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REGISTERED NUMBER:
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UNAUDITED FINANCIAL STATEMENTS |
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FOR THE PERIOD 26 MAY 2018 TO 31 MAY 2019 |
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5YT LTD |
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REGISTERED NUMBER:
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UNAUDITED FINANCIAL STATEMENTS |
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FOR THE PERIOD 26 MAY 2018 TO 31 MAY 2019 |
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FOR |
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5YT LTD |
5YT LTD (REGISTERED NUMBER: 11385052) |
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CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE PERIOD 26 MAY 2018 TO 31 MAY 2019 |
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Statement of Financial Position | 1 |
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Notes to the Financial Statements | 2 |
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5YT LTD (REGISTERED NUMBER: 11385052) |
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STATEMENT OF FINANCIAL POSITION |
31 MAY 2019 |
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Notes | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
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CURRENT ASSETS |
Debtors | 5 |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year | 6 |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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PROVISIONS FOR LIABILITIES |
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NET ASSETS |
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CAPITAL AND RESERVES |
Called up share capital |
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Retained earnings |
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SHAREHOLDERS' FUNDS |
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The director acknowledges his 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. |
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In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
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The financial statements were approved by the director on
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5YT LTD (REGISTERED NUMBER: 11385052) |
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NOTES TO THE FINANCIAL STATEMENTS |
FOR THE PERIOD 26 MAY 2018 TO 31 MAY 2019 |
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1. | STATUTORY INFORMATION |
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5YT Ltd is a
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number and registered office address are as below: |
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Registered number: | 11385052 |
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Registered office: | 17 Powell Court |
Farnsfield |
Newark |
NG22 8DZ |
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The presentation currency of the financial statements is the Pound Sterling (£). |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Significant judgements and estimates |
The preparation of the financial statements in conformity with generally accepted accounting principles |
requires the Directors to make estimates and assumptions that affect the reported amounts of assets and |
liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the |
reported amounts of revenues and expenses during the reporting period. Actual results in the future could |
differ from those estimates. Management considers that certain accounting assumptions relating to revenue, |
and provisions are its critical accounting policies. |
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Turnover |
Due to the company operating the Flat Rate Value Added Tax scheme, turnover represents gross invoiced sales |
of services, and is recognised as the company becomes entitled to consideration for the services supplied. |
Therefore, turnover also includes the element of work completed but not yet invoiced. |
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Tangible fixed assets |
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Computer equipment | - |
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Taxation |
Taxation for the period 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. |
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Current or deferred taxation assets and liabilities are not discounted. |
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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 statement of financial position date. |
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5YT LTD (REGISTERED NUMBER: 11385052) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 26 MAY 2018 TO 31 MAY 2019 |
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2. | ACCOUNTING POLICIES - continued |
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the |
statement of financial position date. |
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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 period end and that are expected to apply to the |
reversal of the timing difference. |
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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. |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the period was
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4. | TANGIBLE FIXED ASSETS |
Computer |
equipment |
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COST |
Additions |
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At 31 May 2019 |
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DEPRECIATION |
Charge for period |
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At 31 May 2019 |
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NET BOOK VALUE |
At 31 May 2019 |
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5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
£ |
Other debtors |
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6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
£ |
Trade creditors |
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Taxation and social security |
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Other creditors |
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