Registered number
11141089
YU GARDENS LTD
Filleted Accounts
31 January 2025
YU GARDENS LTD
Registered number: 11141089
Balance Sheet
as at 31 January 2025
Notes 2025 2024
£ £
Fixed assets
Intangible assets 3 26,015 28,906
Tangible assets 4 1,550 2,050
27,565 30,956
Current assets
Stocks 750 650
Cash at bank and in hand 14,460 10,235
15,210 10,885
Creditors: amounts falling due within one year 5 (10,374) (5,510)
Net current assets 4,836 5,375
Total assets less current liabilities 32,401 36,331
Creditors: amounts falling due after more than one year 6 (11,826) (11,826)
Net assets 20,575 24,505
Capital and reserves
Called up share capital 100 100
Profit and loss account 20,475 24,405
Shareholder's funds 20,575 24,505
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
MR JING LIN
Director
Approved by the board on 14 February 2025
YU GARDENS LTD
Notes to the Accounts
for the year ended 31 January 2025
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2 Employees 2025 2024
Number Number
Average number of persons employed by the company 3 3
3 Intangible fixed assets £
Goodwill:
Cost
At 1 February 2024 44,058
At 31 January 2025 44,058
Amortisation
At 1 February 2024 15,152
Provided during the year 2,891
At 31 January 2025 18,043
Net book value
At 31 January 2025 26,015
At 31 January 2024 28,906
Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.
4 Tangible fixed assets
Plant and machinery
£
Cost
At 1 February 2024 5,000
At 31 January 2025 5,000
Depreciation
At 1 February 2024 2,950
Charge for the year 500
At 31 January 2025 3,450
Net book value
At 31 January 2025 1,550
At 31 January 2024 2,050
5 Creditors: amounts falling due within one year 2025 2024
£ £
Trade creditors 2,450 -
Taxation and social security costs - 325
Other creditors 7,924 5,185
10,374 5,510
6 Creditors: amounts falling due after one year 2025 2024
£ £
Directors Loan 11,826 11,826
7 Other information
YU GARDENS LTD is a private company limited by shares and incorporated in England. Its registered office is:
145 STATION ROAD
BAMBER BRIDGE
PRESTON
PR5 6LA
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