IRIS Accounts Production v24.1.9.2 02944650 Board of Directors 1.10.22 30.9.23 30.9.23 false true false false true false Ordinary 500.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh029446502022-09-30029446502023-09-30029446502022-10-012023-09-30029446502021-09-30029446502021-10-012022-09-30029446502022-09-3002944650ns15:EnglandWales2022-10-012023-09-3002944650ns14:PoundSterling2022-10-012023-09-3002944650ns10:Director12022-10-012023-09-3002944650ns10:PrivateLimitedCompanyLtd2022-10-012023-09-3002944650ns10:SmallEntities2022-10-012023-09-3002944650ns10:AuditExempt-NoAccountantsReport2022-10-012023-09-3002944650ns10:SmallCompaniesRegimeForDirectorsReport2022-10-012023-09-3002944650ns10:SmallCompaniesRegimeForAccounts2022-10-012023-09-3002944650ns10:FullAccounts2022-10-012023-09-3002944650ns10:OrdinaryShareClass12022-10-012023-09-3002944650ns10:Director22022-10-012023-09-3002944650ns10:CompanySecretary12022-10-012023-09-3002944650ns10:RegisteredOffice2022-10-012023-09-3002944650ns5:CurrentFinancialInstruments2023-09-3002944650ns5:CurrentFinancialInstruments2022-09-3002944650ns5:Non-currentFinancialInstruments2023-09-3002944650ns5:Non-currentFinancialInstruments2022-09-3002944650ns5:ShareCapital2023-09-3002944650ns5:ShareCapital2022-09-3002944650ns5:RevaluationReserve2023-09-3002944650ns5:RevaluationReserve2022-09-3002944650ns5:RetainedEarningsAccumulatedLosses2023-09-3002944650ns5:RetainedEarningsAccumulatedLosses2022-09-3002944650ns5:PlantMachinery2022-10-012023-09-3002944650ns5:MotorVehicles2022-10-012023-09-3002944650ns5:ComputerEquipment2022-10-012023-09-3002944650ns5:LandBuildings2022-09-3002944650ns5:PlantMachinery2022-09-3002944650ns5:MotorVehicles2022-09-3002944650ns5:ComputerEquipment2022-09-3002944650ns5:LandBuildings2022-10-012023-09-3002944650ns5:LandBuildings2023-09-3002944650ns5:PlantMachinery2023-09-3002944650ns5:MotorVehicles2023-09-3002944650ns5:ComputerEquipment2023-09-3002944650ns5:LandBuildings2022-09-3002944650ns5:PlantMachinery2022-09-3002944650ns5:MotorVehicles2022-09-3002944650ns5:ComputerEquipment2022-09-3002944650ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-09-3002944650ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-09-3002944650ns5:Secured2023-09-3002944650ns5:Secured2022-09-3002944650ns5:AcceleratedTaxDepreciationDeferredTax2023-09-3002944650ns5:AcceleratedTaxDepreciationDeferredTax2022-09-3002944650ns5:DeferredTaxation2022-09-3002944650ns5:DeferredTaxation2022-10-012023-09-3002944650ns5:DeferredTaxation2023-09-3002944650ns10:OrdinaryShareClass12023-09-3002944650ns5:RevaluationReserve2022-09-30
REGISTERED NUMBER: 02944650 (England and Wales)













Unaudited Financial Statements

for the Year Ended 30 September 2023

for

YOUNG & STRONG LIMITED

YOUNG & STRONG LIMITED (REGISTERED NUMBER: 02944650)






Contents of the Financial Statements
FOR THE YEAR ENDED 30 SEPTEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


YOUNG & STRONG LIMITED

Company Information
FOR THE YEAR ENDED 30 SEPTEMBER 2023







Directors: Mr N F Cowie
Mrs J N Cowie





Secretary: Mrs J N Cowie





Registered office: The Old Barn Stocks Lane
Heskin
Chorley
Lancashire
PR7 5LT





Registered number: 02944650 (England and Wales)





Accountants: NRB
1st Floor Waterside House
Waterside Drive
Wigan
Lancashire
WN3 5AZ

YOUNG & STRONG LIMITED (REGISTERED NUMBER: 02944650)

Balance Sheet
30 SEPTEMBER 2023

30.9.23 30.9.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 649,826 639,030

CURRENT ASSETS
Debtors 5 6,954 12,551
Cash at bank 21,938 18,067
28,892 30,618
CREDITORS
Amounts falling due within one year 6 64,970 27,614
NET CURRENT (LIABILITIES)/ASSETS (36,078 ) 3,004
TOTAL ASSETS LESS CURRENT
LIABILITIES

613,748

642,034

CREDITORS
Amounts falling due after more than one year 7 (376,354 ) (326,676 )

PROVISIONS FOR LIABILITIES 9 - (90,790 )
NET ASSETS 237,394 224,568

CAPITAL AND RESERVES
Called up share capital 10 500 500
Revaluation reserve 11 304,128 304,128
Retained earnings (67,234 ) (80,060 )
SHAREHOLDERS' FUNDS 237,394 224,568

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

YOUNG & STRONG LIMITED (REGISTERED NUMBER: 02944650)

Balance Sheet - continued
30 SEPTEMBER 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19 July 2024 and were signed on its behalf by:





Mrs J N Cowie - Director


YOUNG & STRONG LIMITED (REGISTERED NUMBER: 02944650)

Notes to the Financial Statements
FOR THE YEAR ENDED 30 SEPTEMBER 2023

1. STATUTORY INFORMATION

Young & Strong 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 as modified by the revaluation of certain assets.

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 - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33.3% on cost

Taxation
Taxation for the year 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.

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.

Going concern
The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future. The majority of Creditors are Directors' Loan Accounts. The Company therefore continues to adopt the going concern basis in preparing its consolidated financial statements.

3. EMPLOYEES AND DIRECTORS

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

YOUNG & STRONG LIMITED (REGISTERED NUMBER: 02944650)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2023

4. TANGIBLE FIXED ASSETS
Freehold Plant and Motor Computer
property machinery vehicles equipment Totals
£    £    £    £    £   
COST OR VALUATION
At 1 October 2022 580,000 29,466 93,617 3,837 706,920
Additions 1,764 - 28,340 - 30,104
At 30 September 2023 581,764 29,466 121,957 3,837 737,024
DEPRECIATION
At 1 October 2022 - 20,971 43,242 3,677 67,890
Charge for year - 1,274 17,874 160 19,308
At 30 September 2023 - 22,245 61,116 3,837 87,198
NET BOOK VALUE
At 30 September 2023 581,764 7,221 60,841 - 649,826
At 30 September 2022 580,000 8,495 50,375 160 639,030

Cost or valuation at 30 September 2023 is represented by:

Freehold Property £
Valuation in 2022580,000
Additions in the year1,764
Value at 30 September 2023581,764

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 30.9.22
£    £   
Other debtors 6,954 12,551

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 30.9.22
£    £   
Hire purchase contracts 3,600 3,600
Trade creditors 56,417 21,853
Taxation and social security 3,452 660
Other creditors 1,501 1,501
64,970 27,614

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.9.23 30.9.22
£    £   
Bank loans 200,379 72,679
Hire purchase contracts 20,175 23,775
Other creditors 155,800 230,222
376,354 326,676

YOUNG & STRONG LIMITED (REGISTERED NUMBER: 02944650)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2023

8. SECURED DEBTS

The following secured debts are included within creditors:

30.9.23 30.9.22
£    £   
Bank loans 200,379 72,679
Hire purchase contracts 23,775 27,375
224,154 100,054

9. PROVISIONS FOR LIABILITIES
30.9.23 30.9.22
£    £   
Deferred tax
Accelerated capital allowances - 90,790

Deferred
tax
£   
Balance at 1 October 2022 90,790
Provided during year (90,790 )
Balance at 30 September 2023 -

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.9.23 30.9.22
value: £    £   
500 Ordinary £1 500 500

11. RESERVES
Revaluation
reserve
£   
At 1 October 2022
and 30 September 2023 304,128