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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
Page
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Yg Group Ltd Company Information for the year ended 31 December 2023
Director
David Allan Izzard
Company Number
13791590 (England and Wales)
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Yg Group Ltd Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
6,222 
1,548 
Current assets
Inventories
- 
225,000 
Debtors
870,567 
723,540 
Investments
- 
60,546 
Cash at bank and in hand
54,686 
52,906 
925,253 
1,061,992 
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
Deferred tax
(294)
(294)
Net assets
245,024 
190,047 
Capital and reserves
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
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Yg Group Ltd Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
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.
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 year, 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.
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 
Depreciation
At 1 January 2023
58 
416 
474 
Charge for the year
575 
902 
1,477 
At 31 December 2023
633 
1,318 
1,951 
Net book value
At 31 December 2023
3,585 
2,637 
6,222 
At 31 December 2022
465 
1,083 
1,548 
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Yg Group Ltd Notes to the Accounts for the year ended 31 December 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
870,567 
635,527 
Accrued income and prepayments
- 
7,500 
Other debtors
- 
80,513 
870,567 
723,540 
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 
VAT
60,331 
204,620 
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 
Accruals
- 
13,100 
666,880 
848,385 
8
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
19,277 
24,814 
9
Average number of employees
During the year the average number of employees was 0 (2022: 0).
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