1 February 2023 false No description of principal activity Taxfiler 2024.6 SC554254business:PrivateLimitedCompanyLtd2023-02-012024-01-31 SC5542542023-01-31 SC5542542023-02-012024-01-31 SC554254business:AuditExempt-NoAccountantsReport2023-02-012024-01-31 SC554254business:FilletedAccounts2023-02-012024-01-31 SC5542542024-01-31 SC554254business:Director12023-02-012024-01-31 SC554254business:RegisteredOffice2023-02-012024-01-31 SC5542542023-01-31 SC554254core:WithinOneYear2024-01-31 SC554254core:WithinOneYear2023-01-31 SC554254core:ShareCapitalcore:PreviouslyStatedAmount2024-01-31 SC554254core:ShareCapitalcore:PreviouslyStatedAmount2023-01-31 SC554254core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-01-31 SC554254core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-01-31 SC554254core:PreviouslyStatedAmount2024-01-31 SC554254core:PreviouslyStatedAmount2023-01-31 SC554254business:SmallEntities2023-02-012024-01-31 SC554254countries:Scotland2023-02-012024-01-31 SC554254core:PlantMachinery2023-02-012024-01-31 SC554254core:ComputerEquipment2023-02-012024-01-31 SC554254core:PlantMachinery2023-01-31 SC554254core:ComputerEquipment2023-01-31 SC554254core:PlantMachinery2024-01-31 SC554254core:ComputerEquipment2024-01-31 SC5542542022-02-012023-01-31 iso4217:GBP xbrli:pure
Company Registration No. SC554254 (Scotland)
GRAEME YOUNG PRODUCTION LIMITED Unaudited accounts for the year ended 31 January 2024
GRAEME YOUNG PRODUCTION LIMITED Unaudited accounts Contents
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GRAEME YOUNG PRODUCTION LIMITED Company Information for the year ended 31 January 2024
Director
Graeme Young
Company Number
SC554254 (Scotland)
Registered Office
2 Byres Farm Cottages Longniddry East Lothian EH32 0PJ
Accountants
Taxez 5 South Charlotte Street Edinburgh EH2 4AN
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GRAEME YOUNG PRODUCTION LIMITED Statement of financial position as at 31 January 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
57,212 
9,868 
Current assets
Cash at bank and in hand
1,680 
14,217 
Creditors: amounts falling due within one year
(140,315)
(100,407)
Net current liabilities
(138,635)
(86,190)
Net liabilities
(81,423)
(76,322)
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
(81,424)
(76,323)
Shareholders' funds
(81,423)
(76,322)
For the year ending 31 January 2024 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 28 October 2024 and were signed on its behalf by
Graeme Young Director Company Registration No. SC554254
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GRAEME YOUNG PRODUCTION LIMITED Notes to the Accounts for the year ended 31 January 2024
1
Statutory information
GRAEME YOUNG PRODUCTION LIMITED is a private company, limited by shares, registered in Scotland, registration number SC554254. The registered office is 2 Byres Farm Cottages , Longniddry , East Lothian, EH32 0PJ.
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
10% Straight line
Computer equipment
33% Straight line
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
4
Tangible fixed assets
Plant & machinery 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 February 2023
61,072 
2,599 
63,671 
Additions
62,587 
- 
62,587 
At 31 January 2024
123,659 
2,599 
126,258 
Depreciation
At 1 February 2023
52,945 
858 
53,803 
Charge for the year
14,386 
857 
15,243 
At 31 January 2024
67,331 
1,715 
69,046 
Net book value
At 31 January 2024
56,328 
884 
57,212 
At 31 January 2023
8,127 
1,741 
9,868 
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GRAEME YOUNG PRODUCTION LIMITED Notes to the Accounts for the year ended 31 January 2024
5
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Loans from directors
139,956 
100,144 
Accruals
359 
263 
140,315 
100,407 
6
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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