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REGISTERED NUMBER: 09166838 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 August 2023

for

Yorkshire Sports & Prestige Limited

Yorkshire Sports & Prestige Limited (Registered number: 09166838)






Contents of the Financial Statements
for the Year Ended 30 August 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Yorkshire Sports & Prestige Limited

Company Information
for the Year Ended 30 August 2023







DIRECTORS: S Gardiner
H Timlin





REGISTERED OFFICE: Network House
Stubs Beck Lane
Cleckheaton
BD19 4TT





REGISTERED NUMBER: 09166838 (England and Wales)





ACCOUNTANTS: KJA Kilner Johnson Ltd
Network House
Stubs Beck Lane
Cleckheaton
BD19 4TT

Yorkshire Sports & Prestige Limited (Registered number: 09166838)

Balance Sheet
30 August 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 167,101 105,993

CURRENT ASSETS
Stocks 803,208 660,741
Debtors 5 126,077 56,563
Cash at bank 3,242 1,499
932,527 718,803
CREDITORS
Amounts falling due within one year 6 917,721 620,924
NET CURRENT ASSETS 14,806 97,879
TOTAL ASSETS LESS CURRENT
LIABILITIES

181,907

203,872

CREDITORS
Amounts falling due after more than one
year

7

(40,053

)

(50,752

)

PROVISIONS FOR LIABILITIES (27,742 ) (9,383 )
NET ASSETS 114,112 143,737

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 114,012 143,637
114,112 143,737

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 August 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 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 Sports & Prestige Limited (Registered number: 09166838)

Balance Sheet - continued
30 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 February 2024 and were signed on its behalf by:





S Gardiner - Director


Yorkshire Sports & Prestige Limited (Registered number: 09166838)

Notes to the Financial Statements
for the Year Ended 30 August 2023

1. STATUTORY INFORMATION

Yorkshire Sports & Prestige 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.

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.

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 - 20% reducing balance
Fixtures and fittings - 25% reducing balance
Motor vehicles - 25% reducing balance
Computer equipment - 25% reducing balance

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 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.

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 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.

Yorkshire Sports & Prestige Limited (Registered number: 09166838)

Notes to the Financial Statements - continued
for the Year Ended 30 August 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 21 (2022 - 32 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 31 August 2022 94,364 46,457 37,900 3,990 182,711
Additions 56,650 - 40,010 - 96,660
Disposals (1,680 ) - (3,500 ) - (5,180 )
At 30 August 2023 149,334 46,457 74,410 3,990 274,191
DEPRECIATION
At 31 August 2022 37,773 27,071 11,394 480 76,718
Charge for year 20,315 4,847 9,512 878 35,552
Eliminated on disposal (1,680 ) - (3,500 ) - (5,180 )
At 30 August 2023 56,408 31,918 17,406 1,358 107,090
NET BOOK VALUE
At 30 August 2023 92,926 14,539 57,004 2,632 167,101
At 30 August 2022 56,591 19,386 26,506 3,510 105,993

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 50,222 21,278
Other debtors 75,855 35,285
126,077 56,563

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 635,272 242,560
Hire purchase contracts 37,274 37,114
Trade creditors 106,587 101,535
Taxation and social security 46,963 79,089
Other creditors 91,625 160,626
917,721 620,924

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 17,392 50,752
Hire purchase contracts 22,661 -
40,053 50,752

Yorkshire Sports & Prestige Limited (Registered number: 09166838)

Notes to the Financial Statements - continued
for the Year Ended 30 August 2023

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Stocking loan 399,538 -

The LE Capital UK stocking loan is secured against the company trade debt.