Y3k (Europe) Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 03924841 (England and Wales)

Unaudited Financial Statements For The Year Ended 31 December 2024

for

Y3k (Europe) Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

P Singh

SECRETARY:

Mrs N Singh

REGISTERED OFFICE:

Airport House

265 Purley Way

Croydon

Surrey

CR0 0XZ

REGISTERED NUMBER:

03924841 (England and Wales)

ACCOUNTANTS:

Ashwells Associates Limited

Chartered Certified Accountants

54a Church Road

Ashford

Middlesex

TW15 2TS

FIXED ASSETS

Intangible assets

4

7,012

10,620

Tangible assets

5

23,022

28,778

30,034

39,398

CURRENT ASSETS

Stocks

670,563

626,513

Debtors

6

258,343

272,012

Cash at bank and in hand

47,020

124,650

975,926

1,023,175

CREDITORS

Amounts falling due within one year

7

191,000

176,819

NET CURRENT ASSETS

784,926

846,356

TOTAL ASSETS LESS CURRENT
LIABILITIES

814,960

885,754

CREDITORS

Amounts falling due after more than one
year

8

8,914

26,750

NET ASSETS

806,046

859,004

CAPITAL AND RESERVES

Called up share capital

1,000

Retained earnings

805,046

858,004

806,046

859,004

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 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 30 September 2025 and were signed by:

P Singh - Director

1.	STATUTORY INFORMATION

Y3k (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.

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.

Intangible assets

Intangible assets acquired separately from a business are recognized at cost and are subsequently measured at cost less accumulated amortization and accumulated impairment losses.

Intangible assets acquired on business combinations are recognized separately from goodwill at the acquisition date where it is probable that the expected future economic benefits that are attributable to the asset will flow to the entity and the fair value of the asset can be measured reliably.

Amortization is recognized so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Client list - 10 years

Website cost - 20% Straight line method

Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of

depreciation and any impairment losses.

Depreciation is recognized so as to write off the cost or valuation of assets less their residual values over their usefully on the following bases:

Fixtures, fittings & equipment - 25% Reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss .

Stocks

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

Financial instruments

The company only enters into basic financial instrument transactions that results in the recognition of financial asset and liability such as trade and other debtors and creditors, loan from bank and other third parties, loan to related parties and investments in non-puttable ordinary shares.

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

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.

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.

Leases

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed.

Going concern

At the time of approving the financial statements, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the director continues to adopt the going concern basis of accounting in preparing the financial statements.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2023 - 7 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 January 2024

and 31 December 2024

19,289

AMORTISATION

At 1 January 2024

8,669

Charge for year

3,608

At 31 December 2024

12,277

NET BOOK VALUE

At 31 December 2024

7,012

At 31 December 2023

10,620

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2024

and 31 December 2024

272,612

DEPRECIATION

At 1 January 2024

243,834

Charge for year

5,756

At 31 December 2024

249,590

NET BOOK VALUE

At 31 December 2024

23,022

At 31 December 2023

28,778

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/12/24

31/12/23

£

Trade debtors

27,203

34,193

Other debtors

231,140

237,819

258,343

272,012

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/12/24

31/12/23

£

Bank loans and overdrafts

17,827

17,817

Trade creditors

47,117

108,372

Taxation and social security

27,693

24,534

Other creditors

98,363

26,096

191,000

176,819

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

31/12/24

31/12/23

£

Bank loans

8,914

26,750