Abbreviated Company Accounts - YELAGO LIMITED

08461647 YELAGO LIMITED 2016-03-31 false 2015-04-01 2016-03-31 true 08461647 2015-04-01 2016-03-31 08461647 2016-03-31 08461647 2015-03-31 08461647 uk-gaap-cd-bus:Director1 2015-04-01 2016-03-31 08461647 uk-gaap-cd-bus:Director2 2015-04-01 2016-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-04-01 2016-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2016-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-03-31 uk-gaap-cd-bus:OrdinaryShareClass2 2015-04-01 2016-03-31 uk-gaap-cd-bus:OrdinaryShareClass2 2016-03-31 uk-gaap-cd-bus:OrdinaryShareClass2 2015-03-31 iso4217:GBP shares

Registered Number 08461647

YELAGO LIMITED

Abbreviated Accounts

31 March 2016

YELAGO LIMITED Registered Number 08461647

Abbreviated Balance Sheet as at 31 March 2016

	Notes	2016	2015
		£	£
Fixed assets
Intangible assets	2	236,867	414,527
Tangible assets	3	1,034	3,390
Investments	4	10	2,686
		237,911	420,603
Current assets
Debtors		-	63,355
Cash at bank and in hand		2,047	69,740
		2,047	133,095
Creditors: amounts falling due within one year		(101,973)	(139,872)
Net current assets (liabilities)		(99,926)	(6,777)
Total assets less current liabilities		137,985	413,826
Total net assets (liabilities)		137,985	413,826
Capital and reserves
Called up share capital	5	127	127
Share premium account		595,323	595,323
Profit and loss account		(457,465)	(181,624)
Shareholders' funds		137,985	413,826

For the year ending 31 March 2016 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.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 22 December 2016

And signed on their behalf by:
T PEPIN, Director

YELAGO LIMITED Registered Number 08461647

Notes to the Abbreviated Accounts for the period ended 31 March 2016

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Tangible assets depreciation policy
Office equipment 3 years on straight line method

Intangible assets amortisation policy
Intangible assets comprise of expenditure on the development of a mobile application.
It is amortised over a period of 3 years.

2Intangible fixed assets

	£
Cost
At 1 April 2015	532,980
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2016	532,980
Amortisation
At 1 April 2015	118,453
Charge for the year	177,660
On disposals	-
At 31 March 2016	296,113
Net book values
At 31 March 2016	236,867
At 31 March 2015	414,527

3Tangible fixed assets

	£
Cost
At 1 April 2015	7,068
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2016	7,068
Depreciation
At 1 April 2015	3,678
Charge for the year	2,356
On disposals	-
At 31 March 2016	6,034
Net book values
At 31 March 2016	1,034
At 31 March 2015	3,390

4Fixed assets Investments
The company holds 1500 shares of 0.01 Canadien $ in Groupe Yelago INC, a company
incorporated in Canada.

5Called Up Share Capital
Allotted, called up and fully paid:

	2016 £	2015 £
10,000 A Ordinary shares of £0.01 each	100	100
2,688 B Ordinary shares of £0.01 each	27	27