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REGISTERED NUMBER: 06951971 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 3 OCTOBER 2022

FOR

YORKSHIRE PRODUCTS LTD

YORKSHIRE PRODUCTS LTD (REGISTERED NUMBER: 06951971)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 3 October 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


YORKSHIRE PRODUCTS LTD

COMPANY INFORMATION
for the Year Ended 3 October 2022







DIRECTOR: J Greenslade





REGISTERED OFFICE: 103 Arundel Street
Sheffield
S1 2NT





REGISTERED NUMBER: 06951971 (England and Wales)





ACCOUNTANTS: Hodgson & Oldfield
20 Paradise Square
Sheffield
S1 2DE

YORKSHIRE PRODUCTS LTD (REGISTERED NUMBER: 06951971)

BALANCE SHEET
3 October 2022

3.10.22 3.10.21
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 101,348 78,600

CURRENT ASSETS
Stocks 852,336 645,189
Debtors 5 770,958 1,015,385
Cash at bank and in hand 16,931 83,199
1,640,225 1,743,773
CREDITORS
Amounts falling due within one year 6 675,355 536,942
NET CURRENT ASSETS 964,870 1,206,831
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,066,218

1,285,431

CREDITORS
Amounts falling due after more than one
year

7

(129,453

)

(165,000

)

PROVISIONS FOR LIABILITIES (14,412 ) (12,616 )
NET ASSETS 922,353 1,107,815

YORKSHIRE PRODUCTS LTD (REGISTERED NUMBER: 06951971)

BALANCE SHEET - continued
3 October 2022

3.10.22 3.10.21
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 921,353 1,106,815
SHAREHOLDERS' FUNDS 922,353 1,107,815

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 3 October 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 3 October 2022 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.

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 30 September 2023 and were signed by:





J Greenslade - Director


YORKSHIRE PRODUCTS LTD (REGISTERED NUMBER: 06951971)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 3 October 2022

1. STATUTORY INFORMATION

Yorkshire Products Ltd 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.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

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 annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 15% on reducing balance

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.


YORKSHIRE PRODUCTS LTD (REGISTERED NUMBER: 06951971)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 3 October 2022

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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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 20 (2021 - 18 ) .

YORKSHIRE PRODUCTS LTD (REGISTERED NUMBER: 06951971)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 3 October 2022

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 4 October 2021 127,641
Additions 44,375
Disposals (5,548 )
At 3 October 2022 166,468
DEPRECIATION
At 4 October 2021 49,041
Charge for year 17,347
Eliminated on disposal (1,268 )
At 3 October 2022 65,120
NET BOOK VALUE
At 3 October 2022 101,348
At 3 October 2021 78,600

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
3.10.22 3.10.21
£    £   
Trade debtors 143,709 215,127
Other debtors 627,249 800,258
770,958 1,015,385

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
3.10.22 3.10.21
£    £   
Bank loans and overdrafts 227,875 45,000
Trade creditors 226,496 234,255
Taxation and social security 111,416 165,489
Other creditors 109,568 92,198
675,355 536,942

YORKSHIRE PRODUCTS LTD (REGISTERED NUMBER: 06951971)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 3 October 2022

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
3.10.22 3.10.21
£    £   
Bank loans 129,453 165,000

8. SECURED DEBTS

The following secured debts are included within creditors:

3.10.22 3.10.21
£    £   
Bank loans 228,425 210,000

The company's lenders hold a fixed and floating charge over the company's assets.

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 3 October 2022 and 3 October 2021:

3.10.22 3.10.21
£    £   
J Greenslade
Balance outstanding at start of year 276,667 348,000
Amounts advanced - 378,667
Amounts repaid (276,667 ) (450,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 276,667

10. RELATED PARTY DISCLOSURES

During the year, the company loaned £107,000 to Yorkshire Products Holdings Ltd, a company under common control. The loan did not bear interest and at the year end date, the amount due from Yorkshire Products Holdings Ltd was £276,000 (2021: £169,000).

During the year, the company loaned £5,000 to Southbank Events Ltd, a company under common control. The loan did not bear interest and was outstanding at the year end date.

11. ULTIMATE CONTROLLING PARTY

The controlling party is J Greenslade.