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REGISTERED NUMBER: 06816280 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 March 2023

for

Youngsons Gloucester Ltd

Youngsons Gloucester Ltd (Registered number: 06816280)

Contents of the Financial Statements
for the Year Ended 31 March 2023










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Youngsons Gloucester Ltd

Company Information
for the Year Ended 31 March 2023







DIRECTOR: F N Young



REGISTERED OFFICE: 9 Perry Orchard
Upton St Leonards
Gloucester
Gloucestershire
GL4 8EH



REGISTERED NUMBER: 06816280 (England and Wales)



ACCOUNTANTS: HATS Gloucester Ltd
48 Hucclecote Road
Gloucester
Gloucestershire
GL3 3RS



BANKERS: Lloyds Bank
19 Eastgate Street
Gloucester
Gloucestershire
GL1 1NU

Youngsons Gloucester Ltd (Registered number: 06816280)

Statement of Financial Position
31 March 2023

31/3/23 31/3/22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,060 2,289

CURRENT ASSETS
Stocks 20,000 20,000
Debtors 5 11,722 -
Cash at bank 9,448 12,255
41,170 32,255
CREDITORS
Amounts falling due within one year 6 60,453 28,081
NET CURRENT (LIABILITIES)/ASSETS (19,283 ) 4,174
TOTAL ASSETS LESS CURRENT
LIABILITIES

(16,223

)

6,463

CREDITORS
Amounts falling due after more than one
year

7

(18,622

)

(5,067

)

PROVISIONS FOR LIABILITIES (454 ) (277 )
NET (LIABILITIES)/ASSETS (35,299 ) 1,119

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings (35,300 ) 1,118
SHAREHOLDERS' FUNDS (35,299 ) 1,119

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

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

Youngsons Gloucester Ltd (Registered number: 06816280)

Statement of Financial Position - continued
31 March 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 30 April 2024 and were signed by:





F N Young - Director


Youngsons Gloucester Ltd (Registered number: 06816280)

Notes to the Financial Statements
for the Year Ended 31 March 2023


1. STATUTORY INFORMATION

Youngsons Gloucester 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.

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 - 25% on reducing balance
Computer equipment - 25% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

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.

Youngsons Gloucester Ltd (Registered number: 06816280)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023


2. ACCOUNTING POLICIES - continued

Going concern
There was a net deficiency of assets of £19,283 at the balance sheet date, however the director has reviewed future cash flows and expressed his willingness to financially support the company for the foreseeable future and therefore considers it appropriate to prepare the financial statements on a going concern basis.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
Cost
At 1 April 2022 2,951 965 3,916
Additions 1,630 291 1,921
Disposals (221 ) (566 ) (787 )
At 31 March 2023 4,360 690 5,050
Depreciation
At 1 April 2022 962 665 1,627
Charge for year 897 122 1,019
Eliminated on disposal (191 ) (465 ) (656 )
At 31 March 2023 1,668 322 1,990
Net book value
At 31 March 2023 2,692 368 3,060
At 31 March 2022 1,989 300 2,289

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/23 31/3/22
£    £   
Trade debtors 7,766 -
Other debtors 3,956 -
11,722 -

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/23 31/3/22
£    £   
Bank loans and overdrafts 1,600 1,600
Trade creditors 158 2,546
Taxation and social security 52,199 21,660
Other creditors 6,496 2,275
60,453 28,081

Youngsons Gloucester Ltd (Registered number: 06816280)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31/3/23 31/3/22
£    £   
Bank loans 3,478 5,067
Other creditors 15,144 -
18,622 5,067

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31/3/23 31/3/22
£    £   
Within one year 5,576 -
Between one and five years 17,657 -
23,233 -

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2023 and 31 March 2022:

31/3/23 31/3/22
£    £   
F N Young
Balance outstanding at start of year - -
Amounts advanced 3,957 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 3,957 -

The above loan to the director, included within other debtors, has been repaid in full within 9 months of the year end.