East Yorkshire Finance Limited - Accounts to registrar (filleted) - small 18.1

REGISTERED NUMBER: 07987297 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2017

FOR

EAST YORKSHIRE FINANCE LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mrs A L Walters

A L Walters

REGISTERED OFFICE:

526 Holderness Road

Hull

HU9 3DT

REGISTERED NUMBER:

07987297 (England and Wales)

ACCOUNTANTS:

Sowerby

Chartered Accountants

66 Newbegin

Hornsea

East Yorkshire

HU18 1AD

CURRENT ASSETS

Debtors

4

244,893

201,657

Cash at bank

6,967

39,054

251,860

240,711

CREDITORS

Amounts falling due within one year

5

177,139

165,293

NET CURRENT ASSETS

74,721

75,418

TOTAL ASSETS LESS CURRENT LIABILITIES

74,721

75,418

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

74,621

75,318

SHAREHOLDERS' FUNDS

74,721

75,418

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2017 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 of Part 15 of the Companies Act 2006 relating to small companies.

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 on 14 June 2018 and were signed on its behalf by:

Mrs A L Walters - Director

1.	STATUTORY INFORMATION

East Yorkshire Finance Limited is a private company limited by shares and incorporated and domiciled in England. It has its

registered office and principal place of business at 526 Holderness Road, Hull HU9 3DT.

The principal activity of the company is that of premium finance.

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

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Having regard to liquidity risk, current market conditions and other factors affecting the company, the use of the going

concern basis of accounting is appropriate as, in the opinion of the directors, there are no material uncertainties related to

events or conditions that may cast significant doubt about the ability of the company to continue as a going concern.

This is the first year in which the financial statements have been prepared under FRS102.

Turnover

Turnover is the amount derived from ordinary activities, measured at the fair value of the consideration received or

receivable. Turnover excludes value added tax and trade discounts.

Turnover from the sale of goods is recognised at the point of sale.

Turnover from services is recognised on completion of service, or when those services span the year end date, by

reference to the stage of completion at the balance sheet date.

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.

Taxation

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2016 - 2 ).

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade debtors

244,893

201,657

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade creditors

164,390

148,277

Taxation and social security

9,419

14,286

Other creditors

3,330

2,730

177,139

165,293

6.	ULTIMATE CONTROLLING PARTY

The controlling party is Mrs A L Walters.