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YOUNGONES.WORKS LTD

Registered Number
13697682
(England and Wales)

Unaudited Financial Statements for the Period ended
31 December 2022

YOUNGONES.WORKS LTD
Company Information
for the period from 22 October 2021 to 31 December 2022

Director

BOSVELD, Bram Olof

Registered Address

1 Waterside Station Road
Harpenden
AL5 4US

Registered Number

13697682 (England and Wales)
YOUNGONES.WORKS LTD
Balance Sheet as at
31 December 2022

Notes

2022

£

£

Current assets
Debtors5173,263
Cash at bank and on hand30,303
203,566
Creditors amounts falling due within one year6(625,306)
Net current assets (liabilities)(421,740)
Total assets less current liabilities(421,740)
Net assets(421,740)
Capital and reserves
Called up share capital1,000
Profit and loss account(422,740)
Shareholders' funds(421,740)
The financial statements were approved and authorised for issue by the Director on 20 October 2023, and are signed on its behalf by:
BOSVELD, Bram Olof
Director
Registered Company No. 13697682
YOUNGONES.WORKS LTD
Notes to the Financial Statements
for the period ended 31 December 2022

1.Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
2.Compliance with applicable reporting framework
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
3.Accounting policies
Revenue recognition policy
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Foreign currency translation and operations policy
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Employee benefits policy
Contributions to defined contribution plans are expensed in the period to which they relate.
4.Employee information

2022
Average number of employees during the year3
5.Debtors

2022

£
Trade debtors / trade receivables128,995
Prepayments and accrued income44,268
Total173,263
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
6.Creditors within one year

2022

£
Trade creditors / trade payables569,859
Taxation and social security55,447
Total625,306
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.