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REGISTERED NUMBER: 08806124 (England and Wales)














Financial Statements for the Year Ended 29 December 2022

for

Supporting Young Futures Limited

Supporting Young Futures Limited (Registered number: 08806124)






Contents of the Financial Statements
for the Year Ended 29 December 2022




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Supporting Young Futures Limited

Company Information
for the Year Ended 29 December 2022







DIRECTOR: Mr P Brown





REGISTERED OFFICE: 119a George Lane
South Woodford
London
E18 1AN





REGISTERED NUMBER: 08806124 (England and Wales)





ACCOUNTANTS: Nordens
The Retreat
406 Roding Lane South
Woodford Green
Essex
IG8 8EY

Supporting Young Futures Limited (Registered number: 08806124)

Statement of Financial Position
29 December 2022

29.12.22 29.12.21
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 8,942 4,101

CURRENT ASSETS
Debtors 5 153,753 68,571
Cash at bank and in hand 28,548 39,484
182,301 108,055
CREDITORS
Amounts falling due within one year 6 296,644 259,654
NET CURRENT LIABILITIES (114,343 ) (151,599 )
TOTAL ASSETS LESS CURRENT LIABILITIES (105,401 ) (147,498 )

CREDITORS
Amounts falling due after more than one
year

7

24,945

35,028
NET LIABILITIES (130,346 ) (182,526 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (130,446 ) (182,626 )
SHAREHOLDERS' FUNDS (130,346 ) (182,526 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 December 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 December 2022 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.

Supporting Young Futures Limited (Registered number: 08806124)

Statement of Financial Position - continued
29 December 2022


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 director and authorised for issue on 13 March 2024 and were signed by:





Mr P Brown - Director


Supporting Young Futures Limited (Registered number: 08806124)

Notes to the Financial Statements
for the Year Ended 29 December 2022

1. STATUTORY INFORMATION

Supporting Young Futures 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.
Fixtures and fittings - 15% on reducing balance
Computer equipment - 25% on reducing balance

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 statement of financial position date.

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.

Going concern
The financial statements have been prepared on the going concern basis. The director is of the opinion that the shareholders will continue to support it, and provide adequate funding when necessary to enable it to meet its obligations for the foreseeable future, being for a period of at least twelve months from the date of approval of the financial statements.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 21 (2021 - 23 ) .

Supporting Young Futures Limited (Registered number: 08806124)

Notes to the Financial Statements - continued
for the Year Ended 29 December 2022

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 30 December 2021 8,915 994 9,909
Additions - 4,841 4,841
At 29 December 2022 8,915 5,835 14,750
DEPRECIATION
At 30 December 2021
and 29 December 2022 4,959 849 5,808
NET BOOK VALUE
At 29 December 2022 3,956 4,986 8,942
At 29 December 2021 3,956 145 4,101

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.12.22 29.12.21
£    £   
Amounts owed by associates 62,560 -
Other debtors 91,193 68,571
153,753 68,571

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.12.22 29.12.21
£    £   
Bank loans and overdrafts 9,890 9,646
Taxation and social security 208,140 194,737
Other creditors 78,614 55,271
296,644 259,654

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
29.12.22 29.12.21
£    £   
Bank loans 24,945 35,028

8. RELATED PARTY DISCLOSURES

The Director Mr Brown is considered to be key management personnel.