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REGISTERED NUMBER: 05094863 (England and Wales)



















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024

FOR

YEUNG & CO LIMITED

YEUNG & CO LIMITED (REGISTERED NUMBER: 05094863)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


YEUNG & CO LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







Directors: T L Law
K W Yeung
K M Yeung
K W Yeung





Secretary: T L Law





Registered office: Lawley House
Butt Road
COLCHESTER
Essex
CO3 3DG





Registered number: 05094863 (England and Wales)





Accountants: Baverstocks Limited
Chartered Certified Accountants
Dickens House
Guithavon Street
Witham
Essex
CM8 1BJ

YEUNG & CO LIMITED (REGISTERED NUMBER: 05094863)

ABRIDGED BALANCE SHEET
30 APRIL 2024

2024 2023
Notes £    £    £    £   
Fixed assets
Intangible assets 4 - -
Tangible assets 5 101,724 79,904
101,724 79,904

Current assets
Stocks 16,564 20,817
Debtors 37,659 41,263
Cash at bank and in hand 557,045 572,491
611,268 634,571
Creditors
Amounts falling due within one year 131,356 123,877
Net current assets 479,912 510,694
Total assets less current liabilities 581,636 590,598

Provisions for liabilities 17,698 9,142
Net assets 563,938 581,456

Capital and reserves
Called up share capital 3 3
Retained earnings 563,935 581,453
Shareholders' funds 563,938 581,456

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 directors acknowledge their 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.

YEUNG & CO LIMITED (REGISTERED NUMBER: 05094863)

ABRIDGED 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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 30 April 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 January 2025 and were signed on its behalf by:




K W Yeung - Director



T L Law - Director


YEUNG & CO LIMITED (REGISTERED NUMBER: 05094863)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1. Statutory information

Yeung & Co Limited 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 2005, and is being amortised evenly over its estimated useful life of twenty years.A further business was acquired in 2008 and is being amortised evenly over its estimated useful life of ten 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.
Improvements to Property - 10% on reducing balance
Equipment - 25% on cost
Fixtures and Fittings - 15% on reducing balance
Motor Vehicles - 25% 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.


YEUNG & CO LIMITED (REGISTERED NUMBER: 05094863)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

2. Accounting policies - continued
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.

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 19 (2023 - 28 ) .

4. Intangible fixed assets
Totals
£   
Cost
At 1 May 2023
and 30 April 2024 532,000
Amortisation
At 1 May 2023
and 30 April 2024 532,000
Net book value

At 30 April 2024 -
At 30 April 2023 -

YEUNG & CO LIMITED (REGISTERED NUMBER: 05094863)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

5. Tangible fixed assets
Totals
£   
Cost
At 1 May 2023 423,572
Additions 39,259
At 30 April 2024 462,831
Depreciation
At 1 May 2023 343,668
Charge for year 17,439
At 30 April 2024 361,107
Net book value
At 30 April 2024 101,724
At 30 April 2023 79,904