Y N Services Limited - Accounts to registrar (filleted) - small 22.3
Y N Services Limited - Accounts to registrar (filleted) - small 22.3
| REGISTERED NUMBER: |
| Unaudited Financial Statements |
| for the Year Ended 30th April 2022 |
| for |
| Y N Services Limited |
| Y N Services Limited (Registered number: 05240214) |
| Contents of the Financial Statements |
| for the year ended 30th April 2022 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| Y N Services Limited |
| Company Information |
| for the year ended 30th April 2022 |
| DIRECTOR: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Accountants and Tax Advisers |
| 2nd Floor |
| Katherine House |
| 11 Wyllyotts Place |
| Potters Bar |
| Hertfordshire |
| EN6 2JD |
| Y N Services Limited (Registered number: 05240214) |
| Balance Sheet |
| 30th April 2022 |
| 30.4.22 | 30.4.21 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| CURRENT ASSETS |
| Stocks |
| Debtors | 5 |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 6 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| PROVISIONS FOR LIABILITIES | 7 |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital |
| Capital redemption reserve | 8 |
| Retained earnings | 8 |
| SHAREHOLDERS' FUNDS |
| 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. |
| Y N Services Limited (Registered number: 05240214) |
| Balance Sheet - continued |
| 30th April 2022 |
| In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
| The financial statements were approved by the director and authorised for issue on |
| Y N Services Limited (Registered number: 05240214) |
| Notes to the Financial Statements |
| for the year ended 30th April 2022 |
| 1. | STATUTORY INFORMATION |
| Y N Services Limited is a |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Turnover |
| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates and value added tax. |
| Tangible fixed assets |
| Plant and machinery etc | - |
| Work in progress |
| Work in progress is valued at the amounts to be invoiced taking into account the stage of completion at the balance sheet date.. |
| Financial instruments |
| Financial assets and financial liabilities are recognised in the company's balance sheet when the company becomes a party to the contractual provisions of instrument. |
| Basic financial assets |
| Basic financial assets, which include trade and other receivables, cash and bank balances are initially measured at transaction price including transaction cost and are subsequently carried at amortised cost using the effective interest method. |
| Impairment |
| Assets not measured at fair value are reviewed for any indications that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease. |
| If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the currying amount would have been, had the impairment not previously been recognised.The impairment reversal is recognised in profit or loss. |
| Y N Services Limited (Registered number: 05240214) |
| Notes to the Financial Statements - continued |
| for the year ended 30th April 2022 |
| 2. | ACCOUNTING POLICIES - continued |
| Classification of financial liabilities |
| Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences residual interest in the assets of the company after deducting all of its liabilities. |
| Basic financial liabilities, including trade and other payables and bank loans, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at the market rate of interest. |
| Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. |
| Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade payables are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method. |
| Taxation |
| Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 balance sheet date. |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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. |
| Provisions |
| Provisions are recognised when the company has an obligation at the balance sheet date as a result of a past event, it is probable that an outflow of economic benefits will be required in settlement and the amount can be reliably estimated. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| Y N Services Limited (Registered number: 05240214) |
| Notes to the Financial Statements - continued |
| for the year ended 30th April 2022 |
| 4. | TANGIBLE FIXED ASSETS |
| Computer | Computer |
| software | equipment | Totals |
| £ | £ | £ |
| COST |
| At 1st May 2021 |
| and 30th April 2022 |
| DEPRECIATION |
| At 1st May 2021 |
| Charge for year |
| At 30th April 2022 |
| NET BOOK VALUE |
| At 30th April 2022 |
| At 30th April 2021 |
| 5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 30.4.22 | 30.4.21 |
| £ | £ |
| Trade debtors |
| Other debtors |
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 30.4.22 | 30.4.21 |
| £ | £ |
| Trade creditors |
| Taxation and social security |
| Other creditors |
| 7. | PROVISIONS FOR LIABILITIES |
| 30.4.22 | 30.4.21 |
| £ | £ |
| Deferred tax |
| Accelerated capital allowances |
| Deferred |
| tax |
| £ |
| Balance at 1st May 2021 |
| Accelerated capital allowances | (5 | ) |
| Balance at 30th April 2022 |
| Y N Services Limited (Registered number: 05240214) |
| Notes to the Financial Statements - continued |
| for the year ended 30th April 2022 |
| 8. | RESERVES |
| Capital |
| Retained | redemption |
| earnings | reserve | Totals |
| £ | £ | £ |
| At 1st May 2021 | 66,779 |
| Profit for the year |
| Dividends | ( |
) | ( |
) |
| At 30th April 2022 | 67,730 |
| 9. | RELATED PARTY DISCLOSURES |
| The company shares offices with Yianni, Neil & Co Ltd, a company in which the director Mr M Vassiliou has a controlling interest. During the year the company was charged by Yianni, Neil & Co Ltd £17,210 in respect of Rent, Insurances, Telephone Charges and other common overheads (2021 £17,660). |
| During the year the company received professional services from Yianni Neil & Co Ltd for which an amount of £12,000 was charged (2021 £16,667). |
| The director considers the above transactions to have been concluded under normal market conditions. |
| Included in other creditors due within one year is an amount of £14,224 (2021 £16,305) due to Yianni, Neil & Co Ltd. |
| Other creditors falling due within one year also include an amount of £149 owed to the director Mr M Vassiliou (2021 £149). |
| The above amounts are all repayable on demand. |