Registered number
04443224
Young Cole & Davies Properties Ltd
Filleted Accounts
31 March 2023
Young Cole & Davies Properties Ltd
Registered number: 04443224
Balance Sheet
as at 31 March 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 1,337 1,313
1,337 1,313
Current assets
Debtors 4 30,838 21,645
Cash at bank and in hand 5,741 8,833
36,579 30,478
Creditors: amounts falling due within one year 5 (4,699) (4,359)
Net current assets 31,880 26,119
Total assets less current liabilities 33,217 27,432
Creditors: amounts falling due after more than one year 6 (12,338) (12,604)
Net assets 20,879 14,828
Capital and reserves
Called up share capital 100 100
Profit and loss account 20,779 14,728
Shareholders' funds 20,879 14,828
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Stephen Davies
Director
Approved by the board on 7 November 2023
Young Cole & Davies Properties Ltd
Notes to the Accounts
for the year ended 31 March 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 25% Reducing Balance
Debtors
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.
Creditors
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.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company - -
3 Tangible fixed assets
Plant and machinery etc Total
£ £
Cost
At 1 April 2022 2,569 2,569
Additions 470 470
At 31 March 2023 3,039 3,039
Depreciation
At 1 April 2022 1,256 1,256
Charge for the year 446 446
At 31 March 2023 1,702 1,702
Net book value
At 31 March 2023 1,337 1,337
At 31 March 2022 1,313 1,313
4 Debtors 2023 2022
£ £
Trade debtors 21,256 12,062
Other debtors 9,582 9,583
30,838 21,645
5 Creditors: amounts falling due within one year 2023 2022
£ £
Corporation Tax 2,319 1,979
Other creditors 2,380 2,380
4,699 4,359
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 12,338 12,604
12,338 12,604
7 Other information
Young Cole & Davies Properties Ltd is a private company limited by shares and incorporated in England. Its registered office is:
H Plaskow & Co
Chartered Certified Accountants
208 Green Lanes
Palmers Green
London
N13 5UE
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