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Company Registration No. 14589726 (England and Wales)
Younique Development Ltd Unaudited accounts for the period from 12 January 2023 to 31 December 2023
Younique Development Ltd Unaudited accounts Contents
Page
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Younique Development Ltd Company Information for the period from 12 January 2023 to 31 December 2023
Director
Benjamin Sheath
Company Number
14589726 (England and Wales)
Registered Office
The Offices 57 Newtown Road Brighton BN3 7BA England
Accountants
Small Business Accountancy 18 Stoney Hill Rastrick Brighouse West Yorkshire HD6 3BP
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Younique Development Ltd Statement of financial position as at 31 December 2023
2023 
Notes
£ 
Fixed assets
Tangible assets
325 
Current assets
Debtors
6,389 
Cash at bank and in hand
27,016 
33,405 
Creditors: amounts falling due within one year
(25,500)
Net current assets
7,905 
Total assets less current liabilities
8,230 
Provisions for liabilities
Deferred tax
(68)
Net assets
8,162 
Capital and reserves
Called up share capital
1 
Profit and loss account
8,161 
Shareholders' funds
8,162 
For the period ending 31 December 2023 the company was entitled to exemption from audit 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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 5 February 2024 and were signed on its behalf by
Benjamin Sheath Director Company Registration No. 14589726
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Younique Development Ltd Notes to the Accounts for the period from 12 January 2023 to 31 December 2023
1
Statutory information
Younique Development Ltd is a private company, limited by shares, registered in England and Wales, registration number 14589726. The registered office is The Offices, 57 Newtown Road, Brighton, BN3 7BA, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
25% reducing balance
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 12 January 2023
- 
Additions
429 
At 31 December 2023
429 
Depreciation
Charge for the period
104 
At 31 December 2023
104 
Net book value
At 31 December 2023
325 
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Younique Development Ltd Notes to the Accounts for the period from 12 January 2023 to 31 December 2023
5
Debtors
2023 
£ 
Amounts falling due within one year
Trade debtors
4,530 
Accrued income and prepayments
1,859 
6,389 
6
Creditors: amounts falling due within one year
2023 
£ 
VAT
5,948 
Taxes and social security
14,779 
Loans from directors
3,215 
Accruals
1,558 
25,500 
7
Deferred taxation
2023 
£ 
Accelerated capital allowances
68 
2023 
£ 
Charged to the profit and loss account
68 
Provision at end of period
68 
8
Share capital
2023 
£ 
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1 
9
Transactions with related parties
The company is in receipt of a loan amounting to £3,215.00 from a member of key management personnel. The loan is payable on demand and the rate of interest charged is 0%. At the balance sheet date, the loan was still outstanding and is presented within creditors: amounts falling due within one year.
10
Average number of employees
During the period the average number of employees was 1.
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