Acorah Software Products - Accounts Production 16.4.675 false true 30 November 2023 1 December 2022 false 1 December 2023 30 November 2024 30 November 2024 10800450 Miss S Yuen iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10800450 2023-11-30 10800450 2024-11-30 10800450 2023-12-01 2024-11-30 10800450 frs-core:CurrentFinancialInstruments 2024-11-30 10800450 frs-core:Non-currentFinancialInstruments 2024-11-30 10800450 frs-core:ComputerEquipment 2024-11-30 10800450 frs-core:ComputerEquipment 2023-12-01 2024-11-30 10800450 frs-core:ComputerEquipment 2023-11-30 10800450 frs-core:FurnitureFittings 2024-11-30 10800450 frs-core:FurnitureFittings 2023-12-01 2024-11-30 10800450 frs-core:FurnitureFittings 2023-11-30 10800450 frs-core:ShareCapital 2024-11-30 10800450 frs-core:RetainedEarningsAccumulatedLosses 2024-11-30 10800450 frs-bus:PrivateLimitedCompanyLtd 2023-12-01 2024-11-30 10800450 frs-bus:FilletedAccounts 2023-12-01 2024-11-30 10800450 frs-bus:SmallEntities 2023-12-01 2024-11-30 10800450 frs-bus:AuditExempt-NoAccountantsReport 2023-12-01 2024-11-30 10800450 frs-bus:SmallCompaniesRegimeForAccounts 2023-12-01 2024-11-30 10800450 frs-bus:Director1 2023-12-01 2024-11-30 10800450 frs-bus:Director1 2023-11-30 10800450 frs-bus:Director1 2024-11-30 10800450 frs-core:CurrentFinancialInstruments 1 2024-11-30 10800450 frs-core:CurrentFinancialInstruments 2 2024-11-30 10800450 frs-countries:EnglandWales 2023-12-01 2024-11-30 10800450 2022-11-30 10800450 2023-11-30 10800450 2022-12-01 2023-11-30 10800450 frs-core:CurrentFinancialInstruments 2023-11-30 10800450 frs-core:Non-currentFinancialInstruments 2023-11-30 10800450 frs-core:ShareCapital 2023-11-30 10800450 frs-core:RetainedEarningsAccumulatedLosses 2023-11-30 10800450 frs-core:CurrentFinancialInstruments 1 2023-11-30 10800450 frs-core:CurrentFinancialInstruments 2 2023-11-30
Registered number: 10800450
Yuen Salon Limited
Financial Statements
For The Year Ended 30 November 2024
Cursio & Co. Ltd
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 10800450
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 2,913 3,331
2,913 3,331
CURRENT ASSETS
Stocks 5 1,800 10,000
Debtors 6 30,477 22,435
Cash at bank and in hand 23,000 19,005
55,277 51,440
Creditors: Amounts Falling Due Within One Year 7 (30,980 ) (27,905 )
NET CURRENT ASSETS (LIABILITIES) 24,297 23,535
TOTAL ASSETS LESS CURRENT LIABILITIES 27,210 26,866
Creditors: Amounts Falling Due After More Than One Year 8 (27,780 ) (32,860 )
NET LIABILITIES (570 ) (5,994 )
CAPITAL AND RESERVES
Called up share capital 9 1 1
Profit and Loss Account (571 ) (5,995 )
SHAREHOLDERS' FUNDS (570) (5,994)
Page 1
Page 2
For the year ending 30 November 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Miss S Yuen
Director
29 August 2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Yuen Salon Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10800450 . The registered office is 8 Axis Court Mallard Way, Riverside Business Park, Swansea, SA7 0AJ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Fixtures & Fittings 20% Reducing balance
Computer Equipment 20% Reducing balance
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 7 (2023: 7)
7 7
4. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 December 2023 8,306 3,006 11,312
Additions 266 - 266
As at 30 November 2024 8,572 3,006 11,578
Depreciation
As at 1 December 2023 5,882 2,099 7,981
Provided during the period 502 182 684
As at 30 November 2024 6,384 2,281 8,665
...CONTINUED
Page 3
Page 4
Net Book Value
As at 30 November 2024 2,188 725 2,913
As at 1 December 2023 2,424 907 3,331
5. Stocks
2024 2023
£ £
Stock 1,800 10,000
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 11,325 11,808
Other debtors 1,000 1,000
Director's loan account 18,152 9,627
30,477 22,435
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 11,332 14,689
Bank loans and overdrafts 13 13
Corporation tax 1,102 1,102
Other taxes and social security 11,329 286
VAT 5,814 9,998
Other creditors (1) 497 1,317
Other creditors (2) 393 -
Accruals and deferred income 500 500
30,980 27,905
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 27,780 32,860
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
Page 4
Page 5
10. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 December 2023 Amounts advanced Amounts repaid Amounts written off As at 30 November 2024
£ £ £ £ £
Miss Stacey Yuen 9,626 - - - -
The above loan is unsecured, interest free and repayable on demand.
Page 5