2023-06-30-accounts - Youth Ink At The Heart Of The Community Ltd

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Company Registration No. 10240395 (England and Wales)

YOUTH INK AT THE HEART OF THE COMMUNITY LTD ANNUAL REPORT AND UNAUDITED ACCOUNTS FOR THE YEAR ENDED 30 JUNE 2023

YOUTH INK AT THE HEART OF THE COMMUNITY LTD ANNUAL REPORT AND UNAUDITED ACCOUNTS CONTENTS

	Page
Company information	3
Directors' report	4
Accountants' report	5
Income statement	6
Statement of financial position	7
Notes to the accounts	8
Detailed profit and loss account	10

YOUTH INK AT THE HEART OF THE COMMUNITY LTD COMPANY INFORMATION FOR THE YEAR ENDED 30 JUNE 2023

Directors

Company Number

Registered Office

Accountants

Mr. Mifta Chordhury Miss Yvette Gbordzoe Miss Shauna Dacres

10240395 (England and Wales)

47B East Dulwich Road London SE22 9AN PRACTICAL ACCOUNTANT 1000 Great West Road Brentford Middlesex TW8 9DW

YOUTH INK AT THE HEART OF THE COMMUNITY LTD (COMPANY NO: 10240395 ENGLAND AND WALES) DIRECTORS' REPORT

The directors present their report and accounts for the year ended 30 June 2023.

Directors

The following directors held office during the whole of the period:

Mr. Mifta Chordhury Miss Yvette Gbordzoe Miss Shauna Dacres

Statement of directors' responsibilities

The directors are responsible for preparing the report and accounts in accordance with applicable law and regulations.

Company law requires the directors to prepare accounts for each financial year. Under that law, the directors have elected to prepare the accounts in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the accounts unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these accounts, the directors are required to:

select suitable accounting policies and then apply them consistently;
make judgements and estimates that are reasonable and prudent;
prepare the accounts on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the accounts comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Small company provisions

This report has been prepared in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006.

Signed on behalf of the board of directors

............................................................................

Mr. Mifta Chordhury Director

Approved by the board on: 30 April 2025

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY ACCOUNTS OF YOUTH INK AT THE HEART OF THE COMMUNITY LTD FOR THE YEAR ENDED 30 JUNE 2023

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of YOUTH INK AT THE HEART OF THE COMMUNITY LTD for the year ended 30 June 2023 as set out on pages 6 - 9 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.

This report is made solely to the Board of Directors of YOUTH INK AT THE HEART OF THE COMMUNITY LTD, as a body, in accordance with the terms of our engagement letter dated 1 January 2017. Our work has been undertaken solely to prepare for your approval the accounts of YOUTH INK AT THE HEART OF THE COMMUNITY LTD and state those matters that we have agreed to state to the Board of Directors of YOUTH INK AT THE HEART OF THE COMMUNITY LTD, as a body, in this report in accordance with AAF 07/16 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than YOUTH INK AT THE HEART OF THE COMMUNITY LTD and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that YOUTH INK AT THE HEART OF THE COMMUNITY LTD has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of YOUTH INK AT THE HEART OF THE COMMUNITY LTD. You consider that YOUTH INK AT THE HEART OF THE COMMUNITY LTD is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of YOUTH INK AT THE HEART OF THE COMMUNITY LTD. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

PRACTICAL ACCOUNTANT Chartered Accountants

1000 Great West Road Brentford Middlesex TW8 9DW

31 March 2024

YOUTH INK AT THE HEART OF THE COMMUNITY LTD INCOME STATEMENT FOR THE YEAR ENDED 30 JUNE 2023

Turnover Administrative expenses Operating surplus Surplus on ordinary activities before taxation Tax on surplus on ordinary activities Surplus for the financial year	2023 £ 95,990 (95,990) - - - -	2022 £ 179,377 (177,160)
		2,217
		2,217 -
		2,217

YOUTH INK AT THE HEART OF THE COMMUNITY LTD STATEMENT OF FINANCIAL POSITION AS AT 30 JUNE 2023

Notes Fixed assets Tangible assets 4 Current assets Cash at bank and in hand Net current assets Total assets less current liabilities Creditors: amounts falling due after more than one year 5 Net assets Reserves 6 Profit and loss account Members' funds	2023 £ 1,960 22,228 22,228 24,188 (13,214) 10,974 10,974 10,974	2022 £ 1,960 22,228
		22,228
		24,188 (13,214)
		10,974
		10,974
		10,974

For the year ending 30 June 2023 the company was entitled to exemption from audit 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities.

The financial statements were approved by the Board of Directors and authorised for issue on 31 March 2024 and were signed on its behalf by

Mr. Mifta Chordhury Director

Company Registration No. 10240395

YOUTH INK AT THE HEART OF THE COMMUNITY LTD NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 30 JUNE 2023

1 Statutory information

YOUTH INK AT THE HEART OF THE COMMUNITY LTD is a private company, limited by guarantee, registered in England and Wales, registration number 10240395. The registered office is 47B East Dulwich Road, London , SE22 9AN.

2 Compliance with accounting standards

The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.

3 Accounting policies

The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.

Basis of preparation

The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.

Presentation currency

The accounts are presented in £ sterling.

Tangible fixed assets and depreciation

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:

4 Tangible fixed assets Cost or valuation At 1 July 2022 At 30 June 2023 Depreciation At 1 July 2022 At 30 June 2023 Net book value At 30 June 2023 At 30 June 2022 5 Creditors: amounts falling due after more than one year 2023 £ Bank loans 13,214	Computer equipment £ At cost 7,520
	7,520
	5,560
	5,560
	1,960
	1,960
	2022 £ 13,214

6 Company limited by guarantee

The company is limited by guarantee and has no share capital.�

Every member of the company undertakes to contribute to the assets of the company, in the event of a winding up, such an amount as may be required not exceeding £1.

YOUTH INK AT THE HEART OF THE COMMUNITY LTD NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 30 JUNE 2023

7 Average number of employees

During the year the average number of employees was 4 (2022: 4).

YOUTH INK AT THE HEART OF THE COMMUNITY LTD DETAILED PROFIT AND LOSS ACCOUNT FOR THE YEAR ENDED 30 JUNE 2023

This schedule does not form part of the statutory accounts.

This schedule does not form part of the statutory accounts.
Turnover Sales Administrative expenses Wages and salaries Directors' salaries Staff training and welfare Travel and subsistence Telephone and fax Internet Postage Stationery and printing Bank charges Insurance Equipment expensed Depreciation Accountancy fees Advertising and PR Other legal and professional Operating profit Profit on ordinary activities before taxation	2023 £ 95,990 45,000 17,850 1,169 7,192 659 144 55 1,916 324 980 18,901 1,800 - - - 95,990 - -	2022 £ 179,377
		94,931 21,224 17,800 28,611 2,290 - - 2,860 223 345 - 1,800 3,088 3,488 500
		177,160
		2,217
		2,217

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