Yet Design Studio Limited
- Small
- Active
- 1 year
- £4,243 (assets)
- Virtual address
- 2 directors
- 2 owners
- Family business
- E-commerce
Two conditions of three:
1.Turnover < £10.2 million
2.Balance sheet total < £5.1 million
3.Average number of employees < 50
Field of Operation
Website
Summary
Yet Design Studio Limited is a small, active company based in London, UK, founded just one year ago in June 2023. With £4,243 in assets and a virtual address, it’s a family business run by two directors and two owners. The company operates an e-commerce site and is involved in a diverse range of activities, including retail via mail order, management consultancy, architectural work, and specialised design.
The company’s website, YET.SHOP, presents itself as an “Istanbul London based interdisciplinary design studio” established in 2019. It focuses on designing and creating “timeless and functional environments,” offering services in interior architecture, product and furniture design, graphic design, and consultancy. The site highlights a commitment to a holistic creation process and showcases a portfolio of projects. The site also has a journal and a shop section, but the shop is currently empty.
Financially, Yet Design Studio Limited’s numbers are modest, but not necessarily alarming. Current assets remained steady at £4,200, while equity also stayed flat at £5,100. Bank borrowings are minimal, at just £770. Creditors are also low at £790. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it remain flexible, but the lack of growth in assets and revenue is noticeable. The accounts are abridged and unaudited, and the company is exempt from an audit. It's worth noting that the company’s foreign currency translation policy involves translating assets and liabilities at the reporting date’s exchange rate, which could influence the numbers.
Overall, Yet Design Studio Limited appears to be a small, family-run design studio navigating the early stages of its business. While the financials aren't spectacular, they don't suggest a crisis—just a steady, perhaps cautious, approach.
Registered in England/Wales under the registration number 14930470, with a registered address at WC2H 9JQ, United Kingdom, London, 71-75 Shelton Street, Covent Garden.
WARNING:The numbers have been rounded for simplicity and may be inaccurate.Please, refer to the latest financial report for verification.
Owners & PSC
-
Individual
- Koylu Lokman
- 1 year
- 25%+
-
Resident of Turkey
-
Individual
- Koylu Yagmur
- 1 year
- 25%+
-
Resident of Turkey
Managers
-
Individual
- Koylu Yagmur
- 1 year
-
Resident of Turkey
-
Individual
- Koylu Lokman
- 1 year
-
Resident of Turkey
Last reports
The latest confirmation statement submitted ten months ago.
Last news
-
Previous accounting period shortened from 2024-06-30 to 2024-05-31Download 1 page pdf report
-
Unaudited abridged accounts made up to 2024-05-31Download 7 pages pdf report
-
Confirmation statement made on 2024-06-11 with updatesDownload 4 pages pdf report
FAQ about Yet Design Studio Limited
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