REGISTERED NUMBER: 04580117 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

YOUNGER SMITH LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

R A Younger

SECRETARY:

Mrs C A Younger

REGISTERED OFFICE:

Unit 33 Crestlands Business Park

Bull Lane

Acton

Sudbury

Suffolk

CO10 0BD

REGISTERED NUMBER:

04580117 (England and Wales)

ACCOUNTANTS:

SW Accountancy

Chartered Certified Accountants

7 Davidson Close

Great Cornard

Sudbury

Suffolk

CO10 0YU

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

30,491

37,032

30,491

37,032

CURRENT ASSETS

Stocks

3,500

3,500

Debtors

6

41,896

13,061

Cash at bank

55,377

94,186

100,773

110,747

CREDITORS

Amounts falling due within one year

7

68,979

71,442

NET CURRENT ASSETS

31,794

39,305

TOTAL ASSETS LESS CURRENT LIABILITIES

62,285

76,337

CREDITORS

Amounts falling due after more than one year

8

(55,412

)

(62,585

)

PROVISIONS FOR LIABILITIES

(5,793

)

(7,036

)

NET ASSETS

1,080

6,716

CAPITAL AND RESERVES

Called up share capital

10

100

100

Retained earnings

11

980

6,616

SHAREHOLDERS' FUNDS

1,080

6,716

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 21 October 2025 and were signed by:

R A Younger - Director

1.	STATUTORY INFORMATION

Younger Smith Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and equipment

-

25% on reducing balance

Office equipment

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2024 - 3 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

and 31 March 2025

15,000

AMORTISATION

At 1 April 2024

and 31 March 2025

15,000

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

-

5.	TANGIBLE FIXED ASSETS

Plant and

Office

Motor

equipment

equipment

vehicles

Totals

£

£

£

£

COST

At 1 April 2024

4,244

8,448

77,697

90,389

Additions

2,723

904

-

3,627

At 31 March 2025

6,967

9,352

77,697

94,016

DEPRECIATION

At 1 April 2024

2,584

4,072

46,701

53,357

Charge for year

1,097

1,320

7,751

10,168

At 31 March 2025

3,681

5,392

54,452

63,525

NET BOOK VALUE

At 31 March 2025

3,286

3,960

23,245

30,491

At 31 March 2024

1,660

4,376

30,996

37,032

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

At 1 April 2024

and 31 March 2025

33,400

DEPRECIATION

At 1 April 2024

9,800

Charge for year

6,470

At 31 March 2025

16,270

NET BOOK VALUE

At 31 March 2025

17,130

At 31 March 2024

23,600

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

41,476

10,136

Other debtors

420

2,925

41,896

13,061

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

6,512

6,942

Hire purchase contracts

6,416

6,066

Trade creditors

28,283

41,816

Taxation and social security

25,537

10,279

Other creditors

2,231

6,339

68,979

71,442

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

41,794

42,551

Hire purchase contracts

13,618

20,034

55,412

62,585

9.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

48,306

49,493

The bank loan is secured by a personal guarantee given by the director.

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

100

Ordinary

£1

100

100

11.

RESERVES

Retained

earnings

£

At 1 April 2024

6,616

Profit for the year

19,364

Dividends

(25,000

)

At 31 March 2025

980