YOUNGS ENGINEERING LTD

Company Registration Number:
05933377 (England and Wales)

Unaudited statutory accounts for the year ended 30 September 2024

Period of accounts

Start date: 01 October 2023

End date: 30 September 2024

YOUNGS ENGINEERING LTD

Contents of the Financial Statements

for the Period Ended 30 September 2024

Company Information - 3
Balance sheet - 4
Additional notes - 6
Balance sheet notes - 9

YOUNGS ENGINEERING LTD

Company Information

for the Period Ended 30 September 2024




Director: D Young
Mrs. M E Young
Secretary: Mary Young
Registered office: Building 15 North
Aston Down Business Park
Frampton Mansell
Stroud
Gloucestershire
GL6 8GA
Company Registration Number: 05933377 (England and Wales)

YOUNGS ENGINEERING LTD

Balance sheet

As at 30 September 2024


Notes

2024
£

2023
£
Fixed assets
Tangible assets: 4 52,184 61,093
Total fixed assets: 52,184 61,093
Current assets
Stocks: 14,463 64,800
Debtors: 5 7,664 8,930
Cash at bank and in hand: 1 510
Total current assets: 22,128 74,240
Creditors: amounts falling due within one year: 6 ( 53,342 ) ( 77,004 )
Net current assets (liabilities): ( 31,214 ) ( 2,764 )
Total assets less current liabilities: 20,970 58,329
Creditors: amounts falling due after more than one year: 7 ( 15,915 ) ( 22,960 )
Provision for liabilities: ( 6,311 ) ( 7,995 )
Total net assets (liabilities): ( 1,256 ) 27,374

The notes form part of these financial statements

YOUNGS ENGINEERING LTD

Balance sheet continued

As at 30 September 2024


Notes

2024
£

2023
£
Capital and reserves
Called up share capital: 2 2
Profit and loss account: ( 1,258 ) 27,372
Shareholders funds: ( 1,256 ) 27,374

For the year ending 30 September 2024 the company was entitled to exemption 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.

This report was approved by the board of directors on 11 June 2025
And Signed On Behalf Of The Board By:

Name: D Young
Status: Director

Name: Mrs. M E Young
Status: Director

The notes form part of these financial statements

YOUNGS ENGINEERING LTD

Notes to the Financial Statements

for the Period Ended 30 September 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

YOUNGS ENGINEERING LTD

Notes to the Financial Statements

for the Period Ended 30 September 2024

  • 2. Employees


    2024

    2023
    Average number of employees during the period 3 4

YOUNGS ENGINEERING LTD

Notes to the Financial Statements

for the Period Ended 30 September 2024

  • 3. Off balance sheet disclosure

    No

YOUNGS ENGINEERING LTD

Notes to the Financial Statements

for the Period Ended 30 September 2024

4. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 01 October 2023 6,985 164,900 7,239 3,250 26,458 208,832
Additions - 2,650 - - - 2,650
Disposals - - - - - -
Revaluations - - - - - -
Transfers - - - - - -
At 30 September 2024 6,985 167,550 7,239 3,250 26,458 211,482
Depreciation
At 01 October 2023 6,985 121,225 5,226 2,638 11,665 147,739
Charge for year - 6,949 302 609 3,699 11,559
On disposals - - - - - -
Other adjustments - - - - - -
At 30 September 2024 6,985 128,174 5,528 3,247 15,364 159,298
Net book value
At 30 September 2024 0 39,376 1,711 3 11,094 52,184
At 30 September 2023 0 43,675 2,013 612 14,793 61,093

YOUNGS ENGINEERING LTD

Notes to the Financial Statements

for the Period Ended 30 September 2024

5. Debtors


2024
£

2023
£
Trade debtors 2,880 1,477
Prepayments and accrued income 2,259 2,357
Other debtors 2,525 5,096
Total 7,664 8,930

YOUNGS ENGINEERING LTD

Notes to the Financial Statements

for the Period Ended 30 September 2024

6.Creditors: amounts falling due within one year note


2024
£

2023
£
Bank loans and overdrafts 32,113 6,855
Amounts due under finance leases and hire purchase contracts 1,264 1,264
Trade creditors 4,429 59,826
Taxation and social security 7,574 6,864
Other creditors 7,962 2,195
Total 53,342 77,004

YOUNGS ENGINEERING LTD

Notes to the Financial Statements

for the Period Ended 30 September 2024

7.Creditors: amounts falling due after more than one year


2024
£

2023
£
Bank loans and overdrafts 4,298 10,079
Amounts due under finance leases and hire purchase contracts 11,617 12,881
Total 15,915 22,960