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REGISTERED NUMBER: 06400787 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

FOR

YORKSHIRE INDEPENDENT FINANCIAL ADVISERS
LIMITED

YORKSHIRE INDEPENDENT FINANCIAL ADVISERS
LIMITED (REGISTERED NUMBER: 06400787)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023




Page

Balance Sheet 1

Notes to the Financial Statements 3


YORKSHIRE INDEPENDENT FINANCIAL ADVISERS
LIMITED (REGISTERED NUMBER: 06400787)

BALANCE SHEET
31 MARCH 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,804 2,386

CURRENT ASSETS
Debtors 5 15,278 9,947
Cash at bank 199,402 201,110
214,680 211,057
CREDITORS
Amounts falling due within one year 6 52,244 57,923
NET CURRENT ASSETS 162,436 153,134
TOTAL ASSETS LESS CURRENT
LIABILITIES

166,240

155,520

PROVISIONS FOR LIABILITIES 951 597
NET ASSETS 165,289 154,923

CAPITAL AND RESERVES
Called up share capital 14,400 14,400
Share premium 12,000 12,000
Capital redemption reserve 1,600 1,600
Retained earnings 137,289 126,923
SHAREHOLDERS' FUNDS 165,289 154,923

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

YORKSHIRE INDEPENDENT FINANCIAL ADVISERS
LIMITED (REGISTERED NUMBER: 06400787)

BALANCE SHEET - continued
31 MARCH 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 October 2023 and were signed on its behalf by:





Mr P A Kay - Director


YORKSHIRE INDEPENDENT FINANCIAL ADVISERS
LIMITED (REGISTERED NUMBER: 06400787)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1. STATUTORY INFORMATION

Yorkshire Independent Financial Advisers Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 06400787

Registered office: Sentinel House
Peasholme Green
York
North Yorkshire
YO1 7PP

The presentation currency of the financial statements is the Pound Sterling (£).


The presentation currency of the financial statements is the Pound Sterling, which is the functional currency of the company, rounded to the nearest £1.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents commissions and fees receivable excluding value added tax.

Tangible fixed assets
All fixed assets are initially recorded at cost.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

YORKSHIRE INDEPENDENT FINANCIAL ADVISERS
LIMITED (REGISTERED NUMBER: 06400787)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Debtors
Short term debtors are measured at transaction price, less any impairment.

Creditors
Short term creditors are measured at the transaction price.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2022 - 6 ) .

4. TANGIBLE FIXED ASSETS
Computer
Equipment equipment Totals
£    £    £   
COST
At 1 April 2022 2,950 8,768 11,718
Additions - 3,482 3,482
At 31 March 2023 2,950 12,250 15,200
DEPRECIATION
At 1 April 2022 2,088 7,244 9,332
Charge for year 142 1,922 2,064
At 31 March 2023 2,230 9,166 11,396
NET BOOK VALUE
At 31 March 2023 720 3,084 3,804
At 31 March 2022 862 1,524 2,386

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 15,043 1,737
Other debtors - 4,725
Prepayments and accrued income 235 3,485
15,278 9,947

YORKSHIRE INDEPENDENT FINANCIAL ADVISERS
LIMITED (REGISTERED NUMBER: 06400787)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade creditors 13,232 14,991
Social security and other taxes 2,234 6,411
Other creditors 29,661 34,002
Accrued expenses 7,117 2,519
52,244 57,923