Registered number
03636147
Your Business Limited
Unaudited Filleted Accounts
31 March 2025
Your Business Limited
Registered number: 03636147
Balance Sheet
as at 31 March 2025
Notes 2025 2024
£ £
Fixed assets
Tangible assets 3 825 -
Current assets
Debtors 4 36,812 27,962
Cash at bank and in hand 96,445 145,291
133,257 173,253
Creditors: amounts falling due within one year 5 (118,746) (105,274)
Net current assets 14,511 67,979
Net assets 15,336 67,979
Capital and reserves
Called up share capital 84 84
Capital redemption reserve 16 16
Profit and loss account 15,236 67,879
Shareholders' funds 15,336 67,979
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
P Moors
Director
Approved by the board on 6 June 2025
Your Business Limited
Notes to the Accounts
for the year ended 31 March 2025
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Computer equipment over 3 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2025 2024
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Computer equipment
£
Cost
Additions 1,238
At 31 March 2025 1,238
Depreciation
Charge for the year 413
At 31 March 2025 413
Net book value
At 31 March 2025 825
4 Debtors 2025 2024
£ £
Trade debtors 12,500 3,500
Other debtors 24,312 24,462
36,812 27,962
5 Creditors: amounts falling due within one year 2025 2024
£ £
Taxation and social security costs 18,806 13,423
Other creditors 99,940 91,851
118,746 105,274
6 Related party transactions
The company owes the directors £66,440 (2024 - £68,538) at the balance sheet date. This loan is interest-free and repayable on demand. It is included within other creditors in these accounts.
7 Controlling party
The company is controlled by P Moors and L Moors, as directors and shareholders.
8 Other information
Your Business Limited is a private company limited by shares and incorporated in England. Its registered office is:
Devisdale
45 Dunham Road
Bowdon
Altrincham
WA14 4QG
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