Caseware UK (AP4) 2023.0.135 2023.0.135 2024-06-302024-06-30falseNo description of principal activity2023-07-0111truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 08563772 2023-07-01 2024-06-30 08563772 2022-07-01 2023-06-30 08563772 2024-06-30 08563772 2023-06-30 08563772 c:Director1 2023-07-01 2024-06-30 08563772 d:OtherPropertyPlantEquipment 2023-07-01 2024-06-30 08563772 d:OtherPropertyPlantEquipment 2024-06-30 08563772 d:OtherPropertyPlantEquipment 2023-06-30 08563772 d:OtherPropertyPlantEquipment d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 08563772 d:CurrentFinancialInstruments 2024-06-30 08563772 d:CurrentFinancialInstruments 2023-06-30 08563772 d:CurrentFinancialInstruments d:WithinOneYear 2024-06-30 08563772 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 08563772 d:ShareCapital 2024-06-30 08563772 d:ShareCapital 2023-06-30 08563772 d:RetainedEarningsAccumulatedLosses 2024-06-30 08563772 d:RetainedEarningsAccumulatedLosses 2023-06-30 08563772 c:EntityNoLongerTradingButTradedInPast 2023-07-01 2024-06-30 08563772 c:FRS102 2023-07-01 2024-06-30 08563772 c:AuditExemptWithAccountantsReport 2023-07-01 2024-06-30 08563772 c:FullAccounts 2023-07-01 2024-06-30 08563772 c:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 08563772 d:AcceleratedTaxDepreciationDeferredTax 2024-06-30 08563772 d:AcceleratedTaxDepreciationDeferredTax 2023-06-30 08563772 d:TaxLossesCarry-forwardsDeferredTax 2024-06-30 08563772 d:TaxLossesCarry-forwardsDeferredTax 2023-06-30 08563772 2 2023-07-01 2024-06-30 08563772 e:PoundSterling 2023-07-01 2024-06-30 iso4217:GBP xbrli:pure

Registered number: 08563772










YOLSK LTD








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 JUNE 2024

 
YOLSK LTD
 
  
CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF YOLSK LTD
FOR THE YEAR ENDED 30 JUNE 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Yolsk Ltd for the year ended 30 June 2024 which comprise  the Balance sheet and the related notes from the Company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW)we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com /regulation.

This report is made solely to the director of Yolsk Ltd in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Yolsk Ltd and state those matters that we have agreed to state to the director of Yolsk Ltd in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Yolsk Ltd and its director for our work or for this report. 

It is your duty to ensure that Yolsk Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Yolsk Ltd. You consider that Yolsk Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of Yolsk Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

  



MWS
 
Chartered Accountants
  
Kingsridge House
601 London Road
Westcliff-on-sea
Essex
SS0 9PE
14 March 2025
Page 1

 
YOLSK LTD
REGISTERED NUMBER: 08563772

BALANCE SHEET
AS AT 30 JUNE 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
1,796
3,970

  
1,796
3,970

Current assets
  

Debtors
  
1
1,912

  
1
1,912

Creditors: amounts falling due within one year
 5 
(18,693)
(19,033)

Net current liabilities
  
 
 
(18,692)
 
 
(17,121)

Total assets less current liabilities
  
(16,896)
(13,151)

  

Net liabilities
  
(16,896)
(13,151)


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
(16,996)
(13,251)

  
(16,896)
(13,151)


Page 2

 
YOLSK LTD
REGISTERED NUMBER: 08563772

BALANCE SHEET (CONTINUED)
AS AT 30 JUNE 2024

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 14 March 2025.




V Kelly
Director

The notes on pages 4 to 7 form part of these financial statements.

Page 3

 
YOLSK LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1.Accounting policies

 
1.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. 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 following principal accounting policies have been applied:

 
1.2

Going concern

The company ceased to trade during the year. 

 
1.3

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the Statement of income and retained earnings in the same period as the related expenditure.

 
1.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
1.5

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


Page 4

 
YOLSK LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1.Accounting policies (continued)

 
1.6

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, as follows.

Depreciation is provided on the following basis:

Computer software
-
20% reducing balance, 10 years straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
1.7

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
1.8

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.


2.


General information

Yolsk Ltd is a private limited company incorporated in England and Wales.
The registered office is Kingsridge House, 601 London Road, Westcliff-on-sea, Essex, SS0 9PE.


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2023 - 1).

Page 5

 
YOLSK LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

4.


Tangible fixed assets





Computer software

£



Cost or valuation


At 1 July 2023
26,813



At 30 June 2024

26,813



Depreciation


At 1 July 2023
22,843


Charge for the year on owned assets
2,174



At 30 June 2024

25,017



Net book value



At 30 June 2024
1,796



At 30 June 2023
3,970


5.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
-
73

Other creditors
18,363
17,764

Accruals and deferred income
330
1,196

18,693
19,033


Page 6

 
YOLSK LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

6.


Deferred taxation




2024


£






At beginning of year
1,912


Charged to profit or loss
(1,912)



At end of year
-

The deferred tax asset is made up as follows:

2024
2023
£
£


Accelerated capital allowances
-
(754)

Tax losses carried forward
-
2,666

-
1,912


7.


Controlling party

The company is controlled by V Kelly, the director of the company.


Page 7