Company Registration No. 13596871 (England and Wales)
YoungCapital Solutions. UK Ltd
Unaudited accounts
for the year ended 31 December 2023
YoungCapital Solutions. UK Ltd
Unaudited accounts
Contents
YoungCapital Solutions. UK Ltd
Company Information
for the year ended 31 December 2023
Company Number
13596871 (England and Wales)
Registered Office
71-75 SHELTON STREET
COVENT GARDEN
LONDON
WC2H 9JQ
UNITED KINGDOM
YoungCapital Solutions. UK Ltd
Statement of financial position
as at 31 December 2023
Cash at bank and in hand
59,343
17,794
Creditors: amounts falling due within one year
(49,248)
(28,555)
Net current assets
107,625
234,702
Total assets less current liabilities
107,625
234,702
Creditors: amounts falling due after more than one year
(88,251)
(227,487)
Called up share capital
100
100
Profit and loss account
19,274
7,115
Shareholders' funds
19,374
7,215
For the year 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 April 2024 and were signed on its behalf by
Bram Bosveld
Director
Company Registration No. 13596871
YoungCapital Solutions. UK Ltd
Notes to the Accounts
for the year ended 31 December 2023
YoungCapital Solutions. UK Ltd is a private company, limited by shares, registered in England and Wales, registration number 13596871. The registered office is 71-75 SHELTON STREET, COVENT GARDEN, LONDON, WC2H 9JQ, UNITED KINGDOM.
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.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
The directors have considered the effect of the Covid-19 outbreak. The directors consider that the outbreak is unlikely to cause a significant disruption to the company’s business and are confident that the company can continue as a going concern for a period of at least twelve months from the date of approval of these financial statements. The directors have a reasonable expectation that the company has adequate resources to continue in operation for the foreseeable future.
Cash and cash equivalents
Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks.
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
The costs of short-term employee benefits are recognised as a liability and an expense.
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
Amounts falling due within one year
Trade debtors
88,890
77,634
Accrued income and prepayments
8,640
20,663
YoungCapital Solutions. UK Ltd
Notes to the Accounts
for the year ended 31 December 2023
5
Creditors: amounts falling due within one year
2023
2022
Trade creditors
1,854
3,339
Taxes and social security
36,149
24,424
6
Creditors: amounts falling due after more than one year
2023
2022
Amounts owed to group undertakings and other participating interests
88,251
227,487
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
8
Average number of employees
During the year the average number of employees was 41 (2022: 33).