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COMPANY REGISTRATION NUMBER: 12627145
Emily Yell Advisory Limited
Filleted Unaudited Financial Statements
For the year ended
31 May 2024
Emily Yell Advisory Limited
Financial Statements
Year ended 31 May 2024
Contents
Page
Statement of financial position
1
Notes to the financial statements
3
Emily Yell Advisory Limited
Statement of Financial Position
31 May 2024
2024
2023
Note
£
£
Fixed assets
Tangible assets
5
28,206
38,045
Current assets
Debtors
6
74,160
63,467
Cash at bank and in hand
93,580
73,890
---------
---------
167,740
137,357
Creditors: amounts falling due within one year
7
35,933
31,153
---------
---------
Net current assets
131,807
106,204
---------
---------
Total assets less current liabilities
160,013
144,249
Provisions
7,051
9,511
---------
---------
Net assets
152,962
134,738
---------
---------
Capital and reserves
Called up share capital
100
100
Profit and loss account
152,862
134,638
---------
---------
Shareholders funds
152,962
134,738
---------
---------
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 2024 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 2024
These financial statements were approved by the board of directors and authorised for issue on 4 November 2024 , 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 2024
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 (2023: 1 ).
5. Tangible assets
Fixtures and fittings
Motor vehicles
Equipment
Total
£
£
£
£
Cost
At 1 June 2023
5,630
36,193
3,840
45,663
Additions
700
700
-------
--------
-------
--------
At 31 May 2024
6,330
36,193
3,840
46,363
-------
--------
-------
--------
Depreciation
At 1 June 2023
1,901
3,016
2,701
7,618
Charge for the year
1,106
8,294
1,139
10,539
-------
--------
-------
--------
At 31 May 2024
3,007
11,310
3,840
18,157
-------
--------
-------
--------
Carrying amount
At 31 May 2024
3,323
24,883
28,206
-------
--------
-------
--------
At 31 May 2023
3,729
33,177
1,139
38,045
-------
--------
-------
--------
6. Debtors
2024
2023
£
£
Trade debtors
64,490
40,490
Other debtors
9,670
22,977
--------
--------
74,160
63,467
--------
--------
7. Creditors: amounts falling due within one year
2024
2023
£
£
Social security and other taxes
31,962
27,522
Other creditors
3,971
3,631
--------
--------
35,933
31,153
--------
--------
8. Deferred tax
The deferred tax included in the statement of financial position is as follows:
2024
2023
£
£
Included in provisions
7,051
9,511
-------
-------
The deferred tax account consists of the tax effect of timing differences in respect of:
2024
2023
£
£
Accelerated capital allowances
7,051
9,511
-------
-------