Caseware UK (AP4) 2022.0.179 2022.0.179 2023-12-312023-12-312023-01-01falseNo description of principal activity169falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 12784781 2023-01-01 2023-12-31 12784781 2023-12-31 12784781 2022-01-01 2022-12-31 12784781 2022-12-31 12784781 c:Director1 2023-01-01 2023-12-31 12784781 c:Director2 2023-01-01 2023-12-31 12784781 c:RegisteredOffice 2023-01-01 2023-12-31 12784781 d:MotorVehicles 2023-01-01 2023-12-31 12784781 d:MotorVehicles 2023-12-31 12784781 d:MotorVehicles 2022-12-31 12784781 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 12784781 d:OfficeEquipment 2023-01-01 2023-12-31 12784781 d:OfficeEquipment 2023-12-31 12784781 d:OfficeEquipment 2022-12-31 12784781 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 12784781 d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 12784781 d:Goodwill 2023-01-01 2023-12-31 12784781 d:Goodwill 2023-12-31 12784781 d:Goodwill 2022-12-31 12784781 d:CurrentFinancialInstruments 2023-12-31 12784781 d:CurrentFinancialInstruments 2022-12-31 12784781 d:Non-currentFinancialInstruments 2023-12-31 12784781 d:Non-currentFinancialInstruments 2022-12-31 12784781 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 12784781 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 12784781 d:Non-currentFinancialInstruments d:AfterOneYear 2023-12-31 12784781 d:Non-currentFinancialInstruments d:AfterOneYear 2022-12-31 12784781 d:ShareCapital 2023-12-31 12784781 d:ShareCapital 2022-12-31 12784781 d:RetainedEarningsAccumulatedLosses 2023-12-31 12784781 d:RetainedEarningsAccumulatedLosses 2022-12-31 12784781 c:FRS102 2023-01-01 2023-12-31 12784781 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 12784781 c:FullAccounts 2023-01-01 2023-12-31 12784781 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 12784781 d:Goodwill d:OwnedIntangibleAssets 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure
Company registration number: 12784781







UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 DECEMBER 2023


YRH FINANCE TEAM LIMITED






































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YRH FINANCE TEAM LIMITED
 


 
COMPANY INFORMATION


Directors
J A Raines 
J Ryan 




Registered number
12784781



Registered office
Kiln Cottage
Moor Park Way

Farnham

Surrey

GU9 8EL




Trading Address
1st Floor, The IQ Hub
Farnborough Business Park

Fowler Avenue

Farnborough

Hants

GU14 7JP






Accountants
Menzies LLP
Chartered Accountants

1st Floor

Midas House

62 Goldsworth Road

Woking

Surrey

GU21 6LQ





 


YRH FINANCE TEAM LIMITED
 



CONTENTS



Page
Statement of financial position
1 - 2
Notes to the financial statements
3 - 7


 


YRH FINANCE TEAM LIMITED
REGISTERED NUMBER:12784781



STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Intangible assets
 4 
21,461
24,527

Tangible assets
 5 
79,857
93,138

  
101,318
117,665

Current assets
  

Debtors: amounts falling due within one year
 6 
134,736
168,337

Cash at bank and in hand
  
562,431
507,872

  
697,167
676,209

Creditors: amounts falling due within one year
 7 
(533,392)
(542,583)

Net current assets
  
 
 
163,775
 
 
133,626

Total assets less current liabilities
  
265,093
251,291

Creditors: amounts falling due after more than one year
 8 
(42,484)
(51,340)

  

Net assets
  
222,609
199,951


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
222,509
199,851

  
222,609
199,951


Page 1

 


YRH FINANCE TEAM LIMITED
REGISTERED NUMBER:12784781


    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 DECEMBER 2023

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 



................................................
J A Raines
Director

Date: 20 February 2024

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 


YRH FINANCE TEAM LIMITED
 


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

1.


General information

YRH Finance Team Limited is a private company limited by shares incorporated in the United Kingdom under Companies Act 2006 and is registered in England and Wales. The address of the registered office and principal place of business is disclosed on the company information page.
The company's functional and presentational currency is GBP.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Page 3

 


YRH FINANCE TEAM LIMITED
 


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

2.Accounting policies (continued)

 
2.4

Intangible assets

Goodwill

Goodwill represents the difference between amounts paid on the cost of a business combination and the acquirer’s interest in the fair value of its identifiable assets and liabilities of the acquiree at the date of acquisition. Subsequent to initial recognition, goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight-line basis to the Statement of income and retained earnings over its useful economic life.

Other intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 Amortisation is provided on the following bases:

Goodwill
-
10%
straight line

 
2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives.

Depreciation is provided on the following basis:

Motor vehicles
-
20%
reducing balance
Office equipment
-
33%
straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.6

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

 
2.7

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

Page 4

 


YRH FINANCE TEAM LIMITED
 


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

3.


Employees

The average monthly number of employees, including directors, during the year was 16 (2022 - 9).


4.


Intangible assets




Goodwill

£



Cost


At 1 January 2023
30,659



At 31 December 2023

30,659



Amortisation


At 1 January 2023
6,132


Charge for the year on owned assets
3,066



At 31 December 2023

9,198



Net book value



At 31 December 2023
21,461



At 31 December 2022
24,527



Page 5

 


YRH FINANCE TEAM LIMITED
 


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

5.


Tangible fixed assets





Motor vehicles
Office equipment
Total

£
£
£



Cost or valuation


At 1 January 2023
77,656
26,063
103,719


Additions
-
11,179
11,179



At 31 December 2023

77,656
37,242
114,898



Depreciation


At 1 January 2023
5,177
5,404
10,581


Charge for the year on owned assets
14,496
9,964
24,460



At 31 December 2023

19,673
15,368
35,041



Net book value



At 31 December 2023
57,983
21,874
79,857



At 31 December 2022
72,479
20,659
93,138


6.


Debtors

2023
2022
£
£


Trade debtors
121,138
138,579

Other debtors
2,050
2,430

Prepayments and accrued income
11,548
27,328

134,736
168,337


Page 6

 


YRH FINANCE TEAM LIMITED
 


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

7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank overdrafts
8,649
8,359

Trade creditors
195,457
204,203

Corporation tax
43,570
50,874

Other taxation and social security
204,540
172,720

Obligations under finance lease and hire purchase contracts
10,788
8,091

Other creditors
1,804
652

Accruals and deferred income
68,584
97,684

533,392
542,583



8.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Net obligations under finance leases and hire purchase contracts
42,484
51,340

42,484
51,340



9.


Related party transactions

During the year the following transactions with a director took place:


Brought Forward
Advance/ Credit
Repaid
Carried Forward
£
£
£
£

Directors loan
-
45,081
(45,081)
-
-
45,081
(45,081)
-

Interest of £622 (2022: £nil) was charged on this loan during the year, which is at a market rate of 2%.

 
Page 7