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REGISTERED NUMBER: 11768971 (England and Wales)














Unaudited Financial Statements

for the Period

30th March 2022 to 31st March 2023

for

Youth Hubz Ltd

Youth Hubz Ltd (Registered number: 11768971)






Contents of the Financial Statements
for the Period 30th March 2022 to 31st March 2023




Page

Abridged Balance Sheet 1

Notes to the Financial Statements 3


Youth Hubz Ltd (Registered number: 11768971)

Abridged Balance Sheet
31st March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 170,945 187,816

CURRENT ASSETS
Debtors 890,027 616,120
Cash at bank and in hand 127,383 28,003
1,017,410 644,123
CREDITORS
Amounts falling due within one year 363,035 268,999
NET CURRENT ASSETS 654,375 375,124
TOTAL ASSETS LESS CURRENT
LIABILITIES

825,320

562,940

CREDITORS
Amounts falling due after more than one
year

6

(95,167

)

(138,411

)

PROVISIONS FOR LIABILITIES (14,261 ) (12,653 )
NET ASSETS 715,892 411,876

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 715,792 411,776
SHAREHOLDERS' FUNDS 715,892 411,876

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31st March 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 31st March 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.

Youth Hubz Ltd (Registered number: 11768971)

Abridged Balance Sheet - continued
31st March 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the period ended 31st March 2023 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 29th March 2024 and were signed by:





Mr G K Barker - Director


Youth Hubz Ltd (Registered number: 11768971)

Notes to the Financial Statements
for the Period 30th March 2022 to 31st March 2023

1. STATUTORY INFORMATION

Youth Hubz Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 11768971

Registered office: Thorpe House
61 Richardshaw Lane
Stanningley
Pudsey
LS28 7EL

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Revenue recognition
Sales comprise the fair value of the consideration received or receivable for the rendering of services in the ordinary course of the company's activities. Sales are presented, net of value-added tax, rebates and discounts.

The company recognises revenue when the amount of revenue can be reliably measured, it is probable that future economic benefits will flow to the entity and when specific criteria have been met for each of the company's activities as follows:

Rendering of services
Revenue from the rendering of services is recognised at the point at which those services have been provided to the customer. Where payments are received from customers in advance of services provided, the amounts are recorded as deferred income and included as part of creditors due within one year. They are subsequently released to the profit and loss in the period the services are rendered.

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 - 33% on cost
Fixtures and fittings - 20% on cost
Motor vehicles - 15% on cost
Computer equipment - 33% on cost

Youth Hubz Ltd (Registered number: 11768971)

Notes to the Financial Statements - continued
for the Period 30th March 2022 to 31st March 2023

3. ACCOUNTING POLICIES - continued

Government grants
Grants are classified either as a grant relating to revenue or a grant relating to assets. Grants relating to revenue are recognised on a systematic basis over the periods in which the company recognises the related costs for which the grant is intended to compensate. A grant that becomes receivable as compensation for expenses or losses already incurred or for the purpose of giving immediate financial support with no future related costs is recognised in income in the period in which it becomes receivable. Grants relating to assets are recognised in income on a systematic basis over the expected useful life of the asset. Where part of a grant relating to an asset is deferred it is recognised as deferred income and not deducted from the carrying amount of the asset.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities
Basic financial liabilities, including creditors and loans from fellow group companies are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Financial instruments
The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, such as the payment of a trade debt deferred beyond normal business terms or in case of an out-right short-term loan that is not at market rate, the financial asset or liability is measured, initially at the present value of future cash flows discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost, unless it qualifies as a loan from a director.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the profit and loss.

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


Youth Hubz Ltd (Registered number: 11768971)

Notes to the Financial Statements - continued
for the Period 30th March 2022 to 31st March 2023

3. ACCOUNTING POLICIES - continued
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 period 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.

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 56 (2022 - 43 ) .

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 30th March 2022 228,871
Additions 31,362
At 31st March 2023 260,233
DEPRECIATION
At 30th March 2022 41,055
Charge for period 48,233
At 31st March 2023 89,288
NET BOOK VALUE
At 31st March 2023 170,945
At 29th March 2022 187,816

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE
YEARS
2023 2022
£    £   
Repayable by instalments
Bank loans more 5 yr by instal 12,927 -

Youth Hubz Ltd (Registered number: 11768971)

Notes to the Financial Statements - continued
for the Period 30th March 2022 to 31st March 2023

7. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the periods ended 31st March 2023 and 29th March 2022:

2023 2022
£    £   
Mr G K Barker
Balance outstanding at start of period 112,757 2,820
Amounts advanced - 119,134
Amounts repaid (112,757 ) (9,197 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of period - 112,757