Registered number
04443224
Young Cole & Davies Properties Ltd
Filleted Accounts
31 March 2024
Young Cole & Davies Properties Ltd
Registered number: 04443224
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 1,003 1,337
1,003 1,337
Current assets
Debtors 4 25,094 30,838
Cash at bank and in hand 5,809 5,741
30,903 36,579
Creditors: amounts falling due within one year 5 (4,466) (4,699)
Net current assets 26,437 31,880
Total assets less current liabilities 27,440 33,217
Creditors: amounts falling due after more than one year 6 - (12,338)
Net assets 27,440 20,879
Capital and reserves
Called up share capital 100 100
Profit and loss account 27,340 20,779
Shareholders' funds 27,440 20,879
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
S Davies
Director
Approved by the board on 11 November 2024
Young Cole & Davies Properties Ltd
Notes to the Accounts
for the year ended 31 March 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and Machinery 25% Reducing Balance
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company - -
3 Tangible fixed assets
Plant and machinery etc Total
£ £
Cost
At 1 April 2023 3,039 3,039
Additions - -
At 31 March 2024 3,039 3,039
Depreciation
At 1 April 2023 1,702 1,702
Charge for the year 334 334
At 31 March 2024 2,036 2,036
Net book value
At 31 March 2024 1,003 1,003
At 31 March 2023 1,337 1,337
4 Debtors 2024 2023
£ £
Trade debtors 15,524 21,256
Other debtors 9,570 9,582
25,094 30,838
5 Creditors: amounts falling due within one year 2024 2023
£ £
Corporation Tax 2,086 2,319
Other creditors 2,380 2,380
4,466 4,699
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans - 12,338
- 12,338
7 Other information
Young Cole & Davies Properties Ltd is a private company limited by shares and incorporated in England. Its registered office is:
H Plaskow & Co
Chartered Certified Accountants
208 Green Lanes
Palmers Green
London
N13 5UE
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