1 false false false false false false false false false true false false false false false false No description of principal activity 2022-06-01 Sage Accounts Production Advanced 2021 - FRS102_2021 xbrli:pure xbrli:shares iso4217:GBP 12627145 2022-06-01 2023-05-31 12627145 2023-05-31 12627145 2022-05-31 12627145 2021-06-01 2022-05-31 12627145 2022-05-31 12627145 core:FurnitureFittings 2022-06-01 2023-05-31 12627145 core:MotorVehicles 2022-06-01 2023-05-31 12627145 bus:Director1 2022-06-01 2023-05-31 12627145 core:FurnitureFittings 2022-05-31 12627145 core:FurnitureFittings 2023-05-31 12627145 core:MotorVehicles 2023-05-31 12627145 core:WithinOneYear 2023-05-31 12627145 core:WithinOneYear 2022-05-31 12627145 core:ShareCapital 2023-05-31 12627145 core:ShareCapital 2022-05-31 12627145 core:RetainedEarningsAccumulatedLosses 2023-05-31 12627145 core:RetainedEarningsAccumulatedLosses 2022-05-31 12627145 core:AcceleratedTaxDepreciationDeferredTax 2023-05-31 12627145 core:AcceleratedTaxDepreciationDeferredTax 2022-05-31 12627145 core:FurnitureFittings 2022-05-31 12627145 bus:SmallEntities 2022-06-01 2023-05-31 12627145 bus:AuditExemptWithAccountantsReport 2022-06-01 2023-05-31 12627145 bus:FullAccounts 2022-06-01 2023-05-31 12627145 bus:SmallCompaniesRegimeForAccounts 2022-06-01 2023-05-31 12627145 bus:PrivateLimitedCompanyLtd 2022-06-01 2023-05-31 12627145 core:OfficeEquipment 2022-06-01 2023-05-31 12627145 core:OfficeEquipment 2022-05-31 12627145 core:OfficeEquipment 2023-05-31
COMPANY REGISTRATION NUMBER: 12627145
Emily Yell Advisory Limited
Filleted Unaudited Financial Statements
For the year ended
31 May 2023
Emily Yell Advisory Limited
Financial Statements
Year ended 31 May 2023
Contents
Page
Statement of financial position
1
Notes to the financial statements
3
Emily Yell Advisory Limited
Statement of Financial Position
31 May 2023
2023
2022
Note
£
£
Fixed assets
Tangible assets
5
38,045
4,139
Current assets
Debtors
6
63,467
482
Cash at bank and in hand
73,890
63,305
---------
--------
137,357
63,787
Creditors: amounts falling due within one year
7
31,153
3,403
---------
--------
Net current assets
106,204
60,384
---------
--------
Total assets less current liabilities
144,249
64,523
Provisions
9,511
787
---------
--------
Net assets
134,738
63,736
---------
--------
Capital and reserves
Called up share capital
100
100
Profit and loss account
134,638
63,636
---------
--------
Shareholders funds
134,738
63,736
---------
--------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 May 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Emily Yell Advisory Limited
Statement of Financial Position (continued)
31 May 2023
These financial statements were approved by the board of directors and authorised for issue on 24 November 2023 , and are signed on behalf of the board by:
E C Yell
Director
Company registration number: 12627145
Emily Yell Advisory Limited
Notes to the Financial Statements
Year ended 31 May 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 7 Acacia Grove, Berkhamsted, HP4 3AJ.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered, stated net of discounts and of Value Added Tax.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fixtures and fittings
-
25% reducing balance
Motor vehicles
-
25% reducing balance
Equipment
-
33% straight line
4. Employee numbers
The average number of persons employed by the company during the year amounted to 1 (2022: 1 ).
5. Tangible assets
Fixtures and fittings
Motor vehicles
Equipment
Total
£
£
£
£
Cost
At 1 June 2022
3,549
3,840
7,389
Additions
2,081
36,193
38,274
-------
--------
-------
--------
At 31 May 2023
5,630
36,193
3,840
45,663
-------
--------
-------
--------
Depreciation
At 1 June 2022
1,119
2,131
3,250
Charge for the year
782
3,016
570
4,368
-------
--------
-------
--------
At 31 May 2023
1,901
3,016
2,701
7,618
-------
--------
-------
--------
Carrying amount
At 31 May 2023
3,729
33,177
1,139
38,045
-------
--------
-------
--------
At 31 May 2022
2,430
1,709
4,139
-------
--------
-------
--------
6. Debtors
2023
2022
£
£
Trade debtors
40,490
Other debtors
22,977
482
--------
----
63,467
482
--------
----
7. Creditors: amounts falling due within one year
2023
2022
£
£
Social security and other taxes
27,522
Other creditors
3,631
3,403
--------
-------
31,153
3,403
--------
-------
8. Deferred tax
The deferred tax included in the statement of financial position is as follows:
2023
2022
£
£
Included in provisions
9,511
787
-------
----
The deferred tax account consists of the tax effect of timing differences in respect of:
2023
2022
£
£
Accelerated capital allowances
9,511
787
-------
----