Yster Services Ltd - Filleted accounts

Yster Services Ltd - Filleted accounts

YSTER SERVICES LTD - Company Information

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Registered number
08286876
Yster Services Ltd
Unaudited Filleted Accounts
30 April 2017
Yster Services Ltd
Registered number: 08286876
Balance Sheet
as at 30 April 2017
Notes 2017 2016
£ £
Fixed assets
Tangible assets 2 347 -
Current assets
Debtors 3 724 1,539
Cash at bank and in hand 6,959 22,245
7,683 23,784
Creditors: amounts falling due within one year 4 (6,947) (16,556)
Net current assets 736 7,228
Net assets 1,083 7,228
Capital and reserves
Called up share capital 1 1
Profit and loss account 1,082 7,227
Shareholder's funds 1,083 7,228
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Sean Quinlan
Director
Approved by the board on 8 December 2017
Yster Services Ltd
Notes to the Accounts
for the year ended 30 April 2017
1 Accounting policies
Basis of preparation
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).
Turnover - Services
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Computer equipment 33% Straight line
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.
2 Tangible fixed assets
Equipment
£
Cost
Additions 521
At 30 April 2017 521
Depreciation
Charge for the year 174
At 30 April 2017 174
Net book value
At 30 April 2017 347
3 Debtors 2017 2016
£ £
Trade debtors - 1,539
Other debtors 724 -
724 1,539
4 Creditors: amounts falling due within one year 2017 2016
£ £
Corporation tax 6,053 13,728
Other taxes and social security costs - 1,736
Director's current account 868 1,092
Other creditors 26 -
6,947 16,556
5 Controlling party
The company is controlled by Sean Quinlan by virtue of his 100% shareholding.
6 Other information
Yster Services Ltd is a private company limited by shares and incorporated in England. Its registered office is:
Flat 2
99 Park Road
London
SW19 2HU
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