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REGISTERED NUMBER: 04731825 (England and Wales)















Campbell Young Associates Limited

Unaudited Financial Statements for the Year Ended 31 March 2024






Campbell Young Associates Limited (Registered number: 04731825)






Contents of the Financial Statements
for the year ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Campbell Young Associates Limited

Company Information
for the year ended 31 March 2024







DIRECTORS: C Young
L Verschueren





REGISTERED OFFICE: One New Street
Wells
Somerset
BA5 2LA





REGISTERED NUMBER: 04731825 (England and Wales)





ACCOUNTANTS: Webb & Co Ltd
One New Street
Wells
Somerset
BA5 2LA

Campbell Young Associates Limited (Registered number: 04731825)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 62,491 75,943
62,491 75,943

CURRENT ASSETS
Stocks 285,393 242,499
Debtors 6 96,380 205,954
Cash at bank and in hand 45,824 120,740
427,597 569,193
CREDITORS
Amounts falling due within one year 7 113,763 194,761
NET CURRENT ASSETS 313,834 374,432
TOTAL ASSETS LESS CURRENT
LIABILITIES

376,325

450,375

CREDITORS
Amounts falling due after more than one
year

8

-

(8,889

)

PROVISIONS FOR LIABILITIES (3,645 ) (3,506 )
NET ASSETS 372,680 437,980

CAPITAL AND RESERVES
Called up share capital 9 1 1
Retained earnings 372,679 437,979
SHAREHOLDERS' FUNDS 372,680 437,980

Campbell Young Associates Limited (Registered number: 04731825)

Balance Sheet - continued
31 March 2024


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

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

The directors acknowledge their 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.

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15 November 2024 and were signed on its behalf by:





C Young - Director


Campbell Young Associates Limited (Registered number: 04731825)

Notes to the Financial Statements
for the year ended 31 March 2024

1. STATUTORY INFORMATION

Campbell Young Associates Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2003, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 33.3% on cost
Plant and machinery - 10% on cost
Fixtures and fittings - 10% on cost

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.


Campbell Young Associates Limited (Registered number: 04731825)

Notes to the Financial Statements - continued
for the year ended 31 March 2024

2. ACCOUNTING POLICIES - continued
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.

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 17 (2023 - 17 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 40,000
AMORTISATION
At 1 April 2023
and 31 March 2024 40,000
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -

Campbell Young Associates Limited (Registered number: 04731825)

Notes to the Financial Statements - continued
for the year ended 31 March 2024

5. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and
property machinery fittings Totals
£    £    £    £   
COST
At 1 April 2023 239,482 69,796 30,571 339,849
Additions - 2,484 - 2,484
At 31 March 2024 239,482 72,280 30,571 342,333
DEPRECIATION
At 1 April 2023 181,992 57,379 24,535 263,906
Charge for year 9,578 2,813 3,545 15,936
At 31 March 2024 191,570 60,192 28,080 279,842
NET BOOK VALUE
At 31 March 2024 47,912 12,088 2,491 62,491
At 31 March 2023 57,490 12,417 6,036 75,943

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 24,249 (2,256 )
Other debtors 72,131 208,210
96,380 205,954

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 8,889 56,042
Trade creditors 2,806 443
Taxation and social security 88,907 130,566
Other creditors 13,161 7,710
113,763 194,761

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 8,889

Campbell Young Associates Limited (Registered number: 04731825)

Notes to the Financial Statements - continued
for the year ended 31 March 2024

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
70 Ordinary A 0.01 1 1
30 Ordinary B 0.01 - -
1 1

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2024 and 31 March 2023:

2024 2023
£    £   
C Young
Balance outstanding at start of year 762 -
Amounts advanced 27,262 91,272
Amounts repaid (762 ) (90,510 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 27,262 762