Yas Bean Ltd - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 13327266 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30 April 2023

for

Yas Bean Ltd

Page

Balance Sheet

1

Notes to the Financial Statements

2

FIXED ASSETS

Tangible assets

4

18,535

25,456

CURRENT ASSETS

Stocks

1,200

1,000

Cash at bank and in hand

2,564

3,328

3,764

4,328

CREDITORS

Amounts falling due within one year

5

(31,915

)

(31,383

)

NET CURRENT LIABILITIES

(28,151

)

(27,055

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(9,616

)

(1,599

)

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

(9,617

)

(1,600

)

(9,616

)

(1,599

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2023 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.

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 23 October 2023 and were signed by:

Mr M J D Johnson - Director

1.	STATUTORY INFORMATION

Yas Bean Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

13327266

Registered office:

219 Buxton Road

Macclesfield

Cheshire

SK10 1NB

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, net of VAT and trade discounts.

Turnover from the sale of goods is recognised when significant risks and rewards of ownership of the goods have transferred to the buyer, the amount of turnover can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transaction can be measured reliably. This is usually on supply of the goods.

Tangible fixed assets

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

Improvements to property

-

20% on reducing balance

Shop equipment

-

20% on reducing balance

Fixtures and fittings

-

20% on reducing balance

Computer equipment

-

33% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

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 7 (2022 - 5 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Shop

and

Computer

property

equipment

fittings

equipment

Totals

£

£

£

£

£

COST

At 1 May 2022

32,436

599

3,061

781

36,877

Additions

-

564

700

207

1,471

At 30 April 2023

32,436

1,163

3,761

988

38,348

DEPRECIATION

At 1 May 2022

10,812

80

481

48

11,421

Charge for year

7,207

216

656

313

8,392

At 30 April 2023

18,019

296

1,137

361

19,813

NET BOOK VALUE

At 30 April 2023

14,417

867

2,624

627

18,535

At 30 April 2022

21,624

519

2,580

733

25,456

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.23

30.4.22

£

£

Taxation and social security

6,563

3,606

Other creditors

25,352

27,777

31,915

31,383