AYU London Limited - Accounts

FUTURE CENTURY (UK) LTD - Company Information

AYU London Limited 05062862 Software Development false 1 June 2016 05062862 2016-06-01 2017-05-31 05062862 2016-05-31 05062862 2017-05-31 05062862 2015-06-01 2016-05-31 05062862 2015-05-31 05062862 2016-05-31 05062862 frs102-bus:FRS102 2016-06-01 2017-05-31 05062862 frs102-bus:PrivateLimitedCompanyLtd 2016-06-01 2017-05-31 05062862 frs102-bus:FullAccounts 2016-06-01 2017-05-31 05062862 frs102-bus:AuditExemptWithAccountantsReport 2016-06-01 2017-05-31 05062862 frs102-core:CurrentFinancialInstruments 2017-05-31 05062862 frs102-core:CurrentFinancialInstruments 2016-05-31 05062862 frs102-core:ShareCapital 2017-05-31 05062862 frs102-core:ShareCapital 2016-05-31 05062862 frs102-core:RetainedEarningsAccumulatedLosses 2017-05-31 05062862 frs102-core:RetainedEarningsAccumulatedLosses 2016-05-31 05062862 frs102-bus:Director1 2016-06-01 2017-05-31 05062862 frs102-core:ToolsEquipment 2016-06-01 2017-05-31 05062862 frs102-core:FurnitureFittings 2016-06-01 2017-05-31 05062862 frs102-core:Non-standardPPEClass3ComponentTotalPropertyPlantEquipment 2016-05-31 05062862 frs102-core:FurnitureFittings 2016-05-31 05062862 frs102-core:Non-standardPPEClass3ComponentTotalPropertyPlantEquipment 2016-06-01 2017-05-31 05062862 frs102-core:Non-standardPPEClass3ComponentTotalPropertyPlantEquipment 2017-05-31 05062862 frs102-core:FurnitureFittings 2017-05-31 05062862 frs102-core:Non-standardPPEClass3ComponentTotalPropertyPlantEquipment 2016-05-31 05062862 frs102-core:FurnitureFittings 2016-05-31 05062862 frs102-bus:OrdinaryShareClass1 2017-05-31 05062862 frs102-bus:OrdinaryShareClass1 2016-05-31 05062862 frs102-bus:OrdinaryShareClass1 2016-06-01 2017-05-31 xbrli:pure iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares

	Registered number
	05062862

	AYU London Limited
	Unaudited Accounts
	for the year ended
	31 May 2017

AYU London Limited Balance Sheet as at 31 May 2017
	Notes		2017 £		2016 £
Fixed assets
Tangible assets	3		20,476		3,623
			20,476		3,623

Current assets
Debtors		900,467		202,318
Cash at bank and in hand		48,417		1,274
		948,884		203,592

Prepayments and accrued income:		71,498		62,472

Creditors: amounts falling due within one year		(1,560,811)		(423,951)

Net current assets / (liabilities)			(540,429)		(157,887)

Total assets less current liabilities			(519,953)		(154,264)

Accruals and deferred income			(42,658)		(0)

Total net assets (liabilities)			(562,611)		(154,264)

Capital and reserves
Called up share capital	4		1		1
Profit and loss account			(562,612)		(154,265)
Shareholders' funds			(562,611)		(154,264)

These accounts have been prepared and delivered in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

The directors have not delivered a copy of the company's Profit and Loss account as permitted by s444(5A) of the Companies Act 2006.

For the year ending 31 May 2017 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.

Signed on behalf of the board of directors

...............................

Mr A Yau

Director

Approved by the board on 28 February 2018

Company No: 05062862 (England and Wales)

1.	Accounting policies
	Basis of preparation of financial statements These financial statements have been prepared under the historic cost convention in accordance with the accounting policies set out below and with section 1A of FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Companies Act 2006. The presentation currency is sterling.
	Changes in accounting standards, policies and estimates The transition to a new accounting standard has resulted to some changes in the accounting policies. The nature of these changes, and any impact on the values displayed for the comparative period, are explained in the notes below where applicable.

	Going concern basis
	The accounts have been prepared on the assumption that the company is able to carry on business as a going concern for the foreseeable future.

	Revenue recognition
	Revenue is measured at the fair value of the consideration received or receivable. Revenue is reduced for estimated customer returns, rebates and other similar allowances. Revenue from the sale of goods is recognised when goods are delivered and legal title has passed.

Tangible fixed assets depreciation policy

Tangible fixed assets are stated at cost less accumulated depreciation and impairment losses. Depreciation is provided, after taking account of any grants receivable, at rates calculated to write off the cost of fixed assets, less the estimated residual value, over their estimated useful lives.

Equipment	33.3% Straight Line
Fixtures & Fittings	20% Straight Line

Employees
	2017	2016
Average number of employees during the period	5	1

Tangible fixed assets
	Equipment	Fixtures & Fittings	Total
Cost or valuation	£	£	£
At 1 June 2016	131,669	12,814	144,483
Additions	19,626	1,955	21,581
At 31 May 2017	151,295	14,769	166,064
Depreciation
At 1 June 2016	128,046	12,814	140,860
Charge for the period	4,373	355	4,728
At 31 May 2017	132,419	13,169	145,588
Net book value
At 31 May 2017	18,876	1,600	20,476
At 31 May 2016	3,623	0	3,623

Share capital
	2017	2016
	£	£
Allotted, called up and fully paid:
1 (2016: 1) Ordinary shares of £1.00 each	1	1

	1	1

5.	Related party disclosures
	Controlling party The ultimate parent undertaking is the Yolana Trust. No disclosure has been made of transactions with the other wholly group companies in accordance with FRS102 section 1A paragraph 1AC.35 as the company is itself a wholly owned subsidiary of Yolana Limited.

6.	Transactions with directors
	As at 31 May 2017, Mr A YAU was owed by £129,572 at the end of the period.