ANNETT YOUNG LIMITED

ANNETT YOUNG LIMITED
Statement of Financial Position
As at 31 January 2026

	2026		2025
	£	£	£	£
Fixed assets		12,177		9,185
Current assets	87,673		58,629
Prepayments and accrued income	214		0
Creditors: amount falling due within one year	(37,862)		(20,027)
Net current assets		50,025		38,602
Total assets less current liabilities		62,202		47,787
Creditors: amount falling due after more than one year		(2,358)		0
Net assets		59,844		47,787


Capital and reserves		59,844		47,787

NOTES TO THE ACCOUNTS

General Information

ANNETT YOUNG LIMITED is a private company, limited by shares, registered in Northern Ireland, registration number NI684765, registration address Top Floor, 144 High Street, Holywood, BT18 9HS.

The presentation currency is £ sterling.

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.

Going concern basis

The directors believe that the company is experiencing good levels of sales growth and profitability, and that it is well placed to manage its business risks successfully. Accordingly, they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.

Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Foreign currencies

Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rate of exchange ruling at the statement of financial position date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All foreign exchange differences are included to the income statement.

Dividends

Proposed dividends are only included as liabilities in the statement of financial position when their payment has been approved by the shareholders prior to the statement of financial position date.

2.	Average number of employees Average number of employees during the year was 2 (2025 : 2).

Related parties

During the year the company entered into the following transactions with related parties:

	Amount due from/to related party		Provision for doubtful debt from the related party
	2026 £	2025 £	2026 £	2025 £
Ryan Young	595	0	0	0
Robert Annett	771	0	0	0

At 31 January 2026, amounts due to the directors on their current accounts were £770.89 to Robert Annett and £594.69 to Ryan Young. These balances are unsecured, interest free and repayable on demand. Separate amounts are due to the directors in respect of mobile phones financed personally on behalf of the company and are being repaid in line with the underlying finance arrangements.

For the year ended 31 January 2026 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 22 October 2026 and were signed on its behalf by:

--------------------------------
Robert Annett
Director