B YOUNG STAR LTD
UNAUDITED FINANCIAL STATEMENT FOR THE YEAR ENDED 30 APRIL 2023
Company Number 10125229
SHIPKOLYE FINANCIAL SERVICES ACCOUNTANT 89 LANGHAM ROAD LONDON N15 3LR
| B YOUNG STAR LTD | |
|---|---|
| YEAR ENDED 30 APRIL 2023 | |
| CONTENTS | |
| Page | |
| Director’s Report | 4 |
| Accountants’ Report | 5 |
| Profit and Loss Account | 6 |
| Balance Sheet | 7-10 |
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B YOUNG STAR LTD
YEAR ENDED 30 APRIL 2023
COMPANY INFORMATION
Director Y Hodan D Ellis Abdi Barre A Mohamoud Company Number 10125229 Registered Office Woolwich Common Youth Club, Nightingale Place Chingford, London, SE18 4HE Accountant Shipkolye Financial Services 89 Langham Road London N15 3LR
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B YOUNG STAR LTD
YEAR ENDED 30 APRIL 2023
Director’s Report FOR THE YEAR ENDED 30th APRIL 2023.
The director presents his report and financial statements for the year ended 30th APRIL 2023.
Principal Activities
The principal activities of the company continued to be that of after school club activities.
Directors
The following directors have held office since 14[TH] APRIL 2016:
Director’s Responsibilities
The director is responsible for preparing the annual report and financial statement in accordance with applicable law and United Kingdom General Accepted Accounting Practice (UK GAAP)
Company Law requires the director to prepare financial statements for the each financial year which give a true and fair view of the state of affairs of the company as at the end of the financial year and of the profit or loss of the company for that period. In preparing those financial statements, the directors are required to:
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Select suitable accounting policies and then apply them consistently;
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Make judgements and estimates that are reasonable and prudent;
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Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The director is responsible for maintaining proper accounting records which disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure to ensure that the financial statements comply with the Companies Act. It is also their responsibility to safeguard the assets of the company and hence to take reasonable steps to prevent and detect fraud and other irregularities.
Directors’ Interest
During the year there were no beneficial interests in the share capital of the company with respect to any of the directors or their families.
Disclosure of Information
In the case of each of the persons who are directors at the time when the directors report is approved:
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So far as the director is aware , there is no relevant audit information (information needed by the company’s auditors in connection with preparing their report) of which the company’s auditors are unaware, and
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Each director has taken all the steps that he ought to have taken as a director in order to make himself aware of any relevant audit information and to establish that the company’s auditors are aware of that information.
Signed on behalf of the board
A Mohamood
Director
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Dated: 2310412023
B YOUNG STAR LTD PROFIT AND LOSS ACCOUNT YEAR ENDED 30 APRIL 2023
| Total 2023 | Total 2022 | ||||
|---|---|---|---|---|---|
| Note | £ | £ | £ | £ | |
| INCOME FROM | |||||
| Turnover | 2 | 96,409 | 96,409 | 135,866 | |
| Interest | 3 | ||||
| --------------------------------------- | --------------------------------- | --------------------------------------- | --------------------------------------- | ||
| TOTAL | 96,409 | 96,409 | 135,866 | ||
| --------------------------------------- | --------------------------------- | --------------------------------------- | --------------------------------------- | ||
| Administrative Expenses | 4-5 | (95,449) | (95,449) | (135,784) | |
| --------------------------------------- | ----------------------------------- | --------------------------------------- | --------------------------------------- | ||
| TOTAL | (95,449) | (95,449) | (135,784) | ||
| --------------------------------------- | --------------------------------- | --------------------------------------- | --------------------------------------- | ||
| Operating Profit | 960 | 960 | 81 | ||
| Profit brought forward | (3,097) | (3,097) | (3,178) | ||
| --------------------------------------- | ----------------------------------- | --------------------------------------- | --------------------------------------- | ||
| Profit for the financial year | (2,137) | (2,137) | (3,097) | ||
| ======================================= | ================================= | ======================================= | ======================================= |
The notes on pages 5 to 10 form part of these financial statements.
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B YOUNG STAR LTD
| B YOUNG STAR LTD | B YOUNG STAR LTD | B YOUNG STAR LTD | |||
|---|---|---|---|---|---|
| BALANCE SHEET | **Company No ** | 10125229 | |||
| YEAR ENDED 30 APRIL 2023 | |||||
| 2023 | 2022 | ||||
| Note | £ | £ | £ | £ | |
| FIXED ASSETS | |||||
| Tangible Fixed assets | 000 | 000 | |||
| CURRENT ASSETS | |||||
| Debtors | 6 | 0000 | 000 | ||
| Cash at Bank and in Hand | 17,502 | 9,299 | |||
| --------------------------------- | --------------------------------- | ||||
| 17,502 | 9,299 | ||||
| CREDITORS: Amounts falling | |||||
| due after one year | 7 | (13,292) | (6,049) | ||
| --------------------------------- | --------------------------------- | ||||
| NET CURRENT ASSETS | 4,210 | 3,250 | |||
| ---------------------------- | ---------------------------- | ||||
| NET ASSETS/(LIABILITIES) | 4,210 | 3,250 | |||
| ============================ | ============================ | ||||
| CAPITAL AND RESERVE | |||||
| Shareholders | |||||
| Profit and loss | 4,210 | 3,250 | |||
| ---------------------------- | ---------------------------- | ||||
| TOTAL FUNDS | 4,210 ============================ |
3,250 ============================ |
For the year ended 30 APRIL 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
The director have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
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 with the Financial Reporting Standard for Smaller Entities (effective January 2015).
These financial statements were approved by the directors on 21[st] April 2023 and signed on its behalf by:
Abdi Barre H Yusuf, Director
The notes on pages 07 to 10 form part of these financial statements.
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B YOUNG STAR LTD NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 30 APRIL 2023
1. ACCOUNTING POLICIES:
Basis of accounting
The financial statements have been prepared in accordance with Accounting and the Financial Reporting Standard for Smaller
Entities published on 16 APRIL 2014, the Financial Reporting Standard for Smaller
Entities
(effective January 2015)
Income
All income will be received and the amount of income receivable can be measured reliably.
E xpenditure
Expenditure is recognised once there is a legal or constructive obligation to make payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably. All expenditure is accounted for on an accruals basis
Depreciation and Diminution of Assets
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives on the following bases: Office equipment (except for IT equipment) 33.33 % per annum on cost .
.
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B YOUNG STAR LTD NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 30 APRIL 2023
1. ACCOUNTING POLICIES (continued)
Debtors
Trade and other debtors are recognised at the settlement amount due after any trade discounts offered. Prepayments are valued at the amount prepaid after taking account of any trade discounts due
2 . TURNOVER:
| Total 2023 | Total 2022 | |||
|---|---|---|---|---|
| £ | £ | £ | £ | |
| Contracted Services | 135,866 | 000 | 135,866 | 135,866 |
| Other Income | 0000 |
000 | 0000 | 0000 |
| -------------------------------- | -------------------------------- | -------------------------------- | -------------------------------- | |
| 135,866 | 000 | 135,866 | 135,866 | |
| ================================= | ================================= | ================================= | ================================= |
3. INTEREST:
| INTEREST: | |||
|---|---|---|---|
| Total 2023 | Total 2022 | ||
| £ | £ | £ | |
| Bank Interest Received | 00 | 000 | 00 |
| -------------------------------- | -------------------------------- | -------------------------------- | |
| 000 | 000 | 000 | |
| ================================= | ================================= | ================================= | |
XPENSES: |
|||
| Total 2023 | Total 2022 | ||
| £ | £ | ||
| Expenses | 95,449 | 135,785 | |
| -------------------------------- | -------------------------------- | ||
| 95,449 ================================= |
135,785 ================================= |
4 . EXPENSES:
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B YOUNG STAR LTD NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 30 APRIL 2023
4a . Detailed Expenses:
| 2023 | 2022 | |
|---|---|---|
| £ | £ | |
| Salaries | 28,439 | 21,000 |
| PAYE Ni’eer | 000 | 000 |
| Self Employed | 40,000 | 48,106 |
| Activities | 5,127 | 42,820 |
| Bank Charges | 13 | 10,000 |
| Advertising and Marketing | 2,590 | 000 |
| Vehicle Expenses | 1,310 | 1,520 |
| Staff Travel | 2,204 | 000 |
| Rent and Rates | 11,799 | 3,312 |
| Utilities | 000 | 2,100 |
| Cleaning | 000 | 000 |
| Accountancy | 1,700 | 300 |
| Building Repairs and Maintenance | 000 | 000 |
| Printing, Publicity & Stationery | 1,567 | 6,494 |
| Postage | 000 | 000 |
| Telephone and Fax | 000 | 000 |
| Equipment Maintenance & Repair | 000 | 000 |
| Computer Expenses | 000 | 000 |
| Premises Costs and Room Hire | 000 | 000 |
| Insurance | 000 | 131 |
| Subscriptions & Accreditation | 000 | 000 |
| Sundry | 700 | 000 |
| -------------------------------- | -------------------------------- | |
| 95,449 | 135,785 | |
| ================================= | ================================= |
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B YOUNG STAR LTD NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 30 APRIL 2023
5. STAFF COSTS AND DIRECTORS RENUMERATION:
Staff costs during the year was
| 2023 | 2022 | |||
|---|---|---|---|---|
| £ | £ | |||
| Wages and Salaries | 000 | 000 | ||
| Social Security Costs | 000 | 000 | ||
| -------------------------------- | -------------------------------- | |||
| 000 | 000 | |||
| ================================= | ================================= |
No members of staff were in receipt of emoluments of more than £60,000 during the year. The average number of full time employees was 1 (2022-0)
No director received any remuneration in respect of their services as a director during either the current or comparative year.
6 . DEBTORS:
| 2023 | 2022 | |
|---|---|---|
| £ | £ | |
| Trade Debtors | 000 | 000 |
| Prepayments | 000 | 000 |
| --------------------------------- | --------------------------------- | |
| 000 | 000 | |
| ================================= | ================================= |
7. CREDITORS: Amounts falling due within one year
| 2023 | 2022 | |
|---|---|---|
| £ | £ | |
| HMRC VAT | 000 | 000 |
| PAYE & NI | 000 | 000 |
| Director Loan | 5,000 | 5,000 |
| Other Creditors | 8,292 | 1,049 |
| --------------------------------- | --------------------------------- | |
| 13,292 | 6,049 | |
| ================================= | ================================= |
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