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Company Registration No. 13734888 (England and Wales)
The Young Group Limited Unaudited accounts for the year ended 30 November 2023
The Young Group Limited Unaudited accounts Contents
Page
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The Young Group Limited Company Information for the year ended 30 November 2023
Director
Jake Dean Young
Company Number
13734888 (England and Wales)
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The Young Group Limited Statement of financial position as at 30 November 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Intangible assets
765 
- 
Tangible assets
6,028 
2,738 
6,793 
2,738 
Current assets
Inventories
2,184 
2,184 
Debtors
5,696 
10,581 
Cash at bank and in hand
2,129 
7,245 
10,009 
20,010 
Creditors: amounts falling due within one year
(29,969)
(21,678)
Net current liabilities
(19,960)
(1,668)
Net (liabilities)/assets
(13,167)
1,070 
Capital and reserves
Called up share capital
200 
200 
Profit and loss account
(13,367)
870 
Shareholders' funds
(13,167)
1,070 
For the year ending 30 November 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 25 October 2023 and were signed on its behalf by
Jake Dean Young Director Company Registration No. 13734888
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The Young Group Limited Notes to the Accounts for the year ended 30 November 2023
1
Statutory information
The Young Group Limited is a private company, limited by shares, registered in England and Wales, registration number 13734888.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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
20% RB
Motor vehicles
15% RB
Computer equipment
20% RB
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Other 
£ 
Cost
At 1 December 2022
- 
Additions
765 
At 30 November 2023
765 
Amortisation
At 1 December 2022
- 
At 30 November 2023
- 
Net book value
At 30 November 2023
765 
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The Young Group Limited Notes to the Accounts for the year ended 30 November 2023
5
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 December 2022
800 
1,500 
1,459 
3,759 
Additions
- 
2,200 
2,299 
4,499 
At 30 November 2023
800 
3,700 
3,758 
8,258 
Depreciation
At 1 December 2022
160 
375 
486 
1,021 
Charge for the year
128 
499 
582 
1,209 
At 30 November 2023
288 
874 
1,068 
2,230 
Net book value
At 30 November 2023
512 
2,826 
2,690 
6,028 
At 30 November 2022
640 
1,125 
973 
2,738 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
2,105 
827 
Trade debtors
323 
6,486 
Accrued income and prepayments
3,268 
3,268 
5,696 
10,581 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Trade creditors
6,558 
- 
Loans from directors
23,411 
21,678 
29,969 
21,678 
8
Average number of employees
During the year the average number of employees was 0 (2022: 0).
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