IRIS Accounts Production v25.2.0.378 12343237 Board of Directors 1.1.24 31.12.24 31.12.24 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh123432372023-12-31123432372024-12-31123432372024-01-012024-12-31123432372022-12-31123432372023-01-012023-12-31123432372023-12-3112343237ns15:EnglandWales2024-01-012024-12-3112343237ns14:PoundSterling2024-01-012024-12-3112343237ns10:Director12024-01-012024-12-3112343237ns10:PrivateLimitedCompanyLtd2024-01-012024-12-3112343237ns10:SmallEntities2024-01-012024-12-3112343237ns10:AuditExempt-NoAccountantsReport2024-01-012024-12-3112343237ns10:SmallCompaniesRegimeForDirectorsReport2024-01-012024-12-3112343237ns10:SmallCompaniesRegimeForAccounts2024-01-012024-12-3112343237ns10:FullAccounts2024-01-012024-12-311234323712024-01-012024-12-3112343237ns10:Director22024-01-012024-12-3112343237ns10:RegisteredOffice2024-01-012024-12-3112343237ns5:CurrentFinancialInstruments2024-12-3112343237ns5:CurrentFinancialInstruments2023-12-3112343237ns5:Non-currentFinancialInstruments2024-12-3112343237ns5:Non-currentFinancialInstruments2023-12-3112343237ns5:ShareCapital2024-12-3112343237ns5:ShareCapital2023-12-3112343237ns5:RetainedEarningsAccumulatedLosses2024-12-3112343237ns5:RetainedEarningsAccumulatedLosses2023-12-3112343237ns5:IntangibleAssetsOtherThanGoodwill2024-01-012024-12-3112343237ns5:DevelopmentCostsCapitalisedDevelopmentExpenditure2024-01-012024-12-3112343237ns5:FurnitureFittings2024-01-012024-12-3112343237ns5:MotorVehicles2024-01-012024-12-3112343237ns5:ComputerEquipment2024-01-012024-12-3112343237ns5:IntangibleAssetsOtherThanGoodwill2023-12-3112343237ns5:IntangibleAssetsOtherThanGoodwill2024-12-3112343237ns5:IntangibleAssetsOtherThanGoodwill2023-12-3112343237ns5:FurnitureFittings2023-12-3112343237ns5:MotorVehicles2023-12-3112343237ns5:ComputerEquipment2023-12-3112343237ns5:FurnitureFittings2024-12-3112343237ns5:MotorVehicles2024-12-3112343237ns5:ComputerEquipment2024-12-3112343237ns5:FurnitureFittings2023-12-3112343237ns5:MotorVehicles2023-12-3112343237ns5:ComputerEquipment2023-12-3112343237ns5:WithinOneYearns5:CurrentFinancialInstruments2024-12-3112343237ns5:WithinOneYearns5:CurrentFinancialInstruments2023-12-31
REGISTERED NUMBER: 12343237 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2024

for

Yo1 Enterprises Ltd

Yo1 Enterprises Ltd (Registered number: 12343237)






Contents of the Financial Statements
for the year ended 31 December 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Yo1 Enterprises Ltd

Company Information
for the year ended 31 December 2024







DIRECTORS: W A Chadwick
D A Parker





REGISTERED OFFICE: Unit 1 The Raylor Centre
James Street
York
YO10 3DW





REGISTERED NUMBER: 12343237 (England and Wales)





ACCOUNTANTS: Royston Parkin Limited
2 President Buildings
Savile Street East
Sheffield
South Yorkshire
S4 7UQ

Yo1 Enterprises Ltd (Registered number: 12343237)

Balance Sheet
31 December 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 52,520 59,522
Property, plant and equipment 5 33,264 44,870
85,784 104,392

CURRENT ASSETS
Debtors 6 66,523 78,152
Cash at bank 14,712 17,701
81,235 95,853
CREDITORS
Amounts falling due within one year 7 50,819 73,731
NET CURRENT ASSETS 30,416 22,122
TOTAL ASSETS LESS CURRENT
LIABILITIES

116,200

126,514

CREDITORS
Amounts falling due after more than
one year

8

425,805

369,638
NET LIABILITIES (309,605 ) (243,124 )

CAPITAL AND RESERVES
Called up share capital 4 4
Retained earnings (309,609 ) (243,128 )
(309,605 ) (243,124 )

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

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

The directors acknowledge their 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.

Yo1 Enterprises Ltd (Registered number: 12343237)

Balance Sheet - continued
31 December 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 Board of Directors and authorised for issue on 28 July 2025 and were signed on its behalf by:





W A Chadwick - Director


Yo1 Enterprises Ltd (Registered number: 12343237)

Notes to the Financial Statements
for the year ended 31 December 2024

1. STATUTORY INFORMATION

Yo1 Enterprises 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
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Branding costs are being amortised evenly over their estimated useful life of ten years.

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 - 20% on cost
Computer equipment - 20% on cost

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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Yo1 Enterprises Ltd (Registered number: 12343237)

Notes to the Financial Statements - continued
for the year ended 31 December 2024

2. ACCOUNTING POLICIES - continued

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 6 (2023 - 5 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 January 2024
and 31 December 2024 70,026
AMORTISATION
At 1 January 2024 10,504
Charge for year 7,002
At 31 December 2024 17,506
NET BOOK VALUE
At 31 December 2024 52,520
At 31 December 2023 59,522

Yo1 Enterprises Ltd (Registered number: 12343237)

Notes to the Financial Statements - continued
for the year ended 31 December 2024

5. PROPERTY, PLANT AND EQUIPMENT
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 January 2024 46,256 17,711 7,655 71,622
Additions 1,141 - 1,730 2,871
At 31 December 2024 47,397 17,711 9,385 74,493
DEPRECIATION
At 1 January 2024 16,038 8,870 1,844 26,752
Charge for year 9,346 3,542 1,589 14,477
At 31 December 2024 25,384 12,412 3,433 41,229
NET BOOK VALUE
At 31 December 2024 22,013 5,299 5,952 33,264
At 31 December 2023 30,218 8,841 5,811 44,870

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 27,576 63,764
Other debtors 38,947 14,388
66,523 78,152

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 24,586 30,738
Taxation and social security 17,168 14,129
Other creditors 9,065 28,864
50,819 73,731

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Bank loans 4,250 7,287
Trade creditors 354,956 308,351
Other creditors 66,599 54,000
425,805 369,638

Yo1 Enterprises Ltd (Registered number: 12343237)

Notes to the Financial Statements - continued
for the year ended 31 December 2024

9. GOING CONCERN

The company's liabilities exceed its assets, however, of the liabilities, £405,256 (31 December 2023 £352,351) is funding provided by the majority shareholder, Wayne Chadwick, and by companies under his control. Given this support, the accounts have been prepared on a going concern basis.