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Company Registration No. 12547977 (England and Wales)
YOUR FAVOURITES LTD Unaudited accounts for the year ended 30 April 2024
YOUR FAVOURITES LTD Unaudited accounts Contents
Page
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YOUR FAVOURITES LTD Company Information for the year ended 30 April 2024
Director
Mahalakshmi SUBRAMANI
Company Number
12547977 (England and Wales)
Registered Office
25 WINDRUSH WAY NORTHAMPTON NN5 7NA ENGLAND
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Chartered Certified Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of YOUR FAVOURITES LTD for the year ended 30 April 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of YOUR FAVOURITES LTD for the year ended 30 April 2024 as set out on pages 5 - 7 from the Company's accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal.com/uk/en/about-us/regulation/rulebook.html
This report is made solely to the Board of Directors of YOUR FAVOURITES LTD, as a body, in accordance with the terms of our engagement letter dated 1 January 2020. Our work has been undertaken solely to prepare for your approval the accounts of YOUR FAVOURITES LTD and state those matters that we have agreed to state to the Board of Directors of YOUR FAVOURITES LTD, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than YOUR FAVOURITES LTD and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that YOUR FAVOURITES LTD has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of YOUR FAVOURITES LTD. You consider that YOUR FAVOURITES LTD is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of YOUR FAVOURITES LTD. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Chartered Certified Accountants 10 September 2024
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YOUR FAVOURITES LTD Statement of financial position as at 30 April 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
21,120 
21,120 
Tangible assets
7,530 
7,530 
28,650 
28,650 
Current assets
Cash at bank and in hand
4,601 
9,666 
Creditors: amounts falling due within one year
803 
(1,705)
Net current assets
5,404 
7,961 
Total assets less current liabilities
34,054 
36,611 
Creditors: amounts falling due after more than one year
(13,100)
(21,000)
Net assets
20,954 
15,611 
Capital and reserves
Profit and loss account
20,954 
15,611 
Shareholders' funds
20,954 
15,611 
For the year ending 30 April 2024 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 10 September 2024 and were signed on its behalf by
Mahalakshmi SUBRAMANI Director Company Registration No. 12547977
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YOUR FAVOURITES LTD Notes to the Accounts for the year ended 30 April 2024
1
Statutory information
YOUR FAVOURITES LTD is a private company, limited by shares, registered in England and Wales, registration number 12547977. The registered office is 25 WINDRUSH WAY, NORTHAMPTON, NN5 7NA, 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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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:
Land & buildings
All the assets are depreciation for 10%
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 May 2023
21,120 
At 30 April 2024
21,120 
Amortisation
At 1 May 2023
- 
At 30 April 2024
- 
Net book value
At 30 April 2024
21,120 
At 30 April 2023
21,120 
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YOUR FAVOURITES LTD Notes to the Accounts for the year ended 30 April 2024
5
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 May 2023
7,530 
At 30 April 2024
7,530 
Depreciation
At 30 April 2024
- 
Net book value
At 30 April 2024
7,530 
At 30 April 2023
7,530 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Taxes and social security
(1,253)
1,305 
Accruals
450 
400 
(803)
1,705 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Loans from directors
13,100 
21,000 
8
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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