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REGISTERED NUMBER: 13555493 (England and Wales)















Financial Statements for the Year Ended 31 December 2024

for

YOU NEED A BUDGET UK LTD

YOU NEED A BUDGET UK LTD (REGISTERED NUMBER: 13555493)

Contents of the Financial Statements
FOR THE YEAR ENDED 31 DECEMBER 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


YOU NEED A BUDGET UK LTD

Company Information
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTORS: T H Brown
T A Curtis
S Robertson





REGISTERED OFFICE: 4th Floor, St James House
St. James Square
Cheltenham
GL50 3PR





REGISTERED NUMBER: 13555493 (England and Wales)





AUDITORS: Byrd Link Audit & Accountancy Services Limited
Honeybourne Place
Jessop Avenue
Cheltenham
Gloucestershire
GL50 3SH

YOU NEED A BUDGET UK LTD (REGISTERED NUMBER: 13555493)

Balance Sheet
31 DECEMBER 2024

2024 2023
Notes £    £   
CURRENT ASSETS
Debtors: amounts falling due within
one year

4

115,056

93,599
Cash at bank 29,428 21,696
144,484 115,295
CREDITORS
Amounts falling due within one year 5 28,651 30,741
NET CURRENT ASSETS 115,833 84,554
TOTAL ASSETS LESS CURRENT
LIABILITIES

115,833

84,554

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 115,733 84,454
115,833 84,554

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 Board of Directors and authorised for issue on 13 March 2025 and were signed on its behalf by:





T A Curtis - Director


YOU NEED A BUDGET UK LTD (REGISTERED NUMBER: 13555493)

Notes to the Financial Statements
FOR THE YEAR ENDED 31 DECEMBER 2024


1. STATUTORY INFORMATION

You Need A Budget UK 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 (£).


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.

Financial instruments
The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Basic financial assets and liabilities that are payable or receivable within one year, typically trade payables and receivables, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration, expected to be paid or received.

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.


YOU NEED A BUDGET UK LTD (REGISTERED NUMBER: 13555493)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 DECEMBER 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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

Going concern
The directors have sought and received response from the parent company that financial support will be forthcoming for the next 12 month from the date of approval of these financial statements. On this basis, the directors continue to adopt the going concern basis of accounting in preparing the annual financial statements.

Debtors
Short term debtors are measured at transaction price, less any impairment.

Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on debtors.

Creditors
Short term creditors are measured at the transaction price.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2023 - 11 ) .

YOU NEED A BUDGET UK LTD (REGISTERED NUMBER: 13555493)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed by group undertakings 113,576 92,435
Deferred tax asset 876 1,164
Prepayments and accrued income 604 -
115,056 93,599

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Corporation tax 9,196 10,970
Pension contributions 3,506 4,652
Accrued expenses 15,949 15,119
28,651 30,741

6. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Russel Byrd FCA (Senior Statutory Auditor)
for and on behalf of Byrd Link Audit & Accountancy Services Limited

7. PENSION COMMITMENTS

The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund and amounted to £35,134 (2023: £43,717).

Contributions totalling £3,506 (2023: £4,652) were payable to the fund at the reporting date and are included in creditors.

8. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

9. ULTIMATE CONTROLLING PARTY

The company is a wholly owned subsidiary of You Need A Budget, LLC., company organized in Utah, USA.The smallest and largest group in which the results of the company are consolidated is that headed by You Need A Budget, LLC.

The consolidated financial statements may be obtained from their address at 770 East Main Street, Suite 236, Lehi, Utah, 84043, USA.