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REGISTERED NUMBER: 04975305 (England and Wales)











Unaudited Financial Statements

for the Year Ended 31 January 2024

for

Youngs Solicitors Ltd

Youngs Solicitors Ltd (Registered number: 04975305)






Contents of the Financial Statements
for the Year Ended 31 January 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Youngs Solicitors Ltd

Company Information
for the Year Ended 31 January 2024







DIRECTOR: J C Young





SECRETARY: S Christopher





REGISTERED OFFICE: 10 Ellesmere Road
Sheffield
Yorkshire
S4 7SB





REGISTERED NUMBER: 04975305 (England and Wales)





ACCOUNTANTS: Andrew Cooper & Company
Chartered Accountants
650 Anlaby Road
Kingston upon Hull
East Yorkshire
HU3 6UU

Youngs Solicitors Ltd (Registered number: 04975305)

Balance Sheet
31 January 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 6,681 4,339

CURRENT ASSETS
Debtors 5 8,097 92,388
Cash at bank and in hand 99,974 40,030
108,071 132,418
CREDITORS
Amounts falling due within one year 6 78,800 64,117
NET CURRENT ASSETS 29,271 68,301
TOTAL ASSETS LESS CURRENT
LIABILITIES

35,952

72,640

CREDITORS
Amounts falling due after more than one
year

7

14,167

24,167
NET ASSETS 21,785 48,473

CAPITAL AND RESERVES
Called up share capital 100 101
Retained earnings 21,685 48,372
SHAREHOLDERS' FUNDS 21,785 48,473

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

Youngs Solicitors Ltd (Registered number: 04975305)

Balance Sheet - continued
31 January 2024


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 Income Statement has not been delivered.

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





J C Young - Director


Youngs Solicitors Ltd (Registered number: 04975305)

Notes to the Financial Statements
for the Year Ended 31 January 2024

1. STATUTORY INFORMATION

Youngs Solicitors Ltd 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.

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 etc - 20% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2023 - 8 ) .

Youngs Solicitors Ltd (Registered number: 04975305)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 February 2023 16,417
Additions 3,033
At 31 January 2024 19,450
DEPRECIATION
At 1 February 2023 12,078
Charge for year 691
At 31 January 2024 12,769
NET BOOK VALUE
At 31 January 2024 6,681
At 31 January 2023 4,339

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade debtors - 8,108
Other debtors 8,097 84,280
8,097 92,388

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Bank loans and overdrafts 16,257 10,000
Trade creditors 19,478 11,243
Taxation and social security 38,815 38,624
Other creditors 4,250 4,250
78,800 64,117

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.1.24 31.1.23
£    £   
Bank loans 14,167 24,167

8. ULTIMATE CONTROLLING PARTY

The controlling party is J C Young.