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REGISTERED NUMBER: 03298877 (England and Wales)















Financial Statements for the Year Ended 31 December 2023

for

Yorkshire Financial Management Limited

Yorkshire Financial Management Limited (Registered number: 03298877)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Yorkshire Financial Management Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: C Salkeld
D Salkeld





SECRETARY: C Salkeld





REGISTERED OFFICE: Millstones
Linton Hills Road
Linton
Wetherby
North Yorkshire
LS22 4HQ





REGISTERED NUMBER: 03298877 (England and Wales)





ACCOUNTANTS: Richard Smedley Limited
Chartered Accountants & Registered Auditors
Richmond House
Lawnswood Business Park
Redvers Close
Leeds
West Yorkshire
LS16 6QY

Yorkshire Financial Management Limited (Registered number: 03298877)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 10,711 2,392

CURRENT ASSETS
Debtors 5 107,498 73,341
Cash at bank 149,746 294,914
257,244 368,255
CREDITORS
Amounts falling due within one year 6 146,153 81,615
NET CURRENT ASSETS 111,091 286,640
TOTAL ASSETS LESS CURRENT
LIABILITIES

121,802

289,032

PROVISIONS FOR LIABILITIES 2,035 454
NET ASSETS 119,767 288,578

CAPITAL AND RESERVES
Called up share capital 30,000 30,000
Retained earnings 89,767 258,578
SHAREHOLDERS' FUNDS 119,767 288,578

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 Financial Management Limited (Registered number: 03298877)

Balance Sheet - continued
31 December 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 30 August 2024 and were signed on its behalf by:





C Salkeld - Director


Yorkshire Financial Management Limited (Registered number: 03298877)

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

1. STATUTORY INFORMATION

Yorkshire Financial Management Limited 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.

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 amounts net of VAT chargeable to clients for professional services provided during the year excluding recoverable expenses on client assignments which are treated as disbursements.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Office equipment, fixtures and computers - Straight line over 3 years

Financial instruments
Basic financial instruments are recognised at amortised 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 defined contribution pension schemes. Contributions payable to the company's pension schemes are charged to profit and loss in the period in which they are defrayed.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2022 - 5 ) .

Yorkshire Financial Management Limited (Registered number: 03298877)

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

4. TANGIBLE FIXED ASSETS
Office
equipment,
fixtures
and
computers
£   
COST
At 1 January 2023 25,988
Additions 15,213
At 31 December 2023 41,201
DEPRECIATION
At 1 January 2023 23,596
Charge for year 6,894
At 31 December 2023 30,490
NET BOOK VALUE
At 31 December 2023 10,711
At 31 December 2022 2,392

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 107,409 72,361
Other debtors 89 980
107,498 73,341

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade creditors 1,395 1,280
Taxation and social security 123,471 71,674
Other creditors 21,287 8,661
146,153 81,615