Youngs RPS Limited


Directors	Mr G C S Bruce
	Mr S H Morshead
	Mr C R Raine
	Mr J F Turnbull
	Mr T L Whitehead


Registered Address	Myenza Building
	Priestpopple
	Hexham
	NE46 1PS


Registered Number	08979919 (England and Wales)

Statement of Financial Position
31 May 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Tangible assets	3		94,170		44,026
			94,170		44,026
Current assets
Debtors	4	862,496		796,980
Current asset investments		11,892		11,892
Cash at bank and on hand		89,089		184,319
		963,477		993,191
Creditors amounts falling due within one year	5	(413,198)		(410,168)
Net current assets (liabilities)			550,279		583,023
Total assets less current liabilities			644,449		627,049
Creditors amounts falling due after one year	6		(67,567)		(83,124)
Provisions for liabilities	7		(21,300)		(8,700)
Net assets			555,582		535,225
Capital and reserves
Called up share capital			90,005		80,004
Share premium			49,998		-
Other reserves			80,005		80,004
Profit and loss account			335,574		375,217
Shareholders' funds			555,582		535,225

The company was entitled to exemption from audit for this reporting period 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 in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Board of Directors on 1 December 2025, and are signed on its behalf by:

Mr G C S Bruce
Director
Registered Company No. 08979919

Youngs RPS Limited

Notes to the Financial Statements
for the year ended 31 May 2025

1.	Accounting policies

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

	Basis of preparation
	The financial statements have been prepared under the historical cost convention on a going concern basis unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

	Functional and presentation currency
	The financial statements are presented in sterling and this is the functional currency of the company.

	Turnover policy
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and/or the rendering of services. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

Turnover policy

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and/or the rendering of services. 

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Employee benefits
	The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further obligation. Contributions to defined contribution plans are expensed in the period to which they relate. Amounts not paid are shown in accruals in the Statement of financial position. The assets of the plan are held separately from the company in independently administered funds.

Employee benefits

The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further obligation. 

Contributions to defined contribution plans are expensed in the period to which they relate.  Amounts not paid are shown in accruals in the Statement of financial position.  The assets of the plan are held separately from the company in independently administered funds.

	Current taxation
	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
	Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

Deferred tax

Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 

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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Intangible assets
	Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

	Tangible fixed assets and depreciation
	Depreciation is charged so as to allocate the cost of asset less their residual value over their estimated useful lives, on a reducing balance basis The asset's residual values, useful lives and depreciation methods are reviewed and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss. Depreciation is provided on the following basis: Land and Buildings is charged at remaining lease term.

Tangible fixed assets and depreciation

Depreciation is charged so as to allocate the cost of asset less their residual value over their estimated useful lives, on a reducing balance basis

The asset's residual values, useful lives and depreciation methods are reviewed and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Depreciation is provided on the following basis:

Land and Buildings is charged at remaining lease term.


		Reducing balance (%)
	Fixtures and fittings	25
	Office Equipment	25

	Investments
	Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the Income Statement

Investments

Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the Income Statement

	Trade and other debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

Trade and other debtors

Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Trade and other creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Financial instruments
	The Company enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

2.	Average number of employees


		2025		2024
	Average number of employees during the year	48		49

3.	Tangible fixed assets

	Land & buildings	Fixtures & fittings	Office Equipment	Total
	£	£	£	£
Cost or valuation
At 01 June 24	39,706	24,961	195,234	259,901
Additions	1,600	-	70,427	72,027
At 31 May 25	41,306	24,961	265,661	331,928
Depreciation and impairment
At 01 June 24	39,357	22,940	153,578	215,875
Charge for year	554	506	20,823	21,883
At 31 May 25	39,911	23,446	174,401	237,758
Net book value
At 31 May 25	1,395	1,515	91,260	94,170
At 31 May 24	349	2,021	41,656	44,026

4.	Debtors: amounts due within one year

	2025	2024
	£	£
Trade debtors / trade receivables	543,962	495,119
Other debtors	20,006	18,603
Prepayments and accrued income	298,528	283,258
Total	862,496	796,980

5.	Creditors: amounts due within one year

	2025	2024
	£	£
Trade creditors / trade payables	49,895	35,091
Bank borrowings and overdrafts	25,299	31,282
Taxation and social security	204,924	243,179
Other creditors	105,242	74,537
Accrued liabilities and deferred income	27,838	26,079
Total	413,198	410,168

6.	Creditors: amounts due after one year

	2025	2024
	£	£
Bank borrowings and overdrafts	67,567	83,124
Total	67,567	83,124

7.	Provisions for liabilities
	Provisions are made where an event has taken place that gives the company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate of the settlement can be made.

	2025	2024
	£	£
Net deferred tax liability (asset)	21,300	8,700
Total	21,300	8,700

8.	Pension commitments
	The pension cost charge represents contributions payable by the company to the fund and amounted to £11,627 (2024 - £10,726).

9.	Other commitments
	At 31 May 2025 the company had future minimum lease payments under non-cancellable operating leases of £20,665 (2024 - £1,579).

10.	Related party transactions
	At the balance sheet date the company was owed £20,006 (2024 - £18,602) from Stanton Mortimer Limited, a company in which some of the directors of Youngs RPS Limited are directors and shareholders.