Yet2.Com Europe Limited - Accounts to registrar (filleted)

YET2.COM EUROPE LIMITED

Unaudited Financial Statements

for the Year Ended 31st December 2024

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

T Bernstein

REGISTERED OFFICE:

Ingenuity Centre

University of Nottingham Innovation Park

Triumph Road

Nottingham

NG7 2TU

REGISTERED NUMBER:

04047321 (England and Wales)

ACCOUNTANTS:

DJH Wirral & Chester Limited

1 Abbots Quay

Monks Ferry

Birkenhead

CH41 5LH

FIXED ASSETS

Tangible assets

4

-

11

CURRENT ASSETS

Debtors

5

1,627,194

1,327,903

Cash at bank

80,858

248,413

1,708,052

1,576,316

CREDITORS

Amounts falling due within one year

6

507,939

322,573

NET CURRENT ASSETS

1,200,113

1,253,743

TOTAL ASSETS LESS CURRENT LIABILITIES

1,200,113

1,253,754

CAPITAL AND RESERVES

Called up share capital

1

Retained earnings

1,200,112

1,253,753

SHAREHOLDERS' FUNDS

1,200,113

1,253,754

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 25th September 2025 and were signed by:

T Bernstein - Director

1.	STATUTORY INFORMATION

Yet2.Com Europe 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.

Significant judgements and estimates

Preparation of the financial statements requires management to make significant judgements and estimates. The areas in the financial statements where these judgements and estimates have been made include:

The useful lives of property, plant and equipment which are estimated based on the period over which the assets are expected to be available for use. The estimated useful lives are reviewed periodically and are updated if expectations differ from previous estimates due to physical wear and tear, technical or commercial obsolescence and legal or other limits on the use of the relevant assets.

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

-

33% on cost

Fixtures and fittings

-

20% on cost

Financial instruments

Debtors, creditors, and inter company loans (being repayable on demand) are measured at the undiscounted amount of cash or other consideration expected to be paid or received.

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.

Foreign currencies

Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2023 - 11 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

machinery

fittings

Totals

£

COST

At 1st January 2024

and 31st December 2024

31,860

1,674

33,534

DEPRECIATION

At 1st January 2024

31,849

1,674

33,523

Charge for year

11

-

11

At 31st December 2024

31,860

1,674

33,534

NET BOOK VALUE

At 31st December 2024

-

At 31st December 2023

11

-

11

5.

DEBTORS

2024

2023

£

Amounts falling due within one year:

Trade debtors

392,064

204,340

Other debtors

2,960

395,024

207,300

2024

2023

£

Amounts falling due after more than one year:

Amounts owed by group undertakings

1,232,170

1,120,603

Aggregate amounts

1,627,194

1,327,903

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

Trade creditors

3,558

3,099

Taxation and social security

71,710

62,179

Other creditors

432,671

257,295

507,939

322,573

7.	RELATED PARTY DISCLOSURES

As a wholly owned subsidiary of Yet2.com inc, the company has taken advantage of the exemption allowed by Financial Reporting Standard 8, "Related Party Transactions", not to disclose any intercompany transactions with other members of the group.