Yieldsteel Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 07643085 (England and Wales)

Unaudited Financial Statements

for the period

1 February 2024 to 31 December 2024

for

YIELDSTEEL LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Director:

N Lemetti

Registered office:

The Accountancy Partnership Suite 5

5th Floor, City Reach

5 Greenwich View Place

London

E14 9NN

Registered number:

07643085 (England and Wales)

Accountants:

Cooper Parry Advisory Limited

New Derwent House

69-73 Theobalds Road

London

WC1X 8TA

Fixed assets

Tangible assets

4

173

317

Current assets

Debtors

5

132,849

52,895

Cash at bank

104,919

120,244

237,768

173,139

Creditors

Amounts falling due within one year

6

164,106

44,287

Net current assets

73,662

128,852

Total assets less current liabilities

73,835

129,169

Creditors

Amounts falling due after more than one
year

7

(87,387

)

(99,399

)

Provisions for liabilities

9

(37

)

-

Net (liabilities)/assets

(13,589

)

29,770

Capital and reserves

Called up share capital

10

10,000

Retained earnings

(23,589

)

19,770

Shareholders' funds

(13,589

)

29,770

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31 December 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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 11 September 2025 and were signed by:

N Lemetti - Director

1.	Statutory information

Yieldsteel Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Key source of estimation, uncertainty and judgement

The preparation of financial statements in conformity with generally accepted accounting practice requires management to make estimates and judgement that affect the reported amounts of assets and liabilities as well as the disclosure of contingent assets and liabilities at the balance sheet date and the reported amounts of revenues and expenses during the reporting period.

There is estimation uncertainty in calculating depreciation. A full line by line review of fixed assets is carried out by management regularly. Whilst every attempt is made to ensure that the depreciation policy is as accurate as possible, there remains a risk that the policy does not match the useful life of the assets.

There is estimation uncertainty in calculating deferred tax. A full line by line review of deferred tax is carried out by management regularly. Whilst every attempt is made to ensure that the deferred tax is as accurate as possible, there remains a risk that the provisions do not match the actual tax liability when asset is disposed of.

There is estimation uncertainty in calculating bad debt provisions. A full line by line review of trade debtors is carried out at the end of each month. Whilst every attempt is made to ensure that the bad debt provisions are as accurate as possible, there remains a risk that the provisions do not match the level of debts which ultimately prove to be uncollectable.

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

-

25% on reducing balance

Computer equipment

-

33% on cost

Financial instruments

Financial assets and financial liabilities are recognised in the balance sheet when the company becomes a party to the contractual provisions of the instrument.

Trade and other debtors and creditors are classified as basic financial instruments and measured at initial recognition at transaction price. Debtors and creditors are subsequently measured at amortised cost using the effective interest rate method. A provision is established when there is objective evidence that the company will not be able to collect all amounts due.

Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank and bank overdrafts.

Financial liabilities and equity instruments issued by the company are classified in accordance with the substance of the contractual arrangements entered into and the definitions of a financial liability and an equity instrument. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs.

Derivative financial instruments are initially measured at fair value at the date on which a derivative contract is entered into and are subsequently measured at fair value through the income statement.

The company uses derivatives in the form of forward foreign exchange currency contracts to facilitate the purchase of goods invoiced in foreign currencies. The value fo the contract at the year-end is computed by comparison of the contract rate with the rate of an equivalent instrument at the statement of financial position date.

Fair value profits and losses that arise from the year end valuation of forward foreign exchange contracts, where they relate to the same class of contract and are contracted to the same bank, are netted off and are shown as one amount measured through the income statement after operating profit.

Taxation

Taxation for the period comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Going concern

The company meets its day to day working capital requirements through the support of the directors and shareholders of the company. On this basis, the directors consider it appropriate to prepare the financial statements on the going concern basis.

3.	Employees and directors

The average number of employees during the period was 1 (2024 - 1 ) .

4.	Tangible fixed assets

Fixtures

and

Computer

fittings

equipment

Totals

£

Cost

At 1 February 2024

and 31 December 2024

846

1,660

2,506

Depreciation

At 1 February 2024

622

1,567

2,189

Charge for period

51

93

144

At 31 December 2024

673

1,660

2,333

Net book value

At 31 December 2024

173

-

173

At 31 January 2024

224

93

317

5.

Debtors: amounts falling due within one year

2024

£

Trade debtors

41,715

3,302

Other debtors

91,134

49,593

132,849

52,895

6.

Creditors: amounts falling due within one year

2024

£

Bank loans and overdrafts (see note 8)

19,496

24,696

Trade creditors

33,172

358

Taxation and social security

107,762

15,897

Other creditors

3,676

3,336

164,106

44,287

7.

Creditors: amounts falling due after more than one year

2024

£

Bank loans (see note 8)

87,387

99,399

8.

Loans

An analysis of the maturity of loans is given below:

2024

£

Amounts falling due within one year or on demand:

Bank loans

19,496

24,696

Amounts falling due between two and five years:

Bank loans - 2-5 years

87,387

99,399

9.	Provisions for liabilities

2024

£

Deferred tax

37

-

Deferred tax

£

Provided during period

37

Balance at 31 December 2024

37

10.	Called up share capital

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

value:

£

10,000

Ordinary

1

10,000

11.	Director's advances, credits and guarantees

The following advances and credits to a director subsisted during the period ended 31 December 2024 and the year ended 31 January 2024:

2024

£

N Lemetti

Balance outstanding at start of period

41,716

-

Amounts advanced

30,000

41,716

Amounts repaid

-

Amounts written off

-

Amounts waived

-

Balance outstanding at end of period

71,716

41,716