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REGISTERED NUMBER: 10183217 (England and Wales)














YYJS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2024






YYJS LIMITED (REGISTERED NUMBER: 10183217)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 May 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


YYJS LIMITED

COMPANY INFORMATION
for the Year Ended 31 May 2024







DIRECTORS: Mrs S R Cousins
J R Cousins





REGISTERED OFFICE: Ansells End Farm
Ansells End
Kimpton
Hitchin
Hertfordshire
SG4 8HD





REGISTERED NUMBER: 10183217 (England and Wales)





ACCOUNTANTS: Miller & Co
Chartered Accountants
5 Imperial Court
Laporte Way
Luton
Bedfordshire
LU4 8FE

YYJS LIMITED (REGISTERED NUMBER: 10183217)

STATEMENT OF FINANCIAL POSITION
31 May 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 204 273
Investment property 6 275,500 262,500
275,704 262,773

CURRENT ASSETS
Stocks 20,000 20,000
Debtors 7 304,705 298,571
Cash at bank 3,633 2,416
328,338 320,987
CREDITORS
Amounts falling due within one year 8 537,485 538,740
NET CURRENT LIABILITIES (209,147 ) (217,753 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

66,557

45,020

PROVISIONS FOR LIABILITIES 12,454 7,017
NET ASSETS 54,103 38,003

CAPITAL AND RESERVES
Called up, paid and allotted share capital 100 100
Non-distributable reserve 9 48,408 40,858
Retained earnings 9 5,595 (2,955 )
SHAREHOLDERS' FUNDS 54,103 38,003

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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.

YYJS LIMITED (REGISTERED NUMBER: 10183217)

STATEMENT OF FINANCIAL POSITION - continued
31 May 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 Board of Directors and authorised for issue on 18 February 2025 and were signed on its behalf by:





Mrs S R Cousins - Director


YYJS LIMITED (REGISTERED NUMBER: 10183217)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 May 2024

1. STATUTORY INFORMATION

YYJS 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.

The presentation currency of the financial statements is the Pound Sterling, rounded to the nearest pound.

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

The financial statements have been prepared on a going concern basis, which is considered appropriate by the directors as the company operates within its agreed banking facilities and with the support of the directors.

Income recognition
Income is recognised when goods/services have been delivered to customers such that risks and rewards of ownership have transferred to them.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements. 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.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date that are expected to apply to the reversal of timing differences. Deferred tax on revalued non-depreciable tangible fixed assets and investment properties is measured using the rates and allowances that apply to the sale of the asset.

YYJS LIMITED (REGISTERED NUMBER: 10183217)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 May 2024

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

5. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 June 2023
and 31 May 2024 2,050
DEPRECIATION
At 1 June 2023 1,777
Charge for year 69
At 31 May 2024 1,846
NET BOOK VALUE
At 31 May 2024 204
At 31 May 2023 273

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 June 2023 262,500
Revaluations 13,000
At 31 May 2024 275,500
NET BOOK VALUE
At 31 May 2024 275,500
At 31 May 2023 262,500

Investment properties were valued on an open market basis on 31 May 2024 by the directors.

If investment properties had not been revalued they would have been included at historical cost totalling £214,677.

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 304,705 298,571

YYJS LIMITED (REGISTERED NUMBER: 10183217)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 May 2024

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 2,018 3,180
Other creditors 535,467 535,560
537,485 538,740

9. RESERVES
Retained Non-distributable
earnings reserve Totals
£    £    £   

At 1 June 2023 (2,955 ) 40,858 37,903
Profit for the year 16,100 16,100
Transfers between reserves (7,550 ) 7,550 -
At 31 May 2024 5,595 48,408 54,003

10. RELATED PARTY DISCLOSURES

The directors operate a loan account with the company. During the year, loans in aggregate of £1,312 were provided to the company by the directors . At the year end, the directors were owed £532,728.