IRIS Accounts Production v24.2.0.383 04749438 Board of Directors 1.4.23 31.3.24 31.3.24 false true false false true false Ordinary shares 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh047494382023-03-31047494382024-03-31047494382023-04-012024-03-31047494382022-03-31047494382022-04-012023-03-31047494382023-03-3104749438ns14:PoundSterling2023-04-012024-03-3104749438ns10:Director12023-04-012024-03-3104749438ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3104749438ns10:SmallEntities2023-04-012024-03-3104749438ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-3104749438ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3104749438ns10:FullAccounts2023-04-012024-03-3104749438ns10:OrdinaryShareClass12023-04-012024-03-3104749438ns10:Director22023-04-012024-03-3104749438ns10:CompanySecretary12023-04-012024-03-3104749438ns10:RegisteredOffice2023-04-012024-03-3104749438ns5:CurrentFinancialInstruments2024-03-3104749438ns5:CurrentFinancialInstruments2023-03-3104749438ns5:ShareCapital2024-03-3104749438ns5:ShareCapital2023-03-3104749438ns5:RetainedEarningsAccumulatedLosses2024-03-3104749438ns5:RetainedEarningsAccumulatedLosses2023-03-3104749438ns5:PlantMachinery2023-03-3104749438ns5:PlantMachinery2023-04-012024-03-3104749438ns5:PlantMachinery2024-03-3104749438ns5:PlantMachinery2023-03-3104749438ns5:WithinOneYearns5:CurrentFinancialInstruments2024-03-3104749438ns5:WithinOneYearns5:CurrentFinancialInstruments2023-03-3104749438ns10:OrdinaryShareClass12024-03-31047494381ns10:Director12023-03-31047494381ns10:Director12022-03-31047494381ns10:Director12023-04-012024-03-31047494381ns10:Director12022-04-012023-03-31047494381ns10:Director12024-03-31047494381ns10:Director12023-03-31
REGISTERED NUMBER: 04749438















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Yellowtail Financial Planning Limited

Yellowtail Financial Planning Limited (Registered number: 04749438)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3 to 5


Yellowtail Financial Planning Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: Mr D G Hall
Mrs S Steele





SECRETARY: Ms A Otomo





REGISTERED OFFICE: Ground Floor
11-15 Dix's Field
Exeter
Devon
EX1 1QA





REGISTERED NUMBER: 04749438





ACCOUNTANTS: Havard & Associates
Suite 1
Concept House
23 Billet Lane
Hornchurch
Essex
RM11 1XP

Yellowtail Financial Planning Limited (Registered number: 04749438)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 33,703 40,788

CURRENT ASSETS
Debtors 5 298,525 331,075
Cash at bank and in hand 105,908 163,184
404,433 494,259
CREDITORS
Amounts falling due within one year 6 100,974 147,299
NET CURRENT ASSETS 303,459 346,960
TOTAL ASSETS LESS CURRENT
LIABILITIES

337,162

387,748

PROVISIONS FOR LIABILITIES 6,406 10,197
NET ASSETS 330,756 377,551

CAPITAL AND RESERVES
Called up share capital 7 10,002 10,002
Retained earnings 320,754 367,549
SHAREHOLDERS' FUNDS 330,756 377,551

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.

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 4 November 2024 and were signed on its behalf by:



Mr D G Hall - Director


Yellowtail Financial Planning Limited (Registered number: 04749438)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Yellowtail Financial Planning Limited is a private company, limited by shares , registered in Not specified/Other. 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 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 rates in order to write off each asset over its estimated useful life:

Plant and machinery - 20% reducing value.
Fixtures & fittings - 20% reducing value.
Computer equipment - 33.33% straight line.

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.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 7 ) .

Yellowtail Financial Planning Limited (Registered number: 04749438)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 136,036
Additions 2,463
Disposals (33,441 )
At 31 March 2024 105,058
DEPRECIATION
At 1 April 2023 95,248
Charge for year 9,305
Eliminated on disposal (33,198 )
At 31 March 2024 71,355
NET BOOK VALUE
At 31 March 2024 33,703
At 31 March 2023 40,788

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 93,746 172,274
Other debtors 204,779 158,801
298,525 331,075

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 30,301 29,995
Taxation and social security 44,409 64,928
Other creditors 26,264 52,376
100,974 147,299

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
10,002 Ordinary shares £1 10,002 10,002

Yellowtail Financial Planning Limited (Registered number: 04749438)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2024 and 31 March 2023:

31.3.24 31.3.23
£    £   
Mr D G Hall
Balance outstanding at start of year 120,210 45,108
Amounts advanced 161,985 120,210
Amounts repaid (120,210 ) (45,108 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 161,985 120,210

Interest on the above loan has been charged at 2.5% P.A, where applicable, using a methodology approved by the U.K. tax authority.