Company Registration No. 12235972 (England and Wales)
YouthWorx London Limited
ANNUAL REPORT AND UNAUDITED ACCOUNTS
for the year ended 31 October 2023
YouthWorx London Limited
ANNUAL REPORT AND UNAUDITED ACCOUNTS
Contents
YouthWorx London Limited
Company Information
for the year ended 31 October 2023
Company Number
12235972 (England and Wales)
Registered Office
60 Cunningham Avenue
Enfield
EN3 6LD
England
Accountants
Cadbury and Jones
Avicenna House
258-262 Romford Road
London
E7 9HZ
YouthWorx London Limited
Statement of financial position
as at 31 October 2023
Tangible assets
25,261
29,681
Cash at bank and in hand
13,154
266
Creditors: amounts falling due within one year
(99,966)
(66,434)
Net current liabilities
(86,812)
(66,168)
Total assets less current liabilities
(61,551)
(36,487)
Creditors: amounts falling due after more than one year
(1,780)
(1,780)
Net liabilities
(63,331)
(38,267)
Called up share capital
1
1
Profit and loss account
(63,332)
(38,268)
Shareholders' funds
(63,331)
(38,267)
For the year ending 31 October 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 her 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 27 June 2024 and were signed on its behalf by
Evelyn Odogwu
Director
Company Registration No. 12235972
YouthWorx London Limited
Notes to the Accounts
for the year ended 31 October 2023
YouthWorx London Limited is a private company, limited by shares, registered in England and Wales, registration number 12235972. The registered office is 60 Cunningham Avenue, Enfield, EN3 6LD, 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.
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.
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:
Plant & machinery
10 Yrs, SLM @ 10%
Fixtures & fittings
5 Yrs, SLM @ 20%
4
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 November 2022
22,625
11,648
34,273
At 31 October 2023
22,625
11,820
34,445
At 1 November 2022
2,262
2,330
4,592
Charge for the year
2,262
2,330
4,592
At 31 October 2023
4,524
4,660
9,184
At 31 October 2023
18,101
7,160
25,261
At 31 October 2022
20,363
9,318
29,681
YouthWorx London Limited
Notes to the Accounts
for the year ended 31 October 2023
5
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
7,716
9,140
Taxes and social security
2,990
-
Loans from directors
78,001
55,794
6
Creditors: amounts falling due after more than one year
2023
2022
Other creditors
1,780
1,780
7
Average number of employees
During the year the average number of employees was 0 (2022: 0).