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REGISTERED NUMBER: 06899892 (England and Wales)











Financial Statements

for the Year Ended 31 July 2023

for

MANETTI YOUNG LIMITED

MANETTI YOUNG LIMITED (REGISTERED NUMBER: 06899892)






Contents of the Financial Statements
for the Year Ended 31 July 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


MANETTI YOUNG LIMITED

Company Information
for the Year Ended 31 July 2023







DIRECTOR: Mrs V N Persaud





REGISTERED OFFICE: 42 Lytton Road
Barnet
Hertfordshire
EN5 5BY





REGISTERED NUMBER: 06899892 (England and Wales)





ACCOUNTANTS: Jeff Lermer & Associates
Chartered Accountants
42 Lytton Road
Barnet
Hertfordshire
EN5 5BY

MANETTI YOUNG LIMITED (REGISTERED NUMBER: 06899892)

Balance Sheet
31 July 2023

31.7.23 31.7.22
Notes £    £   
CURRENT ASSETS
Debtors 4 10,779 9,404
Cash at bank 16,710 5,103
27,489 14,507
CREDITORS
Amounts falling due within one year 5 22,479 11,493
NET CURRENT ASSETS 5,010 3,014
TOTAL ASSETS LESS CURRENT
LIABILITIES

5,010

3,014

CAPITAL AND RESERVES
Called up share capital 6 1,000 1,000
Retained earnings 4,010 2,014
SHAREHOLDERS' FUNDS 5,010 3,014

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2023 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 19 October 2023 and were signed by:





Mrs V N Persaud - Director


MANETTI YOUNG LIMITED (REGISTERED NUMBER: 06899892)

Notes to the Financial Statements
for the Year Ended 31 July 2023

1. STATUTORY INFORMATION

Manetti Young 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 represents net invoiced sales of goods and services, excluding value added tax.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Other debtors 10,027 9,404
Directors' current accounts 752 -
10,779 9,404

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Trade creditors 1,394 3
Tax 468 246
Other creditors 20,617 11,244
22,479 11,493

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.7.23 31.7.22
value: £    £   
1,000 Ordinary £1 1,000 1,000

MANETTI YOUNG LIMITED (REGISTERED NUMBER: 06899892)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 July 2023 and 31 July 2022:

31.7.23 31.7.22
£    £   
Mrs V N Persaud
Balance outstanding at start of year - 949
Amounts advanced 752 -
Amounts repaid - (949 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 752 -

As at the balance sheet date, included in debtors due within one year is £752 (2022: £Nil), due and payable by the director. This amount was repaid within 9 months of the year end.

8. RELATED PARTY DISCLOSURES

During the year the company paid rent to both the directors amounting to £26,400 (2022: £26,400).

9. ULTIMATE CONTROLLING PARTY

The controlling party is Mrs. V. Persaud.