1 April 2023 v2024.67.2 limited_company_frs_102_section_1a_v1_1_2 companies_houseSoftwarefalsetruetruetrueNo description of principal activity0falsetruexbrli:purexbrli:sharesiso4217:GBP070455932023-04-012024-03-31070455932024-03-31070455932023-03-3107045593core:WithinOneYear2024-03-3107045593core:WithinOneYear2023-03-3107045593core:AfterOneYear2024-03-3107045593core:ShareCapital2024-03-3107045593core:ShareCapital2023-03-3107045593core:RevaluationReserve2024-03-3107045593core:RevaluationReserve2023-03-3107045593core:OtherReservesSubtotal2024-03-3107045593core:OtherReservesSubtotal2023-03-3107045593core:RetainedEarningsAccumulatedLosses2024-03-3107045593core:RetainedEarningsAccumulatedLosses2023-03-3107045593bus:Director12023-04-012024-03-3107045593bus:RegisteredOffice2023-04-012024-03-3107045593core:OfficeEquipment2023-04-012024-03-3107045593core:PlantMachinery2023-04-012024-03-3107045593core:FurnitureFittings2023-04-012024-03-3107045593core:MotorVehicles2023-04-012024-03-3107045593core:PlantMachinery2023-04-01070455932023-04-0107045593core:LandBuildings2023-04-012024-03-3107045593core:LandBuildings2024-03-3107045593core:PlantMachinery2024-03-3107045593core:PlantMachinery2023-03-3107045593core:CostValuation2023-04-0107045593core:RevaluationsIncreaseDecreaseInInvestments2024-03-3107045593core:CostValuation2024-03-310704559312023-04-012024-03-31070455932022-04-012023-03-3107045593countries:EnglandWales2023-04-012024-03-3107045593bus:AuditExemptWithAccountantsReport2023-04-012024-03-3107045593bus:PrivateLimitedCompanyLtd2023-04-012024-03-3107045593bus:SmallEntities2023-04-012024-03-3107045593bus:FullAccounts2023-04-012024-03-31
Company registration number:
07045593
Yoshi Goods Limited
Unaudited Filleted Financial Statements for the year ended
31 March 2024
Yoshi Goods Limited
Chartered accountant's report to the board of directors on the preparation of the unaudited statutory financial statements of Yoshi Goods Limited
Year ended
31 March 2024
In order to assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the
financial statements
of
Yoshi Goods Limited
for the year ended
31 March 2024
which comprise the income statement, statement of total comprehensive income, statement of financial position, statement of changes in equity and related notes from the company’s accounting records and from information and explanations you have given me.
As a practising member of the Institute of Chartered Accountants in England and Wales (ICAEW), I am subject to its ethical and other professional requirements which are detailed at icaew.com/​regulations.
This report is made solely to the Board of Directors of
Yoshi Goods Limited
, as a body, in accordance with the terms of my engagement letter dated 1 July 2023. My work has been undertaken solely to prepare for your approval the
financial statements
of
Yoshi Goods Limited
and state those matters that I have agreed to state to the Board of Directors of
Yoshi Goods Limited
, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than
Yoshi Goods Limited
and its Board of Directors, as a body, for my work or for this report.
It is your duty to ensure that
Yoshi Goods Limited
has kept adequate accounting records and to prepare statutory
financial statements
that give a true and fair view of the assets, liabilities, financial position and profit of
Yoshi Goods Limited
. You consider that
Yoshi Goods Limited
is exempt from the statutory audit requirement for the year.
I have not been instructed to carry out an audit or a review of the financial statements of Yoshi Goods Limited. For this reason, I have not verified the accuracy or completeness of the accounting records or information and explanations you have given to me and I do not, therefore, express any opinion on the statutory financial statements.
Gordon & Co
Chartered Accountants and Business Advisors
37A Anchor Road
Aldridge
Walsall
West Midlands
WS9 8PT
United Kingdom
Date:
13 November 2024
Yoshi Goods Limited
Statement of Financial Position
31 March 2024
20242023
Note££
Fixed assets    
Tangible assets 5
105,030
 
732
 
Investments 6
190,000
 
165,000
 
295,030
 
165,732
 
Current assets    
Stocks
265,035
 
4,331
 
Debtors 7
255,014
 
359,780
 
Cash at bank and in hand
186,803
 
266,128
 
706,852
 
630,239
 
Creditors: amounts falling due within one year 8
(120,690
)
(29,578
)
Net current assets
586,162
 
600,661
 
Total assets less current liabilities 881,192   766,393  
Creditors: amounts falling due after more than one year 9
(155,860
) -  
Provisions for liabilities
(6,442
)
(6,442
)
Net assets
718,890
 
759,951
 
Capital and reserves    
Called up share capital
75
 
75
 
Revaluation reserve
50,061
 
25,061
 
Other reserves
25
 
25
 
Profit and loss account
668,729
 
734,790
 
Shareholders funds
718,890
 
759,951
 
For the year ending
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 financial statements for the year in question in accordance with section 476;
  • The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These
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.
These
financial statements
were approved by the board of directors and authorised for issue on
13 November 2024
, and are signed on behalf of the board by:
Luke Griffiths-Jones
Director
Company registration number:
07045593
Yoshi Goods Limited
Notes to the Financial Statements
Year ended
31 March 2024

1 General information

The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is
The Tithe Barn, Deans Lade Farm
,
Claypit Lane
,
Lichfield
,
Staffordshire
,
WS14 0AG
, United Kingdom.

2 Statement of compliance

These
financial statements
have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and Republic of Ireland'.

3 Accounting policies

Basis of preparation

The
financial statements
have been prepared on the historical cost basis, as modified by the revaluation of certain assets.
The
financial statements
are prepared in sterling, which is the functional currency of the company.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods and services supplied, net of discounts and Value Added Tax.

Current tax

Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Tangible assets

Tangible assets are initially measured at cost, and are subsequently measured at cost less any accumulated depreciation and accumulated impairment losses or at a revalued amount. Any tangible assets carried at a revalued amount are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Office equipment
20% straight line
Plant and machinery
20% reducing balance
Fixtures and fittings
10% reducing balance
Motor vehicles
25% reducing balance

Fixed asset investments

Other fixed asset investments which are listed are measured at fair value with changes in fair value being recognised in .

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.

Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is more likely than not that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured on an undiscounted basis at the tax rates that would apply in the periods in which timing differences are expected to reverse, based on tax rates and laws enacted at the statement of financial position date.

Provisions for liabilities

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.

4 Average number of employees

The average number of persons employed by the company during the year was
6
(2023: nil).

5 Tangible assets

Land and buildingsPlant and machinery etc.Total
£££
Cost      
At
1 April 2023
-  
5,662
 
5,662
 
Additions
36,000
 
84,687
 
120,687
 
Disposals -  
(623
)
(623
)
At
31 March 2024
36,000
 
89,726
 
125,726
 
Depreciation      
At
1 April 2023
-  
4,930
 
4,930
 
Charge -  
15,664
 
15,664
 
Disposals -  
102
 
102
 
At
31 March 2024
-  
20,696
 
20,696
 
Carrying amount      
At
31 March 2024
36,000
 
69,030
 
105,030
 
At 31 March 2023 -  
732
 
732
 

6 Investments

Other investments other than loans
£
Cost or valuation  
At
1 April 2023
165,000
 
Revaluations
25,000
 
At
31 March 2024
190,000
 
Impairment  
At
1 April 2023
and
31 March 2024
-  
Carrying amount  
At
31 March 2024
190,000
 
At 31 March 2023
165,000
 

7 Debtors

20242023
££
Trade debtors
104,982
  -  
Amounts owed by group undertakings and undertakings in which the company has a participating interest -  
255,405
 
Other debtors
150,032
 
104,375
 
255,014
 
359,780
 

8 Creditors: amounts falling due within one year

20242023
££
Trade creditors
65,241
 
3,110
 
Taxation and social security
35,908
 
20,480
 
Other creditors
19,541
 
5,988
 
120,690
 
29,578
 

9 Creditors: amounts falling due after more than one year

20242023
££
Amounts owed to group undertakings and undertakings in which the company has a participating interest
155,860
  -