YEN SUSHI LIMITED - Accounts

YEN SUSHI LIMITED - Accounts

YEN SUSHI LTD. - Company Information

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Registered Number: 05572765


 

 

 

YEN SUSHI LIMITED


Abridged Accounts
 


Period of accounts

Start date: 01 September 2017

End date: 31 August 2018

YEN SUSHI LIMITED
Contents Page
For the year ended 31 August 2018
Accountant’s report
You consider that the company is exempt from an audit for the year ended 31 August 2018 . You have acknowledged, on the balance sheet, your responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These responsibilities include preparing accounts that give a true and fair view of the state of affairs of the company at the end of the financial year and of its profit or loss for the financial year.
In accordance with your instructions, we have prepared the accounts which comprise the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the accounting records of the company and on the basis of information and explanations you have given to us.
We have not carried out an audit or any other review, and consequently we do not express any opinion on these accounts.
McMillan Woods LLP
31 August 2018



....................................................
McMillan Woods LLP
Chartered Certified Accountants
International House
Cray Avenue, Orpington
BR5 3RS
30 May 2019
1
 
 		 Notes
 		 2018
£		   2017
£
Fixed assets      
Tangible fixed assets 2 132,793    153,724 
132,793    153,724 
Current assets      
Stocks 5,139    5,382 
Debtors: amounts falling due within one year 9,700    27,641 
Debtors: amounts falling due after one year 30,000    30,000 
Cash at bank and in hand 1,478    1,258 
46,317    64,281 
Creditors: amount falling due within one year (57,260)   (25,659)
Net current assets (10,943)   38,622 
 
Total assets less current liabilities 121,850    192,346 
Creditors: amount falling due after more than one year -    (24,426)
Net assets 121,850    167,920 
 

Capital and reserves 		     
Called up share capital 3 100,000    100,000 
Profit and loss account 21,850    67,920 
Shareholders funds 121,850    167,920 
 


For the year ended 31 August 2018 the company was entitled to exemption from audit under section 477 of the companies act 2006 relating to small companies.

Directors' Responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476
  2. The directors acknowledge their responsibilities for complying with the requirements of the companies act 2006 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 Part 15 of the Companies Act 2006. In accordance with section 444 of the Companies Act 2006, the income statement has not been delivered to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
Signed on behalf of the board of directors


--------------------------------
Hae Young Yoon
Director

Date approved by the board: 30 May 2019
2
General Information
YEN SUSHI LIMITED is a private company, limited by shares, registered in , registration number 05572765, registration address Unit 2A, 75 King William Street, London, London, EC4N 7BE.
1.

Accounting Policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared on the going concern basis and under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Tangible fixed assets
Tangible fixed assets, other than freehold land, 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:
Fixtures and Fittings 25% Reducing Balance
Motor Vehicles 25% Reducing Balance
Plant and Machinery 25% Reducing Balance
Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
2.

Tangible fixed assets

Cost Land and Buildings   Plant and Machinery   Motor Vehicles   Fixtures and Fittings   Total
  £   £   £   £   £
At 01 September 2017 70,000    105,431    86,373    96,296    358,100 
Additions -    -    -    -    - 
Disposals -    -    -    -    - 
At 31 August 2018 70,000    105,431    86,373    96,296    358,100 
Depreciation
At 01 September 2017 -    88,519    57,448    58,409    204,376 
Charge for year -    4,228    7,231    9,472    20,931 
On disposals -    -    -    -    - 
At 31 August 2018 -    92,747    64,679    67,881    225,307 
Net book values
Closing balance as at 31 August 2018 70,000    12,684    21,694    28,415    132,793 
Opening balance as at 01 September 2017 70,000    16,912    28,925    37,887    153,724 


3.

Share Capital

Allotted
2018
£		   2017
£
100,000 Class A shares of £1.00 each 100,000    100,000 
100,000    100,000 

3