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Company Registration No. 07347056 (England and Wales)
YPM Local Limited Unaudited accounts for the year ended 31 August 2024
YPM Local Limited Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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YPM Local Limited Company Information for the year ended 31 August 2024
Director
Erfan Sadiq
Company Number
07347056 (England and Wales)
Registered Office
206 Manningham Lane Bradford West Yorkshire BD8 7DT England
Accountants
Axiom Accountants Ltd 42-44 Adelaide Street Bradford West Yorkshire BD5 0EA
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YPM Local Limited Statement of financial position as at 31 August 2024
2024
2023
Notes
£
£
Fixed assets
Tangible assets
4
25,095
16,832
Current assets
Inventories
6,500
10,500
Debtors
5
51,275
44,827
Cash at bank and in hand
24,529
9,928
82,304
65,255
Creditors: amounts falling due within one year
6
(68,161)
(55,397)
Net current assets
14,143
9,858
Net assets
39,238
26,690
Capital and reserves
Called up share capital
100
100
Profit and loss account
39,138
26,590
Shareholders' funds
39,238
26,690
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 26 May 2025 and were signed on its behalf by
Erfan Sadiq Director Company Registration No. 07347056
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YPM Local Limited Notes to the Accounts for the year ended 31 August 2024
1
Statutory information
YPM Local Limited is a private company, limited by shares, registered in England and Wales, registration number 07347056. The registered office is 206 Manningham Lane, Bradford, West Yorkshire, BD8 7DT, 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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% Reducing balance
Motor vehicles
20% Reducing balance
Fixtures & fittings
20% Reducing balance
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
£
£
£
£
Cost or valuation
At cost
At cost
At cost
At 1 September 2023
1,200
32,700
3,138
37,038
Additions
-
14,537
-
14,537
At 31 August 2024
1,200
47,237
3,138
51,575
Depreciation
At 1 September 2023
1,105
16,844
2,257
20,206
Charge for the year
19
6,079
176
6,274
At 31 August 2024
1,124
22,923
2,433
26,480
Net book value
At 31 August 2024
76
24,314
705
25,095
At 31 August 2023
95
15,856
881
16,832
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YPM Local Limited Notes to the Accounts for the year ended 31 August 2024
5
Debtors
2024
2023
£
£
Amounts falling due within one year
Trade debtors
47,275
40,827
Other debtors
4,000
4,000
51,275
44,827
6
Creditors: amounts falling due within one year
2024
2023
£
£
VAT
18,806
12,909
Trade creditors
6,296
3,257
Taxes and social security
9,871
15,470
Other creditors
1,004
758
Loans from directors
31,159
22,003
Accruals
1,025
1,000
68,161
55,397
7
Average number of employees
During the year the average number of employees was 14 (2023: 14).
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