Yuzefi Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 9776900

Yuzefi Limited

Filleted Unaudited Financial Statements

30 September 2024

Yuzefi Limited

Statement of Financial Position

30 September 2024

	2024		2023
Note	£	£	£

Fixed assets

Intangible assets	5	84	112
Tangible assets	6	6,475	7,385
		-------	-------
		6,559	7,497

Current assets

Stocks		274,297	190,075
Debtors	7	763,765	790,820
Cash at bank and in hand		57,969	43,000
		------------	------------
		1,096,031	1,023,895

Creditors: amounts falling due within one year	8	546,339		509,512
		------------		------------
Net current assets			549,692	514,383
			---------	---------
Total assets less current liabilities			556,251	521,880
			---------	---------
Net assets			556,251	521,880
			---------	---------

Capital and reserves

Called up share capital	20,000	20,000
Profit and loss account	536,251	501,880
	---------	---------
Shareholders funds	556,251	521,880
	---------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- 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 ;

- The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Yuzefi Limited

Statement of Financial Position (continued)

30 September 2024

These financial statements were approved by the board of directors and authorised for issue on 9 September 2025 , and are signed on behalf of the board by:

Miss N Yousefi
Director

Company registration number: 9776900

Yuzefi Limited

Notes to the Financial Statements

Year ended 30 September 2024

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 29 Harcourt Street, London, W1H 4HS, England.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis. Revenue recognition Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably. Income tax The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all timing differences at the reporting date. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference. Foreign currencies Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account. Intangible assets Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

	Patents, Trade Marks & Licences	-	25% reducing balance

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Fixtures and fittings	-	25% reducing balance
Equipment	-	25% reducing balance

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 5 (2023: 5 ).

5. Intangible assets

	Patents, trademarks and licences
	£
Cost
At 1 October 2023 and 30 September 2024	844
	----
Amortisation
At 1 October 2023	732
Charge for the year	28
	----
At 30 September 2024	760
	----
Carrying amount
At 30 September 2024	84
	----
At 30 September 2023	112
	----

6. Tangible assets

	Fixtures and fittings	Equipment	Total
	£	£	£
Cost
At 1 October 2023	12,498	12,529	25,027
Additions	–	1,249	1,249
	--------	--------	--------
At 30 September 2024	12,498	13,778	26,276
	--------	--------	--------
Depreciation
At 1 October 2023	9,313	8,329	17,642
Charge for the year	796	1,363	2,159
	--------	--------	--------
At 30 September 2024	10,109	9,692	19,801
	--------	--------	--------
Carrying amount
At 30 September 2024	2,389	4,086	6,475
	--------	--------	--------
At 30 September 2023	3,185	4,200	7,385
	--------	--------	--------

7. Debtors

	2024	2023
	£	£
Trade debtors	252,714	156,301
Other debtors	511,051	634,519
	---------	---------
	763,765	790,820
	---------	---------

8. Creditors: amounts falling due within one year

	2024	2023
	£	£
Trade creditors	130,822	318,232
Corporation tax	3,249	–
Social security and other taxes	110,943	16,684
Other creditors	301,325	174,596
	---------	---------
	546,339	509,512
	---------	---------

9. Director's advances, credits and guarantees

The director owed the company £152,784(2023: £153,096)as at the year end date.