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REGISTERED NUMBER: 07912194 (England and Wales)















Financial Statements for the Year Ended 30 April 2024

for

Yoon Global Ltd

Yoon Global Ltd (Registered number: 07912194)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Yoon Global Ltd

Company Information
for the Year Ended 30 April 2024







DIRECTORS: S H Yoon
S Yoon





REGISTERED OFFICE: 25C Lombard Road
Wimbledon
London
SW19 3TZ





REGISTERED NUMBER: 07912194 (England and Wales)





ACCOUNTANTS: Atkinsons
Chartered Accountants
86 Burlington Road
New Malden
Surrey
KT3 4NT

Yoon Global Ltd (Registered number: 07912194)

Balance Sheet
30 April 2024

30.4.24 30.4.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 160,984 97,124

CURRENT ASSETS
Stocks 25,000 20,000
Debtors 5 67,598 54,308
Cash at bank 43,879 26,094
136,477 100,402
CREDITORS
Amounts falling due within one year 6 218,132 100,110
NET CURRENT (LIABILITIES)/ASSETS (81,655 ) 292
TOTAL ASSETS LESS CURRENT
LIABILITIES

79,329

97,416

CREDITORS
Amounts falling due after more than one
year

7

80,599

85,128
NET (LIABILITIES)/ASSETS (1,270 ) 12,288

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (1,370 ) 12,188
SHAREHOLDERS' FUNDS (1,270 ) 12,288

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 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.

Yoon Global Ltd (Registered number: 07912194)

Balance Sheet - continued
30 April 2024


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 Income Statement has not been delivered.

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





S H Yoon - Director


Yoon Global Ltd (Registered number: 07912194)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

Yoon Global 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.

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.

These financial statements have been prepared on the basis that the company will continue to be a going concern. At the year end the current liabilities exceeded current assets by £81,655. The validity of this basis depends upon the continued support of the company's director. The director confirms that they will give the required support.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 15% on reducing balance

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 and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred 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.


Yoon Global Ltd (Registered number: 07912194)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 17 (2023 - 27 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 1 May 2023 136,912
Additions 83,682
At 30 April 2024 220,594
DEPRECIATION
At 1 May 2023 39,788
Charge for year 19,822
At 30 April 2024 59,610
NET BOOK VALUE
At 30 April 2024 160,984
At 30 April 2023 97,124

Yoon Global Ltd (Registered number: 07912194)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors 7,622 31,008
Other debtors 59,976 23,300
67,598 54,308

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans and overdrafts 5,958 -
Trade creditors 11,029 76,195
Taxation and social security 137,621 23,915
Other creditors 63,524 -
218,132 100,110

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans 35,261 85,128
Other creditors 45,338 -
80,599 85,128

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 4,854 -

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 April 2024 and 30 April 2023:

30.4.24 30.4.23
£    £   
S H Yoon
Balance outstanding at start of year - -
Amounts advanced 21,935 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 21,935 -

Yoon Global Ltd (Registered number: 07912194)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued

S Yoon
Balance outstanding at start of year - -
Amounts advanced 1 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 1 -

9. RELATED PARTY DISCLOSURES

During the year the company was under the control of S H Yoon, director and shareholder.

No transactions with related parties were undertaken such as are required to be disclosed under Section 1A Small Entities of Financial Reporting Standard 102.