Company Registration No. 3555436 (England and Wales)
YOGAMAYA LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2021
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 2021
31 March 2021
- 1 -
2021
2020
Notes
£
£
£
£
Fixed assets
Tangible assets
3
773
781
Investments
4
1
1
774
782
Current assets
Debtors
5
3,060
4,561
Cash at bank and in hand
42,938
27,572
45,998
32,133
Creditors: amounts falling due within one year
6
(12,585)
(11,014)
Net current assets
33,413
21,119
Net assets
34,187
21,901
Capital and reserves
Called up share capital
2
2
Profit and loss reserves
34,185
21,899
Total equity
34,187
21,901
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 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 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 20 December 2021 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 2021
- 2 -
1
Accounting policies
Company information
Yogamaya Limited is a
private
company
limited by shares
incorporated in
England and Wales
.
The registered office is
180 Great Portland Street, London, W1W 5QZ.
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
.
1.5
Taxation
The tax expense represents the sum of the tax currently payable and deferred tax.
YOGAMAYA LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2021
1
Accounting policies
(Continued)
- 3 -
Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the
profit and loss account
because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The
company’s
liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2021
2020
Number
Number
Total
2
2
3
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 April 2020
12,643
Additions
249
At 31 March 2021
12,892
Depreciation and impairment
At 1 April 2020
11,862
Depreciation charged in the year
257
At 31 March 2021
12,119
Carrying amount
At 31 March 2021
773
At 31 March 2020
781
4
Fixed asset investments
2021
2020
£
£
Investments
1
1
1
1
YOGAMAYA LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2021
- 4 -
5
Debtors
2021
2020
Amounts falling due within one year:
£
£
Trade debtors
179
Other debtors
2,881
4,561
3,060
4,561
6
Creditors: amounts falling due within one year
2021
2020
£
£
Trade creditors
2,613
1,706
Corporation tax
1,130
Other taxation and social security
1,609
1,190
Other creditors
7,233
8,118
12,585
11,014