Company Registration No. 11610969 (England and Wales)
YL Diamonds Ltd
Unaudited accounts
for the year ended 31 October 2023
YL Diamonds Ltd
Unaudited accounts
Contents
YL Diamonds Ltd
Company Information
for the year ended 31 October 2023
Director
Mr Yosef Dov Lieberman
Company Number
11610969 (England and Wales)
Registered Office
28A HATTON GARDEN
LONDON
EC1N 8DA
ENGLAND
YL Diamonds Ltd
Statement of financial position
as at 31 October 2023
Called up share capital not paid
2
2
Tangible assets
3,977
5,302
Inventories
150,000
150,000
Cash at bank and in hand
108,190
168,052
Creditors: amounts falling due within one year
(1,613,316)
(890,961)
Net current assets
357,707
329,284
Total assets less current liabilities
361,686
334,588
Creditors: amounts falling due after more than one year
(31,156)
(40,989)
Net assets
330,530
293,599
Called up share capital
2
2
Profit and loss account
330,528
293,597
Shareholders' funds
330,530
293,599
For the year ending 31 October 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 16 January 2025 and were signed on its behalf by
Mr Yosef Dov Lieberman
Director
Company Registration No. 11610969
YL Diamonds Ltd
Notes to the Accounts
for the year ended 31 October 2023
YL Diamonds Ltd is a private company, limited by shares, registered in England and Wales, registration number 11610969. The registered office is 28A HATTON GARDEN, LONDON, EC1N 8DA, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Fixtures & fittings
Amounts falling due within one year
Amounts due from group undertakings etc.
1,553,749
700,886
Other debtors
14,620
101,850
YL Diamonds Ltd
Notes to the Accounts
for the year ended 31 October 2023
6
Creditors: amounts falling due within one year
2023
2022
Trade creditors
797,671
510,849
Taxes and social security
54,180
56,731
Other creditors
756,445
321,131
7
Creditors: amounts falling due after more than one year
2023
2022
8
Average number of employees
During the year the average number of employees was 3 (2022: 2).