Dr Irene Yi Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 09351375 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31st December 2020

for

Dr Irene Yi Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Dr I M M Yi

REGISTERED OFFICE:

1403 Hampton Apartments

Duke of Wellington Avenue

London

SE18 6NX

REGISTERED NUMBER:

09351375 (England and Wales)

ACCOUNTANTS:

Pigram & Co

Unit 5

Hatfield Regis Grange Business Units

Hatfield Broad Oak

Bishop's Stortford

Hertfordshire

CM22 7JZ

FIXED ASSETS

Intangible assets

4

7,700

8,250

Tangible assets

5

1,122

1,111

8,822

9,361

CURRENT ASSETS

Debtors

6

15,765

18,783

Cash at bank

35,752

9,146

51,517

27,929

CREDITORS

Amounts falling due within one year

7

42,595

74,016

NET CURRENT ASSETS/(LIABILITIES)

8,922

(46,087

)

TOTAL ASSETS LESS CURRENT LIABILITIES

17,744

(36,726

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

17,644

(36,826

)

SHAREHOLDERS' FUNDS

17,744

(36,726

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2020 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 24th September 2021 and were signed by:

Dr I M M Yi - Director

1.	STATUTORY INFORMATION

Dr Irene Yi Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2014, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Taxation

Taxation for the year 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.

Current or deferred taxation assets and liabilities are not discounted.

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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

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 year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2019 - 1 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1st January 2020

and 31st December 2020

11,000

AMORTISATION

At 1st January 2020

2,750

Charge for year

550

At 31st December 2020

3,300

NET BOOK VALUE

At 31st December 2020

7,700

At 31st December 2019

8,250

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1st January 2020

2,227

Additions

414

At 31st December 2020

2,641

DEPRECIATION

At 1st January 2020

1,116

Charge for year

403

At 31st December 2020

1,519

NET BOOK VALUE

At 31st December 2020

1,122

At 31st December 2019

1,111

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/12/20

31/12/19

£

£

Trade debtors

15,765

18,783

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/12/20

31/12/19

£

£

Trade creditors

1

41

Taxation and social security

40,527

19,414

Other creditors

2,067

54,561

42,595

74,016