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REGISTERED NUMBER: 09285058 (England and Wales)










Financial Statements

for the Year Ended 31 October 2024

for

Y & Y (NE) Ltd

Y & Y (NE) Ltd (Registered number: 09285058)






Contents of the Financial Statements
for the Year Ended 31 October 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Y & Y (NE) Ltd

Company Information
for the Year Ended 31 October 2024







DIRECTOR: Ms Y Zhang





SECRETARY: B Yang





REGISTERED OFFICE: 7 Bondgate
Darlington
Co. Durham
DL3 7JA





REGISTERED NUMBER: 09285058 (England and Wales)





ACCOUNTANTS: SKS Bailey Group Limited
52-56 Coatsworth Road
Gateshead
NE8 1QN

Y & Y (NE) Ltd (Registered number: 09285058)

Balance Sheet
31 October 2024

2024 2023
Notes £    £   
Fixed assets
Tangible assets 4 840,964 549,684

Current assets
Stocks 1,560 2,520
Cash at bank and in hand 142,163 320,460
143,723 322,980
Creditors
Amounts falling due within one year 5 (165,445 ) (141,418 )
Net current (liabilities)/assets (21,722 ) 181,562
Total assets less current liabilities 819,242 731,246

Capital and reserves
Called up share capital 1 1
Retained earnings 6 819,241 731,245
819,242 731,246

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

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

The director acknowledges her 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 25 July 2025 and were signed by:




Ms Y Zhang - Director


Y & Y (NE) Ltd (Registered number: 09285058)

Notes to the Financial Statements
for the Year Ended 31 October 2024

1. STATUTORY INFORMATION

Y & Y (NE) Ltd is a private company, limited by shares , registered in England and Wales. 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.

TURNOVER
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - Nil
Plant and machinery - 15% on reducing balance
Computer equipment - 33% on cost

STOCKS
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

TAXATION
Taxation for the year comprises current 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 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.

HIRE PURCHASE AND LEASING COMMITMENTS
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

PENSION COSTS AND OTHER POST-RETIREMENT BENEFITS
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2023 - 11 ) .

Y & Y (NE) Ltd (Registered number: 09285058)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024

4. TANGIBLE FIXED ASSETS
Freehold Plant and Computer
property machinery equipment Totals
£    £    £    £   
COST
At 1 November 2023 546,879 8,304 - 555,183
Additions 290,867 - 1,000 291,867
At 31 October 2024 837,746 8,304 1,000 847,050
DEPRECIATION
At 1 November 2023 - 5,499 - 5,499
Charge for year - 420 167 587
At 31 October 2024 - 5,919 167 6,086
NET BOOK VALUE
At 31 October 2024 837,746 2,385 833 840,964
At 31 October 2023 546,879 2,805 - 549,684

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 60,570 23,184
Corporation tax 36,512 38,019
Social security and other tax 944 5,473
Pension Liability 275 197
VAT 16,742 37,761
Directors' current accounts 50,402 36,784
165,445 141,418

6. RESERVES
Retained
earnings
£   

At 1 November 2023 731,245
Profit for the year 87,996
At 31 October 2024 819,241