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Registration number: 12707460

Yewmaker Ltd

Annual Report and Unaudited Abridged Financial Statements

for the Year Ended 30 June 2024

image-name
 

Yewmaker Ltd

Contents

Company Information

1

Accountants' Report

2

Abridged Balance Sheet

3 to 4

Notes to the Unaudited Abridged Financial Statements

5 to 9

 

Yewmaker Ltd

Company Information

Director

Dr Sabera Nazneen Rahman

Registered office

Unit 3, Upp Hall Farm
Salmons Lane
Colchester
Essex
CO6 1RY

Accountants

Integer
Unit 3, Upp Hall Farm
Salmons Lane
Colchester
Essex
CO6 1RY

 

Chartered Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Yewmaker Ltd
for the Year Ended 30 June 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Yewmaker Ltd for the year ended 30 June 2024 as set out on pages 3 to 9 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at
http://www.icaew.com/regulation.

This report is made solely to the Board of Directors of Yewmaker Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Yewmaker Ltd and state those matters that we have agreed to state to the Board of Directors of Yewmaker Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Yewmaker Ltd and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Yewmaker 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 Yewmaker Ltd. You consider that Yewmaker 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 Yewmaker 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.

......................................

Integer
Unit 3, Upp Hall Farm
Salmons Lane
Colchester
Essex
CO6 1RY

21 November 2024

 

Yewmaker Ltd

(Registration number: 12707460)
Abridged Balance Sheet as at 30 June 2024

Note

2024
£

2023
£

Fixed assets

 

Intangible assets

4

8,598

1,689

Tangible assets

5

1,741

2,703

Investments

6

1,000

1,000

 

11,339

5,392

Current assets

 

Debtors

9,362

2,188

Cash at bank and in hand

 

376,796

589,151

 

386,158

591,339

Prepayments and accrued income

 

151,751

-

Creditors: Amounts falling due within one year

(95,714)

(60,387)

Net current assets

 

442,195

530,952

Total assets less current liabilities

 

453,534

536,344

Accruals and deferred income

 

(4,250)

(358,546)

Net assets

 

449,284

177,798

Capital and reserves

 

Called up share capital

7

120

121

Retained earnings

449,164

177,677

Shareholders' funds

 

449,284

177,798

For the financial year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

All of the company’s members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

Approved and authorised by the director on 21 November 2024
 

 

Yewmaker Ltd

(Registration number: 12707460)
Abridged Balance Sheet as at 30 June 2024

.........................................
Dr Sabera Nazneen Rahman
Director

 

Yewmaker Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 June 2024

1

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These abridged financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

 

Yewmaker Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 June 2024

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

2

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 3 (2023 - 1).

3

Profit before tax

Arrived at after charging/(crediting)

2024
£

2023
£

Depreciation expense

963

526

Amortisation expense

1,816

121

 

Yewmaker Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 June 2024

4

Intangible assets

Total
£

Cost or valuation

At 1 July 2023

1,810

Additions acquired separately

8,725

At 30 June 2024

10,535

Amortisation

At 1 July 2023

121

Amortisation charge

1,816

At 30 June 2024

1,937

Carrying amount

At 30 June 2024

8,598

At 30 June 2023

1,689

5

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 July 2023

3,230

3,230

At 30 June 2024

3,230

3,230

Depreciation

At 1 July 2023

527

527

Charge for the year

962

962

At 30 June 2024

1,489

1,489

Carrying amount

At 30 June 2024

1,741

1,741

At 30 June 2023

2,703

2,703

 

Yewmaker Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 June 2024

6

Investments

Total
£

Cost or valuation

At 1 July 2023

1,000

Provision

Carrying amount

At 30 June 2024

1,000

At 30 June 2023

1,000

Details of undertakings

Details of the investments (including principal place of business of unincorporated entities) in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

Undertaking

Registered office

Holding

Proportion of voting rights and shares held

2024

2023

Subsidiary undertakings

Yewmaker Medicines Ltd

Unit 3 Upp Hall Farm, Salmons Lane, Colchester, CO6 1RY

England

1000 Ordinary shares of £1 each

100%

100%

Subsidiary undertakings

Yewmaker Medicines Ltd

The principal activity of Yewmaker Medicines Ltd is testing and analysis.

7

Share capital

Allotted, called up and fully paid shares

 

2024

2023

 

No.

£

No.

£

Ordinary shares of £0.0001 each

1,171,100

117.11

1,171,100

117.11

Participating shares of £0.0001 each

32,587

3.26

39,600

3.96

 

1,203,687

120

1,210,700

121

 

Yewmaker Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 June 2024

8

Related party transactions

Transactions with the director

2024

At 1 July 2023
£

Repayments by director
£

At 30 June 2024
£

Dr Sabera Nazneen Rahman

Directors loan

(2,330)

(1,299)

(3,629)

2023

At 1 July 2022
£

Advances to director
£

Repayments by director
£

At 30 June 2023
£

Dr Sabera Nazneen Rahman

Directors loan

(51,892)

51,221

(1,659)

(2,330)

Director's remuneration

The director's remuneration for the year was as follows:

2024
£

2023
£

Remuneration

(25,900)

259,500

Loans from related parties

2024

Subsidiary
£

Total
£

At start of period

(2,055)

(2,055)

Advanced

3,291

3,291

Repaid

(10,598)

(10,598)

At end of period

(9,362)

(9,362)

2023

Subsidiary
£

Total
£

At start of period

1,000

1,000

Repaid

(3,055)

(3,055)

At end of period

(2,055)

(2,055)