Caseware UK (AP4) 2023.0.135 2023.0.135 2024-01-312024-01-312023-02-01falseNo description of principal activity11truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 12407210 2023-02-01 2024-01-31 12407210 2022-02-01 2023-01-31 12407210 2024-01-31 12407210 2023-01-31 12407210 c:Director1 2023-02-01 2024-01-31 12407210 d:Buildings d:ShortLeaseholdAssets 2023-02-01 2024-01-31 12407210 d:Buildings d:ShortLeaseholdAssets 2024-01-31 12407210 d:Buildings d:ShortLeaseholdAssets 2023-01-31 12407210 d:PlantMachinery 2023-02-01 2024-01-31 12407210 d:PlantMachinery 2024-01-31 12407210 d:PlantMachinery 2023-01-31 12407210 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-02-01 2024-01-31 12407210 d:MotorVehicles 2023-02-01 2024-01-31 12407210 d:MotorVehicles 2024-01-31 12407210 d:MotorVehicles 2023-01-31 12407210 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-02-01 2024-01-31 12407210 d:ComputerEquipment 2023-02-01 2024-01-31 12407210 d:ComputerEquipment 2024-01-31 12407210 d:ComputerEquipment 2023-01-31 12407210 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-02-01 2024-01-31 12407210 d:OwnedOrFreeholdAssets 2023-02-01 2024-01-31 12407210 d:CurrentFinancialInstruments 2024-01-31 12407210 d:CurrentFinancialInstruments 2023-01-31 12407210 d:CurrentFinancialInstruments d:WithinOneYear 2024-01-31 12407210 d:CurrentFinancialInstruments d:WithinOneYear 2023-01-31 12407210 d:ShareCapital 2024-01-31 12407210 d:ShareCapital 2023-01-31 12407210 d:RetainedEarningsAccumulatedLosses 2023-02-01 2024-01-31 12407210 d:RetainedEarningsAccumulatedLosses 2024-01-31 12407210 d:RetainedEarningsAccumulatedLosses 2023-01-31 12407210 c:OrdinaryShareClass1 2023-02-01 2024-01-31 12407210 c:OrdinaryShareClass1 2024-01-31 12407210 c:OrdinaryShareClass1 2023-01-31 12407210 c:FRS102 2023-02-01 2024-01-31 12407210 c:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 12407210 c:FullAccounts 2023-02-01 2024-01-31 12407210 c:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 12407210 e:PoundSterling 2023-02-01 2024-01-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 12407210










DAYS OF MY YOUTH LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 JANUARY 2024

 
DAYS OF MY YOUTH LIMITED
REGISTERED NUMBER: 12407210

BALANCE SHEET
AS AT 31 JANUARY 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 5 
105,615
92,425

  
105,615
92,425

Current assets
  

Stocks
  
495,027
499,233

Debtors: amounts falling due within one year
 6 
48,042
50,781

  
543,069
550,014

Creditors: amounts falling due within one year
 7 
(848,854)
(779,524)

Net current liabilities
  
 
 
(305,785)
 
 
(229,510)

Total assets less current liabilities
  
(200,170)
(137,085)

  

Net liabilities
  
(200,170)
(137,085)


Capital and reserves
  

Called up share capital 
 8 
100
100

Profit and loss account
 9 
(200,270)
(137,185)

  
(200,170)
(137,085)


Page 1

 
DAYS OF MY YOUTH LIMITED
REGISTERED NUMBER: 12407210
    
BALANCE SHEET (CONTINUED)
AS AT 31 JANUARY 2024

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 14 October 2024.




S B Browne
Director

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
DAYS OF MY YOUTH LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

1.


General information

Days Of My Youth Ltd (12407210) is a private company, limited by shares, incorporated in England and Wales, with it's registered address and principal place of business at Bronwylfa, Newtown Road, Machynlleth, SY20 8EY.
The principal activity of the Company is the sale of motorcycles.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Going concern

The financial statements have been prepared on a going concern basis and assumes the continued support of the director.

Page 3

 
DAYS OF MY YOUTH LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

2.Accounting policies (continued)

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.4

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

 
2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 4

 
DAYS OF MY YOUTH LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

2.Accounting policies (continued)


2.5
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a straight line and reducing balance basis.

Depreciation is provided on the following basis:

Short-term leasehold property
-
10%
Straight line
Plant and machinery
-
20%
Reducing balance
Motor vehicles
-
20%
Reducing balance
Computer equipment
-
25%
Reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.6

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.7

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.8

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.9

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Page 5

 
DAYS OF MY YOUTH LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

3.


Judgements in applying accounting policies and key sources of estimation uncertainty

Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations or future events that are believed to be reasonable under the circumstances.
The Company makes estimates and assumptions concerning the future. The resulting accounting estimates will, by definition, seldom equal the related actual results. In the opinion of the Directors there are no estimates nor assumptions that have a significant risk of causing a material adjustment to the carrying amount of assets and liabilities within the next financial year.


4.


Employees

The average monthly number of employees, including directors, during the year was 1 (2023 - 1).


5.


Tangible fixed assets





Short-term leasehold property
Plant and machinery
Motor vehicles
Computer equipment
Total

£
£
£
£
£



Cost or valuation


At 1 February 2023
28,390
1,755
91,950
1,907
124,002


Additions
-
-
69,502
149
69,651


Disposals
-
-
(47,849)
-
(47,849)



At 31 January 2024

28,390
1,755
113,603
2,056
145,804



Depreciation


At 1 February 2023
2,839
381
28,031
326
31,577


Charge for the year on owned assets
2,839
293
20,151
514
23,797


Disposals
-
-
(15,185)
-
(15,185)



At 31 January 2024

5,678
674
32,997
840
40,189



Net book value



At 31 January 2024
22,712
1,081
80,606
1,216
105,615



At 31 January 2023
25,551
1,374
63,919
1,581
92,425

Page 6

 
DAYS OF MY YOUTH LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

6.


Debtors

2024
2023
£
£


Trade debtors
276
276

Other debtors
44,000
50,505

Prepayments and accrued income
3,766
-

48,042
50,781



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
14,704
13,895

Other taxation and social security
7,090
-

Other creditors
825,667
764,262

Accruals and deferred income
1,393
1,367

848,854
779,524



8.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



100 (2023 - 100) Ordinary shares of £1.00 each
100
100



9.


Reserves

Profit and loss account

The profit and loss accounts represents the accumulate profits of the Company since incorporation less distributions made to shareholders.

 
Page 7