YOUNG BLACK PSYCH LTD

Company Registration Number:
12949657 (England and Wales)

Unaudited statutory accounts for the year ended 31 October 2023

Period of accounts

Start date: 01 November 2022

End date: 31 October 2023

YOUNG BLACK PSYCH LTD

Contents of the Financial Statements

for the Period Ended 31 October 2023

Company Information - 3
Profit and Loss Account - 4
Balance sheet - 5
Additional notes - 7
Balance sheet notes - 10

YOUNG BLACK PSYCH LTD

Company Information

for the Period Ended 31 October 2023




Director: Shyaam Bundy
Lauren Fernandes
Registered office: 86
Endsleigh Gardens
Ilford
England
IG1 3EG
Company Registration Number: 12949657 (England and Wales)

YOUNG BLACK PSYCH LTD

Profit and Loss Account

for the Period Ended 31 October 2023


Notes

2023
£

2022
£
Turnover 253 774
Cost of sales ( 18 ) ( 117 )
Gross Profit or (Loss) 235 657
Income from coronavirus (COVID-19) business support grants 0 0
Distribution Costs ( 0 ) ( 0 )
Administrative Expenses ( 636 ) ( 701 )
Other operating income 0 0
Operating Profit or (Loss) ( 401 ) ( 44 )
Interest Receivable and Similar Income 0 0
Interest Payable and Similar Charges - ( 0 )
Profit or (Loss) Before Tax ( 401 ) ( 44 )
Tax on Profit ( 400 ) ( 45 )
Profit or (Loss) for Period ( 801 ) ( 89 )

The notes form part of these financial statements

YOUNG BLACK PSYCH LTD

Balance sheet

As at 31 October 2023


Notes

2023
£

2022
£
Fixed assets
Intangible assets: 4 0 0
Tangible assets: 5 65 65
Total fixed assets: 65 65
Current assets
Stocks: 0 0
Debtors: 6 658 887
Cash at bank and in hand: 594 573
Total current assets: 1,252 1,460
Prepayments and accrued income: 0 0
Creditors: amounts falling due within one year: 7 ( 0 ) ( 0 )
Net current assets (liabilities): 1,252 1,460
Total assets less current liabilities: 1,317 1,525
Creditors: amounts falling due after more than one year: 8 ( 0 ) ( 0 )
Provision for liabilities: ( 0 ) ( 0 )
Accruals and deferred income: ( 0 ) ( 0 )
Total net assets (liabilities): 1,317 1,525

The notes form part of these financial statements

YOUNG BLACK PSYCH LTD

Balance sheet continued

As at 31 October 2023


Notes

2023
£

2022
£
Capital and reserves
Called up share capital: 1 1
Revaluation reserve: 9 0 0
Profit and loss account: 1,316 1,524
Shareholders funds: 1,317 1,525

For the year ending 31 October 2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 23 April 2024
And Signed On Behalf Of The Board By:

Name: Shyaam Bundy
Status: Director

The notes form part of these financial statements

YOUNG BLACK PSYCH LTD

Notes to the Financial Statements

for the Period Ended 31 October 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    The turnover represents amounts receivable for goods and services net of VAT and trade discounts according to the information available to us on
    Xero.

YOUNG BLACK PSYCH LTD

Notes to the Financial Statements

for the Period Ended 31 October 2023

  • 2. Employees


    2023

    2022
    Average number of employees during the period 2 2

YOUNG BLACK PSYCH LTD

Notes to the Financial Statements

for the Period Ended 31 October 2023

  • 3. Off balance sheet disclosure

    No

YOUNG BLACK PSYCH LTD

Notes to the Financial Statements

for the Period Ended 31 October 2023

4. Intangible assets

Other Total
Cost £ £
At 01 November 2022 0 0
Additions 0 0
Disposals ( 0 ) ( 0 )
Revaluations 0 0
Transfers 0 0
At 31 October 2023 0 0
Amortisation
Amortisation at 01 November 2022 0 0
Charge for year 0 0
On disposals ( 0 ) ( 0 )
Other adjustments 0 0
Amortisation at 31 October 2023 0 0
Net book value
Net book value at 31 October 2023 0 0
Net book value at 31 October 2022 0 0

YOUNG BLACK PSYCH LTD

Notes to the Financial Statements

for the Period Ended 31 October 2023

5. Tangible assets

Office equipment Total
Cost £ £
At 01 November 2022 65 65
Additions 0 0
Disposals ( 0 ) ( 0 )
Revaluations 0 0
Transfers 0 0
At 31 October 2023 65 65
Depreciation
At 01 November 2022 0 0
Charge for year 0 0
On disposals ( 0 ) ( 0 )
Other adjustments 0 0
At 31 October 2023 0 0
Net book value
At 31 October 2023 65 65
At 31 October 2022 65 65

Office Equipment

YOUNG BLACK PSYCH LTD

Notes to the Financial Statements

for the Period Ended 31 October 2023

6. Debtors


2023
£

2022
£
Trade debtors 0 0
Prepayments and accrued income 0 0
Other debtors 658 887
Total 658 887
Debtors due after more than one year: 658 887

Directors Loan Account

YOUNG BLACK PSYCH LTD

Notes to the Financial Statements

for the Period Ended 31 October 2023

7.Creditors: amounts falling due within one year note


2023
£

2022
£
Bank loans and overdrafts 0 0
Amounts due under finance leases and hire purchase contracts 0 0
Trade creditors 0 0
Taxation and social security 0 0
Accruals and deferred income 0 0
Other creditors 0 0
Total 0 0

No additional information.

YOUNG BLACK PSYCH LTD

Notes to the Financial Statements

for the Period Ended 31 October 2023

8.Creditors: amounts falling due after more than one year


2023
£

2022
£
Bank loans and overdrafts 0 0
Amounts due under finance leases and hire purchase contracts 0 0
Other creditors 0 0
Total 0 0

No additional information.

YOUNG BLACK PSYCH LTD

Notes to the Financial Statements

for the Period Ended 31 October 2023

9. Revaluation reserve


2023
£
Balance at 01 November 2022 0
Surplus or deficit after revaluation 0
Balance at 31 October 2023 0

No additional information.