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REGISTERED NUMBER: 07592090 (England and Wales)















U ENERGY (YORKSHIRE) LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 MAY 2022 TO 31 MARCH 2023






U ENERGY (YORKSHIRE) LIMITED (REGISTERED NUMBER: 07592090)

CONTENTS OF THE FINANCIAL STATEMENTS
for the period 1 May 2022 to 31 March 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


U ENERGY (YORKSHIRE) LIMITED

COMPANY INFORMATION
for the period 1 May 2022 to 31 March 2023







DIRECTOR: Mr F S Gohir





REGISTERED OFFICE: Vernon House
40 New North Road
Huddersfield
West Yorkshire
HD1 5LS





REGISTERED NUMBER: 07592090 (England and Wales)





ACCOUNTANTS: Sheards
Chartered Accountants
Vernon House
40 New North Road
Huddersfield
West Yorkshire
HD1 5LS

U ENERGY (YORKSHIRE) LIMITED (REGISTERED NUMBER: 07592090)

BALANCE SHEET
31 March 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 367,912 114,761
Investments 5 10,357 10,340
378,269 125,101

CURRENT ASSETS
Stocks 363,840 99,850
Debtors 6 893,016 940,084
Cash at bank and in hand 1,273,824 461,826
2,530,680 1,501,760
CREDITORS
Amounts falling due within one year 7 (1,631,582 ) (653,315 )
NET CURRENT ASSETS 899,098 848,445
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,277,367

973,546

CREDITORS
Amounts falling due after more than one
year

8

(333,175

)

(315,940

)

PROVISIONS FOR LIABILITIES 10 (30,870 ) (12,610 )
NET ASSETS 913,322 644,996

CAPITAL AND RESERVES
Called up share capital 100 100
Share premium 349,970 349,970
Retained earnings 563,252 294,926
SHAREHOLDERS' FUNDS 913,322 644,996

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2023 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.

U ENERGY (YORKSHIRE) LIMITED (REGISTERED NUMBER: 07592090)

BALANCE SHEET - continued
31 March 2023


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 16 October 2023 and were signed by:





Mr F S Gohir - Director


U ENERGY (YORKSHIRE) LIMITED (REGISTERED NUMBER: 07592090)

NOTES TO THE FINANCIAL STATEMENTS
for the period 1 May 2022 to 31 March 2023


1. STATUTORY INFORMATION

U Energy (Yorkshire) 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.

Preparation of consolidated financial statements
The financial statements contain information about U Energy (Yorkshire) Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Turnover
Turnover is recognised on the supply of goods to the customer, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 20% on cost
Fixtures and fittings - 20% on cost
Motor vehicles - 20% on cost
Computer equipment - 20% on cost

Stocks
Stocks 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 period 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.

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 period 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.

U ENERGY (YORKSHIRE) LIMITED (REGISTERED NUMBER: 07592090)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the period 1 May 2022 to 31 March 2023


2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 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 period was 7 (2022 - 6 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1 May 2022 - 12,689 46,591
Additions 70,126 3,550 860
At 31 March 2023 70,126 16,239 47,451
DEPRECIATION
At 1 May 2022 - 11,060 40,971
Charge for period - 1,125 2,426
At 31 March 2023 - 12,185 43,397
NET BOOK VALUE
At 31 March 2023 70,126 4,054 4,054
At 30 April 2022 - 1,629 5,620

U ENERGY (YORKSHIRE) LIMITED (REGISTERED NUMBER: 07592090)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the period 1 May 2022 to 31 March 2023


4. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 May 2022 124,340 19,152 202,772
Additions 210,000 2,440 286,976
At 31 March 2023 334,340 21,592 489,748
DEPRECIATION
At 1 May 2022 25,055 10,925 88,011
Charge for period 27,578 2,696 33,825
At 31 March 2023 52,633 13,621 121,836
NET BOOK VALUE
At 31 March 2023 281,707 7,971 367,912
At 30 April 2022 99,285 8,227 114,761

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 May 2022
and 31 March 2023 55,817
DEPRECIATION
At 1 May 2022 16,377
Charge for period 6,559
At 31 March 2023 22,936
NET BOOK VALUE
At 31 March 2023 32,881
At 30 April 2022 39,440

U ENERGY (YORKSHIRE) LIMITED (REGISTERED NUMBER: 07592090)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the period 1 May 2022 to 31 March 2023


5. FIXED ASSET INVESTMENTS
Shares in
group Other
undertakings investments Totals
£    £    £   
COST
At 1 May 2022 250 10,090 10,340
Exchange differences 17 - 17
At 31 March 2023 267 10,090 10,357
NET BOOK VALUE
At 31 March 2023 267 10,090 10,357
At 30 April 2022 250 10,090 10,340

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 120,664 351,011
Amounts owed by group undertakings 697,156 477,950
Amounts owed by associates 13,225 79,652
Other debtors 61,971 31,471
893,016 940,084

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts 3,661 10,983
Trade creditors 695,578 499,072
Taxation and social security 277,572 106,543
Other creditors 644,771 26,717
1,631,582 653,315

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 21,667 30,833
Hire purchase contracts - 2,746
Other creditors 311,508 282,361
333,175 315,940

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Other loans 311,508 282,361

U ENERGY (YORKSHIRE) LIMITED (REGISTERED NUMBER: 07592090)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the period 1 May 2022 to 31 March 2023


9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 31,667 40,833
Hire purchase contracts 3,661 13,729
35,328 54,562

Hire purchase liabilities are secured against the asset to which they relate.

Bank loans are secured by way of government initiatives.

10. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 30,870 12,610

Deferred
tax
£   
Balance at 1 May 2022 12,610
Provided during period 18,260
Balance at 31 March 2023 30,870

11. RELATED PARTY DISCLOSURES

Loans owing to the directors on an interest free basis of £6,234 (2022: £6,450) were outstanding at the year end. The amounts are repayable on demand.

Loans owing from U Power Ltd of £217,706 (2022 - £66,427) were outstanding at the year end, a company whose majority shareholder is U Energy Group Limited. U Energy Group Limited is also the majority shareholder of U Energy (Yorkshire) Ltd. The amounts are repayable on demand.

Loans owing from U Energy Group Ltd of £479,450 (2022 - £477,950) were outstanding at the year end, a company which is the majority shareholder of U Energy (Yorkshire) Ltd. The amounts are repayable on demand.