Registration number: 10580950

Yau Ley Limited

Contents

Company Information	1
Directors' Report	2
Abridged Balance Sheet	3 to 4
Notes to the Unaudited Abridged Financial Statements	5 to 7

Yau Ley Limited

Company Information

Directors

G D Hughes S C H Hughes

Company secretary

G A Jacobs

Registered office

Suite 1B1 Argyle House Northside Joel Street Northwood Hills HA6 1NW

Yau Ley Limited

Directors' Report for the Year Ended 31 January 2025

The directors present their report and the abridged financial statements for the year ended 31 January 2025.

Directors of the company

The directors who held office during the year were as follows:

G D Hughes

S C H Hughes

Going concern

In the opinion of the director, the company is a going concern and will financially support the company for at least twelve months from the date of approving the accounts.

Small companies provision statement

This report has 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.

Approved by the Board on 31 October 2025 and signed on its behalf by:

......................................... G D Hughes Director

Yau Ley Limited

(Registration number: 10580950)
Abridged Balance Sheet as at 31 January 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	3	2,035,444	2,027,154
Current assets
Stocks		10,000	8,500
Debtors		272,221	269,986
Cash at bank and in hand		24,646	109,232
		306,867	387,718
Creditors: Amounts falling due within one year		(665,120)	(686,234)
Net current liabilities		(358,253)	(298,516)
Total assets less current liabilities		1,677,191	1,728,638
Creditors: Amounts falling due after more than one year		(1,917,265)	(1,932,804)
Net liabilities		(240,074)	(204,166)
Capital and reserves
Called up share capital		2,000	2,000
Revaluation reserve		275,113	275,113
Retained earnings		(517,187)	(481,279)
Shareholders' deficit		(240,074)	(204,166)

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

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their 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 provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

All of the company’s members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

Yau Ley Limited

(Registration number: 10580950)
Abridged Balance Sheet as at 31 January 2025

Approved and authorised by the Board on 31 October 2025 and signed on its behalf by:
 

......................................... G D Hughes Director

Yau Ley Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 January 2025

1	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 abridged 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 abridged 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.

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.

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
Leasehold improvements	Straight line over 15 years
Fixtures and fittings	20% reducing balance basis
Plant and machinery	20% reducing balance basis
Office equipment	20% straight line basis
Motor vehicles	20% reducing balance basis

Yau Ley Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 January 2025

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.

2	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 40 (2024 - 35).

3	Tangible assets

	Land and buildings £	Long leasehold land and buildings £	Fixtures and fittings £	Plant and machinery £	Office equipment £
Cost or valuation
At 1 February 2024	1,141,194	1,091,718	180,160	118,353	30,562
Additions	49,651	607	9,141	68,264	2,936
At 31 January 2025	1,190,845	1,092,325	189,301	186,617	33,498
Depreciation
At 1 February 2024	-	332,817	112,632	75,151	22,566
Charge for the year	-	72,822	15,332	22,288	3,534
At 31 January 2025	-	405,639	127,964	97,439	26,100
Carrying amount
At 31 January 2025	1,190,845	686,686	61,337	89,178	7,398
At 31 January 2024	1,141,194	758,901	67,528	43,202	7,996

Yau Ley Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 January 2025

	Motor vehicles  £	Total £
Cost or valuation
At 1 February 2024	21,036	2,583,023
Additions	-	130,599
At 31 January 2025	21,036	2,713,622
Depreciation
At 1 February 2024	12,703	555,869
Charge for the year	8,333	122,309
At 31 January 2025	21,036	678,178
Carrying amount
At 31 January 2025	-	2,035,444
At 31 January 2024	8,333	2,027,154

Included within the net book value of land and buildings above is £1,190,845 (2024 - £1,141,194) in respect of freehold land and buildings and £686,686 (2024 - £758,901) in respect of long leasehold land and buildings.
 

4

Creditors

5	Share capital

Allotted, called up and fully paid shares

	2025		2024
	No.	£	No.	£
Ordinary of £1 each	2,000	2,000	2,000	2,000