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REGISTERED NUMBER: 14595053 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST JANUARY 2025

FOR

HAPPY YETI LTD

HAPPY YETI LTD (REGISTERED NUMBER: 14595053)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST JANUARY 2025










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


HAPPY YETI LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST JANUARY 2025







DIRECTORS: Z Walton
K Walton





REGISTERED OFFICE: 15 West Street
Brighton
East Sussex
BN1 2RL





REGISTERED NUMBER: 14595053 (England and Wales)





ACCOUNTANTS: Galloways Accounting Limited
15 West Street
Brighton
East Sussex
BN1 2RL

HAPPY YETI LTD (REGISTERED NUMBER: 14595053)

BALANCE SHEET
31ST JANUARY 2025

2025 2024
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 3,538 4,717
Tangible assets 5 718 -
4,256 4,717

CURRENT ASSETS
Stocks 118,625 28,117
Debtors 6 8,874 17,616
Cash at bank 140,413 74,005
267,912 119,738
CREDITORS
Amounts falling due within one year 7 239,464 142,427
NET CURRENT ASSETS/(LIABILITIES) 28,448 (22,689 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

32,704

(17,972

)

PROVISIONS FOR LIABILITIES - 3,545
NET ASSETS/(LIABILITIES) 32,704 (21,517 )

CAPITAL AND RESERVES
Called up share capital 4 4
Retained earnings 32,700 (21,521 )
32,704 (21,517 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st January 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25th April 2025 and were signed on its behalf by:




Z Walton - Director


HAPPY YETI LTD (REGISTERED NUMBER: 14595053)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST JANUARY 2025


1. STATUTORY INFORMATION

Happy Yeti Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover is recognised at the point of sale, and distribution of stock.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Trademarks are being amortised evenly over their estimated useful life of five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Computer equipment - Over the lease term

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

3. EMPLOYEES

The average number of employees during the year was 2 (2024 - 2 ) .

HAPPY YETI LTD (REGISTERED NUMBER: 14595053)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST JANUARY 2025


4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1st February 2024
and 31st January 2025 5,896
AMORTISATION
At 1st February 2024 1,179
Charge for year 1,179
At 31st January 2025 2,358
NET BOOK VALUE
At 31st January 2025 3,538
At 31st January 2024 4,717

5. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
Additions 932
At 31st January 2025 932
DEPRECIATION
Charge for year 214
At 31st January 2025 214
NET BOOK VALUE
At 31st January 2025 718

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Other debtors 8,874 17,616

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade creditors 1,238 134
Taxation and social security 11,883 -
Other creditors 226,343 142,293
239,464 142,427