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REGISTERED NUMBER: 10067219 (England and Wales)















Financial Statements for the Year Ended 29 March 2024

for

Yakel Consultants Limited

Yakel Consultants Limited (Registered number: 10067219)






Contents of the Financial Statements
for the Year Ended 29 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Yakel Consultants Limited

Company Information
for the Year Ended 29 March 2024







DIRECTOR: S Farage





REGISTERED OFFICE: 182a-184a Smithdown Road
Liverpool
United Kingdom
Merseyside
L15 3JR





REGISTERED NUMBER: 10067219 (England and Wales)





ACCOUNTANTS: Cobham Murphy
116 Duke Street
Liverpool
Merseyside
L1 5JW

Yakel Consultants Limited (Registered number: 10067219)

Balance Sheet
29 March 2024

29.3.24 29.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 6,376 6,264
Investments 5 81,333 81,333
87,709 87,597

CURRENT ASSETS
Debtors 6 1,306,220 777,900
Cash at bank 7,337 266,292
1,313,557 1,044,192
CREDITORS
Amounts falling due within one year 7 1,032,528 759,223
NET CURRENT ASSETS 281,029 284,969
TOTAL ASSETS LESS CURRENT
LIABILITIES

368,738

372,566

CREDITORS
Amounts falling due after more than one
year

8

12,542

21,667
NET ASSETS 356,196 350,899

CAPITAL AND RESERVES
Called up share capital 201 100
Retained earnings 355,995 350,799
356,196 350,899

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Yakel Consultants Limited (Registered number: 10067219)

Balance Sheet - continued
29 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 24 March 2025 and were signed by:





S Farage - Director


Yakel Consultants Limited (Registered number: 10067219)

Notes to the Financial Statements
for the Year Ended 29 March 2024

1. STATUTORY INFORMATION

Yakel Consultants 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Significant judgements and estimates
There are no judgements (apart from those involving estimates) that have had a significant effect on amounts recognised in the financial statements.

Turnover
Turnover is measured at the fair value of management and consultancy fees received or receivable , excluding discounts, rebates, value added tax and other sales taxes. Revenue is recognised when it is probable that future economic benefits will flow to the entity.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance and 15% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Financial instruments
Other loans are initially measured at the present value of future payments, discounted at a market rate of interest, and subsequently at amortised cost using the effective interest method.

Directors loans and intercompany loans (being repayable on demand), trade debtors and trade creditors are measured at the undiscounted amount of the cash or other consideration expected to be paid or received.

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.


Yakel Consultants Limited (Registered number: 10067219)

Notes to the Financial Statements - continued
for the Year Ended 29 March 2024

2. ACCOUNTING POLICIES - continued
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 3 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 30 March 2023 11,836
Additions 1,672
At 29 March 2024 13,508
DEPRECIATION
At 30 March 2023 5,572
Charge for year 1,560
At 29 March 2024 7,132
NET BOOK VALUE
At 29 March 2024 6,376
At 29 March 2023 6,264

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 30 March 2023
and 29 March 2024 81,333
NET BOOK VALUE
At 29 March 2024 81,333
At 29 March 2023 81,333

Yakel Consultants Limited (Registered number: 10067219)

Notes to the Financial Statements - continued
for the Year Ended 29 March 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.3.24 29.3.23
£    £   
Trade debtors 34,226 1,378
Amounts owed by associates 930,636 616,064
Other debtors 341,358 160,458
1,306,220 777,900

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.3.24 29.3.23
£    £   
Bank loans and overdrafts 10,000 9,999
Trade creditors 37,072 10,035
Amounts owed to associates 823,487 458,535
Taxation and social security 25,436 40,289
Other creditors 136,533 240,365
1,032,528 759,223

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
29.3.24 29.3.23
£    £   
Bank loans 12,542 21,667

9. RELATED PARTY DISCLOSURES

Included in debtors is £930,636 (2023: £616,064) and included in creditors is £823,487 (2023: £458,535) due from/to companies which share a director with Yakel Consultants Limited or have a director who is a family member of S Farage. The loans are interest free and repayable on demand.