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REGISTERED NUMBER: 09719565 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2023

for

Young Professionals UK - Inspiring a New
Generation Ltd.

Young Professionals UK - Inspiring a New
Generation Ltd. (Registered number: 09719565)






Contents of the Financial Statements
for the Year Ended 30 June 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Young Professionals UK - Inspiring a New
Generation Ltd.

Company Information
for the Year Ended 30 June 2023







DIRECTOR: Mr D S Miller





REGISTERED OFFICE: 54 Heanor Road
Smalley
Ilkeston
Derbyshire
DE7 6DW





REGISTERED NUMBER: 09719565 (England and Wales)





ACCOUNTANTS: Beaumont Chapman Limited
Foxhall Lodge
Foxhall Road
Nottingham
Nottinghamshire
NG7 6LH

Young Professionals UK - Inspiring a New
Generation Ltd. (Registered number: 09719565)

Balance Sheet
30 June 2023

30.6.23 30.6.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 19,139 -
Tangible assets 5 25,375 36,146
44,514 36,146

CURRENT ASSETS
Debtors 6 150,413 211,084
Cash at bank 28,107 54,397
178,520 265,481
CREDITORS
Amounts falling due within one year 7 287,580 265,106
NET CURRENT (LIABILITIES)/ASSETS (109,060 ) 375
TOTAL ASSETS LESS CURRENT
LIABILITIES

(64,546

)

36,521

PROVISIONS FOR LIABILITIES 7,200 -
NET (LIABILITIES)/ASSETS (71,746 ) 36,521

CAPITAL AND RESERVES
Called up share capital 98 100
Capital redemption reserve 2 -
Retained earnings (71,846 ) 36,421
(71,746 ) 36,521

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2023 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.

Young Professionals UK - Inspiring a New
Generation Ltd. (Registered number: 09719565)

Balance Sheet - continued
30 June 2023


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 20 February 2024 and were signed by:





Mr D S Miller - Director


Young Professionals UK - Inspiring a New
Generation Ltd. (Registered number: 09719565)

Notes to the Financial Statements
for the Year Ended 30 June 2023

1. STATUTORY INFORMATION

Young Professionals UK - Inspiring a New Generation Ltd. 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.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of ten years.

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 - 50% on cost and 25% on cost

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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Young Professionals UK - Inspiring a New
Generation Ltd. (Registered number: 09719565)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 3 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
Additions 21,265
At 30 June 2023 21,265
AMORTISATION
Charge for year 2,126
At 30 June 2023 2,126
NET BOOK VALUE
At 30 June 2023 19,139

5. TANGIBLE FIXED ASSETS
Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 July 2022 44,390 5,595 49,985
Additions - 3,379 3,379
At 30 June 2023 44,390 8,974 53,364
DEPRECIATION
At 1 July 2022 11,098 2,741 13,839
Charge for year 11,097 3,053 14,150
At 30 June 2023 22,195 5,794 27,989
NET BOOK VALUE
At 30 June 2023 22,195 3,180 25,375
At 30 June 2022 33,292 2,854 36,146

Young Professionals UK - Inspiring a New
Generation Ltd. (Registered number: 09719565)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

6. DEBTORS
30.6.23 30.6.22
£    £   
Amounts falling due within one year:
Trade debtors 82,680 126,000
Other debtors 65,900 31,498
148,580 157,498

Amounts falling due after more than one year:
Other debtors 1,833 53,586

Aggregate amounts 150,413 211,084

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Trade creditors 50,473 3,889
Taxation and social security 44,525 48,158
Other creditors 192,582 213,059
287,580 265,106

8. SHARE TRANSACTION

During the year, the company bought back 2 shares from minority shareholders and the share capital was reduced accordingly.

9. RELATED PARTY DISCLOSURES

During the year loans totalling £34,737 (2022: £37,576) were made to a company controlled by Mr D Miller, a director and shareholder. The balance outstanding at the year end was £1,833 (2022: £53,586).

During the year, Mr D Miller charged the company £3,520 (2022: £3,840) in office rent.

At 30 June 2023, there was a balance of £3,869 owed by the director to the company. This balance was repaid after the year end.

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr D S Miller.