Company Registration No. 03857228 (England and Wales)
Y & L COMPANY LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2025
PAGES FOR FILING WITH REGISTRAR
Y & L COMPANY LIMITED
COMPANY INFORMATION
Director
Ms W Yuan
Secretary
Mr D I Wicks
Company number
03857228
Registered office
5 Brunel Way
Stroudwater Business Park
Stonehouse
Gloucester
GL10 3SX
Accountants
Apsleys Chartered Accountants
21 Bampton Street
Tiverton
Devon
EX16 6AA
Y & L COMPANY LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 7
Y & L COMPANY LIMITED
BALANCE SHEET
AS AT
28 FEBRUARY 2025
28 February 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
3
24,426
30,920
Investments
4
-
0
408,921
24,426
439,841
Current assets
Stocks
336,823
386,968
Debtors
5
1,659,782
502,284
Cash at bank and in hand
491,790
799,786
2,488,395
1,689,038
Creditors: amounts falling due within one year
6
(725,936)
(453,255)
Net current assets
1,762,459
1,235,783
Total assets less current liabilities
1,786,885
1,675,624
Provisions for liabilities
(6,107)
(7,730)
Net assets
1,780,778
1,667,894
Capital and reserves
Called up share capital
7
100
100
Other reserves
6,752
6,752
Profit and loss reserves
1,773,926
1,661,042
Total equity
1,780,778
1,667,894

The director of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 28 February 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and signed by the director and authorised for issue on 4 November 2025
Ms W Yuan
Y & L COMPANY LIMITED
BALANCE SHEET (CONTINUED)
AS AT
28 FEBRUARY 2025
28 February 2025
- 2 -
Director
Company Registration No. 03857228
Y & L COMPANY LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2025
- 3 -
1
Accounting policies
Company information

Y & L Company Limited is a private company limited by shares incorporated in England and Wales within the United Kingdom.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

1.2
Turnover

Turnover represents the total invoice value, excluding value added tax, of sales made during the year.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cos t, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost of assets less their residual values over their useful lives on the following bases:

Land and buildings Freehold
Straight line over 10 years
Plant and machinery
15% Reducing balance
Fixtures, fittings & equipment
15% Reducing balance
Computer equipment
3 Years straight line
Motor vehicles
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.

1.4
Stocks

Stocks are stated at the lower of cost and net realisable value.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

Y & L COMPANY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 28 FEBRUARY 2025
1
Accounting policies
(Continued)
- 4 -
1.5
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts.

1.6
Financial instruments

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

1.7
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred taxation is provided on the liability method to take account of timing differences between the treatment of certain items for accounts purposes and their treatment for tax purposes.

1.8
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

1.9
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.10
Government grants
2
Employees

The average monthly number of persons (including directors) employed by the company during the year was 7 (2024 - 7).

Y & L COMPANY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 28 FEBRUARY 2025
- 5 -
3
Tangible fixed assets
Land and buildings Freehold
Plant and machinery
Fixtures, fittings & equipment
Computer equipment
Motor vehicles
Total
£
£
£
£
£
£
Cost
At 1 March 2024
4,037
5,569
77,958
34,640
50,545
172,749
Additions
-
0
-
0
1,720
-
0
-
0
1,720
At 28 February 2025
4,037
5,569
79,678
34,640
50,545
174,469
Depreciation and impairment
At 1 March 2024
4,037
5,317
65,502
32,421
34,552
141,829
Depreciation charged in the year
-
0
39
2,125
2,052
3,998
8,214
At 28 February 2025
4,037
5,356
67,627
34,473
38,550
150,043
Carrying amount
At 28 February 2025
-
0
213
12,051
167
11,995
24,426
At 29 February 2024
-
0
252
12,456
2,219
15,993
30,920
Y & L COMPANY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 28 FEBRUARY 2025
- 6 -
4
Fixed asset investments
2025
2024
£
£
Investments
-
408,921

Investments are recognised at fair value which represents market value.

Movements in fixed asset investments
Investments other than loans
£
Cost or valuation
At 1 March 2024
408,921
Additions
13,987
Valuation changes
6,554
Disposals
(429,462)
At 28 February 2025
-
Carrying amount
At 28 February 2025
-
At 29 February 2024
408,921
5
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
23,882
126,431
Other debtors
1,633,771
359,710
Prepayments and accrued income
2,129
16,143
1,659,782
502,284
6
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
534,655
288,410
Corporation tax
56,382
39,856
Other taxation and social security
109,427
119,966
Other creditors
20,313
300
Accruals and deferred income
5,159
4,723
725,936
453,255
Y & L COMPANY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 28 FEBRUARY 2025
- 7 -
7
Called up share capital
2025
2024
£
£
Ordinary share capital
Issued and fully paid
100 Ordinary shares of £1 each
100
100
8
Directors' transactions
Description
% Rate
Opening balance
Amounts repaid
Closing balance
£
£
£
Ms W Yuan -
-
20,044
(20,044)
-
20,044
(20,044)
-
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