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Company Registration No. 11315822 (England and Wales)
Yingly Group UK Ltd Unaudited accounts for the year ended 30 April 2025
Yingly Group UK Ltd Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
- 2 -
Yingly Group UK Ltd Company Information for the year ended 30 April 2025
Director
Shuzhen Zhang
Company Number
11315822 (England and Wales)
Registered Office
15 Bridle Close Borehamwood Herts WD6 5QA United Kingdom
Accountants
Tax Return Accountants Ltd 26 Spinning Wheelway Hackbridge Wallington GB SM6 7DS
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Yingly Group UK Ltd Statement of financial position as at 30 April 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
36,727
47,661
Investments
5
10,000
-
46,727
47,661
Current assets
Debtors
6
64,000
64,000
Cash at bank and in hand
832,813
548,590
896,813
612,590
Creditors: amounts falling due within one year
7
(256,579)
(58,810)
Net current assets
640,234
553,780
Total assets less current liabilities
686,961
601,441
Creditors: amounts falling due after more than one year
8
(314,874)
(314,874)
Net assets
372,087
286,567
Capital and reserves
Called up share capital
1,000
1,000
Profit and loss account
371,087
285,567
Shareholders' funds
372,087
286,567
For the year ending 30 April 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 29 December 2025 and were signed on its behalf by
Shuzhen Zhang Director Company Registration No. 11315822
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Yingly Group UK Ltd Notes to the Accounts for the year ended 30 April 2025
1
Statutory information
Yingly Group UK Ltd is a private company, limited by shares, registered in England and Wales, registration number 11315822. The registered office is 15 Bridle Close, Borehamwood, Herts, WD6 5QA, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Going concern
These financial statements have been prepared on a going concern basis under the historical cost convention and in accordance with the Companies Act 2006. The director acknowledges the latest guidance on going concern. The director has a reasonable expectation that the Company has adequate resources to continue in operational excellence for a period of twelve months from the date of the approval of the financial statements and, therefore, she continues to adopt the going concern basis in preparing the annual financial statements.
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Yingly Group UK Ltd Notes to the Accounts for the year ended 30 April 2025
Current and Deferred taxation
The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively. The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income. Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the Statement of Financial Position date, except that: - The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and - Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met. Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
25%
Fixtures & fittings
20%
Computer equipment
20%
4
Tangible fixed assets
Motor vehicles
Fixtures & fittings
Computer equipment
Total
£
£
£
£
Cost or valuation
At cost
At cost
At cost
At 1 May 2024
66,427
21,149
3,398
90,974
At 30 April 2025
66,427
21,149
3,398
90,974
Depreciation
At 1 May 2024
38,403
4,230
680
43,313
Charge for the year
7,006
3,384
544
10,934
At 30 April 2025
45,409
7,614
1,224
54,247
Net book value
At 30 April 2025
21,018
13,535
2,174
36,727
At 30 April 2024
28,024
16,919
2,718
47,661
5
Investments
Other investments
£
Valuation at 1 May 2024
-
Additions
10,000
Valuation at 30 April 2025
10,000
- 6 -
Yingly Group UK Ltd Notes to the Accounts for the year ended 30 April 2025
6
Debtors
2025
2024
£
£
Amounts falling due after more than one year
Other debtors
64,000
64,000
7
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
62,000
2,000
Taxes and social security
27,928
33,715
Proposed dividends
500
-
Loans from directors
16,151
23,095
Accruals
150,000
-
256,579
58,810
8
Creditors: amounts falling due after more than one year
2025
2024
£
£
Other creditors
314,874
314,874
9
Average number of employees
During the year the average number of employees was 3 (2024: 2).
- 7 -