YPG ASSOCIATES LTD - Accounts

YPG ASSOCIATES LTD - Company Information

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Registered Number: 11762026

England and Wales

YPG ASSOCIATES LTD

Unaudited Amending Financial Statements

Period of accounts

Start date: 01 February 2021

End date: 31 January 2022

YPG ASSOCIATES LTD
Contents Page
For the year ended 31 January 2022

Company information	1
Accountants' report	2
Statement of financial position	3
Notes to the financial statements	4

YPG ASSOCIATES LTD
Company Information
For the year ended 31 January 2022

Director	Chanelle Kirkum
Registered Number	11762026
Registered Office	33 Deacon Street Swindon SN1 5NA
Accountants	Cypher Monkswell Little Baldon Oxford OX44 9PU

YPG ASSOCIATES LTD Accountants' Report For the year ended 31 January 2022
Report to the directors on the preparation of the unaudited statutory accounts of YPG ASSOCIATES LTD for the year ended 31 January 2022. In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of YPG ASSOCIATES LTD for the year ended 31 January 2022 which comprise of 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 companys accounting records and from information and explanations you have given us. As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://rulebook.accaglobal.com/. This report is made solely to the Board of Directors of YPG ASSOCIATES LTD, as a body, in accordance with the terms of our engagement letter dated 20 April 2022. Our work has been undertaken solely to prepare for your approval the accounts of YPG ASSOCIATES LTD and state those matters that we have agreed to state to the Board of Directors of YPG ASSOCIATES LTD, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than YPG ASSOCIATES LTD and its Board of Directors as a body for our work or for this report. It is your duty to ensure that YPG ASSOCIATES LTD has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of YPG ASSOCIATES LTD. You consider that YPG ASSOCIATES LTD is exempt from the statutory audit requirement for the year. We have not been instructed to carry out an audit or a review of the accounts of YPG ASSOCIATES LTD. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts. .................................................... Cypher Monkswell Little Baldon Oxford OX44 9PU 21 April 2022 2

YPG ASSOCIATES LTD
Accountants' Report
For the year ended 31 January 2022

Report to the directors on the preparation of the unaudited statutory accounts of YPG ASSOCIATES LTD for the year ended 31 January 2022.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of YPG ASSOCIATES LTD for the year ended 31 January 2022 which comprise of 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 companys accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at
http://rulebook.accaglobal.com/. This report is made solely to the Board of Directors of YPG ASSOCIATES LTD, as a body, in accordance with the terms of our engagement letter dated 20 April 2022. Our work has been undertaken solely to prepare for your approval the accounts of YPG ASSOCIATES LTD and state those matters that we have agreed to state to the Board of Directors of YPG ASSOCIATES LTD, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than YPG ASSOCIATES LTD and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that YPG ASSOCIATES LTD has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of YPG ASSOCIATES LTD. You consider that YPG ASSOCIATES LTD is exempt from the statutory audit requirement for the year. We have not been instructed to carry out an audit or a review of the accounts of YPG ASSOCIATES LTD. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

....................................................
Cypher
Monkswell
Little Baldon
Oxford
OX44 9PU
21 April 2022

YPG ASSOCIATES LTD
Statement of Financial Position
As at 31 January 2022

	Notes	2022 £	2021 £
Fixed assets
Intangible fixed assets	3	5,156	0
Tangible fixed assets	4	3,599	899
Investments	5	1	0
		8,756	899
Current assets
Debtors	6	22,800	6,800
Cash at bank and in hand		40,090	17,699
		62,890	24,499
Creditors: amount falling due within one year	7	(38,895)	(13,645)
Net current assets		23,995	10,854

Total assets less current liabilities		32,751	11,753
Creditors: amount falling due after more than one year	8	(5,638)	(8,519)
Provisions for liabilities	9	(696)	(171)
Net assets		26,417	3,063

Capital and reserves
Called up share capital		100	100
Profit and loss account		26,317	2,963
Shareholder's funds		26,417	3,063

For the year ended 31 January 2022 the company was entitled to exemption from audit under section 477 of the companies act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
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 financial statements 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 financial statements were approved by the director on 21 April 2022 and were signed by:

--------------------------------
Chanelle Kirkum
Director

YPG ASSOCIATES LTD
Notes to the Financial Statements
For the year ended 31 January 2022

General Information

YPG ASSOCIATES LTD is a private company, limited by shares, registered in England and Wales, registration number 11762026, registration address 33 Deacon Street, Swindon, SN1 5NA.

The presentation currency is £ sterling.

Accounting policies

Significant accounting policies

The accounts have been prepared under the historical cost convention 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)

Group accounts

The company is a parent company subject to the small companies regime. The company and its subsidiary comprise a small group. The company has, therefore, taken advantage of the option provided by section 398 of the Companies Act 2006 not to prepare group accounts.

Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Government grants

Government grants received are credited to deferred income. Grants towards capital expenditure are released to the income statement over the expected useful life of the assets. Grants received towards revenue expenditure are released to the income statement as the related expenditure is incurred.

Operating lease rentals

Rentals payable under operating leases are charged against income on a straight line basis over the lease term.

Research and development expenditure

Research and development expenditure is charged to the income statement in the period in which it is incurred.

Preference dividends

Where preference shares are classed as liabilities rather than equity any preference dividends paid are included in interest payable and similar charges within the income statement.

Intangible assets

Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable. Website costs are amortised on a straight line basis over 5 years, the expected useful economic life of the current website.

Goodwill
Acquired goodwill is stated at cost less amortisation. Amortisation is calculated on a straight line basis over the estimated expected useful economic life of the goodwill of years.

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:

Office Equipment	5 Straight Line
Fixtures and Fittings	5 Straight Line
Computer Equipment	5 Straight Line

Fixed asset investments

Fixed asset investments are stated at cost less provision for any permanent diminution in value.

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 year was 2 (2021 : 1).

Intangible fixed assets

Cost	Website Development	Total
	£	£
At 01 February 2021	-	-
Additions	6,313	6,313
Disposals	-	-
At 31 January 2022	6,313	6,313
Amortisation
At 01 February 2021	-	-
Charge for year	1,157	1,157
On disposals	-	-
At 31 January 2022	1,157	1,157
Net book values
At 31 January 2022	5,156	5,156
At 31 January 2021	-	-

Tangible fixed assets

Cost or valuation	Office Equipment	Computer Equipment	Fixtures and Fittings	Total
	£	£	£	£
At 01 February 2021	874	182	-	1,056
Additions	1,697	529	1,200	3,426
Disposals	-	-	-	-
At 31 January 2022	2,571	711	1,200	4,482
Depreciation
At 01 February 2021	94	64	-	158
Charge for year	571	54	100	725
On disposals	-	-	-	-
At 31 January 2022	665	118	100	883
Net book values
Closing balance as at 31 January 2022	1,906	593	1,100	3,599
Opening balance as at 01 February 2021	-	899	-	899

Investments

Cost	Investments in group undertakings	Total
	£	£
At 01 February 2021	-	-
Additions	1	1
Transfer to/from Tangible fixed assets	0	0
Disposals	-	-
At 31 January 2022	1	1

During the period the company acquired a 50% shareholding in a YPG AssociatesHR Limited.

Debtors: amounts falling due within one year

	2022 £	2021 £
Trade Debtors	21,400	6,800
Accrued Income	1,400	0
	22,800	6,800

Creditors: amount falling due within one year

	2022 £	2021 £
Trade Creditors	0	1
Bank Loans & Overdrafts	1,727	4,000
Bounce Back Loan (under 1 year)	1,814	0
Corporation Tax	10,417	1,042
PAYE & Social Security	283	2
Accrued Expenses	0	750
Wages & Salaries Control Account	1	0
Directors' Current Accounts	15,437	7,177
VAT	9,216	673
	38,895	13,645

Creditors: amount falling due after more than one year

	2022 £	2021 £
Bank Loans & Overdrafts	0	8,519
Bounce Back Loan (over 1 year)	5,637	0
Other Creditors	1	0
	5,638	8,519

Provisions for liabilities

	2022 £	2021 £
Deferred Tax	171	0
Charged to Profit & Loss	513	171
Pension Provisions	12	0
	696	171