Y C Yang Limited - Accounts to registrar - small 16.3d
Y C Yang Limited - Accounts to registrar - small 16.3d
| REGISTERED NUMBER: |
| Y C YANG LIMITED |
| Unaudited Financial Statements for the Year Ended 30 June 2017 |
| Y C YANG LIMITED (REGISTERED NUMBER: 04456711) |
| Contents of the Financial Statements |
| for the Year Ended 30 June 2017 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| Chartered Accountants' Report | 8 |
| Y C YANG LIMITED |
| Company Information |
| for the Year Ended 30 June 2017 |
| DIRECTOR: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Granville House |
| 2 Tettenhall Road |
| Wolverhampton |
| West Midlands |
| WV1 4SB |
| Y C YANG LIMITED (REGISTERED NUMBER: 04456711) |
| Balance Sheet |
| 30 June 2017 |
| 30.6.17 | 30.6.16 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| Investment property | 5 |
| CURRENT ASSETS |
| Debtors | 6 |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 7 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| PROVISIONS FOR LIABILITIES | 8 |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 9 |
| Revaluation reserve | 10 |
| Retained earnings |
| 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 C YANG LIMITED (REGISTERED NUMBER: 04456711) |
| Balance Sheet - continued |
| 30 June 2017 |
| 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 on |
| Y C YANG LIMITED (REGISTERED NUMBER: 04456711) |
| Notes to the Financial Statements |
| for the Year Ended 30 June 2017 |
| 1. | STATUTORY INFORMATION |
| Y C Yang Limited is a |
| registered number and registered office address can be found on the Company Information page. |
| The presentation currency of the financial statements is the Pound Sterling (£). |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| These financial statements for the year ended 30 June 2017 are the first financial statements that comply with |
| FRS 102 Section 1A small entities. The date of transition is 1 July 2015. The transition to FRS 102 Section 1A |
| small entities has resulted in no changes to accounting policies to those previously used. |
| Turnover |
| Turnover represents sales of non-vatable services. Turnover is recognised when the service is provided. |
| Tangible fixed assets |
| Fixtures, fittings & equipment | - |
| Motor vehicles | - |
| Investment property |
| Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in |
| fair value is recognised in profit or loss. |
| Financial instruments |
| Basic financial instruments are recognised at amortised cost, except for investments in non-convertible |
| preference shares or non-puttable ordinary shares which are measured at fair value, with changes |
| recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair |
| value with changes recognised in profit or loss. |
| 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 that have been enacted or |
| substantively enacted by the balance sheet date. |
| Y C YANG LIMITED (REGISTERED NUMBER: 04456711) |
| Notes to the Financial Statements - continued |
| for the Year Ended 30 June 2017 |
| 2. | ACCOUNTING POLICIES - continued |
| 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. |
| 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 |
| 4. | TANGIBLE FIXED ASSETS |
| Fixtures, |
| fittings | Motor |
| & equipment | vehicles | Totals |
| £ | £ | £ |
| COST |
| At 1 July 2016 |
| Additions |
| Disposals | ( |
) | ( |
) |
| At 30 June 2017 |
| DEPRECIATION |
| At 1 July 2016 |
| Charge for year |
| Eliminated on disposal | ( |
) | ( |
) |
| At 30 June 2017 |
| NET BOOK VALUE |
| At 30 June 2017 |
| At 30 June 2016 |
| Y C YANG LIMITED (REGISTERED NUMBER: 04456711) |
| Notes to the Financial Statements - continued |
| for the Year Ended 30 June 2017 |
| 5. | INVESTMENT PROPERTY |
| Total |
| £ |
| FAIR VALUE |
| At 1 July 2016 |
| Additions |
| Revaluations | 24,000 |
| At 30 June 2017 |
| NET BOOK VALUE |
| At 30 June 2017 |
| At 30 June 2016 |
| Cost or valuation at 30 June 2017 is represented by: |
| £ |
| Valuation in 2017 | 881,233 |
| 6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 30.6.17 | 30.6.16 |
| £ | £ |
| Trade debtors |
| Rental accounts | 514 | - |
| Prepayments and accrued income |
| 7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 30.6.17 | 30.6.16 |
| £ | £ |
| Taxation |
| Social security and other taxes |
| Directors' current accounts | 4,187 | 3,767 |
| Accrued expenses |
| 8. | PROVISIONS FOR LIABILITIES |
| 30.6.17 | 30.6.16 |
| £ | £ |
| Deferred tax | 13,582 | 1,073 |
| Y C YANG LIMITED (REGISTERED NUMBER: 04456711) |
| Notes to the Financial Statements - continued |
| for the Year Ended 30 June 2017 |
| 8. | PROVISIONS FOR LIABILITIES - continued |
| Deferred |
| tax |
| £ |
| Balance at 1 July 2016 |
| Charge to Income Statement during year |
| Fair value adjustment | 11,703 |
| Balance at 30 June 2017 |
| 9. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 30.6.17 | 30.6.16 |
| value: | £ | £ |
| Ordinary A shares | £1 | 100 | 100 |
| Ordinary B shares | £1 | 100 | 100 |
| 200 | 200 |
| 10. | RESERVES |
| Revaluation |
| reserve |
| £ |
| At 1 July 2016 |
| Fair value adjustment transfer | 12,297 |
| At 30 June 2017 |
| 11. | ULTIMATE CONTROLLING PARTY |
| The company is controlled by the director. |
| Chartered Accountants' Report to the Director |
| on the Unaudited Financial Statements of |
| Y C Yang Limited |
| The following reproduces the text of the report prepared for the director and members in respect of the |
| company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is |
| only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other |
| primary statements and the Report of the Director are not required to be filed with the Registrar of Companies. |
| In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the |
| financial statements of Y C Yang Limited for the year ended 30 June 2017 which comprise the Income Statement, |
| Balance Sheet, and the related notes from the company's accounting records and from information and explanations you |
| have given us. |
| As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance. |
| This report is made solely to the director of Y C Yang Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Y C Yang Limited and state those matters that we have agreed to state to the director of Y C Yang Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Y C Yang Limited director for our work or for this report. |
| It is your duty to ensure that Y C Yang Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Y C Yang Limited. You consider that Y C Yang Limited 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 financial statements of Y C Yang Limited. 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 financial statements. |
| Granville House |
| 2 Tettenhall Road |
| Wolverhampton |
| West Midlands |
| WV1 4SB |
| Date: ............................................. |