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REGISTERED NUMBER: SC718993 (Scotland)







Unaudited Financial Statements

For The Year Ended 31st December 2024

for

YGM Ltd

YGM Ltd (Registered number: SC718993)






Contents of the Financial Statements
For The Year Ended 31st December 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Report of the Accountants 5

YGM Ltd

Company Information
For The Year Ended 31st December 2024







DIRECTOR: J Dalziel





SECRETARY:





REGISTERED OFFICE: 8 Douglas Street
Hamilton
Lanarkshire
ML3 0BP





REGISTERED NUMBER: SC718993 (Scotland)





ACCOUNTANTS: J S Mackie & Co Ltd
8 Douglas Street
Hamilton
Lanarkshire
ML3 0BP

YGM Ltd (Registered number: SC718993)

Balance Sheet
31st December 2024

2024 2023
Notes £ £
FIXED ASSETS
Tangible assets 4 313,753 314,069

CURRENT ASSETS
Debtors 5 3,788 3,320
Cash at bank 36,324 26,831
40,112 30,151
CREDITORS
Amounts falling due within one year 6 (327,323 ) (330,760 )
NET CURRENT LIABILITIES (287,211 ) (300,609 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

26,542

13,460

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 26,442 13,360
SHAREHOLDERS' FUNDS 26,542 13,460

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 director and authorised for issue on 10th June 2025 and were signed by:





J Dalziel - Director


YGM Ltd (Registered number: SC718993)

Notes to the Financial Statements
For The Year Ended 31st December 2024

1. STATUTORY INFORMATION

YGM Ltd is a private company, limited by shares , registered in Scotland. 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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.

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.

3. EMPLOYEES AND DIRECTORS

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

YGM Ltd (Registered number: SC718993)

Notes to the Financial Statements - continued
For The Year Ended 31st December 2024

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£ £ £
COST
At 1st January 2024
and 31st December 2024 311,962 2,916 314,878
DEPRECIATION
At 1st January 2024 - 809 809
Charge for year - 316 316
At 31st December 2024 - 1,125 1,125
NET BOOK VALUE
At 31st December 2024 311,962 1,791 313,753
At 31st December 2023 311,962 2,107 314,069

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Other debtors 3,788 3,320

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Taxation and social security 3,143 2,434
Other creditors 324,180 328,326
327,323 330,760

YGM Ltd

Report of the Accountants to the Director of
YGM Ltd

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31st December 2024 set out on pages three to six and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






J S Mackie & Co Ltd
8 Douglas Street
Hamilton
Lanarkshire
ML3 0BP


10th June 2025