered to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts.
The financial statements were approved by the board of directors on 27 December 2024 and were signed on its behalf by:


--------------------------------
Mr. Homayoun Fahimipour
Director
1