Company registration number 15010924 (England and Wales)
YAPPILY LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JULY 2024
PAGES FOR FILING WITH REGISTRAR
YAPPILY LTD
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 3
YAPPILY LTD
BALANCE SHEET
AS AT 31 JULY 2024
31 July 2024
- 1 -
2024
Notes
£
£
Fixed assets
Intangible assets
3
3,357
Current assets
Cash at bank and in hand
1,378
Creditors: amounts falling due within one year
4
(5,881)
Net current liabilities
(4,503)
Net liabilities
(1,146)
Capital and reserves
Called up share capital
100
Profit and loss reserves
(1,246)
Total equity
(1,146)
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true
For the financial period ended 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the board of directors and authorised for issue on 12 March 2025 and are signed on its behalf by:
Miss RS Stewart
Director
Company registration number 15010924 (England and Wales)
YAPPILY LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JULY 2024
- 2 -
1
Accounting policies
Company information
Yappily Ltd is a private company limited by shares incorporated in England and Wales. The registered office is 20-22 Wenlock Road, London, England, N1 7GU.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.
1.2
Turnover
Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.
When cash inflows are deferred and represent a financing arrangement, the fair value of the consideration is the present value of the future receipts. The difference between the fair value of the consideration and the nominal amount received is recognised as interest income.
1.3
Intangible fixed assets other than goodwill
Intangible assets acquired separately from a business are recognised at cost and are subsequently measured at cost less accumulated amortisation and accumulated impairment losses.
Intangible assets acquired on business combinations are recognised separately from goodwill at the acquisition date where it is probable that the expected future economic benefits that are attributable to the asset will flow to the entity and the fair value of the asset can be measured reliably; the intangible asset arises from contractual or other legal rights; and the intangible asset is separable from the entity.
Amortisation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Website
Over five years
2
Employees
The average monthly number of persons (including directors) employed by the company during the period was:
2024
Number
Total
2
YAPPILY LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 JULY 2024
- 3 -
3
Intangible fixed assets
Website
£
Cost
At 18 July 2023
Additions
4,240
At 31 July 2024
4,240
Amortisation and impairment
At 18 July 2023
Amortisation charged for the period
883
At 31 July 2024
883
Carrying amount
At 31 July 2024
3,357
4
Creditors: amounts falling due within one year
2024
£
Other creditors
5,071
Accruals and deferred income
810
5,881