IRIS Accounts Production v24.3.2.46 09719565 director 1.7.23 30.6.24 30.6.24 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh097195652023-06-30097195652024-06-30097195652023-07-012024-06-30097195652022-06-30097195652022-07-012023-06-30097195652023-06-3009719565ns15:EnglandWales2023-07-012024-06-3009719565ns14:PoundSterling2023-07-012024-06-3009719565ns10:Director12023-07-012024-06-3009719565ns10:PrivateLimitedCompanyLtd2023-07-012024-06-3009719565ns10:SmallEntities2023-07-012024-06-3009719565ns10:AuditExempt-NoAccountantsReport2023-07-012024-06-3009719565ns10:SmallCompaniesRegimeForDirectorsReport2023-07-012024-06-3009719565ns10:SmallCompaniesRegimeForAccounts2023-07-012024-06-3009719565ns10:FullAccounts2023-07-012024-06-300971956512023-07-012024-06-3009719565ns10:RegisteredOffice2023-07-012024-06-3009719565ns5:CurrentFinancialInstruments2024-06-3009719565ns5:CurrentFinancialInstruments2023-06-3009719565ns5:ShareCapital2024-06-3009719565ns5:ShareCapital2023-06-3009719565ns5:CapitalRedemptionReserve2024-06-3009719565ns5:CapitalRedemptionReserve2023-06-3009719565ns5:RetainedEarningsAccumulatedLosses2024-06-3009719565ns5:RetainedEarningsAccumulatedLosses2023-06-3009719565ns5:IntangibleAssetsOtherThanGoodwill2023-07-012024-06-3009719565ns5:ComputerSoftware2023-07-012024-06-3009719565ns5:PlantMachinery2023-07-012024-06-3009719565ns5:IntangibleAssetsOtherThanGoodwill2023-06-3009719565ns5:IntangibleAssetsOtherThanGoodwill2024-06-3009719565ns5:IntangibleAssetsOtherThanGoodwill2023-06-3009719565ns5:MotorVehicles2023-06-3009719565ns5:ComputerEquipment2023-06-3009719565ns5:MotorVehicles2023-07-012024-06-3009719565ns5:ComputerEquipment2023-07-012024-06-3009719565ns5:MotorVehicles2024-06-3009719565ns5:ComputerEquipment2024-06-3009719565ns5:MotorVehicles2023-06-3009719565ns5:ComputerEquipment2023-06-3009719565ns5:WithinOneYearns5:CurrentFinancialInstruments2024-06-3009719565ns5:WithinOneYearns5:CurrentFinancialInstruments2023-06-3009719565ns5:Non-currentFinancialInstrumentsns5:AfterOneYear2024-06-3009719565ns5:Non-currentFinancialInstrumentsns5:AfterOneYear2023-06-30
REGISTERED NUMBER: 09719565 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2024

for

Young Professionals UK - Inspiring a New
Generation Ltd.

Young Professionals UK - Inspiring a New
Generation Ltd. (Registered number: 09719565)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Young Professionals UK - Inspiring a New
Generation Ltd.

Company Information
for the Year Ended 30 June 2024







DIRECTOR: Mr D S Miller





REGISTERED OFFICE: 15th Floor (CS)
6 Bevis Marks
London
EC3A 7BA





REGISTERED NUMBER: 09719565 (England and Wales)





ACCOUNTANTS: Beaumont Chapman Limited
Foxhall Lodge
Foxhall Road
Nottingham
Nottinghamshire
NG7 6LH

Young Professionals UK - Inspiring a New
Generation Ltd. (Registered number: 09719565)

Balance Sheet
30 June 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 23,762 19,139
Tangible assets 5 13,405 25,375
37,167 44,514

CURRENT ASSETS
Debtors 6 274,419 150,413
Cash at bank 13,410 28,107
287,829 178,520
CREDITORS
Amounts falling due within one year 7 407,700 287,580
NET CURRENT LIABILITIES (119,871 ) (109,060 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(82,704

)

(64,546

)

PROVISIONS FOR LIABILITIES - 7,200
NET LIABILITIES (82,704 ) (71,746 )

CAPITAL AND RESERVES
Called up share capital 98 98
Capital redemption reserve 2 2
Retained earnings (82,804 ) (71,846 )
(82,704 ) (71,746 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

Young Professionals UK - Inspiring a New
Generation Ltd. (Registered number: 09719565)

Balance Sheet - continued
30 June 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 11 February 2025 and were signed by:





Mr D S Miller - Director


Young Professionals UK - Inspiring a New
Generation Ltd. (Registered number: 09719565)

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

1. STATUTORY INFORMATION

Young Professionals UK - Inspiring a New Generation 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.

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.

Computer software is being amortised evenly over its estimated useful life of ten years.

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 - 50% on cost and 25% 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.

Young Professionals UK - Inspiring a New
Generation Ltd. (Registered number: 09719565)

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

2. ACCOUNTING POLICIES - continued

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 6 (2023 - 4 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 July 2023 21,265
Additions 7,500
At 30 June 2024 28,765
AMORTISATION
At 1 July 2023 2,126
Charge for year 2,877
At 30 June 2024 5,003
NET BOOK VALUE
At 30 June 2024 23,762
At 30 June 2023 19,139

Young Professionals UK - Inspiring a New
Generation Ltd. (Registered number: 09719565)

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

5. TANGIBLE FIXED ASSETS
Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 July 2023 44,390 8,974 53,364
Additions - 2,780 2,780
At 30 June 2024 44,390 11,754 56,144
DEPRECIATION
At 1 July 2023 22,195 5,794 27,989
Charge for year 11,098 3,652 14,750
At 30 June 2024 33,293 9,446 42,739
NET BOOK VALUE
At 30 June 2024 11,097 2,308 13,405
At 30 June 2023 22,195 3,180 25,375

6. DEBTORS
30.6.24 30.6.23
£    £   
Amounts falling due within one year:
Trade debtors 137,712 82,680
Other debtors 124,021 65,900
261,733 148,580

Amounts falling due after more than one year:
Other debtors 12,686 1,833

Aggregate amounts 274,419 150,413

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade creditors 21,631 50,473
Taxation and social security 40,918 44,525
Other creditors 345,151 192,582
407,700 287,580

Young Professionals UK - Inspiring a New
Generation Ltd. (Registered number: 09719565)

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

8. SHARE TRANSACTION

During the prior year, the company bought back 2 shares from minority shareholders and the share capital was reduced accordingly.

9. RELATED PARTY DISCLOSURES

During the year loans totalling £61,724 (2023: £34,737) were made to a company controlled by Mr D Miller, a director and shareholder. The balance outstanding at the year end was £12,686 (2023: £1,833).

During the year, Mr D Miller charged the company £3,840 (2023: £3,520) in office rent.

At 30 June 2024, there was a balance of £4,700 owed by the company to the director (2023: £3,869 owed by the director to the company).

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr D S Miller.