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REGISTERED NUMBER: 05959131 (England and Wales)










Unaudited Financial Statements

for the Year Ended 30 April 2024

for

Youth And Sport Ltd

Youth And Sport Ltd (Registered number: 05959131)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Youth And Sport Ltd

Company Information
for the Year Ended 30 April 2024







DIRECTOR: M A Wilson





SECRETARY: M A Wilson





REGISTERED OFFICE: The White House
4a Rolleston Road
South Croydon
Surrey
CR2 0PT





REGISTERED NUMBER: 05959131 (England and Wales)





ACCOUNTANTS: Ledger Sparks Limited
Airport House
Suite 43-45
Purley Way
Croydon
CR0 0XZ

Youth And Sport Ltd (Registered number: 05959131)

Balance Sheet
30 April 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 1,689 1,785

CURRENT ASSETS
Debtors 5 132,884 142,798
Cash at bank 1,363 257,716
134,247 400,514
CREDITORS
Amounts falling due within one year 6 (89,344 ) (283,941 )
NET CURRENT ASSETS 44,903 116,573
TOTAL ASSETS LESS CURRENT
LIABILITIES

46,592

118,358

CREDITORS
Amounts falling due after more than one year 7 (41,486 ) (41,925 )

PROVISIONS FOR LIABILITIES 8 (321 ) (339 )
NET ASSETS 4,785 76,094

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 9 3,785 75,094
4,785 76,094

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Youth And Sport Ltd (Registered number: 05959131)

Balance Sheet - continued
30 April 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 28 January 2025 and were signed by:





M A Wilson - Director


Youth And Sport Ltd (Registered number: 05959131)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

Youth And Sport 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.

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


The principal activity of the company continued to be that of sports consultancy.

2. ACCOUNTING POLICIES

BASIS OF PREPARING THE FINANCIAL STATEMENTS
These financial statements have been prepared in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" ("FRS 102") and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

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
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Computer equipment25% on reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

FINANCIAL INSTRUMENTS
The company only enters into basic financial transactions that result in recognition of financial assets and liabilities such as trade and other debtors and creditors, loans from bank and other third parties, loans to related parties and investments in non-puttable ordinary shares.

TAXATION
The tax expense represents the sum of the tax currently payable and deferred tax.

CURRENT TAX
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

DEFERRED TAX
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Youth And Sport Ltd (Registered number: 05959131)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

2. ACCOUNTING POLICIES - continued

PROVISIONS FOR LIABILITIES
Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit and a reliable estimate can be made of the amount of the obligation.

Provisions are charged as an expense to the statement of income and retained earnings in the year that the company becomes aware of the obligation and are measured at the best estimate at the Balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.

When payments are eventually made, they are charged to the provision carried in Balance sheet.

GOING CONCERN
At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

CURRENT ASSET INVESTMENTS
Current asset investments are initially measured at cost and are subsequently re-measured at their fair value.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 May 2023 3,266
Additions 374
At 30 April 2024 3,640
DEPRECIATION
At 1 May 2023 1,481
Charge for year 470
At 30 April 2024 1,951
NET BOOK VALUE
At 30 April 2024 1,689
At 30 April 2023 1,785

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed by associates 108,877 100,140
Other debtors 24,007 42,658
132,884 142,798

Youth And Sport Ltd (Registered number: 05959131)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR - continued

The director considers the carrying value of trade and other receivables approximate to their fair value.

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 3,364 6,289
Trade creditors 198 181,250
Taxation and social security 76,820 90,010
Other creditors 8,962 6,392
89,344 283,941

The director considers the carrying amounts of current liabilities approximate to their fair values.

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 41,486 41,925

The director considers the carrying amounts of long term liabilities approximate to their fair values.

8. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 321 339

Deferred
tax
£   
Balance at 1 May 2023 339
Provided during year (18 )
Balance at 30 April 2024 321

9. RESERVES

PROFIT AND LOSS RESERVES

The Profit and loss account comprises all current and prior period retained profit and losses after deducting any distributions made to the company's shareholders. This is a distributable reserve.

Youth And Sport Ltd (Registered number: 05959131)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 April 2024 and 30 April 2023:

2024 2023
£    £   
M A Wilson
Balance outstanding at start of year 18,651 26,686
Amounts advanced 142,444 78,276
Amounts repaid (162,035 ) (86,311 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (940 ) 18,651

11. RELATED PARTY DISCLOSURES

At the balance sheet date included in creditors were amounts due to the director of £940 (2023 - £18,651 included in other debtors). This loan is interest free and repayable on demand.

At the balance sheet date amounts owed by associates company - Wilson Green Consultancy Ltd of £108,877 (2023 - £100,140).