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REGISTERED NUMBER: 06849916 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2023

for

Yatebank Services Ltd

Yatebank Services Ltd (Registered number: 06849916)

Contents of the Financial Statements
for the Year Ended 31 March 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Yatebank Services Ltd

Company Information
for the Year Ended 31 March 2023







DIRECTORS: Mr D Odedra
Mrs S Odedra





REGISTERED OFFICE: Lewis House
Great Chesterford Court
Great Chesterford
Essex
CB10 1PF





BUSINESS ADDRESS: 35 Church Street
Ickleton
Cambridgeshire
CB10 1SL





REGISTERED NUMBER: 06849916 (England and Wales)

Yatebank Services Ltd (Registered number: 06849916)

Balance Sheet
31 March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 4,019 4,858

CURRENT ASSETS
Stocks 21,624 22,659
Debtors 6 1,282 2,873
Cash at bank and in hand 37,916 47,751
60,822 73,283
CREDITORS
Amounts falling due within one year 7 40,890 44,578
NET CURRENT ASSETS 19,932 28,705
TOTAL ASSETS LESS CURRENT
LIABILITIES

23,951

33,563

CREDITORS
Amounts falling due after more than one
year

8

(23,367

)

(33,363

)

PROVISIONS FOR LIABILITIES (553 ) (699 )
NET ASSETS/(LIABILITIES) 31 (499 )

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 29 (501 )
SHAREHOLDERS' FUNDS 31 (499 )

Yatebank Services Ltd (Registered number: 06849916)

Balance Sheet - continued
31 March 2023


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.

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 November 2023 and were signed on its behalf by:




Mr D Odedra - Director



Mrs S Odedra - Director


Yatebank Services Ltd (Registered number: 06849916)

Notes to the Financial Statements
for the Year Ended 31 March 2023


1. STATUTORY INFORMATION

Yatebank Services Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance

Government grants
Government grants in relation to tangible fixed asset are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instruments.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes, in effect, a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently measured at amortised cost.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.


Yatebank Services Ltd (Registered number: 06849916)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023


3. ACCOUNTING POLICIES - continued
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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 4 ) .

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2022 37,696
Additions 500
At 31 March 2023 38,196
DEPRECIATION
At 1 April 2022 32,838
Charge for year 1,339
At 31 March 2023 34,177
NET BOOK VALUE
At 31 March 2023 4,019
At 31 March 2022 4,858

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 1,282 2,873

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 9,966 9,971
Trade creditors 12,050 7,702
Taxation and social security 1,151 611
Other creditors 17,723 26,294
40,890 44,578

Yatebank Services Ltd (Registered number: 06849916)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR - continued

Included within other creditors disclosed above is a balance of £1,772 (2022 - £5,437) in relation to accrued expenses and a balance of £15,951 (2022 - £20,857) in relation to the Directors' loan accounts.

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 23,367 33,363