2023-01-012023-12-312023-12-31false13697682YOUNGONES.WORKS LTD2024-02-1263120iso4217:GBPxbrli:pure136976822023-01-01136976822023-12-31136976822023-01-012023-12-31136976822021-10-22136976822022-12-31136976822021-10-222022-12-3113697682bus:SmallEntities2023-01-012023-12-3113697682bus:AuditExempt-NoAccountantsReport2023-01-012023-12-3113697682bus:FullAccounts2023-01-012023-12-3113697682bus:PrivateLimitedCompanyLtd2023-01-012023-12-3113697682core:WithinOneYear2023-12-3113697682core:AfterOneYear2023-12-3113697682core:WithinOneYear2022-12-3113697682core:AfterOneYear2022-12-3113697682core:ShareCapital2023-12-3113697682core:SharePremium2023-12-3113697682core:RevaluationReserve2023-12-3113697682core:OtherReservesSubtotal2023-12-3113697682core:RetainedEarningsAccumulatedLosses2023-12-3113697682core:ShareCapital2022-12-3113697682core:SharePremium2022-12-3113697682core:RevaluationReserve2022-12-3113697682core:OtherReservesSubtotal2022-12-3113697682core:RetainedEarningsAccumulatedLosses2022-12-3113697682core:LandBuildings2023-12-3113697682core:PlantMachinery2023-12-3113697682core:Vehicles2023-12-3113697682core:FurnitureFittings2023-12-3113697682core:OfficeEquipment2023-12-3113697682core:NetGoodwill2023-12-3113697682core:IntangibleAssetsOtherThanGoodwill2023-12-3113697682core:ListedExchangeTraded2023-12-3113697682core:UnlistedNon-exchangeTraded2023-12-3113697682core:LandBuildings2022-12-3113697682core:PlantMachinery2022-12-3113697682core:Vehicles2022-12-3113697682core:FurnitureFittings2022-12-3113697682core:OfficeEquipment2022-12-3113697682core:NetGoodwill2022-12-3113697682core:IntangibleAssetsOtherThanGoodwill2022-12-3113697682core:ListedExchangeTraded2022-12-3113697682core:UnlistedNon-exchangeTraded2022-12-3113697682core:LandBuildings2023-01-012023-12-3113697682core:PlantMachinery2023-01-012023-12-3113697682core:Vehicles2023-01-012023-12-3113697682core:FurnitureFittings2023-01-012023-12-3113697682core:OfficeEquipment2023-01-012023-12-3113697682core:NetGoodwill2023-01-012023-12-3113697682core:IntangibleAssetsOtherThanGoodwill2023-01-012023-12-3113697682core:ListedExchangeTraded2023-01-012023-12-3113697682core:UnlistedNon-exchangeTraded2023-01-012023-12-3113697682core:MoreThanFiveYears2023-01-012023-12-3113697682core:Non-currentFinancialInstruments2023-12-3113697682core:Non-currentFinancialInstruments2022-12-3113697682dpl:CostSales2023-01-012023-12-3113697682dpl:DistributionCosts2023-01-012023-12-3113697682core:LandBuildings2023-01-012023-12-3113697682core:PlantMachinery2023-01-012023-12-3113697682core:Vehicles2023-01-012023-12-3113697682core:FurnitureFittings2023-01-012023-12-3113697682core:OfficeEquipment2023-01-012023-12-3113697682dpl:AdministrativeExpenses2023-01-012023-12-3113697682core:NetGoodwill2023-01-012023-12-3113697682core:IntangibleAssetsOtherThanGoodwill2023-01-012023-12-3113697682dpl:GroupUndertakings2023-01-012023-12-3113697682dpl:ParticipatingInterests2023-01-012023-12-3113697682dpl:GroupUndertakingscore:ListedExchangeTraded2023-01-012023-12-3113697682core:ListedExchangeTraded2023-01-012023-12-3113697682dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2023-01-012023-12-3113697682core:UnlistedNon-exchangeTraded2023-01-012023-12-3113697682dpl:CostSales2021-10-222022-12-3113697682dpl:DistributionCosts2021-10-222022-12-3113697682core:LandBuildings2021-10-222022-12-3113697682core:PlantMachinery2021-10-222022-12-3113697682core:Vehicles2021-10-222022-12-3113697682core:FurnitureFittings2021-10-222022-12-3113697682core:OfficeEquipment2021-10-222022-12-3113697682dpl:AdministrativeExpenses2021-10-222022-12-3113697682core:NetGoodwill2021-10-222022-12-3113697682core:IntangibleAssetsOtherThanGoodwill2021-10-222022-12-3113697682dpl:GroupUndertakings2021-10-222022-12-3113697682dpl:ParticipatingInterests2021-10-222022-12-3113697682dpl:GroupUndertakingscore:ListedExchangeTraded2021-10-222022-12-3113697682core:ListedExchangeTraded2021-10-222022-12-3113697682dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2021-10-222022-12-3113697682core:UnlistedNon-exchangeTraded2021-10-222022-12-3113697682core:NetGoodwill2023-12-3113697682core:IntangibleAssetsOtherThanGoodwill2023-12-3113697682core:LandBuildings2023-12-3113697682core:PlantMachinery2023-12-3113697682core:Vehicles2023-12-3113697682core:FurnitureFittings2023-12-3113697682core:OfficeEquipment2023-12-3113697682core:AfterOneYear2023-12-3113697682core:WithinOneYear2023-12-3113697682core:ListedExchangeTraded2023-12-3113697682core:UnlistedNon-exchangeTraded2023-12-3113697682core:ShareCapital2023-12-3113697682core:SharePremium2023-12-3113697682core:RevaluationReserve2023-12-3113697682core:OtherReservesSubtotal2023-12-3113697682core:RetainedEarningsAccumulatedLosses2023-12-3113697682core:NetGoodwill2022-12-3113697682core:IntangibleAssetsOtherThanGoodwill2022-12-3113697682core:LandBuildings2022-12-3113697682core:PlantMachinery2022-12-3113697682core:Vehicles2022-12-3113697682core:FurnitureFittings2022-12-3113697682core:OfficeEquipment2022-12-3113697682core:AfterOneYear2022-12-3113697682core:WithinOneYear2022-12-3113697682core:ListedExchangeTraded2022-12-3113697682core:UnlistedNon-exchangeTraded2022-12-3113697682core:ShareCapital2022-12-3113697682core:SharePremium2022-12-3113697682core:RevaluationReserve2022-12-3113697682core:OtherReservesSubtotal2022-12-3113697682core:RetainedEarningsAccumulatedLosses2022-12-3113697682core:NetGoodwill2021-10-2213697682core:IntangibleAssetsOtherThanGoodwill2021-10-2213697682core:LandBuildings2021-10-2213697682core:PlantMachinery2021-10-2213697682core:Vehicles2021-10-2213697682core:FurnitureFittings2021-10-2213697682core:OfficeEquipment2021-10-2213697682core:AfterOneYear2021-10-2213697682core:WithinOneYear2021-10-2213697682core:ListedExchangeTraded2021-10-2213697682core:UnlistedNon-exchangeTraded2021-10-2213697682core:ShareCapital2021-10-2213697682core:SharePremium2021-10-2213697682core:RevaluationReserve2021-10-2213697682core:OtherReservesSubtotal2021-10-2213697682core:RetainedEarningsAccumulatedLosses2021-10-2213697682core:AfterOneYear2023-01-012023-12-3113697682core:WithinOneYear2023-01-012023-12-3113697682core:Non-currentFinancialInstrumentscore:CostValuation2023-01-012023-12-3113697682core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2023-01-012023-12-3113697682core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2023-01-012023-12-3113697682core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2023-01-012023-12-3113697682core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2023-01-012023-12-3113697682core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2023-01-012023-12-3113697682core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2023-01-012023-12-3113697682core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2023-01-012023-12-3113697682core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2023-01-012023-12-3113697682core:Non-currentFinancialInstrumentscore:CostValuation2023-12-3113697682core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2023-12-3113697682core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2023-12-3113697682core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2023-12-3113697682core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2023-12-3113697682core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2023-12-3113697682core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2023-12-3113697682core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2023-12-3113697682core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2023-12-3113697682core:Non-currentFinancialInstrumentscore:CostValuation2022-12-3113697682core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2022-12-3113697682core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2022-12-3113697682core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2022-12-3113697682core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2022-12-3113697682core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2022-12-3113697682core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2022-12-3113697682core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2022-12-3113697682core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2022-12-3113697682bus:Director12023-01-012023-12-3113697682core:FurnitureFittingsToolsEquipment2023-01-012023-12-3113697682core:FurnitureFittingsToolsEquipment2023-12-3113697682core:FurnitureFittingsToolsEquipment2022-12-31

YOUNGONES.WORKS LTD

Registered Number
13697682
(England and Wales)

Unaudited Financial Statements for the Year ended
31 December 2023

YOUNGONES.WORKS LTD
Company Information
for the year from 1 January 2023 to 31 December 2023

Director

BOSVELD, Bram Olof

Registered Address

167-169 Great Portland Street
Fifth Floor
London
W1W 5PF

Registered Number

13697682 (England and Wales)
YOUNGONES.WORKS LTD
Balance Sheet as at
31 December 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Tangible assets530,655-
30,655-
Current assets
Debtors6215,749173,263
Cash at bank and on hand73,64530,303
289,394203,566
Creditors amounts falling due within one year7(1,865,394)(625,306)
Net current assets (liabilities)(1,576,000)(421,740)
Total assets less current liabilities(1,545,345)(421,740)
Net assets(1,545,345)(421,740)
Capital and reserves
Called up share capital1,0001,000
Profit and loss account(1,546,345)(422,740)
Shareholders' funds(1,545,345)(421,740)
The financial statements were approved and authorised for issue by the Director on 12 February 2024, and are signed on its behalf by:
BOSVELD, Bram Olof
Director
Registered Company No. 13697682
YOUNGONES.WORKS LTD
Notes to the Financial Statements
for the year ended 31 December 2023

1.Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
2.Compliance with applicable reporting framework
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
3.Accounting policies
Property, plant and equipment policy
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Straight line (years)
Fixtures and fittings5
Revenue recognition policy
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Foreign currency translation and operations policy
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Employee benefits policy
Contributions to defined contribution plans are expensed in the period to which they relate.
4.Employee information

20232022
Average number of employees during the year83
5.Property, plant and equipment

Fixtures & fittings

Total

££
Cost or valuation
Additions34,38534,385
At 31 December 2334,38534,385
Depreciation and impairment
Charge for year3,7303,730
At 31 December 233,7303,730
Net book value
At 31 December 2330,65530,655
At 31 December 22--
6.Debtors

2023

2022

££
Trade debtors / trade receivables176,973128,995
Prepayments and accrued income20,52644,268
Other debtors (Non-current)18,250-
Total215,749173,263
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
7.Creditors within one year

2023

2022

££
Trade creditors / trade payables17,48322,841
Amounts owed to related parties1,776,050547,017
Taxation and social security71,86155,448
Total1,865,394625,306
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.