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REGISTERED NUMBER: 04448775 (England and Wales)














Young & Young Building Services Limited

Unaudited Financial Statements

for the Year Ended 31 March 2023






Young & Young Building Services Limited (Registered number: 04448775)






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 & Young Building Services Limited

Company Information
for the Year Ended 31 March 2023







DIRECTOR: N.A. Young



SECRETARY: N.A. Young



REGISTERED OFFICE: 142 London Road
Waterlooville
Hampshire
PO7 5ST



REGISTERED NUMBER: 04448775 (England and Wales)



ACCOUNTANTS: Barter Durgan
Chartered Accountants
10, Victoria Road South
Southsea
Hampshire
PO5 2DA



BANKERS: HSBC Bank
118 Commercial Road
Portsmouth
Hampshire
PO1 1EP

Young & Young Building Services Limited (Registered number: 04448775)

Balance Sheet
31 March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 33,066 18,769

CURRENT ASSETS
Debtors 5 17,157 5,343
Cash at bank 21,130 62,914
38,287 68,257
CREDITORS
Amounts falling due within one year 6 17,720 35,503
NET CURRENT ASSETS 20,567 32,754
TOTAL ASSETS LESS CURRENT
LIABILITIES

53,633

51,523

PROVISIONS FOR LIABILITIES 7 6,283 3,566
NET ASSETS 47,350 47,957

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 46,350 46,957
SHAREHOLDERS' FUNDS 47,350 47,957

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 director acknowledges his 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 & Young Building Services Limited (Registered number: 04448775)

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 28 November 2023 and were signed by:




N.A. Young - Director



G.R. Young - Director


Young & Young Building Services Limited (Registered number: 04448775)

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

1. STATUTORY INFORMATION

Young & Young Building Services 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.

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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Motor vehicles - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

3. EMPLOYEES AND DIRECTORS

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

Young & Young Building Services Limited (Registered number: 04448775)

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

4. TANGIBLE FIXED ASSETS
Motor
vehicles
£   
COST
At 1 April 2022 39,434
Additions 33,783
Disposals (39,434 )
At 31 March 2023 33,783
DEPRECIATION
At 1 April 2022 20,665
Charge for year 5,409
Eliminated on disposal (25,357 )
At 31 March 2023 717
NET BOOK VALUE
At 31 March 2023 33,066
At 31 March 2022 18,769

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 15,594 3,722
Prepayments 1,563 1,621
17,157 5,343

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts - 7,088
Trade creditors 956 5,554
Taxation 4,222 2,920
Social security and other taxes 307 179
VAT 4,056 7,352
Other creditors 2,280 5,918
Directors' current accounts 2,399 3,292
Accrued expenses 3,500 3,200
17,720 35,503

7. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax
Accelerated capital allowances 6,283 3,566

Young & Young Building Services Limited (Registered number: 04448775)

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

7. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 April 2022 3,566
Accelerated capital allowances 2,717
Balance at 31 March 2023 6,283

8. ULTIMATE CONTROLLING PARTY

There is no ultimate controlling party.