Yellow Matter Never Limited
Unaudited Financial Statements
For the year ended 30 June 2024
Pages for Filing with Registrar
Company Registration No. 04228029 (England and Wales)
Yellow Matter Never Limited
Company Information
Director
T Carty
Company number
04228029
Registered office
Charlotte Building
17 Gresse Street
London
United Kingdom
W1T 1QL
Accountants
Moore Kingston Smith LLP
Charlotte Building
17 Gresse Street
London
W1T 1QL
Business address
Besta Beach House
4 The Drive
Angmering-on-Sea
East Preston
West Sussex
United Kingdom
BN16 1QH
Bankers
Weatherbys
Sanders Road
Wellingborough
Northamptonshire
NN8 4BX
Yellow Matter Never Limited
Contents
Page
Balance sheet
1
Notes to the financial statements
2 - 4
Yellow Matter Never Limited
Balance Sheet
As at 30 June 2024
Page 1
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
387
939
Current assets
Debtors
4
1,778
1,448
Cash at bank and in hand
480
820
2,258
2,268
Creditors: amounts falling due within one year
5
(191,139)
(182,723)
Net current liabilities
(188,881)
(180,455)
Net liabilities
(188,494)
(179,516)
Capital and reserves
Called up share capital
6
1,000
1,000
Profit and loss reserves
(189,494)
(180,516)
Total equity
(188,494)
(179,516)
The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true
For the financial year ended 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The member has not required the company to obtain an audit of its financial statements for the year 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 and signed by the director and authorised for issue on 27 March 2025
T Carty
Director
Company Registration No. 04228029
Yellow Matter Never Limited
Notes to the Financial Statements
For the year ended 30 June 2024
Page 2
1
Accounting policies
Company information
Yellow Matter Never Limited is a private company limited by shares incorporated in England and Wales. The registered office is Charlotte Building, 17 Gresse Street, London, United Kingdom, W1T 1QL.
1.1
Accounting convention
These financial statements have been prepared in accordance with Section 1A for 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 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. The principal accounting policies adopted are set out below.
1.2
Going concern
These financial statements are prepared on the going concern basis. The director has a reasonable expectation that the company will continue in operational existence for the foreseeable future and believes that the company will have sufficient funds to settle all of its liabilities as they fall due for at least 12 months from signing the accounts.
1.3
Turnover
Turnover is recognised at the fair value of the consideration received or receivable for 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.
Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that it is probable will be recovered.
1.4
Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation 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:
Fixtures, fittings & equipment
25% straight line basis
Computer equipment
33% straight line basis
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.
1.5
Cash at bank and in hand
Cash at bank and in hand are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less.
Yellow Matter Never Limited
Notes to the Financial Statements (Continued)
For the year ended 30 June 2024
1
Accounting policies
(Continued)
Page 3
1.6
Financial instruments
The company only has basic financial instruments measured at amortised cost, with no financial instruments classified as other or basic instruments measured at fair value.
Changes in the fair value of derivatives that are designated and qualify as fair value hedges are recognised in profit or loss immediately, together with any changes in the fair value of the hedged asset or liability that are attributable to the hedged risk.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2024
2023
Number
Number
Total
1
1
3
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 July 2023 and 30 June 2024
1,986
Depreciation and impairment
At 1 July 2023
1,047
Depreciation charged in the year
552
At 30 June 2024
1,599
Carrying amount
At 30 June 2024
387
At 30 June 2023
939
4
Debtors
2024
2023
Amounts falling due within one year:
£
£
Other debtors
1,232
1,035
Prepayments and accrued income
546
413
1,778
1,448
Yellow Matter Never Limited
Notes to the Financial Statements (Continued)
For the year ended 30 June 2024
4
Debtors
(Continued)
Page 4
5
Creditors: amounts falling due within one year
2024
2023
£
£
Other creditors
191,139
182,723
6
Called up share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
1,000
1,000
1,000
1,000
7
Related party transactions
At the year end, the company owed its director £191,139 (2023: £182,723).
8
Controlling party
The ultimate controlling party is T Carty by virtue of his 100% shareholding and being the sole director of the company.