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REGISTERED NUMBER: 10742978 (England and Wales)










Financial Statements

for the Year Ended 30 April 2024

for

Y Y & W Ltd

Y Y & W Ltd (Registered number: 10742978)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Y Y & W Ltd

Company Information
for the Year Ended 30 April 2024







DIRECTOR: Y Wu





REGISTERED OFFICE: Unit 7 Stella Gill Industrial Estate
Chester-Le Street
Co. Durham
DH2 2RG





REGISTERED NUMBER: 10742978 (England and Wales)





ACCOUNTANTS: SKS Bailey Group Limited
52-56 Coatsworth Road
Gateshead
NE8 1QN

Y Y & W Ltd (Registered number: 10742978)

Balance Sheet
30 April 2024

2024 2023
Notes £    £   
FIXED ASSETS
Intangible assets 4 4,500 6,000
Tangible assets 5 19,559 21,372
24,059 27,372

CURRENT ASSETS
Stocks 495 415
Cash at bank and in hand 5,549 7,748
6,044 8,163
CREDITORS
Amounts falling due within one year 6 (18,799 ) (8,969 )
NET CURRENT LIABILITIES (12,755 ) (806 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

11,304

26,566

CREDITORS
Amounts falling due after more than one year 7 (31 ) (31 )
NET ASSETS 11,273 26,535

CAPITAL AND RESERVES
Called up share capital 10 10
Retained earnings 11,263 26,525
11,273 26,535

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Y Y & W Ltd (Registered number: 10742978)

Balance Sheet - continued
30 April 2024


The 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.

The financial statements were approved by the director and authorised for issue on 24 January 2025 and were signed by:





Y Wu - Director


Y Y & W Ltd (Registered number: 10742978)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

Y Y & W Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

BASIS OF PREPARING THE FINANCIAL STATEMENTS
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

TURNOVER
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

GOODWILL
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

INTANGIBLE ASSETS
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 15% on reducing balance

STOCKS
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

TAXATION
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

DEFERRED TAX
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Y Y & W Ltd (Registered number: 10742978)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

2. ACCOUNTING POLICIES - continued

HIRE PURCHASE AND LEASING COMMITMENTS
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

PENSION COSTS AND OTHER POST-RETIREMENT BENEFITS
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 May 2023
and 30 April 2024 15,000
AMORTISATION
At 1 May 2023 9,000
Charge for year 1,500
At 30 April 2024 10,500
NET BOOK VALUE
At 30 April 2024 4,500
At 30 April 2023 6,000

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 May 2023 4,300 37,633 41,933
Additions - 1,624 1,624
At 30 April 2024 4,300 39,257 43,557
DEPRECIATION
At 1 May 2023 4,300 16,261 20,561
Charge for year - 3,437 3,437
At 30 April 2024 4,300 19,698 23,998
NET BOOK VALUE
At 30 April 2024 - 19,559 19,559
At 30 April 2023 - 21,372 21,372

Y Y & W Ltd (Registered number: 10742978)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 5,735 5,795
Social security and other tax 66 66
VAT 3,093 2,608
Directors' current accounts 9,905 500
18,799 8,969

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Directors' loan accounts 31 31