YZ Homes Limited - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 07226190 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 April 2017

for

YZ Homes Limited

Page

Company Information

1

Abridged Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTOR:

Mr Y Zubaidy

REGISTERED OFFICE:

No.2 Lawrence Avenue

New Malden

Surrey

KT3 5LY

REGISTERED NUMBER:

07226190 (England and Wales)

ACCOUNTANTS:

Williams Chartered Accountants

Jade House

67 Park Royal Road

London

NW10 7JJ

FIXED ASSETS

Tangible assets

4

18,158

17,536

CURRENT ASSETS

Stocks

44,321

-

Debtors

57,887

78,774

Cash at bank and in hand

29,138

1,357

131,346

80,131

CREDITORS

Amounts falling due within one year

113,195

70,065

NET CURRENT ASSETS

18,151

10,066

TOTAL ASSETS LESS CURRENT LIABILITIES

36,309

27,602

CREDITORS

Amounts falling due after more than one year

8,156

11,781

NET ASSETS

28,153

15,821

CAPITAL AND RESERVES

Called up share capital

5

1

1

Retained earnings

6

28,152

15,820

SHAREHOLDERS' FUNDS

28,153

15,821

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2017 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 of Part 15 of the Companies Act 2006 relating to small companies.

All the members have consented to the preparation of an abridged Statement of Comprehensive Income and an abridged Statement of Financial Position for the year ended 30 April 2017 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the director on 26 January 2018 and were signed by:

Mr Y Zubaidy - Director

1.	STATUTORY INFORMATION

YZ Homes Limited is a private company, limited by shares , registered in England and Wales. The company's

registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" 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, excluding discounts, rebates,

value added tax and other sales taxes.

Tangible fixed assets

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

Plant & machinery

-

15% on reducing balance

Motor vehicles

-

15% on reducing balance

Office equipment

-

15% on reducing balance

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in

bringing stocks to their present location and condition.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Comprehensive

Income, 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the

statement of financial position 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the

lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 May 2016

20,834

Additions

3,354

At 30 April 2017

24,188

DEPRECIATION

At 1 May 2016

3,298

Charge for year

2,732

At 30 April 2017

6,030

NET BOOK VALUE

At 30 April 2017

18,158

At 30 April 2016

17,536

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.4.17

30.4.16

value:

£

£

1

Ordinary Share Capital

1

1

1

6.

RESERVES

Retained

earnings

£

At 1 May 2016

15,820

Profit for the year

12,332

At 30 April 2017

28,152

7.	ULTIMATE CONTROLLING PARTY