Yong & London Ltd

Registered Number: 06638210 Yong & London Ltd
Statement of Financial Position
As at 31 August 2024

	Notes	2024 £	2023 £
Fixed assets
Tangible fixed assets	3	364	839
Investments	4	30	30
		394	869
Current assets
Debtors: amounts falling due within one year	5	56,137	92,103
Cash at bank and in hand		174,642	70,152
		230,779	162,255
Creditors: amount falling due within one year	6	(56,161)	(41,945)
Net current assets		174,618	120,310

Total assets less current liabilities		175,012	121,179
Creditors: amount falling due after more than one year	7	(23,088)	(27,672)
Net assets		151,924	93,507

Capital and reserves
Called up share capital	8	10	10
Profit and loss account		151,914	93,497
Shareholders' funds		151,924	93,507

For the year ended 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered to the Registrar of Companies.

The financial statements were approved by the director on 02 April 2025 and were signed by:

-------------------------------
S C Yong
Director

Yong & London Ltd
Notes to the Financial Statements
For the year ended 31 August 2024

General Information

Yong & London Ltd is a private company, limited by shares, registered in England and Wales, registration number 06638210, registration address 9 The Oxgen, 17 Seagull Lane, London, E16 1BH.

The presentation currency is £ sterling.

Accounting policies

Significant accounting policies

Statement of compliance
These financial statements have been prepared in compliance with FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

Basis of preparation
The financial statements have been prepared on the going concern basis and under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.

The financial statements are prepared in sterling which is the functional currency of the company.

Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Tangible fixed assets

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Computer Equipment

25% Straight Line

Fixed asset investments

Fixed asset investments are stated at cost less provision for any permanent diminution in value. The company owned 30% interest in Donut Media Limited ("DML"), a company incorporated in England & Wales, with the same registered address of the company. DML currently has no trading activity.

Stocks

Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. The cost of work in progress includes cost includes all direct costs and an appropriate proportion of fixed and variable overheads based on the normal level of activity. Net realisable value is based on estimated selling price less additional costs to completion and disposal.

2.	Average number of employees Average number of employees during the year was 2 (2023 : 2).

Tangible fixed assets

Cost or valuation	Computer Equipment	Total
	£	£
At 01 September 2023	5,623	5,623
Additions	-	-
Disposals	-	-
At 31 August 2024	5,623	5,623
Depreciation
At 01 September 2023	4,784	4,784
Charge for year	475	475
On disposals	-	-
At 31 August 2024	5,259	5,259
Net book values
Closing balance as at 31 August 2024	364	364
Opening balance as at 01 September 2023	839	839

Investments

Cost	Other investments other than loans	Total
	£	£
At 01 September 2023	-	-
Additions	30	30
Transfer to/from tangible fixed assets	-	-
Disposals	-	-
At 31 August 2024	30	30

Debtors: amounts falling due within one year

	2024 £	2023 £
Trade Debtors	11,861	10,284
Other Debtors	2,300	2,300
Directors' Current Accounts	41,976	79,519
	56,137	92,103

Creditors: amount falling due within one year

	2024 £	2023 £
Bank Loans & Overdrafts	5,228	5,229
Corporation Tax	39,669	9,447
PAYE & Social Security	3,141	2,610
Accrued Expenses	6,100	1,100
Other Creditors	2,023	195
Derivative liabilities	-	23,364
	56,161	41,945

Creditors: amount falling due after more than one year

	2024 £		2023 £
Bank Loans & Overdrafts	23,088		27,672
	23,088		27,672

Share Capital

Allotted, called up and fully paid	2024 £		2023 £
10 Ordinary shares of £1.00 each	10		10
	10		10

9.	Transaction with director At the balance sheet date, the amount due from Mr S C Yong was £41,976 (2023: due to £79,519). At the date of approval these financial statement, Mr S C Yong repaid the loan amount of £40,000.