YU PARFUMS LTD

YU PARFUMS LTD

YU PARFUMS LTD - Company Information

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YU PARFUMS LTD

Company Registration Number:
11311898 (England and Wales)

Unaudited abridged accounts for the year ended 30 April 2019

Period of accounts

Start date: 16 April 2018

End date: 30 April 2019

YU PARFUMS LTD

Contents of the Financial Statements

for the Period Ended 30 April 2019

Balance sheet
Notes

YU PARFUMS LTD

Balance sheet

As at 30 April 2019


Notes
2019


£
Fixed assets
Tangible assets: 3 8,796
Total fixed assets: 8,796
Current assets
Debtors:   4,158
Cash at bank and in hand: 343,251
Total current assets: 347,409
Creditors: amounts falling due within one year: 4 (25,025)
Net current assets (liabilities): 322,384
Total assets less current liabilities: 331,180
Creditors: amounts falling due after more than one year: 5 (390,000)
Total net assets (liabilities): (58,820)
Capital and reserves
Called up share capital: 10,000
Profit and loss account: (68,820)
Shareholders funds: (58,820)

The notes form part of these financial statements

YU PARFUMS LTD

Balance sheet statements

For the year ending 30 April 2019 the company was entitled to exemption 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 16 January 2020
and signed on behalf of the board by:

Name: Sanjay Vadera
Status: Director

The notes form part of these financial statements

YU PARFUMS LTD

Notes to the Financial Statements

for the Period Ended 30 April 2019

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Tangible fixed assets and depreciation policy

Tangible fixed assets under the cost model are stated at historical cost less accumulateddepreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by managementDepreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Other accounting policies

Debtors - Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.Cash - Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.Financial Instruments - Financial liabilities and equity are classified according to the substance of the financial instrument’s contractual obligations, rather than its legal form.The Company’s cash at bank and in hand, other debtors and its other creditors are measured initially at the transaction price, including transaction costs, and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year are measured at the undiscounted amount of the cash or other consideration expected to be paid or received.Creditors - Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.Judgements - The Directors have made no significant judgements in preparing these financial statements.

YU PARFUMS LTD

Notes to the Financial Statements

for the Period Ended 30 April 2019

2. Employees

2019
Average number of employees during the period 1

YU PARFUMS LTD

Notes to the Financial Statements

for the Period Ended 30 April 2019

3. Tangible Assets

Total
Cost £
Additions 8,796
At 30 April 2019 8,796
Net book value
At 30 April 2019 8,796

YU PARFUMS LTD

Notes to the Financial Statements

for the Period Ended 30 April 2019

4. Creditors: amounts falling due within one year note

Other creditors £25,025

YU PARFUMS LTD

Notes to the Financial Statements

for the Period Ended 30 April 2019

5. Creditors: amounts falling due after more than one year note

Long Term Loan £390,000