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COMPANY REGISTRATION NUMBER: 05107161
Sangye Yoga Limited
Filleted Unaudited Financial Statements
30 April 2024
Sangye Yoga Limited
Financial Statements
Year ended 30 April 2024
Contents
Page
Officers and professional advisers
1
Chartered certified accountants report to the director on the preparation of the unaudited statutory financial statements
2
Statement of financial position
3
Notes to the financial statements
5
Sangye Yoga Limited
Officers and Professional Advisers
Director
P Douglas
Registered office
727-729 High Road
London
N12 0BP
Accountants
Complete Accounting Solutions
Chartered Certified Accountants
727-729 High Road
London
N12 0BP
Sangye Yoga Limited
Chartered Certified Accountants Report to the Director on the Preparation of the Unaudited Statutory Financial Statements of Sangye Yoga Limited
Year ended 30 April 2024
As described on the statement of financial position, the director of the company is responsible for the preparation of the financial statements for the year ended 30 April 2024, which comprise the statement of financial position and the related notes. You consider that the company is exempt from an audit under the Companies Act 2006. In accordance with your instructions we have compiled these financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to us.
Complete Accounting Solutions Chartered Certified Accountants
727-729 High Road London N12 0BP
Sangye Yoga Limited
Statement of Financial Position
30 April 2024
2024
2023
Note
£
£
Fixed assets
Tangible assets
5
2,182
2,721
Current assets
Stocks
75,124
75,057
Debtors
6
124,175
125,166
Cash at bank and in hand
70,195
125,790
---------
---------
269,494
326,013
Creditors: amounts falling due within one year
7
19,653
50,170
---------
---------
Net current assets
249,841
275,843
---------
---------
Total assets less current liabilities
252,023
278,564
Creditors: amounts falling due after more than one year
8
396,866
396,866
---------
---------
Net liabilities
( 144,843)
( 118,302)
---------
---------
Capital and reserves
Called up share capital
100
100
Profit and loss account
( 144,943)
( 118,402)
---------
---------
Shareholders funds
( 144,843)
( 118,302)
---------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
For the year ending 30 April 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 financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Sangye Yoga Limited
Statement of Financial Position (continued)
30 April 2024
These financial statements were approved by the board of directors and authorised for issue on 28 April 2025 , and are signed on behalf of the board by:
P Douglas
Director
Company registration number: 05107161
Sangye Yoga Limited
Notes to the Financial Statements
Year ended 30 April 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 727-729 High Road, London, N12 0BP.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity .
Going concern
I believe that the company's financial statements should be prepared on a going concern basis on the grounds that current and future sources of funding or support will be more than adequate for the company's needs. I believe that no further disclosures relating to the company's ability to continue as a going concern need to be made in the financial statements. In assessing going concern, I have paid particular attention to a period of not less than one year from the date of approval of the financial statements.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. 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
All fixed assets are initially recorded at cost and are depreciated fully in the year of acquisition and not in the year of disposal.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fixtures and fittings
-
25% reducing balance
Equipment
-
20% reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 9 (2023: 4 ).
5. Tangible assets
Fixtures and fittings
Equipment
Total
£
£
£
Cost
At 1 May 2023 and 30 April 2024
35,651
15,238
50,889
--------
--------
--------
Depreciation
At 1 May 2023
35,451
12,717
48,168
Charge for the year
50
489
539
--------
--------
--------
At 30 April 2024
35,501
13,206
48,707
--------
--------
--------
Carrying amount
At 30 April 2024
150
2,032
2,182
--------
--------
--------
At 30 April 2023
200
2,521
2,721
--------
--------
--------
6. Debtors
2024
2023
£
£
Trade debtors
69,825
40,786
Other debtors
54,350
84,380
---------
---------
124,175
125,166
---------
---------
7. Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
7,063
5,992
Social security and other taxes
4,654
2,697
Other creditors
7,936
41,481
--------
--------
19,653
50,170
--------
--------
8. Creditors: amounts falling due after more than one year
2024
2023
£
£
Other creditors
396,866
396,866
---------
---------