You First Partnership Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 05115271

You First Partnership Limited

Filleted Financial Statements

31 March 2025

You First Partnership Limited

Financial Statements

Period from 1 October 2023 to 31 March 2025

Contents	Page

Statement of financial position	1

Notes to the financial statements	2

You First Partnership Limited

Statement of Financial Position

31 March 2025

	31 Mar 25	30 Sep 23
Note	£	£

Fixed assets

Tangible assets	6	–	8,717

Current assets

Stocks		–	9,500
Debtors	7	15,396	46,000
Cash at bank and in hand		–	21,967
		--------	--------
		15,396	77,467

Creditors: amounts falling due within one year	8	36,301	62,287
		--------	--------
Net current (liabilities)/assets		( 20,905)	15,180
		--------	--------
Total assets less current liabilities		( 20,905)	23,897

Creditors: amounts falling due after more than one year	9	–	21,705

Provisions

Taxation including deferred tax	–	2,179
	--------	--------
Net (liabilities)/assets	( 20,905)	13
	--------	--------

Capital and reserves

Called up share capital	2	2
Profit and loss account	( 20,907)	11
	--------	----
Shareholders (deficit)/funds	( 20,905)	13
	--------	----

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

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 were approved by the board of directors and authorised for issue on 7 October 2025 , and are signed on behalf of the board by:

Mr D J Chappell	Mr D J O'Connor
Director	Director

Company registration number: 05115271

You First Partnership Limited

Notes to the Financial Statements

Period from 1 October 2023 to 31 March 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Unit 14 Bellingham Way, Aylesford, ME20 7HP, England.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Goodwill

Goodwill arises on business acquisitions and represents the excess of the cost of the acquisition over the company's interest in the net amount of the identifiable assets, liabilities and contingent liabilities of the acquired business. Goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. It is amortised on a straight-line basis over its useful life. Where a reliable estimate of the useful life of goodwill or intangible assets cannot be made, the life is presumed not to exceed ten years.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

	Goodwill	-	20% straight line

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Fixtures and fittings	-	25% reducing balance
Motor vehicles	-	25% reducing balance
Equipment	-	33% straight line

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Finance leases and hire purchase contracts

Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.

Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses. Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.

4. Employee numbers

The average number of persons employed by the company during the period amounted to 3 (2023: 2 ).

5. Intangible assets

	Goodwill
	£
Cost
At 1 October 2023 and 31 March 2025	60,000
	--------
Amortisation
At 1 October 2023 and 31 March 2025	60,000
	--------
Carrying amount
At 31 March 2025	–
	--------
At 30 September 2023	–
	--------

6. Tangible assets

	Fixtures and fittings	Motor vehicles	Equipment	Total
	£	£	£	£
Cost
At 1 October 2023	4,014	44,631	3,219	51,864
Disposals	( 4,014)	( 44,631)	( 3,219)	( 51,864)
	-------	--------	-------	--------
At 31 March 2025	–	–	–	–
	-------	--------	-------	--------
Depreciation
At 1 October 2023	3,797	36,131	3,219	43,147
Charge for the period	32	1,254	–	1,286
Disposals	( 3,829)	( 37,385)	( 3,219)	( 44,433)
	-------	--------	-------	--------
At 31 March 2025	–	–	–	–
	-------	--------	-------	--------
Carrying amount
At 31 March 2025	–	–	–	–
	-------	--------	-------	--------
At 30 September 2023	217	8,500	–	8,717
	-------	--------	-------	--------

7. Debtors

	31 Mar 25	30 Sep 23
	£	£
Trade debtors	–	24,367
Amounts owed by group undertakings and undertakings in which the company has a participating interest	15,396	–
Other debtors	–	21,633
	--------	--------
	15,396	46,000
	--------	--------

8. Creditors: amounts falling due within one year

	31 Mar 25	30 Sep 23
	£	£
Bank loans and overdrafts	–	9,848
Trade creditors	2,301	9,211
Corporation tax	18,056	18,715
Social security and other taxes	15,576	19,745
Other creditors	368	4,768
	--------	--------
	36,301	62,287
	--------	--------

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

	31 Mar 25	30 Sep 23
	£	£
Bank loans and overdrafts	–	21,705
	----	--------

10. Summary audit opinion

The auditor's report dated 7 October 2025 was unqualified .

The senior statutory auditor was Robert Field FCA CTA , for and on behalf of Burgess Hodgson Audit Limited .

11. Directors' advances, credits and guarantees

At the year end, the Directors owed the company £nil (2023: £21,633).

12. Related party transactions

At year end, the company was owed £15,396 (2023: n/a) by a group company.

13. Controlling party

The company's ultimate parent company is Managed Technology Corporation Topco Limited a company incorporated in England and Wales. The registered office of said company is Unit 14 New Hythe Business Park, Bellingham Way, Maidstone, Kent, United Kingdom, ME20 7HP .