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# YOUNG TECHNICIANS CIC

## Company limited by guarantee

## Company Registration Number:
10861049 (England and Wales)

## Unaudited statutory accounts for the year ended 31 July 2025

## Period of accounts

## Start date: 1 August 2024

## End date: 31 July 2025

# YOUNG TECHNICIANS CIC

## Contents of the Financial Statements

for the Period Ended 31 July 2025

Balance sheet |
Additional notes |
Balance sheet notes |
Community Interest Report |

# YOUNG TECHNICIANS CIC

## Balance sheet

As at 31 July 2025

| Notes | 2025 | 2024
--- | --- | --- | ---
|  | £ | £
Fixed assets
Tangible assets: | 3 | 97,231 | 52,015
Total fixed assets: |  | 97,231 | 52,015
Current assets
Debtors: | 4 | 50,018 | 46,239
Cash at bank and in hand: |  | 37,188 | 13,115
Total current assets: |  | 87,206 | 59,354
Creditors: amounts falling due within one year: | 5 | ( 2,046 ) | ( 24,065 )
Net current assets (liabilities): |  | 85,160 | 35,289
Total assets less current liabilities: |  | 182,391 | 87,304
Creditors: amounts falling due after more than one year: | 6 | ( 114,999 ) | ( 22,208 )
Total net assets (liabilities): |  | 67,392 | 65,096
Members' funds
Profit and loss account: |  | 67,392 | 65,096
Total members' funds: |  | 67,392 | 65,096

The notes form part of these financial statements

# YOUNG TECHNICIANS CIC

## Balance sheet statements

For the year ending 31 July 2025 the company was entitled to exemption 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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen not to file a copy of the company's profit and loss account.

This report was approved by the board of directors on 29 January 2026
and signed on behalf of the board by:

Name: Giuseppe Soccio
Status: Director

The notes form part of these financial statements

# YOUNG TECHNICIANS CIC

## Notes to the Financial Statements

for the Period Ended 31 July 2025

- ## 1. Accounting policies

  Basis of measurement and preparation

  These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

  Tangible fixed assets depreciation policy

  Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives: Plant & machinery 20% reducing balance Motor vehicles 20% reducing balance

# YOUNG TECHNICIANS CIC

## Notes to the Financial Statements

for the Period Ended 31 July 2025

- ## 2. Employees

  | 2025 | 2024
  --- | --- | ---
  Average number of employees during the period | 11 | 11

# YOUNG TECHNICIANS CIC

## Notes to the Financial Statements

for the Period Ended 31 July 2025

## 3. Tangible assets

| Land & buildings | Plant & machinery | Fixtures & fittings | Office equipment | Motor vehicles | Total
--- | --- | --- | --- | --- | --- | ---
Cost | £ | £ | £ | £ | £ | £
At 1 August 2024 |  | 103,430 |  |  | 2,800 | 106,230
Additions |  | 68,274 |  |  |  | 68,274
Disposals |  |  |  |  |  |
Revaluations |  |  |  |  |  |
Transfers |  |  |  |  |  |
At 31 July 2025 |  | 171,704 |  |  | 2,800 | 174,504
Depreciation |  |  |  |  |  |
At 1 August 2024 |  | 52,849 |  |  | 1,366 | 54,215
Charge for year |  | 22,771 |  |  | 287 | 23,058
On disposals |  |  |  |  |  |
Other adjustments |  |  |  |  |  |
At 31 July 2025 |  | 75,620 |  |  | 1,653 | 77,273
Net book value |  |  |  |  |  |
At 31 July 2025 |  | 96,084 |  |  | 1,147 | 97,231
At 31 July 2024 |  | 50,581 |  |  | 1,434 | 52,015

# YOUNG TECHNICIANS CIC

## Notes to the Financial Statements

for the Period Ended 31 July 2025

## 4. Debtors

| 2025 | 2024
--- | --- | ---
| £ | £
Trade debtors | 1,679 |
Prepayments and accrued income | 4,200 | 2,100
Other debtors | 44,139 | 44,139
Total | 50,018 | 46,239

# YOUNG TECHNICIANS CIC

## Notes to the Financial Statements

for the Period Ended 31 July 2025

## 5. Creditors: amounts falling due within one year note

| 2025 | 2024
--- | --- | ---
| £ | £
Taxation and social security | 2,046 | 3,374
Accruals and deferred income |  | 20,691
Total | 2,046 | 24,065

# YOUNG TECHNICIANS CIC

## Notes to the Financial Statements

for the Period Ended 31 July 2025

## 6. Creditors: amounts falling due after more than one year note

| 2025 | 2024
--- | --- | ---
| £ | £
Bank loans and overdrafts | 114,999 | 22,208
Total | 114,999 | 22,208

# COMMUNITY INTEREST ANNUAL REPORT

### YOUNG TECHNICIANS CIC

### Company Number: 10861049 (England and Wales)

### Year Ending: 31 July 2025

Company activities and impact

Young Technicians principal activity is the provision of Alternative Education (AP) to young people who can not attend mainstream education. We engage with them on a personal level and teach them in the creative arts subjects as well mainstream subject such as English & Maths. We also have after school activities that engage with young people within creative arts and technology subjects. We have grown our offering over the past 12 months and have engaged with more young people giving the confidence and skills to engage with the wider community.

Consultation with stakeholders

We consult with young people through committees that they run around the courses and after school activities that we offer. We consult with local authorities and other educational authorities as to the services we offer and the standard of our services.

Directors' remuneration

The total amount paid or receivable by directors in respect of qualifying services was £45,000.

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
26 February 2026

And signed on behalf of the board by:
Name: Giuseppe Soccio
Status: Director