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Registered number: 11047183
Yugen Limited
Unaudited Financial Statements
For The Year Ended 31 August 2025
TaxAssist Accountants (Poole)
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 11047183
2025 2024
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 700 800
Tangible Assets 5 2,976 2,234
3,676 3,034
CURRENT ASSETS
Debtors 6 94,323 108,696
Cash at bank and in hand 20,290 15,533
114,613 124,229
Creditors: Amounts Falling Due Within One Year 7 (51,539 ) (51,049 )
NET CURRENT ASSETS (LIABILITIES) 63,074 73,180
TOTAL ASSETS LESS CURRENT LIABILITIES 66,750 76,214
PROVISIONS FOR LIABILITIES
Deferred Taxation (744 ) (424 )
NET ASSETS 66,006 75,790
CAPITAL AND RESERVES
Called up share capital 8 1 1
Profit and Loss Account 66,005 75,789
SHAREHOLDERS' FUNDS 66,006 75,790
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Page 2
For the year ending 31 August 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Ms Alexandra Hodge
Director
02/12/2025
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Yugen Limited is a private company, limited by shares, incorporated in England & Wales, registered number 11047183 . The registered office is 319 Ashley Road, Poole, Dorset, BH14 0AP.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Intangible Fixed Assets and Amortisation - Intellectual Property
Intellectual property assets are copywrite for new website amortised profit and loss account over its estimated economic life of 10 years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 20% SL
Fixtures & Fittings 33.33% SL
Computer Equipment 33.33% SL
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and 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 end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
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3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2024: 1)
1 1
4. Intangible Assets
Intellectual Property
£
Cost
As at 1 September 2024 1,000
As at 31 August 2025 1,000
Amortisation
As at 1 September 2024 200
Provided during the period 100
As at 31 August 2025 300
Net Book Value
As at 31 August 2025 700
As at 1 September 2024 800
5. Tangible Assets
Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 September 2024 1,402 980 9,795 12,177
Additions - 308 3,219 3,527
Disposals - - (999 ) (999 )
As at 31 August 2025 1,402 1,288 12,015 14,705
Depreciation
As at 1 September 2024 1,402 692 7,849 9,943
Provided during the period - 391 2,394 2,785
Disposals - - (999 ) (999 )
As at 31 August 2025 1,402 1,083 9,244 11,729
Net Book Value
As at 31 August 2025 - 205 2,771 2,976
As at 1 September 2024 - 288 1,946 2,234
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6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 7,860 24,833
Prepayments and accrued income 1,483 870
Corporation tax recoverable assets 3,807 3,807
Director's loan account 81,173 79,186
94,323 108,696
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 17,493 6,028
Corporation tax 19,541 23,312
Other taxes and social security 18 -
VAT 13,312 20,609
Accruals and deferred income 1,175 1,100
51,539 51,049
8. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 1 1
9. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 September 2024 Amounts advanced Amounts repaid Amounts written off As at 31 August 2025
£ £ £ £ £
Ms Alexandra Hodge 79,186 81,173 79,186 - 81,173
The above loan is unsecured, interest free and repayable on demand.
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