| |
|
2025 |
|
2024 |
| |
|
£ |
£ |
|
£ |
£ |
| Fixed assets |
|
|
37,420 |
|
|
44,880 |
| Current assets |
|
39,725 |
|
|
27,789 |
|
| Prepayments and accrued income |
|
2,875 |
|
|
0 |
|
| Creditors: amount falling due within one year |
|
(12,318) |
|
|
(10,581) |
|
|
Net current assets
|
|
|
30,282
|
|
|
17,208
|
|
Total assets less current liabilities
|
|
|
67,702 |
|
|
62,088 |
| Provisions for liabilities |
|
|
(89) |
|
|
(43) |
|
Net assets
|
|
|
67,613 |
|
|
62,045 |
| |
|
|
|
|
|
|
|
Capital and reserves
|
|
|
67,613 |
|
|
62,045 |
| |
NOTES TO THE ACCOUNTS
General Information
Fearless Youth Association Limited is a private company, limited by guarantee, registered in England and Wales, registration number 11327684, registration address Office F4, 27-31 Carlton Road, Nottingham, NG3 2DG.
The presentation currency is £ sterling.
| 1. |
Accounting policies
Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 105 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Government grants
Government grants received are credited to deferred income. Grants towards capital expenditure are released to the income statement over the expected useful life of the assets. Grants received towards revenue expenditure are released to the income statement as the related expenditure is incurred.
Research and development expenditure
Research and development expenditure is charged to the income statement in the period in which it is incurred.
Website cost
Planning and operating costs for the company's website are charged to the income statement as incurred.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
| Plant and Machinery |
25% Reducing Balance
|
| Fixtures and Fittings |
25% Reducing Balance
|
| Computer Equipment |
25% Reducing Balance
|
Provisions
Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.
|
| 2. |
Tangible fixed assets
| Cost or valuation |
Plant and Machinery |
|
Fixtures and Fittings |
|
Computer Equipment |
|
Total |
| |
£ |
|
£ |
|
£ |
|
£ |
| At 01 April 2024 |
13,158 |
|
3,130 |
|
34,059 |
|
50,347 |
| Additions |
- |
|
22,338 |
|
4,680 |
|
27,018 |
| Disposals |
(10,509) |
|
- |
|
(12,652) |
|
(23,161) |
| At 31 March 2025 |
2,649 |
|
25,468 |
|
26,087 |
|
54,204 |
| Depreciation |
| At 01 April 2024 |
6,995 |
|
1,826 |
|
15,854 |
|
24,675 |
| Charge for year |
502 |
|
1,468 |
|
3,020 |
|
4,990 |
| On disposals |
(6,354) |
|
- |
|
(6,527) |
|
(12,881) |
| At 31 March 2025 |
1,143 |
|
3,294 |
|
12,347 |
|
16,784 |
| Net book values |
| Closing balance as at 31 March 2025 |
1,506 |
|
22,174 |
|
13,740 |
|
37,420 |
| Opening balance as at 01 April 2024 |
6,163 |
|
20,512 |
|
18,205 |
|
44,880 |
|
| 3. |
Average number of employees
Average number of employees during the year was 2 (2024 : 2).
|
| 4. |
Company Limited by Guarantee
The company is limited by guarantee and therefore has no shares.
|
For the year ended 31 March 2025 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.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the micro-entity provisions and FRS 105, the Financial Reporting Standard applicable to the micro-entities regime. The accounts have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. The income statement has not been delivered to the Registrar of Companies.
The financial statements were approved by the board of directors on 11 December 2025 and were signed on its behalf by: --------------------------------
Angela Wathoni Gathu
Director |
1
|