Company registration number 11796091 (England and Wales)
SMITH YOUNG HOLDINGS LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2025
PAGES FOR FILING WITH REGISTRAR
SMITH YOUNG HOLDINGS LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 5
SMITH YOUNG HOLDINGS LIMITED
BALANCE SHEET
AS AT 31 MAY 2025
31 May 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Investments
3
92,754
92,754
Current assets
Debtors
4
477,945
376,648
Cash at bank and in hand
134,349
272,885
612,294
649,533
Creditors: amounts falling due within one year
5
(462,693)
(561,397)
Net current assets
149,601
88,136
Net assets
242,355
180,890
Capital and reserves
Called up share capital
6
770
700
Share premium account
78,737
17,042
Other reserves
85,043
85,043
Profit and loss reserves
77,805
78,105
Total equity
242,355
180,890

For the financial year ended 31 May 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 7 July 2025 and are signed on its behalf by:
Mr J Martin
Director
Company registration number 11796091 (England and Wales)
SMITH YOUNG HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2025
- 2 -
1
Accounting policies
Company information

Smith Young Holdings Limited is a private company limited by shares incorporated in England and Wales. The registered office is The Management Suite, 1 The Oasis, Meadowhall Centre, Sheffield, S9 1EP.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Other income represents dividends receivable from group undertakings.

1.3
Fixed asset investments

Interests in subsidiaries are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

1.4
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include deposits held at call with banks and other short-term liquid investments with original maturities of three months or less. Bank overdrafts are shown within borrowings in current liabilities.

1.5
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

SMITH YOUNG HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2025
1
Accounting policies
(Continued)
- 3 -
Basic financial liabilities

Basic financial liabilities, including creditors and loans from fellow group companies that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.6
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.7
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
4
3
3
Fixed asset investments
2025
2024
£
£
Shares in group undertakings and participating interests
92,754
92,754
4
Debtors
2025
2024
Amounts falling due within one year:
£
£
Amounts owed by group undertakings
477,945
376,648
SMITH YOUNG HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2025
4
Debtors
(Continued)
- 4 -

5
Creditors: amounts falling due within one year
2025
2024
£
£
Other creditors
462,693
561,397
SMITH YOUNG HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2025
- 5 -
6
Called up share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
A Ordinary of £1 each
200
200
200
200
B Ordinary of £1 each
200
200
200
200
C Ordinary of £1 each
200
200
200
200
D Ordinary of £1 each
43
50
43
50
E Ordinary of £1 each
42
50
42
50
F Ordinary of £1 each
43
-
43
-
G Ordinary of £1 each
42
-
42
-
770
700
770
700

During the year the company undertook a share redesignation and issue giving rise to two new share classes.

On the 21st March 2025 28 £1 F Ordinary shares and 42 £1 G Ordinary shares were issued at par.

On the 21st March 2025 7 £1 D Ordinary shares were redesignated to F Ordinary shares.

On the 21st March 2025 8 £1 E Ordinary shares were redesignated to F Ordinary shares.

Each share is entitled pari passu to voting rights, dividend payments or any other distribution.

The excess consideration paid above the nominal value for the F Ordinary and G Ordinary shares is the movement in share premium during the year.

7
Related party transactions

Other creditors include interest free loans, with no fixed repayment terms, from the directors and shareholders of £462,693 (202 4: £561,395).

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