Company Registration No. 11892712 (England and Wales)
GO 4 YU LTD
Unaudited accounts
for the year ended 31 March 2025
GO 4 YU LTD
Unaudited accounts
Contents
GO 4 YU LTD
Company Information
for the year ended 31 March 2025
Director
Mr. Lazar Vukovic
Company Number
11892712 (England and Wales)
Registered Office
Novakovic & Co
27 St. Cuthberts Street
Bedford
Bedfordshire
MK40 3JG
England
Accountants
Stoke Newington Accountants & Tax Consultants Ltd
Southgate Office Village, Block E
286-A Chase Road
Southgate
London
N14 6HF
GO 4 YU LTD
Statement of financial position
as at 31 March 2025
Tangible assets
1,153
1,357
Cash at bank and in hand
84
7
Creditors: amounts falling due within one year
(25,315)
(6,497)
Net current assets
79,669
77,184
Total assets less current liabilities
80,822
78,541
Creditors: amounts falling due after more than one year
(80,865)
(80,060)
Net liabilities
(43)
(1,519)
Called up share capital
100
100
Profit and loss account
(143)
(1,619)
Shareholders' funds
(43)
(1,519)
For the year ending 31 March 2025 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 20 June 2025 and were signed on its behalf by
Mr. Lazar Vukovic
Director
Company Registration No. 11892712
GO 4 YU LTD
Notes to the Accounts
for the year ended 31 March 2025
GO 4 YU LTD is a private company, limited by shares, registered in England and Wales, registration number 11892712. The registered office is Novakovic & Co, 27 St. Cuthberts Street, Bedford, Bedfordshire, MK40 3JG, 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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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:
Fixtures & fittings
15% Reducing Bal Method
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
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 assets and liabilities are not discounted.
Expenditure on research and development is written off in the year in which it is incurred.
GO 4 YU LTD
Notes to the Accounts
for the year ended 31 March 2025
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.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
The directors have identified material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern, however, the going concern basis remains appropriate.
4
Tangible fixed assets
Fixtures & fittings
Amounts falling due after more than one year
Other debtors
25,150
14,174
6
Creditors: amounts falling due within one year
2025
2024
Loans from directors
2,135
5,717
GO 4 YU LTD
Notes to the Accounts
for the year ended 31 March 2025
7
Creditors: amounts falling due after more than one year
2025
2024
Other creditors
80,865
80,060
8
Transactions with related parties
Included in other debtors more than one year, is an amount of £25,150, due from a connected company under common directorship. The loan is interest free and repayable on demand.
Included in other creditors more than one year, is an amount of £865, due to a connected company under common directorship. The loan is interest free and repayable on demand.
At the balance sheet date, where the director held controlling interest, the company owed the director £2,135.
The company's ultimate controlling party is the director by virtue of his ownership of 100% of the issued share capital in the company.
10
Average number of employees
During the year the average number of employees was 1 (2024: 1).