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REGISTERED NUMBER: OC438377 (England and Wales)















Unaudited Financial Statements

for the Period 1 October 2022 to 31 March 2024

for

M R YOUNG & SONS LLP

M R YOUNG & SONS LLP (REGISTERED NUMBER: OC438377)






Contents of the Financial Statements
for the period 1 October 2022 to 31 March 2024




Page

General Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


M R YOUNG & SONS LLP

General Information
for the period 1 October 2022 to 31 March 2024







DESIGNATED MEMBERS: Ms J A V Handslip
P M G Young
Mrs D A G Young





REGISTERED OFFICE: Whyr Farm
Winterbourne Bassett
Swindon
Wiltshire
SN4 9QE





REGISTERED NUMBER: OC438377 (England and Wales)





ACCOUNTANTS: Richardson Swift
Chartered Accountants
11 Laura Place
Bath
BA2 4BL

Chartered Accountants' Report to the Members
on the Unaudited Financial Statements of
M R Young & Sons LLP

The following reproduces the text of the report prepared for the members in respect of the LLP's annual unaudited financial statements. In accordance with the Companies Act 2006, the LLP is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Members are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, we have prepared for your approval the financial statements of M R Young & Sons LLP for the period ended 31 March 2024 which comprise the Income Statement, Balance Sheet and the related notes from the LLP's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the members of M R Young & Sons LLP, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of M R Young & Sons LLP and state those matters that we have agreed to state to the members of M R Young & Sons LLP, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than M R Young & Sons LLP and its members, as a body, for our work or for this report.

It is your duty to ensure that M R Young & Sons LLP has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of M R Young & Sons LLP. You consider that M R Young & Sons LLP is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the financial statements of M R Young & Sons LLP. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Richardson Swift
Chartered Accountants
11 Laura Place
Bath
BA2 4BL


15 October 2024

M R YOUNG & SONS LLP (REGISTERED NUMBER: OC438377)

Balance Sheet
31 March 2024

2024 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 181,015 200,375

CURRENT ASSETS
Stocks 127,280 215,649
Debtors 5 26,993 55,444
Cash at bank and in hand 154,293 145,770
308,566 416,863
CREDITORS
Amounts falling due within one year 6 126,679 161,067
NET CURRENT ASSETS 181,887 255,796
TOTAL ASSETS LESS CURRENT
LIABILITIES

362,902

456,171

CREDITORS
Amounts falling due after more than one
year

7

23,629

-
NET ASSETS ATTRIBUTABLE TO
MEMBERS

339,273

456,171

LOANS AND OTHER DEBTS DUE TO
MEMBERS

139,273

256,171

MEMBERS' OTHER INTERESTS
Capital accounts 200,000 200,000
339,273 456,171

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 139,273 256,171
Members' other interests 200,000 200,000
Amounts due from members 5 (3,981 ) -
335,292 456,171

The LLP is entitled to exemption from audit under Section 477 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 for the period ended 31 March 2024.

The members acknowledge their responsibilities for:
(a)ensuring that the LLP keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the LLP 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 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 relating to financial statements, so far as applicable to the LLP.

M R YOUNG & SONS LLP (REGISTERED NUMBER: OC438377)

Balance Sheet - continued
31 March 2024


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

In accordance with Section 444 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, the Income Statement has not been delivered.

The financial statements were approved by the members of the LLP and authorised for issue on 17 October 2024 and were signed by:





Mrs D A G Young - Designated member

M R YOUNG & SONS LLP (REGISTERED NUMBER: OC438377)

Notes to the Financial Statements
for the period 1 October 2022 to 31 March 2024

1. STATUTORY INFORMATION

M R Young & Sons LLP is registered in England and Wales. The LLP's registered number and registered office address can be found on the General 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 requirements of the Statement of Recommended Practice, Accounting by Limited Liability Partnerships. 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.
Land and buildings - Is not depreciated
Plant and machinery etc - 20% and 12.5% Straight line

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

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEE INFORMATION

The average number of employees during the period was 4 (2022 - 4 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 October 2022 32,897 225,627 258,524
Additions - 94,440 94,440
Disposals - (29,933 ) (29,933 )
At 31 March 2024 32,897 290,134 323,031
DEPRECIATION
At 1 October 2022 - 58,149 58,149
Charge for period - 103,822 103,822
Eliminated on disposal - (19,955 ) (19,955 )
At 31 March 2024 - 142,016 142,016
NET BOOK VALUE
At 31 March 2024 32,897 148,118 181,015
At 30 September 2022 32,897 167,478 200,375

M R YOUNG & SONS LLP (REGISTERED NUMBER: OC438377)

Notes to the Financial Statements - continued
for the period 1 October 2022 to 31 March 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2022
£    £   
Trade debtors - 2,888
Other debtors 26,993 52,556
26,993 55,444

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2022
£    £   
Hire purchase contracts 5,976 -
Trade creditors 8,127 19,350
Other creditors 112,576 141,717
126,679 161,067

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2022
£    £   
Hire purchase contracts 23,629 -