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Registered number: 08627147
YOUNGS GROUP LIMITED
Unaudited Financial Statements
For The Year Ended 31 July 2024
Beavan Webb Accountants Ltd
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 08627147
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 33,989 40,738
33,989 40,738
CURRENT ASSETS
Stocks 5 10,000 -
Debtors 6 260,327 104,951
Cash at bank and in hand 234,118 329,592
504,445 434,543
Creditors: Amounts Falling Due Within One Year 7 (132,452 ) (91,007 )
NET CURRENT ASSETS (LIABILITIES) 371,993 343,536
TOTAL ASSETS LESS CURRENT LIABILITIES 405,982 384,274
Creditors: Amounts Falling Due After More Than One Year 8 (103,736 ) (125,560 )
NET ASSETS 302,246 258,714
CAPITAL AND RESERVES
Called up share capital 10 100 100
Profit and Loss Account 302,146 258,614
SHAREHOLDERS' FUNDS 302,246 258,714
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For the year ending 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr W M Young
Director
25/04/2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
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Notes to the Financial Statements
1. General Information
YOUNGS GROUP LIMITED is a private company, limited by shares, incorporated in England & Wales, registered number 08627147 . The registered office is Unit 3 Regents Park, 129 London Road, Nantwich, Cheshire, CW5 6LW.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Motor Vehicles 20% reducing balance
Computer Equipment 33% on cost
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.5. Stocks and Work in Progress
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 stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 9 (2023: 11)
9 11
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4. Tangible Assets
Motor Vehicles Computer Equipment Total
£ £ £
Cost
As at 1 August 2023 108,411 - 108,411
Additions - 2,088 2,088
As at 31 July 2024 108,411 2,088 110,499
Depreciation
As at 1 August 2023 67,673 - 67,673
Provided during the period 8,148 689 8,837
As at 31 July 2024 75,821 689 76,510
Net Book Value
As at 31 July 2024 32,590 1,399 33,989
As at 1 August 2023 40,738 - 40,738
5. Stocks
2024 2023
£ £
Stock 10,000 -
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 93,706 82,961
Amounts owed by participating interests 120,432 21,990
Other debtors 46,189 -
260,327 104,951
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 109,343 69,463
Other creditors 7,270 -
Taxation and social security 15,839 21,544
132,452 91,007
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 16,972 49,881
Bank loans 86,764 75,679
103,736 125,560
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9. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Later than one year and not later than five years 16,972 49,881
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
11. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 August 2023 Amounts advanced Amounts repaid Amounts written off As at 31 July 2024
£ £ £ £ £
Mr William Young - 44,809 - - 44,809
The above loan is unsecured, interest free and repayable on demand.
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