Young And Cheeky Limited 08653509 false 2023-09-01 2024-08-31 2024-08-31 The principal activity of the company is Retail sale via mail order houses or via Internet Digita Accounts Production Advanced 6.30.9574.0 true 08653509 2023-09-01 2024-08-31 08653509 2024-08-31 08653509 core:RetainedEarningsAccumulatedLosses 2024-08-31 08653509 core:ShareCapital 2024-08-31 08653509 core:CurrentFinancialInstruments 2024-08-31 08653509 core:CurrentFinancialInstruments core:WithinOneYear 2024-08-31 08653509 core:FurnitureFittingsToolsEquipment 2024-08-31 08653509 bus:SmallEntities 2023-09-01 2024-08-31 08653509 bus:AuditExemptWithAccountantsReport 2023-09-01 2024-08-31 08653509 bus:FilletedAccounts 2023-09-01 2024-08-31 08653509 bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 08653509 bus:RegisteredOffice 2023-09-01 2024-08-31 08653509 bus:Director2 2023-09-01 2024-08-31 08653509 bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 08653509 core:FurnitureFittingsToolsEquipment 2023-09-01 2024-08-31 08653509 core:OfficeEquipment 2023-09-01 2024-08-31 08653509 countries:EnglandWales 2023-09-01 2024-08-31 08653509 2023-08-31 08653509 core:FurnitureFittingsToolsEquipment 2023-08-31 08653509 2022-09-01 2023-08-31 08653509 2023-08-31 08653509 core:RetainedEarningsAccumulatedLosses 2023-08-31 08653509 core:ShareCapital 2023-08-31 08653509 core:CurrentFinancialInstruments 2023-08-31 08653509 core:CurrentFinancialInstruments core:WithinOneYear 2023-08-31 iso4217:GBP xbrli:pure

Registration number: 08653509

Young And Cheeky Limited

Unaudited Financial Statements

for the Year Ended 31 August 2024

 

Young And Cheeky Limited

Contents

Balance Sheet

1

Notes to the Unaudited Financial Statements

2 to 4

 

Young And Cheeky Limited

(Registration number: 08653509)
Balance Sheet as at 31 August 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

820

-

Current assets

 

Stocks

-

5,892

Debtors

5

726

915

Cash at bank and in hand

 

2,942

5,895

 

3,668

12,702

Creditors: Amounts falling due within one year

6

(3,489)

(4,186)

Net current assets

 

179

8,516

Net assets

 

999

8,516

Capital and reserves

 

Called up share capital

100

100

Retained earnings

899

8,416

Shareholders' funds

 

999

8,516

For the financial year ending 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 28 August 2025 and signed on its behalf by:
 

.........................................
Mr P J Adams
Director

 

Young And Cheeky Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
98 Nantwich Road
Audley
Stoke-On-Trent
Staffordshire
ST7 8DL

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

These financial statements are prepared in Sterling, which is the functional currency of the company. All monetary amounts are rounded to the nearest £.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods in the ordinary course of the company’s activities. Turnover is shown net of returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax.

The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

 

Young And Cheeky Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Computer equipment

straight line over 3 years

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2023 - 2).

4

Tangible assets

Computer equipment
 £

Total
£

Cost or valuation

At 1 September 2023

2,208

2,208

Additions

1,223

1,223

At 31 August 2024

3,431

3,431

Depreciation

At 1 September 2023

2,208

2,208

Charge for the year

403

403

At 31 August 2024

2,611

2,611

Carrying amount

At 31 August 2024

820

820

 

Young And Cheeky Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024

5

Debtors

Current

Note

2024
£

2023
£

Trade debtors

 

-

266

Amounts owed by related parties

726

649

   

726

915

6

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Trade creditors

 

1,080

960

Other creditors

 

2,409

3,226

 

3,489

4,186