Company Registration No. 07627967 (England and Wales)
YUDOGLOBAL LIMITED
Unaudited accounts
for the year ended 31 May 2017
YUDOGLOBAL LIMITED
Unaudited accounts
Contents
YUDOGLOBAL LIMITED
Company Information
for the year ended 31 May 2017
Company Number
07627967 (England and Wales)
Registered Office
KEMP HOUSE
152 CITY ROAD
LONDON
EC1V 2NX
Accountants
Cool Beans Bookkeeping Ltd
86-90 Paul Street
London
EC2A 4NE
YUDOGLOBAL LIMITED
Statement of financial position
as at
31 May 2017
Intangible assets
5,382
7,674
Tangible assets
1,180
2,121
Cash at bank and in hand
5,726
23,484
Creditors: amounts falling due within one year
(304,743)
(262,570)
Net current liabilities
(289,135)
(207,980)
Net liabilities
(282,573)
(198,185)
Called up share capital
20,114
20,114
Share premium
605,118
594,118
Profit and loss account
(907,805)
(812,417)
Shareholders' funds
(282,573)
(198,185)
For the year ending 31 May 2017 the company was entitled to exemption from audit 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 28 February 2018.
Ludre Stevens
Director
Company Registration No. 07627967
YUDOGLOBAL LIMITED
Notes to the Accounts
for the year ended 31 May 2017
YUDOGLOBAL LIMITED is a private company, limited by shares, registered in England and Wales, registration number 07627967. The registered office is KEMP HOUSE, 152 CITY ROAD, LONDON, EC1V 2NX.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
These financial statements for the year ended 31 May 2017 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 June 2015.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Fixtures & fittings
25% Straight Line
Computer equipment
25% Straight Line
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Intangible fixed assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight basis over their estimated useful economic lives. Impairment of intangible fixed assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
YUDOGLOBAL LIMITED
Notes to the Accounts
for the year ended 31 May 2017
4
Intangible fixed assets
Other
Charge for the year
2,292
5
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 June 2016
2,998
3,476
6,474
At 31 May 2017
2,998
3,886
6,884
At 1 June 2016
2,398
1,955
4,353
Charge for the year
449
902
1,351
At 31 May 2017
2,847
2,857
5,704
At 31 May 2017
151
1,029
1,180
At 31 May 2016
600
1,521
2,121
Trade debtors
2,086
8,656
Other debtors
7,796
22,450
7
Creditors: amounts falling due within one year
2017
2016
Trade creditors
155,308
177,114
Taxes and social security
52,752
13,050
Other creditors
101,517
70,986
Loans from directors
(4,834)
1,420
YUDOGLOBAL LIMITED
Notes to the Accounts
for the year ended 31 May 2017
8
Share capital
2017
2016
Allotted, called up and fully paid:
2,011,360 Ordinary shares of £0.01 each
20,113.60
20,113.60
9
Average number of employees
During the year the average number of employees was 1 (2016: 2).