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Registration number: 09167669

YS Parcels Ltd

Unaudited Abbreviated Accounts

for the Year Ended 31 August 2015
 

MacMahon Leggate
Chartered Accountants
Charter House
18-20 Finsley Gate
Burnley
BB11 2HA

 
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YS Parcels Ltd
Contents

Accountants' Report

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3 to 4

 

The following reproduces the text of the accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 4 ) have been prepared.

Chartered Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
YS Parcels Ltd
for the Year Ended 31 August 2015

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of YS Parcels Ltd for the year ended 31 August 2015 set out on pages from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW) , we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook .

This report is made solely to the Board of Directors of YS Parcels Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of YS Parcels Ltd and state those matters that we have agreed to state to them, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than YS Parcels Ltd and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that YS Parcels Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of YS Parcels Ltd. You consider that YS Parcels Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of YS Parcels Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

MacMahon Leggate
Chartered Accountants
Charter House
18-20 Finsley Gate
Burnley
Lancashire
BB11 2HA

16 October 2015

 

YS Parcels Ltd
(Registration number: 09167669)
Abbreviated Balance Sheet at 31 August 2015

   

Note

   

2015
£

 

Current assets

 

       

Debtors

 

   

8,214

 

Cash at bank and in hand

 

   

447

 
   

   

8,661

 

Creditors: Amounts falling due within one year

 

   

(8,041)

 

Net assets

 

   

620

 

Capital and reserves

 

       

Called up share capital

 

2

   

100

 

Profit and loss account

 

   

520

 

Shareholders' funds

 

   

620

 

For the year ending 31 August 2015 the company was entitled to exemption 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 her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime .

Approved by the director on 16 October 2015

.........................................
Mrs Yvonne Serrant
Director

The notes on pages 3 to 4 form an integral part of these financial statements.
Page 2

 

YS Parcels Ltd
Notes to the Abbreviated Accounts for the Year Ended 31 August 2015
......... continued

1

Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective April 2008).

Turnover

Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Hire purchase and leasing

Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the lease term.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

2

Share capital

Allotted, called up and fully paid shares

 

2015

   

No.

   

£

 

Ordinary shares of £1 each

 

100

   

100

 
             

New shares allotted

During the year 100 ordinary shares having an aggregate nominal value of £1 were allotted for an aggregate consideration of £1 . The shares were issued upon incorporation of the company.

 

YS Parcels Ltd
Notes to the Abbreviated Accounts for the Year Ended 31 August 2015
......... continued

3

Related party transactions

Director's advances and credits

 

2015
Advance/ Credit
£

2015
Repaid
£

Mrs Yvonne Serrant

The loan in interest free and will be repaid within nine months of the year end

6,008

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