Company Registration No. 11245926 (England and Wales)
YB1 Construction Limited
Unaudited accounts
for the period from 1 April 2023 to 31 May 2024
YB1 Construction Limited
Unaudited accounts
Contents
YB1 Construction Limited
Company Information
for the period from 1 April 2023 to 31 May 2024
Company Number
11245926 (England and Wales)
Registered Office
15 Hubbards Chase
Hornchurch
England
RM11 3DD
Accountants
Agents For Accounting Ltd
Apex House, 2nd Floor
Grand Arcade
London
N12 0EH
YB1 Construction Limited
Accountants' report
Accountants' report to the director of YB1 Construction Limited (the company)
These financial statements have been prepared in accordance with our terms of engagement and in order to assist you to fulfil your duties under the Companies Acts that relate to preparing the financial statements of the company for the period from 1 April 2023 to 31 May 2024.
We have prepared these financial statements based on the accounting records, information and explanations provided by you. We do not express any opinion on the financial statements.
On the balance sheet you have acknowledged your duties under the prevailing Companies Acts to ensure that the company keeps adequate accounting records and prepares financial statements that give "a true and fair view".
You have determined that the company is exempt from the statutory requirement for an audit for the period from 1 April 2023 to 31 May 2024. Therefore, the financial statements are unaudited.
The financial statements are provided exclusively to the director for the limited purpose mentioned above, and may not be used or relied upon for any other purpose or by any other person, and we shall not be liable for any other usage or reliance.
Agents For Accounting Ltd
Apex House, 2nd Floor
Grand Arcade
London
N12 0EH
24 February 2025
YB1 Construction Limited
Statement of financial position
as at 31 May 2024
Tangible assets
105,200
128,690
Cash at bank and in hand
1,022,929
744,410
Creditors: amounts falling due within one year
(150,664)
(139,789)
Net current assets
914,331
707,720
Total assets less current liabilities
1,019,531
836,410
Creditors: amounts falling due after more than one year
(1,462)
(17,379)
Provisions for liabilities
Deferred tax
(19,988)
(24,451)
Net assets
998,081
794,580
Called up share capital
100
100
Profit and loss account
997,981
794,480
Shareholders' funds
998,081
794,580
For the period ending 31 May 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 24 February 2025 and were signed on its behalf by
Ylber Baja
Director
Company Registration No. 11245926
YB1 Construction Limited
Notes to the Accounts
for the period from 1 April 2023 to 31 May 2024
YB1 Construction Limited is a private company, limited by shares, registered in England and Wales, registration number 11245926. The registered office is 15 Hubbards Chase, Hornchurch, England, RM11 3DD.
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.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous period, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
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:
Motor vehicles
Straight Line Method - 20%
Fixtures & fittings
Straight Line Method - 25%
4
Tangible fixed assets
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 April 2023
102,312
89,229
191,541
Additions
13,320
9,598
22,918
At 31 May 2024
115,632
98,827
214,459
At 1 April 2023
34,856
27,995
62,851
Charge for the period
23,873
22,535
46,408
At 31 May 2024
58,729
50,530
109,259
At 31 May 2024
56,903
48,297
105,200
At 31 March 2023
67,456
61,234
128,690
YB1 Construction Limited
Notes to the Accounts
for the period from 1 April 2023 to 31 May 2024
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
11,113
23,547
Obligations under finance leases and hire purchase contracts
6,791
11,195
Trade creditors
101,643
57,349
Taxes and social security
130,794
109,932
Other creditors
1,140
1,201
Loans from directors
(112,637)
(65,425)
7
Creditors: amounts falling due after more than one year
2024
2023
Obligations under finance leases and hire purchase contracts
1,462
17,379
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.
Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised in finance costs in profit or loss in the period it arises.
Included in other debtors is a balance of £112,637 owed by the director of the company. Advances and credits totalled £9,637 and repayments of £103,000 was repaid to the company within 9 months after the year end. This balance is unsecured and interest free, with no fixed repayment terms.
10
Average number of employees
During the period the average number of employees was 4 (2023: 6).