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REGISTERED NUMBER: 06733775 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2023

FOR

T J YOUNG LIMITED

T J YOUNG LIMITED (REGISTERED NUMBER: 06733775)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


T J YOUNG LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2023







DIRECTORS: T J Young
Mrs Y L Young





SECRETARY: Mrs Y L Young





REGISTERED OFFICE: 18 Northwood End Rd
Haynes
Bedfordshire
MK45 3PH





REGISTERED NUMBER: 06733775 (England and Wales)





ACCOUNTANTS: Bayler Wood Associates Ltd
Chartered Certified Accountants
2 Church Lane
Walgrave
Northamptonshire
NN6 9QH

T J YOUNG LIMITED (REGISTERED NUMBER: 06733775)

BALANCE SHEET
31 OCTOBER 2023

31.10.23 31.10.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 8,225 16,341

CURRENT ASSETS
Stocks 5 37,040 55,789
Debtors 6 13,715 1,691
Cash at bank 101,416 94,943
152,171 152,423
CREDITORS
Amounts falling due within one year 7 41,928 40,510
NET CURRENT ASSETS 110,243 111,913
TOTAL ASSETS LESS CURRENT
LIABILITIES

118,468

128,254

PROVISIONS FOR LIABILITIES 1,563 3,105
NET ASSETS 116,905 125,149

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 116,805 125,049
SHAREHOLDERS' FUNDS 116,905 125,149

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

T J YOUNG LIMITED (REGISTERED NUMBER: 06733775)

BALANCE SHEET - continued
31 OCTOBER 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 Board of Directors and authorised for issue on 15 July 2024 and were signed on its behalf by:




T J Young - Director



Mrs Y L Young - Director


T J YOUNG LIMITED (REGISTERED NUMBER: 06733775)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

1. STATUTORY INFORMATION

T J Young Limited 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 cost
Motor vehicles - 25% on cost
Computer equipment - 33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

T J YOUNG LIMITED (REGISTERED NUMBER: 06733775)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 November 2022 20,354 57,201 2,000 79,555
Additions 125 - - 125
At 31 October 2023 20,479 57,201 2,000 79,680
DEPRECIATION
At 1 November 2022 17,673 43,541 2,000 63,214
Charge for year 1,083 7,158 - 8,241
At 31 October 2023 18,756 50,699 2,000 71,455
NET BOOK VALUE
At 31 October 2023 1,723 6,502 - 8,225
At 31 October 2022 2,681 13,660 - 16,341

5. STOCKS
31.10.23 31.10.22
£    £   
Stocks 37,040 55,789

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Trade debtors 13,650 1,690
Prepayments 65 1
13,715 1,691

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Trade creditors 2,321 6,202
Social security and other taxes 4,906 9,638
VAT 2,206 2,898
Directors' current accounts 466 9,742
Sundry creditors and accruals 32,029 12,030
41,928 40,510

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.10.23 31.10.22
value: £    £   
100 Ordinary £1 100 100