1 January 2024 v2025.21.1 limited_company_frs_102_section_1a_v1_1_2 companies_houseSoftwarefalsetruetruetrueNo description of principal activity0falsetruexbrli:purexbrli:sharesiso4217:GBP107850612024-01-012024-12-31107850612024-12-31107850612023-12-3110785061core:WithinOneYear2024-12-3110785061core:WithinOneYear2023-12-3110785061core:AfterOneYear2024-12-3110785061core:AfterOneYear2023-12-3110785061core:ShareCapital2024-12-3110785061core:ShareCapital2023-12-3110785061core:SharePremium2024-12-3110785061core:SharePremium2023-12-3110785061core:OtherReservesSubtotal2024-12-3110785061core:OtherReservesSubtotal2023-12-3110785061core:RetainedEarningsAccumulatedLosses2024-12-3110785061core:RetainedEarningsAccumulatedLosses2023-12-3110785061bus:Director12024-01-012024-12-3110785061bus:RegisteredOffice2024-01-012024-12-3110785061core:OfficeEquipment2024-01-012024-12-31107850612023-01-012023-12-3110785061core:PlantMachinery2024-12-3110785061core:PlantMachinery2024-01-0110785061core:PlantMachinery2024-01-012024-12-3110785061core:PlantMachinery2023-12-311078506112024-01-012024-12-3110785061countries:EnglandWales2024-01-012024-12-3110785061bus:AuditExemptWithAccountantsReport2024-01-012024-12-3110785061bus:PrivateLimitedCompanyLtd2024-01-012024-12-3110785061bus:SmallEntities2024-01-012024-12-3110785061bus:FullAccounts2024-01-012024-12-31
Company registration number:
10785061
YEO Messaging Ltd
Unaudited Filleted Financial Statements for the year ended
31 December 2024
YEO Messaging Ltd
Report to the board of directors on the preparation of the unaudited statutory financial statements of YEO Messaging Ltd
Year ended
31 December 2024
As described on the statement of financial position, the Board of Directors of
YEO Messaging Ltd
are responsible for the preparation of the
financial statements
for the year ended
31 December 2024
, which comprise the income statement, statement of total comprehensive income, statement of financial position, statement of changes in equity and related notes.
You consider that the company is exempt from an audit under the Companies Act 2006.
In accordance with your instructions I have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to me.
Elm Financial Solutions Limited
Chartered Certified Accountants
Speedwell Mill
Old Coach Road
Tansley
England
DE4 5FY
United Kingdom
YEO Messaging Ltd
Statement of Financial Position
31 December 2024
20242023
Note££
Fixed assets    
Tangible assets 5
416
 
2,185
 
Current assets    
Debtors 6
163,112
 
96,212
 
Cash at bank and in hand
154,587
 
198,593
 
317,699
 
294,805
 
Creditors: amounts falling due within one year 7
(280,491
)
(345,179
)
Net current assets/(liabilities)
37,208
 
(50,374
)
Total assets less current liabilities 37,624   (48,189 )
Creditors: amounts falling due after more than one year 8
(21,527
)
(53,527
)
Net assets/(liabilities)
16,097
 
(101,716
)
Capital and reserves    
Called up share capital
21,283
 
18,041
 
Share premium
3,616,431
 
2,724,519
 
Other reserves
(12
)
3
 
Profit and loss account
(3,621,605
)
(2,844,279
)
Shareholders funds/(deficit)
16,097
 
(101,716
)
For the year ending
31 December 2024
, the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
  • The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
  • The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
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.
These
financial statements
were approved by the board of directors and authorised for issue on
16 April 2025
, and are signed on behalf of the board by:
Alan Jones
Director
Company registration number:
10785061
YEO Messaging Ltd
Notes to the Financial Statements
Year ended
31 December 2024

1 General information

The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is
Speedwell Mill
,
Old Coach Road
,
Matlock
,
Derbyshire
,
DE4 5FY
, United Kingdom.

2 Statement of compliance

These
financial statements
have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and Republic of Ireland'.

3 Accounting policies

Basis of preparation

The
financial statements
have been prepared on the historical cost basis, as modified by the revaluation of certain assets.
The
financial statements
are prepared in sterling, which is the functional currency of the company.

Going concern

The company has met its day to day working capital requirements through a loan from the director.
On this basis, the directors consider it appropriate to prepare the financial statements on the going concern basis. The financial statements do not include any adjustments that would result from a withdrawal of the loan.

Current tax

Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Tangible assets

Tangible assets are initially measured at cost, and are subsequently measured at cost less any accumulated depreciation and accumulated impairment losses.
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Office equipment
33% straight line

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price and are subsequently measured as follows: Debt instruments are subsequently measured at amortised cost and commitments to receive a loan and to make a loan to another entity are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment.
All other financial instruments, including derivatives, are initially recognised at fair value, which is normally the transaction price and are subsequently measured at fair value, with any changes recognised in profit or loss.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.
All equity instruments regardless of significance, and other financial assets that are individually significant, are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics.
Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

4 Average number of employees

The average number of persons employed by the company during the year was nil (2023:
1
).

5 Tangible assets

Plant and machinery etc.
£
Cost  
At
1 January 2024
and
31 December 2024
9,754
 
Depreciation  
At
1 January 2024
7,569
 
Charge
1,769
 
At
31 December 2024
9,338
 
Carrying amount  
At
31 December 2024
416
 
At 31 December 2023
2,185
 

6 Debtors

20242023
££
Amounts owed by group undertakings and undertakings in which the company has a participating interest
1,045
 
1,045
 
Other debtors
162,067
 
95,167
 
163,112
 
96,212
 

7 Creditors: amounts falling due within one year

20242023
££
Bank loans and overdrafts
16,000
  -  
Trade creditors
36,638
 
3,505
 
Taxation and social security
4,727
 
1,614
 
Other creditors
223,126
 
340,060
 
280,491
 
345,179
 

8 Creditors: amounts falling due after more than one year

20242023
££
Bank loans and overdrafts
21,527
 
53,527
 

9 Guarantees and other financial commitments

The company entered into a loan agreement with Barclays Bank PLC for a Coronavirus Business Interruption Loan on 24th October 2020 to the value of £80,000. The interest on the loan is on a floating rate basis which must never be less than the margin of 3.39%. The capital element of the Loan shall be repaid in 60 instalments of £1,333.33 payable monthly commencing after the end of a capital repayment holiday of 12 months from the date of first drawdown of the Facility.