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Company Registration No. 08195358 (England and Wales)
Yellow Square Development Ltd Unaudited accounts for the year ended 31 August 2024
Yellow Square Development Ltd Unaudited accounts Contents
Page
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Yellow Square Development Ltd Company Information for the year ended 31 August 2024
Director
Mr. Glen Scott
Company Number
08195358 (England and Wales)
Registered Office
8 Sewell Road Norwich Norfolk NR3 4BP England
Accountants
Together Accounting Limited 17-19 St Georges Street Norwich Norfolk NR3 1AB
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Yellow Square Development Ltd Accountants' report
Accountants' report to the director of Yellow Square Development Ltd on the preparation of the unaudited statutory accounts for the year ended 31 August 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Yellow Square Development Ltd for the year ended 31 August 2024 as set out on pages 5 - 8 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of Yellow Square Development Ltd, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of Yellow Square Development Ltd and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Yellow Square Development Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Yellow Square Development Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Yellow Square Development Ltd. You consider that Yellow Square Development Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Yellow Square Development Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Together Accounting Limited 17-19 St Georges Street Norwich Norfolk NR3 1AB 22 May 2025
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Yellow Square Development Ltd Statement of financial position as at 31 August 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
3,972 
2,159 
Investments
1,000 
1,000 
4,972 
3,159 
Current assets
Debtors
64,399 
131,453 
Cash at bank and in hand
130,006 
87,239 
194,405 
218,692 
Creditors: amounts falling due within one year
(23,212)
(22,017)
Net current assets
171,193 
196,675 
Total assets less current liabilities
176,165 
199,834 
Provisions for liabilities
Deferred tax
(755)
(411)
Net assets
175,410 
199,423 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
175,310 
199,323 
Shareholders' funds
175,410 
199,423 
For the year ending 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 22 May 2025 and were signed on its behalf by
Mr. Glen Scott Director Company Registration No. 08195358
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Yellow Square Development Ltd Notes to the Accounts for the year ended 31 August 2024
1
Statutory information
Yellow Square Development Ltd is a private company, limited by shares, registered in England and Wales, registration number 08195358. The registered office is 8 Sewell Road, Norwich, Norfolk, NR3 4BP, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
15% - Reducing Balance Method
Fixtures & fittings
25% - Reducing Balance Method
Computer equipment
33% - Straight Line Method
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax is not provided on timing differences arising from the revaluation of fixed assets where there is no commitment to sell the asset. Deferred tax assets and liabilities are not discounted.
Foreign currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Investments
Investments in shares are included at fair value.
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Yellow Square Development Ltd Notes to the Accounts for the year ended 31 August 2024
4
Tangible fixed assets
Land & buildings 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 September 2023
9,023 
539 
- 
9,562 
Additions
- 
- 
2,499 
2,499 
At 31 August 2024
9,023 
539 
2,499 
12,061 
Depreciation
At 1 September 2023
6,874 
529 
- 
7,403 
Charge for the year
537 
10 
139 
686 
At 31 August 2024
7,411 
539 
139 
8,089 
Net book value
At 31 August 2024
1,612 
- 
2,360 
3,972 
At 31 August 2023
2,149 
10 
- 
2,159 
5
Investments
Other investments 
£ 
Valuation at 1 September 2023
1,000 
Valuation at 31 August 2024
1,000 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
705 
358 
Trade debtors
- 
7,469 
Accrued income and prepayments
- 
275 
Other debtors
63,694 
123,351 
64,399 
131,453 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
2 
2 
Trade creditors
240 
- 
Taxes and social security
22,185 
21,265 
Accruals
785 
750 
23,212 
22,017 
8
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
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Yellow Square Development Ltd Notes to the Accounts for the year ended 31 August 2024
9
Controlling party
The company is controlled by the Director who owns 100% of the Share Capital.
10
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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