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REGISTERED NUMBER: 07515621 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2025

FOR

YS ASSOCIATES LONDON LIMITED
YS ASSOCIATES LONDON LIMITED (REGISTERED NUMBER: 07515621)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2025




Page

Statement of Financial Position 1

Notes to the Financial Statements 2


YS ASSOCIATES LONDON LIMITED (REGISTERED NUMBER: 07515621)

STATEMENT OF FINANCIAL POSITION
28 FEBRUARY 2025

2025 2024
as restated
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 47,120 66,037

CURRENT ASSETS
Inventories 19,095 19,095
Debtors 5 394,203 374,105
Cash at bank and in hand 97,496 159,878
510,794 553,078
CREDITORS
Amounts falling due within one year 6 513,800 492,887
NET CURRENT (LIABILITIES)/ASSETS (3,006 ) 60,191
TOTAL ASSETS LESS CURRENT
LIABILITIES
44,114
126,228

PROVISIONS FOR LIABILITIES 7 11,779 16,509
NET ASSETS 32,335 109,719

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 32,334 109,718
32,335 109,719

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2025 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 28 November 2025 and were signed by:





Mr Y Stavrou - Director


The notes form part of these financial statements

Page 1
YS ASSOCIATES LONDON LIMITED (REGISTERED NUMBER: 07515621)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2025

1. STATUTORY INFORMATION

YS Associates London Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 07515621

Registered office: 1 Kings Avenue
London
N21 3NA

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
In the application of the company's accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period or in the period of the revision and future periods where the revision affects both current and future periods.

There are significant judgements and estimates involved in the preparation of the financial statements.

Revenue
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax.

Revenue is recognised when services are rendered to the customers.

Property, plant and equipment
Property, plant and equipment are stated at cost less accumulated depreciation and accumulated impairment losses. Such cost includes costs directly attributable to making the assets capable of operating as intended.

The carrying value of tangible assets are reviewed for impairment when events or changes in circumstances indicate the carrying value may not be recoverable.

Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

Plant and machinery - 33% on reducing balance

The company has adopted the policy of not depreciating the assets in the first year, however full depreciation is provided in the year of disposal.

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

Inventories are measured at the lower of cost and estimated selling price less costs to complete and sell

Cost is determined using the first in first out method. The carrying amount of inventory sold is recognised as an expense in the period in which the related revenue is recognised

Page 2 continued...
YS ASSOCIATES LONDON LIMITED (REGISTERED NUMBER: 07515621)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2025

2. ACCOUNTING POLICIES - continued

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Cash and cash equivalent
Cash and cash equivalents in the statement of financial position comprise cash at banks and in hand, short term deposits with an original maturity date of one month. Cash equivalents are defined as short-term, highly liquid investments that are readily convertible to known amounts of cash and that are subject to an insignificant risk of changes in value.

Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss.

Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit and loss.

Transition to frs 102
The company transitioned to FRS 102 for the period ended 28 February 2025, applying the standard retrospectively from 01 March 2024. This transition has no impact on the financial statements of the company and hence, the reconciliation of equity and profit and loss is not considered necessary.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2024 - 3 ) .

Page 3 continued...
YS ASSOCIATES LONDON LIMITED (REGISTERED NUMBER: 07515621)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2025

4. PROPERTY, PLANT AND EQUIPMENT
Plant and
machinery
£   
COST
At 1 March 2024 113,361
Additions 2,874
At 28 February 2025 116,235
DEPRECIATION
At 1 March 2024 47,324
Charge for year 21,791
At 28 February 2025 69,115
NET BOOK VALUE
At 28 February 2025 47,120
At 29 February 2024 66,037

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
as restated
£    £   
Trade debtors 600 72,064
Amounts owed by group undertakings 1,026 1,026
Other debtors 392,577 301,015
394,203 374,105

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
as restated
£    £   
Trade creditors 76,938 139,156
Taxation and social security 107,707 100,342
Other creditors 329,155 253,389
513,800 492,887

7. PROVISIONS FOR LIABILITIES
2025 2024
as restated
£    £   
Deferred tax 11,779 16,509

Deferred
tax
£   
Balance at 1 March 2024 16,509
Credit to Income Statement during year (4,730 )
Balance at 28 February 2025 11,779

Page 4 continued...
YS ASSOCIATES LONDON LIMITED (REGISTERED NUMBER: 07515621)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2025

8. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Included in other debtors due within one year is an amount of £17,783 (2024 £Nil) due from a connected company with common control. The loan remains interest free and recoverable on demand.

Included in other creditors due within one year is an amount of £72,333 (2024 £7,337) due to the director of the company. The loan remains interest free and repayable on demand,

Page 5