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
The Young Group Limited
Company Information
for the year ended 30 November 2023
Company Number
13734888 (England and Wales)
The Young Group Limited
Statement of financial position
as at 30 November 2023
Tangible assets
6,028
2,738
Cash at bank and in hand
2,129
7,245
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
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
The Young Group Limited
Notes to the Accounts
for the year ended 30 November 2023
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.
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:
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Other
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
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
At 30 November 2023
512
2,826
2,690
6,028
At 30 November 2022
640
1,125
973
2,738
Amounts falling due within one year
Accrued income and prepayments
3,268
3,268
7
Creditors: amounts falling due within one year
2023
2022
Loans from directors
23,411
21,678
8
Average number of employees
During the year the average number of employees was 0 (2022: 0).