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REGISTERED NUMBER: 12252798 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2024

FOR

YPIK GLOBAL LTD

YPIK GLOBAL LTD (REGISTERED NUMBER: 12252798)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


YPIK GLOBAL LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2024







DIRECTOR: Mr Muhammad Salman Ishtiaq





REGISTERED OFFICE: Radial House Unit 105, First Floor
3-5 Ripple Road
Barking
IG11 7NP





REGISTERED NUMBER: 12252798 (England and Wales)





ACCOUNTANTS: Hybrid Accountancy Limited
Suite 3, 16 Village Way East
Harrow
HA2 7LU

YPIK GLOBAL LTD (REGISTERED NUMBER: 12252798)

BALANCE SHEET
31 OCTOBER 2024

31/10/24 31/10/23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 13,037 16,841

CURRENT ASSETS
Debtors 5 83,953 43,453
Cash at bank and in hand 55,163 37,613
139,116 81,066
CREDITORS
Amounts falling due within one year 6 103,010 56,596
NET CURRENT ASSETS 36,106 24,470
TOTAL ASSETS LESS CURRENT
LIABILITIES

49,143

41,311

CREDITORS
Amounts falling due after more than one
year

7

1,506

5,507
NET ASSETS 47,637 35,804

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 10 47,537 35,704
SHAREHOLDERS' FUNDS 47,637 35,804

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 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.

YPIK GLOBAL LTD (REGISTERED NUMBER: 12252798)

BALANCE SHEET - continued
31 OCTOBER 2024


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 29 July 2025 and were signed by:





Mr Muhammad Salman Ishtiaq - Director


YPIK GLOBAL LTD (REGISTERED NUMBER: 12252798)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

1. STATUTORY INFORMATION

Ypik Global 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.
Fixtures and fittings - 20% on cost
Motor vehicles - 18% on cost
Computer equipment - 25% on reducing balance

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 29 (2023 - 24 ) .

YPIK GLOBAL LTD (REGISTERED NUMBER: 12252798)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2024

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 November 2023 730 10,381 13,827 24,938
Additions - - 594 594
At 31 October 2024 730 10,381 14,421 25,532
DEPRECIATION
At 1 November 2023 292 2,916 4,889 8,097
Charge for year 146 1,869 2,383 4,398
At 31 October 2024 438 4,785 7,272 12,495
NET BOOK VALUE
At 31 October 2024 292 5,596 7,149 13,037
At 31 October 2023 438 7,465 8,938 16,841

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/10/24 31/10/23
£    £   
Trade debtors 67,353 14,853
Amounts owed by group undertakings 16,600 28,600
83,953 43,453

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/10/24 31/10/23
£    £   
Bank loans and overdrafts (see note 8) 4,826 4,826
Trade creditors 4,032 13,065
Tax 3,535 5,782
Social security and other taxes 11,275 5,024
Other creditors - 16,500
Factoring account 74,730 6,787
Directors' current accounts 3,412 3,412
Accrued expenses 1,200 1,200
103,010 56,596

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31/10/24 31/10/23
£    £   
Bank loans (see note 8) 1,506 5,507

YPIK GLOBAL LTD (REGISTERED NUMBER: 12252798)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2024

8. LOANS

An analysis of the maturity of loans is given below:

31/10/24 31/10/23
£    £   
Amounts falling due within one year or on demand:
Bank loans 4,826 4,826

Amounts falling due between two and five years:
Bank loans - 2-5 years 1,506 5,507

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31/10/24 31/10/23
value: £    £   
100 Ordinary 1 100 100

10. RESERVES
Retained
earnings
£   

At 1 November 2023 35,704
Profit for the year 11,833
At 31 October 2024 47,537