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Company Registration No. 11475479 (England and Wales)
Young Wealth Management Limited Unaudited accounts for the year ended 31 July 2023
Young Wealth Management Limited Unaudited accounts Contents
Page
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Young Wealth Management Limited Company Information for the year ended 31 July 2023
Directors
David Young Josie Dempsey
Company Number
11475479 (England and Wales)
Registered Office
c/o The Florins, 8 Lulworth Close Lulworth Close Hayling Island Hampshire PO11 0NY
Accountants
Babcock Tax & Accountancy Services Ltd The Florins, 8 Lulworth Close Hayling Island Hampshire PO11 0NY
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Young Wealth Management Limited Statement of financial position as at 31 July 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
240 
479 
Current assets
Cash at bank and in hand
154,589 
110,861 
Creditors: amounts falling due within one year
(28,702)
(18,811)
Net current assets
125,887 
92,050 
Net assets
126,127 
92,529 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
126,027 
92,429 
Shareholders' funds
126,127 
92,529 
For the year ending 31 July 2023 the company was entitled to exemption from audit 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 4 November 2023 and were signed on its behalf by
David Young Director Company Registration No. 11475479
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Young Wealth Management Limited Notes to the Accounts for the year ended 31 July 2023
1
Statutory information
Young Wealth Management Limited is a private company, limited by shares, registered in England and Wales, registration number 11475479. The registered office is c/o The Florins, 8 Lulworth Close, Lulworth Close, Hayling Island, Hampshire, PO11 0NY.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives: Computer equipment 33% SL
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 August 2022
1,418 
At 31 July 2023
1,418 
Depreciation
At 1 August 2022
939 
Charge for the year
239 
At 31 July 2023
1,178 
Net book value
At 31 July 2023
240 
At 31 July 2022
479 
5
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Taxes and social security
26,976 
17,155 
Loans from directors
70 
- 
Accruals
1,656 
1,656 
28,702 
18,811 
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Young Wealth Management Limited Notes to the Accounts for the year ended 31 July 2023
6
Average number of employees
During the year the average number of employees was 2 (2022: 2).
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