YZ Homes Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 07226190 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 April 2019

for

YZ Homes Limited

Page

Company Information

1

Abridged Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTOR:

Mr Y Zubaidy

REGISTERED OFFICE:

No.2 Lawrence Avenue

New Malden

Surrey

KT3 5LY

REGISTERED NUMBER:

07226190 (England and Wales)

ACCOUNTANTS:

Williams Chartered Accountants

Jade House

67 Park Royal Road

London

NW10 7JJ

FIXED ASSETS

Tangible assets

4

34,838

15,581

CURRENT ASSETS

Stocks

22,500

45,800

Debtors

42,742

50,906

Cash at bank and in hand

9,896

22,898

75,138

119,604

CREDITORS

Amounts falling due within one year

87,553

107,740

NET CURRENT (LIABILITIES)/ASSETS

(12,415

)

11,864

TOTAL ASSETS LESS CURRENT LIABILITIES

22,423

27,445

CREDITORS

Amounts falling due after more than one year

-

(2,040

)

PROVISIONS FOR LIABILITIES

(4,102

)

-

NET ASSETS

18,321

25,405

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

5

18,320

25,404

SHAREHOLDERS' FUNDS

18,321

25,405

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2019 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Statement of Financial Position for the year ended 30 April 2019 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the director on 31 January 2020 and were signed by:

Mr Y Zubaidy - Director

1.	STATUTORY INFORMATION

YZ Homes Limited is a private company, limited by shares , registered in England and Wales. The company's

registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

15% on reducing balance

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in

bringing stocks to their present location and condition.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Comprehensive

Income, except to the extent that it relates to items recognised in other comprehensive income or directly in

equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or

substantively enacted by the statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the

statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from

those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that

have been enacted or substantively enacted by the year end and 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the

lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2018 - 8 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 May 2018

24,356

Additions

25,400

At 30 April 2019

49,756

DEPRECIATION

At 1 May 2018

8,775

Charge for year

6,143

At 30 April 2019

14,918

NET BOOK VALUE

At 30 April 2019

34,838

At 30 April 2018

15,581

5.

RESERVES

Retained

earnings

£

At 1 May 2018

25,404

Deficit for the year

(2,084

)

Dividends

(5,000

)

At 30 April 2019

18,320

6.	RELATED PARTY DISCLOSURES

During the year, a loan of £14,500 was made to HD Contractors Ltd, a company in which the ultimate controlling

party is a close family member of director and ultimate controlling party of YZ Homes Ltd. The loan is interest

free and repayable on demand.

7.	ULTIMATE CONTROLLING PARTY