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Registration number: 08681410

YB Communications Limited
Annual Report and Unaudited Filleted Financial Statements
for the Period from 1 October 2023 to 31 December 2024

YB Communications Limited

Contents

Company Information | 1
Balance Sheet | 2 to 3
Notes to the Unaudited Financial Statements | 4 to 11

YB Communications Limited

Company Information

Director | Mr Jonathan Graves

Registered office | Phoenix House Elland Road Leeds West Yorkshire LS27 7TB

Accountants | GMR Accountants Ltd 1st Floor 8/12 London Street Southport Merseyside PR9 0UE

YB Communications Limited

(Registration number: 08681410)
Balance Sheet as at 31 December 2024

| Note | 2024 £ | 2023 £
Fixed assets |  |  |
Intangible assets | 4 | 123,864 | 113,998
Tangible assets | 5 | 199,562 | 213,642
Investments | 6 | 2 | 1,002
|  | 323,428 | 328,642
Current assets |  |  |
Stocks | 7 | 10,000 | 21,500
Debtors | 8 | 155,945 | 172,662
Cash at bank and in hand |  | 130,051 | 47,772
|  | 295,996 | 241,934
Creditors: Amounts falling due within one year | 9 | (460,381) | (301,596)
Net current liabilities |  | (164,385) | (59,662)
Total assets less current liabilities |  | 159,043 | 268,980
Creditors: Amounts falling due after more than one year | 9 | (26,660) | (221,574)
Provisions for liabilities |  | (33,682) | (38,471)
Net assets |  | 98,701 | 8,935
Capital and reserves |  |  |
Called up share capital |  | 1,000 | 1,000
Retained earnings |  | 97,701 | 7,935
Shareholders' funds |  | 98,701 | 8,935

For the financial period ending 31 December 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 accounts for the period in question in accordance with section 476; and
• | The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 16 September 2025

YB Communications Limited

(Registration number: 08681410)
Balance Sheet as at 31 December 2024

......................................... Mr Jonathan Graves Director

YB Communications Limited

Notes to the Unaudited Financial Statements for the Period from 1 October 2023 to 31 December 2024

1 | General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
Phoenix House
Elland Road
Leeds
West Yorkshire
LS27 7TB

These financial statements were authorised for issue by the director on 16 September 2025.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.
Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

YB Communications Limited

Notes to the Unaudited Financial Statements for the Period from 1 October 2023 to 31 December 2024

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Property Improvements | 10% Straight line
Motor Vehicles | 25% Reducing balance
Computer Equipment | 33 % Straight line
Fixture and Fittings | 20% Reducing balance

Business combinations

Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class | Amortisation method and rate
Goodwill | 10 years straight line

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.
Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

YB Communications Limited

Notes to the Unaudited Financial Statements for the Period from 1 October 2023 to 31 December 2024

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.
The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

YB Communications Limited

Notes to the Unaudited Financial Statements for the Period from 1 October 2023 to 31 December 2024

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3 | Staff numbers

The average number of persons employed by the company (including the director) during the period, was 24 (2023 - 15).

4 | Intangible assets

| Goodwill £ | Total £
Cost or valuation
At 1 October 2023 | 146,440 | 146,440
Additions acquired separately | 30,436 | 30,436
At 31 December 2024 | 176,876 | 176,876
Amortisation
At 1 October 2023 | 32,442 | 32,442
Amortisation charge | 20,570 | 20,570
At 31 December 2024 | 53,012 | 53,012
Carrying amount
At 31 December 2024 | 123,864 | 123,864
At 30 September 2023 | 113,998 | 113,998

YB Communications Limited

Notes to the Unaudited Financial Statements for the Period from 1 October 2023 to 31 December 2024

5 | Tangible assets

| Property Improvements £ | Fixtures and fittings £ | Office equipment £ | Motor vehicles £ | Other tangible assets £ | Total £
Cost or valuation
At 1 October 2023 | 83,681 | 110,849 | 127,397 | 62,251 | 17,110 | 401,288
Additions | - | 5,640 | 53,117 | - | 13,188 | 71,945
At 31 December 2024 | 83,681 | 116,489 | 180,514 | 62,251 | 30,298 | 473,233
Depreciation
At 1 October 2023 | 26,903 | 58,806 | 55,899 | 40,094 | 5,944 | 187,646
Charge for the period | 10,460 | 13,881 | 52,695 | 6,924 | 2,065 | 86,025
At 31 December 2024 | 37,363 | 72,687 | 108,594 | 47,018 | 8,009 | 273,671
Carrying amount
At 31 December 2024 | 46,318 | 43,802 | 71,920 | 15,233 | 22,289 | 199,562
At 30 September 2023 | 56,778 | 52,043 | 71,498 | 22,157 | 11,166 | 213,642

YB Communications Limited

Notes to the Unaudited Financial Statements for the Period from 1 October 2023 to 31 December 2024

6 | Investments

| 2024 £ | 2023 £
Investments in subsidiaries | 2 | 1,002

Subsidiaries | £
Cost or valuation
At 1 October 2023 | 1,002
Additions | 2
Disposals | (1,002)
At 31 December 2024 | 2
Provision
Carrying amount
At 31 December 2024 | 2
At 30 September 2023 | 1,002

7 | Stocks

| 2024 £ | 2023 £
Other inventories | 10,000 | 21,500

8 | Debtors

Current | Note | 2024 £ | 2023 £
Trade debtors |  | 87,598 | 60,777
Amounts owed by related parties | 11 | 68,240 | 80,043
Other debtors |  | 107 | 31,842
|  | 155,945 | 172,662

YB Communications Limited

Notes to the Unaudited Financial Statements for the Period from 1 October 2023 to 31 December 2024

9 | Creditors

Creditors: amounts falling due within one year

| Note | 2024 £ | 2023 £
Due within one year |  |  |
Loans and borrowings | 10 | 125,293 | 133,898
Trade creditors |  | 162,323 | 95,903
Amounts owed to group undertakings and undertakings in which the company has a participating interest | 11 | 20,116 | 16,913
Taxation and social security |  | 140,936 | 41,306
Accruals and deferred income |  | 9,504 | 11,730
Other creditors |  | 2,209 | 1,846
|  | 460,381 | 301,596

Creditors: amounts falling due after more than one year

| Note | 2024 £ | 2023 £
Due after one year |  |  |
Loans and borrowings | 10 | 26,660 | 221,574

10 | Loans and borrowings

Non-current loans and borrowings

| 2024 £ | 2023 £
Bank borrowings | 26,660 | 221,574

Current loans and borrowings

| 2024 £ | 2023 £
Other borrowings | 125,293 | 133,898

YB Communications Limited

Notes to the Unaudited Financial Statements for the Period from 1 October 2023 to 31 December 2024

11 | Related party transactions

Director's remuneration

The director's remuneration for the period was as follows:

| 2024 £ | 2023 £
Remuneration | 5,417 | -