REGISTERED NUMBER: |
Unaudited Financial Statements for the Year Ended 30 December 2023 |
for |
Yes You Can Ltd |
REGISTERED NUMBER: |
Unaudited Financial Statements for the Year Ended 30 December 2023 |
for |
Yes You Can Ltd |
Yes You Can Ltd (by shares) (Registered number: 11506355) |
Contents of the Financial Statements |
for the Year Ended 30 December 2023 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Chartered Accountants' Report | 4 |
Yes You Can Ltd (by shares) |
Company Information |
for the Year Ended 30 December 2023 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: | WR Accountants |
Bank Chambers |
31 The Square |
Cumnock |
Ayrshire |
KA18 1AT |
Yes You Can Ltd (by shares) (Registered number: 11506355) |
Balance Sheet |
30 December 2023 |
30.12.23 | 30.12.22 |
as restated |
£ | £ | £ | £ |
FIXED ASSETS |
CURRENT ASSETS |
CREDITORS |
Amounts falling due within one year | ( |
) | ( |
) |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
NET ASSETS |
CAPITAL AND RESERVES |
NOTES TO THE FINANCIAL STATEMENTS |
1. | PRIOR YEAR ADJUSTMENT |
Yes You Can Ltd rents electronic and domestic equipment to retail customers, and has always prudently provided in full against bad debt arising on loan agreements in arrears. |
Legal advice received in 2024 and successful recovery action based on that advice thereafter has the altered the directors' understanding of the quantum of debtor balances recoverable. |
A further review of debtor balances outstanding at 30 December 2022 on a basis consistent with that legal advice establishes that debtors were understated at that date in the previous year accounts by £450,518. |
A prior year adjustment has accordingly been incorporated into these accounts as follows: |
Comparative amounts | 30/12/2022 |
Re Stated | £ |
Debtor balances written off as bad at 30 December 2021 reinstated | 193,792 |
Debtor balances at 30 December 2021 written off in 2022 | 250,732 |
Trade debtors | 444,524 |
Debtor balances arising in year to 30 December 2022 reinstated | Sales and trade Debtors | 5,994 |
Prior Year Adjustment | Trade debtors | 450,518 |
2. | AVERAGE NUMBER OF EMPLOYEES |
The average number of employees during the year was |
Yes You Can Ltd (by shares) (Registered number: 11506355) |
Balance Sheet - continued |
30 December 2023 |
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. |
The financial statements were approved by the Board of Directors and authorised for issue on |
Chartered Accountants' Report to the Board of Directors |
on the Unaudited Financial Statements of |
Yes You Can Ltd (by shares) |
The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement is not required to be filed with the Registrar of Companies. |
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Yes You Can Ltd for the year ended 30 December 2023 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us. |
As a practising member firm of ICAS, we are subject to its ethical and other professional requirements which are detailed at http://www.icas.com/accountspreparationguidance. |
This report is made solely to the Board of Directors of Yes You Can Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Yes You Can Ltd and state those matters that we have agreed to state to the Board of Directors of Yes You Can Ltd, as a body, in this report in accordance with the requirements of ICAS as detailed at http://www.icas.com/accountspreparationguidance. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report. |
It is your duty to ensure that Yes You Can Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Yes You Can Ltd. You consider that Yes You Can 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 financial statements of Yes You Can 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 financial statements. |
WR Accountants |
Bank Chambers |
31 The Square |
Cumnock |
Ayrshire |
KA18 1AT |