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REGISTERED NUMBER: SC206163 (Scotland)




















Young Computer Consultancy Limited

Unaudited Financial Statements

for the Period 1 April 2023 to 29 February 2024






Young Computer Consultancy Limited (Registered number: SC206163)






Contents of the Financial Statements
for the Period 1 April 2023 to 29 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Young Computer Consultancy Limited

Company Information
for the Period 1 April 2023 to 29 February 2024







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
29 February 2024

2024 2023
Notes £    £   
CURRENT ASSETS
Investments 5 - 38,770
Cash at bank 6,373 7,809
6,373 46,579
CREDITORS
Amounts falling due within one year 6 1,632 8,716
NET CURRENT ASSETS 4,741 37,863
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,741

37,863

CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve 7 - 7,852
Retained earnings 4,641 29,911
SHAREHOLDERS' FUNDS 4,741 37,863

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 29 February 2024 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
29 February 2024


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 14 March 2024 and were signed on its behalf by:





M Young - Director


Young Computer Consultancy Limited (Registered number: SC206163)

Notes to the Financial Statements
for the Period 1 April 2023 to 29 February 2024

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 period was NIL (2023 - NIL).

Young Computer Consultancy Limited (Registered number: SC206163)

Notes to the Financial Statements - continued
for the Period 1 April 2023 to 29 February 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 2,500
Disposals (2,500 )
At 29 February 2024 -
DEPRECIATION
At 1 April 2023 2,500
Eliminated on disposal (2,500 )
At 29 February 2024 -
NET BOOK VALUE
At 29 February 2024 -

5. CURRENT ASSET INVESTMENTS
2024 2023
£    £   
Investments - 38,770

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other creditors 1,632 8,716

7. RESERVES
Fair
value
reserve
£   
At 1 April 2023 7,852
Transfer between reserves (7,852 )

At 29 February 2024 -