West Riding Personal Financial Solutions - Accounts to registrar - small 17.1.1

REGISTERED NUMBER: 05142989

FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2017

FOR

WEST RIDING PERSONAL FINANCIAL SOLUTIONS

LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

N F Liversidge

Mrs L M Liversidge

SECRETARY:

Mrs L M Liversidge

REGISTERED OFFICE:

17a Sagar Street

Castleford

West Yorkshire

WF10 1AG

REGISTERED NUMBER:

05142989

ACCOUNTANTS:

WHS Accountants Limited

Chartered Accountants

Elmville House

305 Roundhay Road

Leeds

West Yorkshire

LS8 4HT

BANKERS:

Bank Of Scotland plc

8 Lochside Avenue

Edinburgh

EH12 9DJ

FIXED ASSETS

Tangible assets

4

1,065

1,683

CURRENT ASSETS

Debtors

5

18,187

-

Cash at bank

68,333

65,978

86,520

65,978

CREDITORS

Amounts falling due within one year

6

39,144

45,770

NET CURRENT ASSETS

47,376

20,208

TOTAL ASSETS LESS CURRENT LIABILITIES

48,441

21,891

CAPITAL AND RESERVES

Called up share capital

7

1,000

1,000

Retained earnings

47,441

20,891

SHAREHOLDERS' FUNDS

48,441

21,891

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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 20 July 2017 and were signed on its behalf by:

N F Liversidge - Director

1.	STATUTORY INFORMATION

West Riding Personal Financial Solutions 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 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.

Adoption of frs 102

The financial statements for the year ended 30th June 2017 are the company's first financial statements that

comply with FRS 102. The adoption of FRS 102 has not resulted in any impact on reported profit or loss and

equity from transition to FRS 102

Turnover

Turnover represents commissions and fees receivable.

Commission is recognised on the settlement date of the underlying transaction. Where relevant, provision for the

repayment of indemnity commission in the event that a policy may lapse is made in the financial statements.

Fees are recognised as amounts become chargeable to clients for services provided during the year including

recoverable expenses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful

life -

Fixtures and fittings - 20% on a straight line basis

Computer equipment - 20% on a straight line basis

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 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 defined contribution pension schemes in respect of directors and staff. Contributions

payable to the company's pension schemes are charged to profit or loss in the period in which they are defrayed.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 July 2016

8,947

10,015

18,962

Additions

500

-

500

At 30 June 2017

9,447

10,015

19,462

DEPRECIATION

At 1 July 2016

8,524

8,755

17,279

Charge for year

304

814

1,118

At 30 June 2017

8,828

9,569

18,397

NET BOOK VALUE

At 30 June 2017

619

446

1,065

At 30 June 2016

423

1,260

1,683

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Other debtors

18,187

-

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Corporation tax

21,454

8,602

Other creditors

236

24

Directors' current accounts

12,944

27,890

Accrued expenses

4,510

9,254

39,144

45,770

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2017

2016

value:

£

£

1,000

Ordinary shares

£1

1,000

1,000