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Registered Number: 11762026
England and Wales

 

 

 

YPG ASSOCIATES LTD



Unaudited Financial Statements
 


Period of accounts

Start date: 01 February 2024

End date: 31 January 2025

YPG ASSOCIATES LTD
Contents Page
For the year ended 31 January 2025
Director Chanelle Kirkum
Registered Number 11762026
Registered Office 33 Quarry Road
Swindon
SN1 4EN
Accountants Cypher
Monkswell
Little Baldon
Oxford
OX44 9PU
1
 
 		 Notes
 		 2025
£		   2024
£
Fixed assets      
Intangible fixed assets 3 1,685    2,948 
Tangible fixed assets 4 1,122    2,216 
2,807    5,164 
Current assets      
Debtors 5 7,048    26,793 
Cash at bank and in hand 58,936    76,452 
65,984    103,245 
Creditors: amount falling due within one year 6 (18,272)   (40,543)
Net current assets 47,712    62,702 
 
Total assets less current liabilities 50,519    67,866 
Creditors: amount falling due after more than one year 7 (15,253)   (20,612)
Provisions for liabilities 8 (213)   (476)
Net assets 35,053    46,778 
 

Capital and reserves 		     
Called up share capital 9 100    100 
Profit and loss account 34,953    46,678 
Shareholders' funds 35,053    46,778 
 


For the year ended 31 January 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 to the Registrar of Companies.
The financial statements were approved by the director on 18 August 2025 and were signed by:


-------------------------------
Chanelle Kirkum
Director
2
General Information
YPG ASSOCIATES LTD is a private company, limited by shares, registered in England and Wales, registration number 11762026, registration address 33 Quarry Road, Swindon, SN1 4EN.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard)
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date 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.
Current and deferred tax assets and liabilities are not discounted.
Dividends
Proposed dividends are only included as liabilities in the statement of financial position when their payment has been approved by the shareholders prior to the statement of financial position date.
Intangible assets
Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable. Website costs are amortised on a straight line basis over 5 years, the expected useful economic life of the current website.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Computer Equipment 3 Straight Line
Fixtures and Fittings 5 Straight Line
Office Equipment 5 Straight Line
Assets on finance lease and hire purchase
Assets held under finance lease or hire purchase contracts i.e. those contracts where substantially all the risks and rewards of ownership have passed to the company, are included in the appropriate category of tangible fixed assets and depreciated over the shorter of the lease term and their estimated expected useful lives.
Future obligations under such contracts are included in creditors net of the finance charge allocated to future periods.
Fixed asset investments
Fixed asset investments are stated at cost less provision for any permanent diminution in value.
Provisions
Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.
2.

Average number of employees

Average number of employees during the year was 2 (2024 : 3).
3.

Intangible fixed assets

Cost Website Development   Total
  £   £
At 01 February 2024 6,313    6,313 
Additions -    - 
Disposals -    - 
At 31 January 2025 6,313    6,313 
Amortisation
At 01 February 2024 3,365    3,365 
Charge for year 1,263    1,263 
On disposals -    - 
At 31 January 2025 4,628    4,628 
Net book values
At 31 January 2025 1,685    1,685 
At 31 January 2024 2,948    2,948 


4.

Tangible fixed assets

Cost or valuation Computer Equipment   Fixtures and Fittings   Office Equipment   Total
  £   £   £   £
At 01 February 2024 911    1,350    3,924    6,185 
Additions -    -    999    999 
Disposals -    -    -    - 
At 31 January 2025 911    1,350    4,923    7,184 
Depreciation
At 01 February 2024 443    640    2,886    3,969 
Charge for year 182    270    1,641    2,093 
On disposals -    -    -    - 
At 31 January 2025 625    910    4,527    6,062 
Net book values
Closing balance as at 31 January 2025 286    440    396    1,122 
Opening balance as at 01 February 2024 468    710    1,038    2,216 


5.

Debtors: amounts falling due within one year

2025
£		   2024
£
Trade Debtors 6,520    26,793 
Accrued Income 528    - 
7,048    26,793 

6.

Creditors: amount falling due within one year

2025
£		   2024
£
Trade Creditors -    4,100 
Bank Loans & Overdrafts 6,736    6,871 
Corporation Tax 3,824    3,755 
PAYE & Social Security 353    1,736 
Directors' Current Accounts 326    9,842 
VAT 7,033    14,239 
18,272    40,543 

7.

Creditors: amount falling due after more than one year

2025
£		   2024
£
Bank Loans & Overdrafts 15,252    20,611 
Other Creditors 1    1 
15,253    20,612 

8.

Provisions for liabilities

2025
£		   2024
£
Deferred Tax 421    492 
Charged to Profit & Loss (208)   (71)
Pension Provisions -    55 
213    476 

9.

Share Capital

Allotted, called up and fully paid
2025
£		   2024
£
100 Class A shares of £1.00 each 100    100 
100    100 

3