General Information
Yellowtail Enterprises Limited is a private company, limited by shares, registered in England and Wales, registration number 10572012, registration address 18 Newalls Rise, Wargrave, Berkshire, RG10 8AY.
The presentation currency is £ sterling.
| 1. |
Accounting policies
Significant accounting policies
The accounts have been prepared under the historical cost convention, as modified by the revaluation of fixed asset investments, and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard).
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Foreign currencies
The company's functional and presentational currency is pounds sterling. Transactions in foreign currencies are translated at the rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated at the rate ruling at the reporting date. Exchange differences are recognised in the income statement.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date 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.
Current and deferred tax assets and liabilities are not discounted.
Dividends
Proposed dividends are only included as liabilities in the statement of financial position when their payment has been approved by the shareholders prior to the statement of financial position date.
Tangible fixed assets
Tangible fixed assets are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
| Computer Equipment |
33% Straight Line
|
| Fixtures and Fittings |
20% Straight Line
|
Fixed asset investments
Investments in shares whose fair value can be measured reliably are measured at fair value, with changes in fair value recognised in profit or loss. Other investments are measured at cost less impairment.
Provisions
Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.
|
| 2. |
Average number of employees Average number of employees during the period was 2 (2025 : 2). |
| 3. |
Tangible fixed assets
| Cost or valuation |
Fixtures and Fittings |
|
Computer Equipment |
|
Total |
| |
£ |
|
£ |
|
£ |
| At 01 February 2025 |
4,488 |
|
3,429 |
|
7,917 |
| Additions |
- |
|
- |
|
- |
| Disposals |
- |
|
- |
|
- |
| At 31 January 2026 |
4,488 |
|
3,429 |
|
7,917 |
| Depreciation |
| At 01 February 2025 |
3,590 |
|
1,824 |
|
5,414 |
| Charge for year |
898 |
|
1,020 |
|
1,918 |
| On disposals |
- |
|
- |
|
- |
| At 31 January 2026 |
4,488 |
|
2,844 |
|
7,332 |
| Net book values |
| Closing balance as at 31 January 2026 |
- |
|
585 |
|
585 |
| Opening balance as at 01 February 2025 |
898 |
|
1,605 |
|
2,503 |
|
| 4. |
Share Capital
Allotted, called up and fully paid
|
2026
£ |
|
2025
£ |
|
100
Ordinary shares of £0.01 each |
1 |
|
1 |
|
1 |
|
1 |
|
| 5. |
Advances and Credits
Directors Current Accounts - B Rimmer Interest was charged on the loan at the HMRC official rate of 3.75%. The loan is unsecured and repayable on demand. The debit balance was repaid on 28/10/2026. | Brought Forward
£ | Amount
£ | Interest
£ | Repaid
£ | Written Off
£ | Waived
£ | Carry Forward
£ |
|---|
| Directors Current Accounts - B Rimmer | (18,689) | | 30,385 | | 178 | | 647 | | 0 | | 0 | | 11,227 | | (18,689) | | 30,385 | | 178 | | 647 | | 0 | | 0 | | 11,227 |
| Brought Forward
£ | Amount
£ | Interest
£ | Repaid
£ | Written Off
£ | Waived
£ | Carry Forward
£ |
|---|
| Directors Current Accounts - B Rimmer | (18,689) | | 0 | | 0 | | 0 | | 0 | | 0 | | (18,689) | | (18,689) | | 0 | | 0 | | 0 | | 0 | | 0 | | (18,689) |
|
3
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