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REGISTERED NUMBER: 06400787 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

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 2024




Page

Balance Sheet 1

Notes to the Financial Statements 3


YORKSHIRE INDEPENDENT FINANCIAL ADVISERS
LIMITED (REGISTERED NUMBER: 06400787)

BALANCE SHEET
31 MARCH 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,005 3,804

CURRENT ASSETS
Debtors 5 12,172 15,278
Cash at bank 178,458 199,402
190,630 214,680
CREDITORS
Amounts falling due within one year 6 30,128 52,244
NET CURRENT ASSETS 160,502 162,436
TOTAL ASSETS LESS CURRENT
LIABILITIES

163,507

166,240

PROVISIONS FOR LIABILITIES 571 951
NET ASSETS 162,936 165,289

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 134,936 137,289
SHAREHOLDERS' FUNDS 162,936 165,289

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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 2024


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 June 2024 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 2024

1. STATUTORY INFORMATION

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.

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 (2023 - 6 ) .

YORKSHIRE INDEPENDENT FINANCIAL ADVISERS
LIMITED (REGISTERED NUMBER: 06400787)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

4. TANGIBLE FIXED ASSETS
Computer
Equipment equipment Totals
£    £    £   
COST
At 1 April 2023 2,950 12,250 15,200
Additions - 1,846 1,846
At 31 March 2024 2,950 14,096 17,046
DEPRECIATION
At 1 April 2023 2,230 9,166 11,396
Charge for year 108 2,537 2,645
At 31 March 2024 2,338 11,703 14,041
NET BOOK VALUE
At 31 March 2024 612 2,393 3,005
At 31 March 2023 720 3,084 3,804

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 7,736 15,043
Other debtors 3,770 -
Tax 431 -
Prepayments and accrued income 235 235
12,172 15,278

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 13,232 13,232
Social security and other taxes - 2,234
Other creditors 10,487 29,661
Accrued expenses 6,409 7,117
30,128 52,244