8 JANUARY 2025
YOU'RE SO VEIN LIMITED
Registered in England & Wales No. 14152640
FILLETED FINANCIAL ACCOUNTS
FOR THE PERIOD
1 JULY 2023 TO 30 JUNE 2024
ACCOUNTING POLICIES
Accounting convention
The financial statements within the annual report have been prepared on the going concern basis and are in compliance with section 1A of the financial reporting standard 102 applicable in the United Kingdom.
Deferred taxation
Provision is made for at the appropriate or current tax rate in respect of any possible liability due to timing differences between recognition of events for taxation and accounting purposes. Recognition of any possible asset due to timing differences as above is only recognised to the extent that recovery is reasonably certain.
Revenue
Revenue represents income in respect of goods or services possession of which has passed to customers in the normal course of activity, and for which those customers have become liable during the period. It is stated net of any tax that is passed on to, or offset against amounts due from, taxing authorities.
Repairs and renewals
Expenditure of up to £1000 on an item, excluding items treated as part of a project over £1000, is written off in the period it is incurred even if it represented an addition or improvement.
FINANCIAL POSITION
As at 30 June 2024 2023
Notes £ £
Current assets
Trade and other receivables 2 3,117 1,045
Cash and cash equivalents 3 3,886 5,274
7,003 6,319
Current liabilities
Due not later than one year
Trade and other payables 4 (375) (1,619)
Taxation 5 (1,296) (893)
5,332 3,807
Equity
Share capital 6 1 1
Distributable reserves 5,331 3,806
5,332 3,807
The company is registered in England & Wales under no. 14152640 and is subject to the Companies Act 2006 in its various sections.
The directors acknowledge their responsibilities under section 386 of the Act for the maintenance of adequate accounting records and under section 394 of the Act for the preparation of financial statements.
For the period to 30 June 2024, the date of this financial position statement, the company qualified as small under section 382 of the Act. Members have not required the company to obtain an audit of its financial statements under section 476 of the Act.
The company is entitled, as a small company, to exemption under section 477 of the Companies Act 2006 from the statutory requirement for audited financial statements.
In conformity with section 444 of the Act, the form of these accounts delivered to the registrar of companies; in accordance with the provisions applicable to companies subject to the small companies regime, may be prepared by the removal of any reports, statements of movements in equity, income and expenses, and cash flows; but this filleted form delivers, as a minimum, the statements of accounting policies, financial position and notes thereto.
Approved and authorised for issue by the board on 8 January 2025 and signed on its behalf.
J A Bammens
Director
NOTES TO THE FILLETED ACCOUNTS
2024 2023
£ £
1 Accounting Policies
The accounting policies are set out in full in a preceding statement.
2 Trade and other receivables
Trade receivables 713 487
Prepayments 0 558
Amounts due from directors 2,404 0
3,117 1,045
3 Cash and cash equivalents
Bank current account 3,886 5,274
4 Current trade and other payables
Trade payables 0 (607)
Due to directors 0 (662)
Accruals (375) (350)
(375) (1,619)
5 Current taxation
Corporation tax (1,296) (893)
6 Share capital
The company is a private company limited by share capital
2024 2023
Number Number
Equity ordinary shares of £1 each
Ordinary
Allotted, called up and fully paid 1 1 1 1
7 Ultimate control
The company is controlled by the director.
8 Commitments
Capital expenditure
There are no capital commitments.
9 Related party transactions
Key management personnel
Directors and their relationships
Transactions during the period
Remuneration 1,670 3,040
Dividends
Directors 4,000 0
10 Activity
The principal activity continues to be that of varicose vein treatments.
11 Employees (including directors)
2024 2023
Average during the period Number Number
1 1
ADMINISTRATION AND ADVISERS
Bankers Mettle Ventures Limited
Accountants and registrar Cramptons
25A St Matthews Road
Torquay
TQ2 6JA
Office 12 Pentillie Road
Bere Alston
Yelverton
PL20 7BB
Great Britain
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