Company registration number 02950031 (England and Wales)
YELLOW DRAMA LIMITED
Unaudited Financial Statements
For The Year Ended 31 December 2024
Pages For Filing With Registrar
Yellow Drama Limited
YELLOW DRAMA LIMITED
Contents
Page
Balance sheet
1
Notes to the financial statements
2 - 4
Yellow Drama Limited
YELLOW DRAMA LIMITED
Balance Sheet
As At 31 December 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
26,614
43,846
Current assets
Debtors
4
5,838
714
Cash at bank and in hand
35,405
6,917
41,243
7,631
Creditors: amounts falling due within one year
5
(3,226)
(11,294)
Net current assets/(liabilities)
38,017
(3,663)
Total assets less current liabilities
64,631
40,183
Creditors: amounts falling due after more than one year
6
(623,540)
(584,354)
Net liabilities
(558,909)
(544,171)
Capital and reserves
Called up share capital
1,000
1,000
Profit and loss reserves
(559,909)
(545,171)
Total equity
(558,909)
(544,171)

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the board of directors and authorised for issue on 24 August 2025 and are signed on its behalf by:
Mr S Matthews
Director
Company registration number 02950031 (England and Wales)
Yellow Drama Limited
YELLOW DRAMA LIMITED
Notes To The Financial Statements
For The Year Ended 31 December 2024
- 2 -
1
Accounting policies
Company information

Yellow Drama Limited is a private company limited by shares incorporated in England and Wales. The registered office is The Goods Shed, Jubilee Way, Faversham, Kent, England, ME13 8GD.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

 

When cash inflows are deferred and represent a financing arrangement, the fair value of the consideration is the present value of the future receipts. The difference between the fair value of the consideration and the nominal amount received is recognised as interest income.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Vessel
20% Reducing balance
Vessel improvements
10% Straight line
Computers
20% Reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
2
2
Yellow Drama Limited
YELLOW DRAMA LIMITED
Notes To The Financial Statements (Continued)
For The Year Ended 31 December 2024
- 3 -
3
Tangible fixed assets
Vessel
Vessel improvements
Computers
Total
£
£
£
£
Cost
At 1 January 2024 and 31 December 2024
237,557
169,250
6,216
413,023
Depreciation and impairment
At 1 January 2024
236,273
126,938
5,966
369,177
Depreciation charged in the year
257
16,925
50
17,232
At 31 December 2024
236,530
143,863
6,016
386,409
Carrying amount
At 31 December 2024
1,027
25,387
200
26,614
At 31 December 2023
1,284
42,312
250
43,846
4
Debtors
2024
2023
Amounts falling due within one year:
£
£
Other debtors
5,838
714
5
Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
-
0
8,522
Other creditors
3,226
2,772
3,226
11,294
6
Creditors: amounts falling due after more than one year
2024
2023
£
£
Other creditors
623,540
584,354
Yellow Drama Limited
YELLOW DRAMA LIMITED
Notes To The Financial Statements (Continued)
For The Year Ended 31 December 2024
- 4 -
7
Related party transactions

The director's loan of £623,540 (2023: £584,354) was provided by Stephen Matthews, the ultimate controlling party, by virtue of him being a director and the majority shareholder. The loan is interest free and is repayable with a minimum of 12 months' notice

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