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REGISTERED NUMBER: 06915344 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 May 2024

for

Yoomi Ltd

Yoomi Ltd (Registered number: 06915344)

Contents of the Financial Statements
for the Year Ended 31 May 2024










Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Yoomi Ltd

Company Information
for the Year Ended 31 May 2024







DIRECTORS: S P Bradley
Ms G Li





REGISTERED OFFICE: Unit 1 Nathan Way Business Park
82 Nathan Way
Greenwich
London
SE28 0FS





REGISTERED NUMBER: 06915344 (England and Wales)





ACCOUNTANTS: Pawley & Malyon
Salisbury House
London
EC2M 5SQ

Yoomi Ltd (Registered number: 06915344)

Abridged Balance Sheet
31 May 2024

31/5/24 31/5/23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 283,022 381,714
Tangible assets 5 1,912 8,036
284,934 389,750

CURRENT ASSETS
Stocks 75,346 90,303
Debtors 95,624 75,302
Prepayments and accrued income 4,670 4,027
Cash at bank 1,214 17,469
176,854 187,101
CREDITORS
Amounts falling due within one year 249,091 231,787
NET CURRENT LIABILITIES (72,237 ) (44,686 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

212,697

345,064

CREDITORS
Amounts falling due after more than
one year

611,360

470,806
NET LIABILITIES (398,663 ) (125,742 )

Yoomi Ltd (Registered number: 06915344)

Abridged Balance Sheet - continued
31 May 2024

31/5/24 31/5/23
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 66 66
Non distributable reserves 575,987 575,987
Retained earnings (974,716 ) (701,795 )
(398,663 ) (125,742 )

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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 May 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 27 February 2025 and were signed on its behalf by:





S P Bradley - Director


Yoomi Ltd (Registered number: 06915344)

Notes to the Financial Statements
for the Year Ended 31 May 2024


1. Statutory information

Yoomi Ltd 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 (£).


2. Accounting policies

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

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, they are carried at revalued amount (based on fair value) less any subsequent amortisation and impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 4 years straight line basis

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.


Yoomi Ltd (Registered number: 06915344)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024


2. Accounting policies - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. Employees and directors

The average number of employees during the year was 3 (2023 - 3 ) .

4. Intangible fixed assets
Totals
£   
Cost or valuation
At 1 June 2023
and 31 May 2024 690,851
Amortisation
At 1 June 2023 309,137
Amortisation for year 98,692
At 31 May 2024 407,829
Net book value

At 31 May 2024 283,022
At 31 May 2023 381,714

Yoomi Ltd (Registered number: 06915344)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024


Intangible fixed assets - continued

Cost or valuation at 31 May 2024 is represented by:

Totals
£   
Valuation in 2020 683,569
Valuation in 2021 7,282
690,851

5. Tangible fixed assets
Totals
£   
Cost or valuation
At 1 June 2023 29,278
Additions 671
At 31 May 2024 29,949
Depreciation
At 1 June 2023 21,242
Charge for year 6,795
At 31 May 2024 28,037
Net book value
At 31 May 2024 1,912
At 31 May 2023 8,036

Cost or valuation at 31 May 2024 is represented by:

Totals
£   
Valuation in 2020 1
Cost 29,948
29,949

6. Related party disclosures

The director of the parent company has loaned Yoomi Limited £151,846 (2023: £148,841) during the year. Interest is charged at market rate and the loan is to be repaid over 5 years.

The parent company is owed £188,113 (2023: £93,994) by Yoomi Limited. Interest is charged at market rate and the loan is to be repaid over 5 years.