Company Registration No. 13791590 (England and Wales)
Yg Group Ltd
Unaudited accounts
for the year ended 31 December 2023
Yg Group Ltd
Unaudited accounts
Contents
Yg Group Ltd
Company Information
for the year ended 31 December 2023
Director
David Allan Izzard
Company Number
13791590 (England and Wales)
Yg Group Ltd
Statement of financial position
as at 31 December 2023
Tangible assets
6,222
1,548
Cash at bank and in hand
54,686
52,906
Creditors: amounts falling due within one year
(666,880)
(848,385)
Net current assets
258,373
213,607
Total assets less current liabilities
264,595
215,155
Creditors: amounts falling due after more than one year
(19,277)
(24,814)
Provisions for liabilities
Net assets
245,024
190,047
Called up share capital
100
100
Profit and loss account
244,924
189,947
Shareholders' funds
245,024
190,047
For the year ending 31 December 2023 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 18 March 2025 and were signed on its behalf by
David Allan Izzard
Director
Company Registration No. 13791590
Yg Group Ltd
Notes to the Accounts
for the year ended 31 December 2023
Yg Group Ltd is a private company, limited by shares, registered in England and Wales, registration number 13791590.
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 year, 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.
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:
Fixtures & fittings
15% reducing balance
Computer equipment
33.33% on cost
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 January 2023
523
1,499
2,022
Additions
3,695
2,456
6,151
At 31 December 2023
4,218
3,955
8,173
At 1 January 2023
58
416
474
Charge for the year
575
902
1,477
At 31 December 2023
633
1,318
1,951
At 31 December 2023
3,585
2,637
6,222
At 31 December 2022
465
1,083
1,548
Yg Group Ltd
Notes to the Accounts
for the year ended 31 December 2023
Amounts falling due within one year
Trade debtors
870,567
635,527
Accrued income and prepayments
-
7,500
6
Investments held as current assets
2023
2022
Unlisted investments
-
60,546
7
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
9,417
11,083
Trade creditors
536,188
449,035
Taxes and social security
18,964
135,516
Other creditors
41,980
3,163
Loans from directors
-
31,868
8
Creditors: amounts falling due after more than one year
2023
2022
9
Average number of employees
During the year the average number of employees was 0 (2022: 0).