REGISTERED NUMBER: 04867040 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

YO.YO. CLOTHING DESIGNS LIMITED

Page

Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Tangible assets

4

24,572

23,160

CURRENT ASSETS

Stocks

10,000

20,000

Debtors

5

24,555

27,445

Cash at bank

50,800

52,465

85,355

99,910

CREDITORS

Amounts falling due within one year

6

59,145

59,964

NET CURRENT ASSETS

26,210

39,946

TOTAL ASSETS LESS CURRENT LIABILITIES

50,782

63,106

CREDITORS

Amounts falling due after more than one year

7

(3,500

)

(15,061

)

PROVISIONS FOR LIABILITIES

(4,506

)

(4,202

)

NET ASSETS

42,776

43,843

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

42,676

43,743

SHAREHOLDERS' FUNDS

42,776

43,843

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.

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 Board of Directors and authorised for issue on 11 September 2025 and were signed on its behalf by:

I F Redfern - Director

1.	STATUTORY INFORMATION

Yo.Yo. Clothing Designs Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

04867040

Registered office:

The Old School

The Stennack

St Ives

Cornwall

TR26 1QU

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

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.

Plant and machinery etc

-

25% on reducing balance, 10% on reducing balance and at variable rates on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 - 6 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2024

81,518

Additions

5,653

Disposals

(7,246

)

At 31 December 2024

79,925

DEPRECIATION

At 1 January 2024

58,358

Charge for year

4,241

Eliminated on disposal

(7,246

)

At 31 December 2024

55,353

NET BOOK VALUE

At 31 December 2024

24,572

At 31 December 2023

23,160

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

22,811

16,867

Other debtors

1,744

10,578

24,555

27,445

The overdrawn directors current account was repaid within 9 months of the year end.

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

8,108

9,890

Trade creditors

20,985

15,928

Taxation and social security

15,700

19,795

Other creditors

14,352

14,351

59,145

59,964

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans

3,500

15,061

8.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr I Redfern and Mrs J Redfern the sole shareholders..