Company Registration No. 06216189 (England and Wales)
Yujin Europe Limited
Unaudited accounts
for the year ended 30 April 2017
Yujin Europe Limited
Unaudited accounts
Contents
Yujin Europe Limited
Company Information
for the year ended 30 April 2017
Secretary
B W MacNay MA FCA
Company Number
06216189 (England and Wales)
Registered Office
3 Clanricarde Gardens
Tunbridge Wells
Kent
TN1 1HQ
Accountants
TW Tax Services Limited
3 Clanricarde Gardens
Tunbridge Wells
Kent
TN1 1HQ
Yujin Europe Limited
Statement of financial position
as at 30 April 2017
Cash at bank and in hand
77,825
53,139
Creditors: amounts falling due within one year
(119,943)
(37,149)
Net current assets
24,642
24,305
Called up share capital
24,000
24,000
Profit and loss account
642
355
Shareholders' funds
24,642
24,355
For the year ending 30 April 2017 the company was entitled to exemption from audit 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 26 January 2018.
M Doswell
Director
Company Registration No. 06216189
Yujin Europe Limited
Notes to the Accounts
for the year ended 30 April 2017
Yujin Europe Limited is a private company, limited by shares, registered in England and Wales, registration number 06216189. The registered office is 3 Clanricarde Gardens, Tunbridge Wells, Kent, TN1 1HQ.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
These financial statements for the year ended 30 April 2017 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 May 2015.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Stocks and work-in-progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Yujin Europe Limited
Notes to the Accounts
for the year ended 30 April 2017
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax is not provided on timing differences arising from the revaluation of fixed assets where there is no commitment to sell the asset.
Deferred tax assets and liabilities are not discounted.
4
Tangible fixed assets
Plant & machinery
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 May 2016
28,872
468
29,340
At 30 April 2017
28,872
468
29,340
At 1 May 2016
28,822
468
29,290
Charge for the year
50
-
50
At 30 April 2017
28,872
468
29,340
Trade debtors
60,191
1,194
7
Creditors: amounts falling due within one year
2017
2016
Trade creditors
48,431
5,370
Taxes and social security
7
-
Loans from directors
70,805
31,079
Yujin Europe Limited
Notes to the Accounts
for the year ended 30 April 2017
Allotted, called up and fully paid:
24,000 Ordinary shares of £1 each
24,000
24,000
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Average number of employees
During the year the average number of employees was 1 (2016: 1).
