1 April 2023 false No description of principal activity Taxfiler 2024.6 11245926business:PrivateLimitedCompanyLtd2023-04-012024-05-31 112459262023-03-31 112459262023-04-012024-05-31 11245926business:AuditExemptWithAccountantsReport2023-04-012024-05-31 11245926business:FilletedAccounts2023-04-012024-05-31 112459262024-05-31 11245926business:Director12023-04-012024-05-31 11245926business:RegisteredOffice2023-04-012024-05-31 112459262023-03-31 11245926core:WithinOneYear2024-05-31 11245926core:WithinOneYear2023-03-31 11245926core:AfterOneYear2024-05-31 11245926core:AfterOneYear2023-03-31 11245926core:ShareCapitalcore:PreviouslyStatedAmount2024-05-31 11245926core:ShareCapitalcore:PreviouslyStatedAmount2023-03-31 11245926core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-05-31 11245926core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-03-31 11245926core:PreviouslyStatedAmount2024-05-31 11245926core:PreviouslyStatedAmount2023-03-31 11245926business:SmallEntities2023-04-012024-05-31 11245926countries:EnglandWales2023-04-012024-05-31 11245926core:MotorVehicles2023-04-012024-05-31 11245926core:FurnitureFittings2023-04-012024-05-31 11245926core:MotorVehicles2023-03-31 11245926core:FurnitureFittings2023-03-31 11245926core:MotorVehicles2024-05-31 11245926core:FurnitureFittings2024-05-31 112459262022-04-012023-03-31 iso4217:GBP xbrli:pure
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
Page
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YB1 Construction Limited Company Information for the period from 1 April 2023 to 31 May 2024
Director
Ylber Baja
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
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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
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YB1 Construction Limited Statement of financial position as at 31 May 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
105,200 
128,690 
Current assets
Debtors
42,066 
103,099 
Cash at bank and in hand
1,022,929 
744,410 
1,064,995 
847,509 
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 
Capital and reserves
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
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YB1 Construction Limited Notes to the Accounts for the period from 1 April 2023 to 31 May 2024
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Financial instruments
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 
Depreciation
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 
Net book value
At 31 May 2024
56,903 
48,297 
105,200 
At 31 March 2023
67,456 
61,234 
128,690 
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YB1 Construction Limited Notes to the Accounts for the period from 1 April 2023 to 31 May 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
40,336 
94,871 
Trade debtors
- 
6,500 
Other debtors
1,730 
1,728 
42,066 
103,099 
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)
Accruals
11,820 
1,990 
150,664 
139,789 
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.
9
Loans to directors
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).
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