Company Registration No. 08654845 (England and Wales)
YOUNG FUTURES SOCIAL CARE LTD
Unaudited accounts
for the year ended 31 December 2024
YOUNG FUTURES SOCIAL CARE LTD
Unaudited accounts
Contents
YOUNG FUTURES SOCIAL CARE LTD
Company Information
for the year ended 31 December 2024
Directors
Osman Ahmed Abdi Jama
Gurvi Acharya
Company Number
08654845 (England and Wales)
Registered Office
127 LAMBETH WALK
LONDON
SE11 2EE
Accountants
Relax Tax Limited
5 Central Parade
Station Road
Sidcup
Kent
DA15 7DH
YOUNG FUTURES SOCIAL CARE LTD
Statement of financial position
as at 31 December 2024
Cash at bank and in hand
100,306
Creditors: amounts falling due within one year
(381,316)
Net current liabilities
(271,948)
Total assets less current liabilities
(15,740)
Creditors: amounts falling due after more than one year
(12,215)
Called up share capital
100
Profit and loss account
(28,055)
Shareholders' funds
(27,955)
For the year ending 31 December 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 27 May 2025 and were signed on its behalf by
Osman Ahmed Abdi Jama
Director
Company Registration No. 08654845
YOUNG FUTURES SOCIAL CARE LTD
Notes to the Accounts
for the year ended 31 December 2024
YOUNG FUTURES SOCIAL CARE LTD is a private company, limited by shares, registered in England and Wales, registration number 08654845. The registered office is 127 LAMBETH WALK, LONDON, SE11 2EE.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
The financial statements were prepared on a going concern basis, despite the company incurring a net loss of £28,055 during the year and having a net liability of £27,955 at the end of the year. Budget projections for the foreseeable future have been prepared by the directors and the forecast indicates a substantial amount of profit. Directors have agreed to continue to support the company for a minimum of 12 months following approval of these financial statements, and will not be seeking repayment of the amounts currently available. This should enable the company to continue in operational existence for the foreseeable future by meeting its liabilities as they fall due for payments. As with any company placing reliance on other related parties for financial support, that there are no certainty that this support will continue although at the date of approval of these financial statements, there is no reason to believe that they will not do so.
On this basis, the directors believe that it remains appropriate to prepare the financial statements on a going concern basis.
YOUNG FUTURES SOCIAL CARE LTD
Notes to the Accounts
for the year ended 31 December 2024
4
Intangible fixed assets
Goodwill
Other
Total
Additions
5,000
253,844
258,844
At 31 December 2024
5,000
253,844
258,844
Charge for the year
1,000
10,154
11,154
At 31 December 2024
1,000
10,154
11,154
At 31 December 2024
4,000
243,690
247,690
Other Intangible assets include leasehold , which will be amortized over its useful life of 25 years.
5
Tangible fixed assets
Plant & machinery
At 31 December 2024
10,647
Amounts falling due within one year
Accrued income and prepayments
2,000
7
Creditors: amounts falling due within one year
2024
Bank loans and overdrafts
14,400
Taxes and social security
71,627
Loans from directors
260,056
YOUNG FUTURES SOCIAL CARE LTD
Notes to the Accounts
for the year ended 31 December 2024
8
Creditors: amounts falling due after more than one year
2024
9
Transactions with related parties
The directors loan balance was in credit of £260,056 at the date of the balance sheet.
10
Average number of employees
During the year the average number of employees was 25.