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REGISTERED NUMBER: 01982116 (England and Wales)
























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

FOR

YORKSHIRE IN BUSINESS LTD

YORKSHIRE IN BUSINESS LTD (REGISTERED NUMBER: 01982116)

CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 31 March 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


YORKSHIRE IN BUSINESS LTD

COMPANY INFORMATION
For The Year Ended 31 March 2023







DIRECTORS: Mr Douglas James Durrant
Mr Anthony Charles Robinson
Mrs Jennifer Crowther





SECRETARY: Mrs Joanne Elizabeth Greenwood





REGISTERED OFFICE: Cayley Court
Hopper Hill Road
Eastfield
Scarborough
North Yorkshire
YO11 3YJ





REGISTERED NUMBER: 01982116 (England and Wales)





ACCOUNTANTS: Fortus North Limited
Business Advisors & Accountants
5&6 Manor Court
Manor Garth
Scarborough
North Yorkshire
YO11 3TU

YORKSHIRE IN BUSINESS LTD (REGISTERED NUMBER: 01982116)

BALANCE SHEET
31 March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 25,813 25,985
Investments 5 1,866,674 1,696,010
1,892,487 1,721,995

CURRENT ASSETS
Debtors 6 51,075 14,375
Cash at bank and in hand 154,227 321,279
205,302 335,654
CREDITORS
Amounts falling due within one year 7 31,784 82,350
NET CURRENT ASSETS 173,518 253,304
TOTAL ASSETS LESS CURRENT LIABILITIES 2,066,005 1,975,299

ACCRUALS AND DEFERRED INCOME 388,500 388,500
NET ASSETS 1,677,505 1,586,799

RESERVES
Capital redemption reserve 2,960 2,960
Retained earnings 1,674,545 1,583,839
1,677,505 1,586,799

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

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

YORKSHIRE IN BUSINESS LTD (REGISTERED NUMBER: 01982116)

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 9 November 2023 and were signed on its behalf by:





Mr Douglas James Durrant - Director


YORKSHIRE IN BUSINESS LTD (REGISTERED NUMBER: 01982116)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 31 March 2023


1. STATUTORY INFORMATION

Yorkshire In Business Ltd is a private company, limited by guarantee , 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 (£).


The level of rounding used in the financial statements is to the nearest £1.

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 Yorkshire In Business Ltd 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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

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.
Fixtures, fittings & equipment - 10% on cost
Computer & office equipment - 10% on cost

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

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the profit and loss account, 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.


YORKSHIRE IN BUSINESS LTD (REGISTERED NUMBER: 01982116)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 March 2023


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.

Going concern accounting policy
At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

Government grants
Grants are credited to deferred revenue. Grants towards capital expenditure are released to the profit and loss account over the expected useful life of the assets. Grants towards revenue expenditure are released to the profit and loss account as the related expenditure is incurred.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 20 (2022 - 29 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2022 111,115
Additions 2,962
At 31 March 2023 114,077
DEPRECIATION
At 1 April 2022 85,130
Charge for year 3,134
At 31 March 2023 88,264
NET BOOK VALUE
At 31 March 2023 25,813
At 31 March 2022 25,985

YORKSHIRE IN BUSINESS LTD (REGISTERED NUMBER: 01982116)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 March 2023


5. FIXED ASSET INVESTMENTS

2023 2022
£    £   
Shares in group undertakings 1 1
Loans to group undertakings 1,866,673 1,696,009
1,866,674 1,696,010

Additional information is as follows:
Shares in
group
undertakings
£   
COST
At 1 April 2022
and 31 March 2023 1
NET BOOK VALUE
At 31 March 2023 1
At 31 March 2022 1
Loans to
group
undertakings
£   
At 1 April 2022 1,696,009
New in year 171,400
Repayment in year (736 )
At 31 March 2023 1,866,673

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 194 11,057
Other debtors 50,881 3,318
51,075 14,375

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 2,935 5,985
Taxation and social security 5,158 4,171
Other creditors 23,691 72,194
31,784 82,350

YORKSHIRE IN BUSINESS LTD (REGISTERED NUMBER: 01982116)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 March 2023


8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Creditors within one year 31,784 82,350
Government grant 388,500 388,500
420,284 470,850

The company has entered into an unlimited guarantee with its subsidiary, Yorkshire Coast Workshops Limited, to secure all the liabilities of each other.

9. CONTINGENT LIABILITIES

The company has a unilateral guarantee with its subsidiary company, Yorkshire Coast Workshops Limited, to guarantee the liabilities of each other. The current and long term liabilities of the subsidiary at the year end is £205,657 excluding amounts due to the parent company.

10. LIMITED BY GUARANTEE

The company is limited by guarantee and does not have a share capital.
The liability of the members in the event of the company being liquidated is limited to £1 per member.