Yoolow Developments Limited - Accounts to registrar (filleted) - small 18.2
Yoolow Developments Limited - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 MARCH 2018 |
| FOR |
| YOOLOW DEVELOPMENTS LIMITED |
| YOOLOW DEVELOPMENTS LIMITED (REGISTERED NUMBER: SC241487) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| for the Year Ended 31 March 2018 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 3 |
| Report of the Accountants | 6 |
| YOOLOW DEVELOPMENTS LIMITED |
| COMPANY INFORMATION |
| for the Year Ended 31 March 2018 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Bankhead Drive |
| City South Office Park |
| Portlethen |
| Aberdeenshire |
| AB12 4XX |
| YOOLOW DEVELOPMENTS LIMITED (REGISTERED NUMBER: SC241487) |
| BALANCE SHEET |
| 31 March 2018 |
| 2018 | 2017 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Intangible assets | 4 |
| Tangible assets | 5 |
| CURRENT ASSETS |
| Debtors | 6 |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 7 |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
| CAPITAL AND RESERVES |
| Called up share capital |
| Retained earnings | 8 | ( |
) |
| SHAREHOLDERS' FUNDS | ( |
) |
| The directors acknowledge their 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. |
| In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
| The financial statements were approved by the Board of Directors on |
| YOOLOW DEVELOPMENTS LIMITED (REGISTERED NUMBER: SC241487) |
| NOTES TO THE FINANCIAL STATEMENTS |
| for the Year Ended 31 March 2018 |
| 1. | STATUTORY INFORMATION |
| Yoolow Developments Limited is a |
| 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 |
| Turnover |
| Turnover represents net invoiced sales of services, excluding value added tax. |
| Goodwill |
| Goodwill being the amount paid in connection with the acquisition of a business in 2002. It is being amortised evenly over |
| it's remaining useful life of 6 years. |
| Intangible assets |
| Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any |
| accumulated amortisation and any accumulated impairment losses. |
| Tangible fixed assets |
| Plant and machinery | - |
| Fixtures and fittings | - |
| Computer equipment | - |
| 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 have been enacted or substantively |
| enacted by the balance sheet date. |
| 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. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| YOOLOW DEVELOPMENTS LIMITED (REGISTERED NUMBER: SC241487) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the Year Ended 31 March 2018 |
| 4. | INTANGIBLE FIXED ASSETS |
| Goodwill |
| £ |
| COST |
| At 1 April 2017 |
| and 31 March 2018 |
| AMORTISATION |
| At 1 April 2017 |
| Amortisation for year |
| At 31 March 2018 |
| NET BOOK VALUE |
| At 31 March 2018 |
| At 31 March 2017 |
| 5. | TANGIBLE FIXED ASSETS |
| Fixtures |
| Plant and | and | Computer |
| machinery | fittings | equipment | Totals |
| £ | £ | £ | £ |
| COST |
| At 1 April 2017 |
| Additions |
| Disposals | ( |
) | ( |
) |
| At 31 March 2018 |
| DEPRECIATION |
| At 1 April 2017 |
| Charge for year |
| Eliminated on disposal | ( |
) | ( |
) |
| At 31 March 2018 |
| NET BOOK VALUE |
| At 31 March 2018 |
| At 31 March 2017 |
| 6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2018 | 2017 |
| £ | £ |
| Other debtors |
| 7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2018 | 2017 |
| £ | £ |
| Trade creditors |
| Other creditors |
| YOOLOW DEVELOPMENTS LIMITED (REGISTERED NUMBER: SC241487) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the Year Ended 31 March 2018 |
| 8. | RESERVES |
| Retained |
| earnings |
| £ |
| At 1 April 2017 |
| Deficit for the year | ( |
) |
| At 31 March 2018 | ( |
) |
| 9. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
| At the year end there was an directors loan balance of £12,560 (2017: £6,023) due to the directors of the company. |
| This balance is interest free. |
| 10. | RELATED PARTY DISCLOSURES |
| Property owned by the directors, Mr D Stewart and Mrs A M Stewart, is leased to the company. The charge in the accounts |
| for the current year is £20,000 (2017 - £20,000). |
| 11. | ULTIMATE CONTROLLING PARTY |
| YOOLOW DEVELOPMENTS LIMITED |
| REPORT OF THE ACCOUNTANTS TO THE DIRECTORS OF |
| YOOLOW DEVELOPMENTS LIMITED |
| The following reproduces the text of the report prepared for the directors 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 Statement of Comprehensive Income and certain other primary statements and the Report of |
| the Directors are not required to be filed with the Registrar of Companies. |
| As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 March 2018 set out on pages three to seven and you consider that the company is exempt from an audit. |
| In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us. |
| Bankhead Drive |
| City South Office Park |
| Portlethen |
| Aberdeenshire |
| AB12 4XX |