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REGISTERED NUMBER: 12023151 (England and Wales)









UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2024

FOR

YOUNG SUSSEX LTD

YOUNG SUSSEX LTD (REGISTERED NUMBER: 12023151)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


YOUNG SUSSEX LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2024







DIRECTORS: Mrs I Boyd
S Y G Boyd





REGISTERED OFFICE: Pavilion View
19 New Road
Brighton
East Sussex
BN1 1EY





BUSINESS ADDRESS: 45 Walsingham Road
Hove
East Sussex
BN3 4FE





REGISTERED NUMBER: 12023151 (England and Wales)





ACCOUNTANTS: Hartley Fowler LLP
Chartered Accountants
Pavilion View
19 New Road
Brighton
East Sussex
BN1 1EY

YOUNG SUSSEX LTD (REGISTERED NUMBER: 12023151)

BALANCE SHEET
31 AUGUST 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 1,269,716 1,295,233
1,269,716 1,295,233

CURRENT ASSETS
Debtors 6 70,209 61,338
Cash at bank and in hand 223,366 200,066
293,575 261,404
CREDITORS
Amounts falling due within one year 7 550,376 570,999
NET CURRENT LIABILITIES (256,801 ) (309,595 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,012,915

985,638

CREDITORS
Amounts falling due after more than one
year

8

(435,141

)

(512,010

)

PROVISIONS FOR LIABILITIES 10 (7,300 ) (9,400 )
NET ASSETS 570,474 464,228

CAPITAL AND RESERVES
Called up share capital 2,520 2,520
Retained earnings 567,954 461,708
SHAREHOLDERS' FUNDS 570,474 464,228

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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.

YOUNG SUSSEX LTD (REGISTERED NUMBER: 12023151)

BALANCE SHEET - continued
31 AUGUST 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 Board of Directors and authorised for issue on 23 May 2025 and were signed on its behalf by:





S Y G Boyd - Director


YOUNG SUSSEX LTD (REGISTERED NUMBER: 12023151)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024


1. STATUTORY INFORMATION

Young Sussex 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
Revenue is measured at fair value of the consideration received or receivable. Revenue is reduced for estimated customer refunds, rebates and other similar allowances.

Revenue from nursery fees is recognised at the beginning of the monthly billing cycle.

Revenue from funding is recognised evenly over the course of the funding period.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2019, is being amortised evenly over its estimated useful life of one 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 - 2% on cost
Plant and machinery - 25% on reducing balance
Motor vehicles - 20% on reducing balance
Computer equipment - 25% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 SUSSEX LTD (REGISTERED NUMBER: 12023151)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 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 71 (2023 - 75 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 September 2023
and 31 August 2024 1
AMORTISATION
At 1 September 2023
and 31 August 2024 1
NET BOOK VALUE
At 31 August 2024 -
At 31 August 2023 -

5. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and
property machinery fittings
£    £    £   
COST
At 1 September 2023 1,327,000 3,000 35,549
Additions - - 2,964
At 31 August 2024 1,327,000 3,000 38,513
DEPRECIATION
At 1 September 2023 74,083 2,091 21,722
Charge for year 17,780 228 3,858
At 31 August 2024 91,863 2,319 25,580
NET BOOK VALUE
At 31 August 2024 1,235,137 681 12,933
At 31 August 2023 1,252,917 909 13,827

YOUNG SUSSEX LTD (REGISTERED NUMBER: 12023151)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024


5. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 September 2023 58,137 10,519 1,434,205
Additions - 506 3,470
At 31 August 2024 58,137 11,025 1,437,675
DEPRECIATION
At 1 September 2023 34,722 6,354 138,972
Charge for year 4,683 2,438 28,987
At 31 August 2024 39,405 8,792 167,959
NET BOOK VALUE
At 31 August 2024 18,732 2,233 1,269,716
At 31 August 2023 23,415 4,165 1,295,233

Included in cost of land and buildings is freehold land of £ 438,000 (2023 - £ 438,000 ) which is not depreciated.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 3,500 -
Other debtors 66,709 61,338
70,209 61,338

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 79,827 74,365
Trade creditors 47,459 40,581
Taxation and social security 88,447 68,364
Other creditors 334,643 387,689
550,376 570,999

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 435,141 512,010

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 257,866 346,170

YOUNG SUSSEX LTD (REGISTERED NUMBER: 12023151)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024


9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 19,250 19,250
Between one and five years 30,479 49,729
49,729 68,979

10. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 7,300 9,400

Deferred
tax
£   
Balance at 1 September 2023 9,400
Credit to Statement of Income and Retained Earnings during year (2,100 )
Balance at 31 August 2024 7,300

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

2024 2023
£    £   
Mrs I Boyd
Balance outstanding at start of year - 3,886
Amounts repaid - (3,886 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

12. RELATED PARTY DISCLOSURES

Included in creditors amounts falling due within one year is an amount due to the directors of £131,755 (2023: £169,755).