Company Registration No. 3555436 (England and Wales)
YOGAMAYA LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2017
PAGES FOR FILING WITH REGISTRAR
YOGAMAYA LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
YOGAMAYA LIMITED
BALANCE SHEET
AS AT
31 MARCH 2017
31 March 2017
- 1 -
2017
2016
Notes
£
£
£
£
Fixed assets
Tangible assets
3
719
958
Investments
4
1
1
720
959
Current assets
Debtors
5
37,510
34,380
Cash at bank and in hand
26,168
12,728
63,678
47,108
Creditors: amounts falling due within one year
6
(58,698)
(51,126)
Net current assets/(liabilities)
4,980
(4,018)
Total assets less current liabilities
5,700
(3,059)
Capital and reserves
Called up share capital
7
2
2
Profit and loss reserves
5,698
(3,061)
Total equity
5,700
(3,059)
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.
true
For the financial year ended 31 March 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
T
he directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
T
he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476
.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The financial statements were approved by the board of directors and authorised for issue on 22 December 2017 and are signed on its behalf by:
C J D Mills
Director
Company Registration No. 3555436
YOGAMAYA LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2017
- 2 -
1
Accounting policies
Company information
Yogamaya Limited is a
private
company
limited by shares
incorporated in England and Wales.
The registered office is
OJK Ltd, 19 Portland Place, London, W1B 1PX.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements have been prepared under the historical cost convention. The principle accounting policies adopted are set out below.
1.2
Turnover
Turnover represents amounts receivable for
publishing income
net of VAT
.
1.3
Tangible fixed assets
Tangible fixed assets
are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Fixtures, fittings & equipment
at 25% reducing balance
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and
is credited or charged to profit or loss
.
1.4
Financial instruments
The company
only
has
basic financial instruments.
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest
method
.
Basic financial liabilities
Basic financial liabilities, including creditors and bank loans, are
initially recognised at transaction price unless the arrangement constitutes a
financing transaction
.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was 2 (2016 - 2).
YOGAMAYA LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2017
- 3 -
3
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 April 2016 and 31 March 2017
11,959
Depreciation and impairment
At 1 April 2016
11,001
Depreciation charged in the year
239
At 31 March 2017
11,240
Carrying amount
At 31 March 2017
719
At 31 March 2016
958
4
Fixed asset investments
2017
2016
£
£
Investments
1
1
The fair value information has not been disclosed because it cannot be measured reliably. The value of investments are held at their historical cost.
.
5
Debtors
2017
2016
Amounts falling due within one year:
£
£
Trade debtors
-
6,036
Other debtors
37,510
28,344
37,510
34,380
YOGAMAYA LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2017
- 4 -
6
Creditors: amounts falling due within one year
2017
2016
£
£
Trade creditors
727
2,873
Corporation tax
-
6
Other taxation and social security
-
1,597
Other creditors
57,971
46,650
58,698
51,126
7
Called up share capital
2017
2016
£
£
Ordinary share capital
Issued and fully paid
2 Ordinary shares of £1 each
2
2
2
2