1 September 2023 false No description of principal activity Taxfiler 2024.6 07347056business:PrivateLimitedCompanyLtd2023-09-012024-08-31 073470562023-08-31 073470562023-09-012024-08-31 07347056business:AuditExempt-NoAccountantsReport2023-09-012024-08-31 07347056business:FilletedAccounts2023-09-012024-08-31 073470562024-08-31 07347056business:Director12023-09-012024-08-31 07347056business:RegisteredOffice2023-09-012024-08-31 073470562023-08-31 07347056core:WithinOneYear2024-08-31 07347056core:WithinOneYear2023-08-31 07347056core:ShareCapitalcore:PreviouslyStatedAmount2024-08-31 07347056core:ShareCapitalcore:PreviouslyStatedAmount2023-08-31 07347056core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-08-31 07347056core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-08-31 07347056core:PreviouslyStatedAmount2024-08-31 07347056core:PreviouslyStatedAmount2023-08-31 07347056business:SmallEntities2023-09-012024-08-31 07347056countries:EnglandWales2023-09-012024-08-31 07347056core:PlantMachinery2023-09-012024-08-31 07347056core:MotorVehicles2023-09-012024-08-31 07347056core:FurnitureFittings2023-09-012024-08-31 07347056core:PlantMachinery2023-08-31 07347056core:MotorVehicles2023-08-31 07347056core:FurnitureFittings2023-08-31 07347056core:PlantMachinery2024-08-31 07347056core:MotorVehicles2024-08-31 07347056core:FurnitureFittings2024-08-31 073470562022-09-012023-08-31 iso4217:GBP xbrli:pure
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
- 2 -
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
- 3 -
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
- 4 -
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 
- 5 -
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).
- 6 -