2 false false false false false false false false false false true false false false false false false No description of principal activity 2022-09-01 Sage Accounts Production Advanced 2023 - FRS102_2023 xbrli:pure xbrli:shares iso4217:GBP 08644618 2022-09-01 2023-08-31 08644618 2023-08-31 08644618 2022-08-31 08644618 2021-09-01 2022-08-31 08644618 2022-08-31 08644618 2021-08-31 08644618 core:MotorVehicles 2022-09-01 2023-08-31 08644618 bus:Director2 2022-09-01 2023-08-31 08644618 core:MotorVehicles 2022-08-31 08644618 core:MotorVehicles 2023-08-31 08644618 core:WithinOneYear 2023-08-31 08644618 core:WithinOneYear 2022-08-31 08644618 core:ShareCapital 2023-08-31 08644618 core:ShareCapital 2022-08-31 08644618 core:RetainedEarningsAccumulatedLosses 2023-08-31 08644618 core:RetainedEarningsAccumulatedLosses 2022-08-31 08644618 core:MotorVehicles 2022-08-31 08644618 bus:SmallEntities 2022-09-01 2023-08-31 08644618 bus:AuditExemptWithAccountantsReport 2022-09-01 2023-08-31 08644618 bus:SmallCompaniesRegimeForAccounts 2022-09-01 2023-08-31 08644618 bus:PrivateLimitedCompanyLtd 2022-09-01 2023-08-31 08644618 bus:FullAccounts 2022-09-01 2023-08-31 08644618 core:ComputerEquipment 2022-09-01 2023-08-31 08644618 core:ComputerEquipment 2023-08-31 08644618 core:ComputerEquipment 2022-08-31
COMPANY REGISTRATION NUMBER: 08644618
Young Miller Limited
Filleted Unaudited Financial Statements
31 August 2023
Young Miller Limited
Statement of Financial Position
31 August 2023
2023
2022
Note
£
£
£
Fixed assets
Tangible assets
5
18,258
23,237
Current assets
Debtors
6
1,385
246
Cash at bank and in hand
99,899
142,779
---------
---------
101,284
143,025
Creditors: amounts falling due within one year
7
9,272
15,383
---------
---------
Net current assets
92,012
127,642
---------
---------
Total assets less current liabilities
110,270
150,879
---------
---------
Net assets
110,270
150,879
---------
---------
Capital and reserves
Called up share capital
100
100
Profit and loss account
110,170
150,779
---------
---------
Shareholders funds
110,270
150,879
---------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the income statement has not been delivered.
For the year ending 31 August 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Young Miller Limited
Statement of Financial Position (continued)
31 August 2023
These financial statements were approved by the board of directors and authorised for issue on 21 November 2023 , and are signed on behalf of the board by:
Ms Nicole Young
Director
Company registration number: 08644618
Young Miller Limited
Notes to the Financial Statements
Year ended 31 August 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 99 Kenton Road, Harrow, Middlesex, HA3 0AN and its principal place of business is 3 Narrow Street, London E14 8DP. The company's registered number is 08644618 .
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional and presentation currency of the entity.
Revenue recognition
The turnover shown in the profit and loss account represents sale and hire of costumes and equipment exclusive of Value Added Tax.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Tangible assets
The tangible assets are stated at cost less accumulated depreciation and any provisions for impairment .
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Motor Vehicles
-
15% reducing balance
Equipment
-
25% straight line
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities. Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability. Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 2 (2022: 2 ).
5. Tangible assets
Motor vehicles
Equipment
Total
£
£
£
Cost
At 1 September 2022 and 31 August 2023
33,196
3,157
36,353
--------
-------
--------
Depreciation
At 1 September 2022
9,959
3,157
13,116
Charge for the year
4,979
4,979
--------
-------
--------
At 31 August 2023
14,938
3,157
18,095
--------
-------
--------
Carrying amount
At 31 August 2023
18,258
18,258
--------
-------
--------
At 31 August 2022
23,237
23,237
--------
-------
--------
6. Debtors
2023
2022
£
£
Other debtors
1,385
246
-------
----
7. Creditors: amounts falling due within one year
2023
2022
£
£
Trade creditors
853
103
Corporation tax
1,002
Other creditors
8,419
14,278
-------
--------
9,272
15,383
-------
--------
8. Related party transactions
The company was under the control of Ms Nicole Young throughout the current and previous year.