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REGISTERED NUMBER: 04182000 (England and Wales)













Unaudited Financial Statements

for the Year Ended 31 August 2023

for

Yorkshire Profiles Ltd

Yorkshire Profiles Ltd (Registered number: 04182000)






Contents of the Financial Statements
for the Year Ended 31 August 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Yorkshire Profiles Ltd

Company Information
for the Year Ended 31 August 2023







DIRECTORS: M Halliwell
A J R R Halliwell





SECRETARY: M Halliwell





REGISTERED OFFICE: Unit 6A Hessay Industrial Estate
Hessay
York
North Yorkshire
YO26 8LE





REGISTERED NUMBER: 04182000 (England and Wales)





ACCOUNTANTS: Clive Owen LLP
Chartered Accountants
Oak Tree House, Harwood Road
Northminster Business Park
Upper Poppleton
York
YO26 6QU

Yorkshire Profiles Ltd (Registered number: 04182000)

Balance Sheet
31 August 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 695,125 759,405

CURRENT ASSETS
Stocks 5 78,132 90,837
Debtors 6 438,906 357,100
Cash at bank 279,149 305,845
796,187 753,782
CREDITORS
Amounts falling due within one year 7 532,204 518,971
NET CURRENT ASSETS 263,983 234,811
TOTAL ASSETS LESS CURRENT
LIABILITIES

959,108

994,216

CREDITORS
Amounts falling due after more than one
year

8

(318,664

)

(332,593

)

PROVISIONS FOR LIABILITIES 12 (151,897 ) (175,000 )
NET ASSETS 488,547 486,623

CAPITAL AND RESERVES
Called up share capital 13 160 160
Retained earnings 488,387 486,463
SHAREHOLDERS' FUNDS 488,547 486,623

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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 Profiles Ltd (Registered number: 04182000)

Balance Sheet - continued
31 August 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 November 2023 and were signed on its behalf by:





M Halliwell - Director


Yorkshire Profiles Ltd (Registered number: 04182000)

Notes to the Financial Statements
for the Year Ended 31 August 2023

1. STATUTORY INFORMATION

Yorkshire Profiles 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.

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.

There were no material departures from that standard.

The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Income Recognition
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

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 - 15% on cost and 10% on cost
Fixtures and fittings - 15% on cost
Motor vehicles - 25% on cost
Computer equipment - 33% on cost

Tangible fixed assets are measured at cost less accumulated depreciation and impairment.

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

Financial instruments
Basic financial instruments are recognised at amortised cost with changes recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 Profiles Ltd (Registered number: 04182000)

Notes to the Financial Statements - continued
for the Year Ended 31 August 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.

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 year was 23 (2022 - 23 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 September 2022 1,673,148 10,701 29,201 28,189 1,741,239
Additions 137,534 1,521 - 7,022 146,077
Disposals (4,520 ) (5,845 ) - (10,866 ) (21,231 )
At 31 August 2023 1,806,162 6,377 29,201 24,345 1,866,085
DEPRECIATION
At 1 September 2022 950,189 6,821 3,504 21,320 981,834
Charge for year 197,833 683 7,300 4,451 210,267
Eliminated on disposal (4,451 ) (5,824 ) - (10,866 ) (21,141 )
At 31 August 2023 1,143,571 1,680 10,804 14,905 1,170,960
NET BOOK VALUE
At 31 August 2023 662,591 4,697 18,397 9,440 695,125
At 31 August 2022 722,959 3,880 25,697 6,869 759,405

Yorkshire Profiles Ltd (Registered number: 04182000)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2023

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 September 2022 693,250 29,201 722,451
Additions 113,500 - 113,500
Transfer to ownership (63,000 ) (29,201 ) (92,201 )
At 31 August 2023 743,750 - 743,750
DEPRECIATION
At 1 September 2022 244,991 3,504 248,495
Charge for year 105,406 7,300 112,706
Transfer to ownership (57,487 ) (10,804 ) (68,291 )
At 31 August 2023 292,910 - 292,910
NET BOOK VALUE
At 31 August 2023 450,840 - 450,840
At 31 August 2022 448,259 25,697 473,956

5. STOCKS
2023 2022
£    £   
Stocks 78,132 90,837

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 361,093 263,375
Other debtors 70,965 88,308
Prepayments and accrued income 6,848 5,417
438,906 357,100

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts (see note 9) 10,000 10,000
Hire purchase contracts (see note 10) 122,901 128,889
Trade creditors 326,996 228,645
Taxation and social security 65,508 147,068
Other creditors 3,649 1,984
Directors' current accounts - 85
Accruals and deferred income 3,150 2,300
532,204 518,971

Yorkshire Profiles Ltd (Registered number: 04182000)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2023

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans (see note 9) 17,500 27,500
Hire purchase contracts (see note 10) 301,164 305,093
318,664 332,593

9. LOANS

An analysis of the maturity of loans is given below:

2023 2022
£    £   
Amounts falling due within one year or on demand:
Bank loans 10,000 10,000

Amounts falling due between one and two years:
Bank loans - 1-2 years 10,000 10,000

Amounts falling due between two and five years:
Bank loans - 2-5 years 7,500 17,500

10. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2023 2022
£    £   
Net obligations repayable:
Within one year 122,901 128,889
Between one and five years 301,164 305,093
424,065 433,982

Non-cancellable operating leases
2023 2022
£    £   
Within one year 27,904 66,262
Between one and five years 3,451 30,212
31,355 96,474

Yorkshire Profiles Ltd (Registered number: 04182000)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2023

11. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 27,500 37,500
Hire purchase contracts 424,065 433,982
451,565 471,482

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

Bank loans are secured by the UK Government under the Bounce Back Loan Scheme and are subject to a fixed interest rate of 2.5% per annum.

12. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 151,897 175,000

Deferred
tax
£   
Balance at 1 September 2022 175,000
Provided during year (23,103 )
Balance at 31 August 2023 151,897

13. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 A ordinary shares £1 100 100
60 B ordinary shares £1 60 60
160 160

14. RELATED PARTY DISCLOSURES

2023 2022
£ £
Personnel of the entity:

Amount due to the directors - 85

No interest has been charged.