IRIS Accounts Production v23.3.1.45 SC206163 Board of Directors 1.4.22 31.3.23 31.3.23 0 0 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhSC2061632022-03-31SC2061632023-03-31SC2061632022-04-012023-03-31SC2061632021-03-31SC2061632021-04-012022-03-31SC2061632022-03-31SC206163ns10:Originalns15:Scotland2022-04-012023-03-31SC206163ns14:PoundSterlingns10:Original2022-04-012023-03-31SC206163ns10:Originalns10:Director12022-04-012023-03-31SC206163ns10:Original2022-04-012023-03-31SC206163ns10:Original2023-03-31SC206163ns10:Originalns10:PrivateLimitedCompanyLtd2022-04-012023-03-31SC206163ns10:Originalns10:SmallEntities2022-04-012023-03-31SC206163ns10:Originalns10:AuditExempt-NoAccountantsReport2022-04-012023-03-31SC206163ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-04-012023-03-31SC206163ns10:SmallCompaniesRegimeForAccountsns10:Original2022-04-012023-03-31SC206163ns10:Originalns10:FullAccounts2022-04-012023-03-31SC206163ns10:Original2021-04-012022-03-31SC206163ns10:Originalns10:Director22022-04-012023-03-31SC206163ns10:CompanySecretary1ns10:Original2022-04-012023-03-31SC206163ns10:Originalns10:RegisteredOffice2022-04-012023-03-31SC206163ns10:Original2022-03-31SC206163ns10:Originalns5:CurrentFinancialInstruments2023-03-31SC206163ns10:Originalns5:CurrentFinancialInstruments2022-03-31SC206163ns5:ShareCapitalns10:Original2023-03-31SC206163ns5:ShareCapitalns10:Original2022-03-31SC206163ns10:Originalns5:FurtherSpecificReserve3ComponentTotalEquity2023-03-31SC206163ns10:Originalns5:FurtherSpecificReserve3ComponentTotalEquity2022-03-31SC206163ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-03-31SC206163ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-03-31SC206163ns10:Originalns5:PlantMachinery2022-04-012023-03-31SC206163ns10:Originalns5:PlantMachinery2022-03-31SC206163ns10:Originalns5:PlantMachinery2023-03-31SC206163ns10:Originalns5:FurtherSpecificReserve3ComponentTotalEquity2022-03-31
REGISTERED NUMBER: SC206163 (Scotland)




















Young Computer Consultancy Limited

Unaudited Financial Statements

for the Year Ended 31 March 2023






Young Computer Consultancy Limited (Registered number: SC206163)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Young Computer Consultancy Limited

Company Information
for the Year Ended 31 March 2023







DIRECTORS: M Young
K C Young





SECRETARY: M Young





REGISTERED OFFICE: 1 Bass Rock View
North Berwick
East Lothian
EH39 5PJ





REGISTERED NUMBER: SC206163 (Scotland)





ACCOUNTANTS: Whitelaw Wells
The Lighthouse
Heugh Road
North Berwick
EH39 5PX

Young Computer Consultancy Limited (Registered number: SC206163)

Balance Sheet
31 March 2023

2023 2022
Notes £    £   
CURRENT ASSETS
Investments 5 38,770 124,081
Cash at bank 7,809 4,037
46,579 128,118
CREDITORS
Amounts falling due within one year 6 8,716 8,033
NET CURRENT ASSETS 37,863 120,085
TOTAL ASSETS LESS CURRENT
LIABILITIES

37,863

120,085

CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve 7 7,852 26,425
Retained earnings 29,911 93,560
SHAREHOLDERS' FUNDS 37,863 120,085

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Young Computer Consultancy Limited (Registered number: SC206163)

Balance Sheet - continued
31 March 2023


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 Board of Directors and authorised for issue on 13 November 2023 and were signed on its behalf by:





M Young - Director


Young Computer Consultancy Limited (Registered number: SC206163)

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

1. STATUTORY INFORMATION

Young Computer Consultancy Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on cost and 10% on cost

Financial instruments
The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

All loans with related parties are all repayable on demand.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Turnover and revenue recognition
The company did not trade during the current year but received income from its investments.

Current asset investments
Current asset investments are stated at their fair value at the balance sheet date. Any surplus or deficit arising from changes in fair value are recognised in the profit and loss account for the year,

Deferred taxation is provided on any fair value surplus at the rate expected to apply when the investments are sold.

3. EMPLOYEES AND DIRECTORS

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

Young Computer Consultancy Limited (Registered number: SC206163)

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2022
and 31 March 2023 2,500
DEPRECIATION
At 1 April 2022
and 31 March 2023 2,500
NET BOOK VALUE
At 31 March 2023 -

5. CURRENT ASSET INVESTMENTS

If the listed investments had not been revalued they would have been included at the following historical cost:

2023 2022
£ £
Cost 30,952 97,653


Listed investments were valued on an open market basis on 31 March 2023 by the portfolio managers.

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other creditors 8,716 8,033

7. RESERVES
Fair
value
reserve
£   
At 1 April 2022 26,425
Transfer between reserves (18,573 )

At 31 March 2023 7,852