REGISTERED NUMBER: |
Financial Statements |
for the Year Ended 30 June 2023 |
for |
Youth Engineering Scunthorpe Limited |
REGISTERED NUMBER: |
Financial Statements |
for the Year Ended 30 June 2023 |
for |
Youth Engineering Scunthorpe Limited |
Youth Engineering Scunthorpe Limited (Registered number: 09000532) |
Contents of the Financial Statements |
for the Year Ended 30 June 2023 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
Youth Engineering Scunthorpe Limited |
Company Information |
for the Year Ended 30 June 2023 |
DIRECTOR: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Suite 32/33 Normany Gateway, |
Lysaghts Way, |
Scunthorpe |
North Lincolnshire |
DN15 9YG |
Youth Engineering Scunthorpe Limited (Registered number: 09000532) |
Balance Sheet |
30 June 2023 |
2023 | 2022 |
Notes | £ | £ |
CURRENT ASSETS |
Debtors | 4 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 5 | ( |
) | ( |
) |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year | 6 | ( |
) | ( |
) |
NET (LIABILITIES)/ASSETS | ( |
) |
RESERVES |
Income and expenditure account | 7 | ( |
) |
( |
) |
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 surplus or deficit 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. |
Youth Engineering Scunthorpe Limited (Registered number: 09000532) |
Balance Sheet - continued |
30 June 2023 |
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 |
Youth Engineering Scunthorpe Limited (Registered number: 09000532) |
Notes to the Financial Statements |
for the Year Ended 30 June 2023 |
1. | STATUTORY INFORMATION |
Youth Engineering Scunthorpe Limited is a |
2. | ACCOUNTING POLICIES |
BASIS OF PREPARING THE FINANCIAL STATEMENTS |
The going concern principle is no longer appropriate as the company ceased to trade on 30th June 2022. |
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 |
TAXATION |
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 surplus or deficit 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 NIL (2022 - |
Youth Engineering Scunthorpe Limited (Registered number: 09000532) |
Notes to the Financial Statements - continued |
for the Year Ended 30 June 2023 |
4. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2023 | 2022 |
£ | £ |
Trade debtors |
Other debtors |
Tax | 606 | - |
Prepayments |
5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2023 | 2022 |
£ | £ |
Trade creditors |
Corporation tax |
Social security and other tax |
VAT | - | 15,551 |
Pension fund | - | 866 |
Accrued expenses |
6. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
2023 | 2022 |
£ | £ |
Other creditors |
7. | RESERVES |
Income |
and |
expenditure |
account |
£ |
At 1 July 2022 |
Deficit for the year | ( |
) |
At 30 June 2023 | ( |
) |
8. | OTHER FINANCIAL COMMITMENTS |
Clydesdale Bank PLC (Trading as Both Clydesdale and Yorkshire Bank) has a charge (charge code-090005320001) registered against company since 23/07/2014 as per below: |
Contains fixed charge. |
Contains floating charge. |
Floating charge covers all the property or undertaking of the company. |
Contains negative pledge. |
Youth Engineering Scunthorpe Limited (Registered number: 09000532) |
Notes to the Financial Statements - continued |
for the Year Ended 30 June 2023 |
9. | RELATED PARTY DISCLOSURES |
On 30th June 2023, the company owed its controlling charity, Youth Engineering Project, £149,526 (2022-£349,526). T Strawson is a trustee director of Youth Engineering Project. |
On 30th June 2023, Bradbury Group Limited, a company of which T Strawson is a director, owed the company £138,012 (2022-£296,148). |