IRIS Accounts Production v24.1.0.578 08177238 Board of Directors 1.9.22 31.8.23 31.8.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh081772382022-08-31081772382023-08-31081772382022-09-012023-08-31081772382021-08-31081772382021-09-012022-08-31081772382022-08-3108177238ns15:EnglandWales2022-09-012023-08-3108177238ns14:PoundSterling2022-09-012023-08-3108177238ns10:Director12022-09-012023-08-3108177238ns10:PrivateLimitedCompanyLtd2022-09-012023-08-3108177238ns10:SmallEntities2022-09-012023-08-3108177238ns10:AuditExempt-NoAccountantsReport2022-09-012023-08-3108177238ns10:SmallCompaniesRegimeForDirectorsReport2022-09-012023-08-3108177238ns10:SmallCompaniesRegimeForAccounts2022-09-012023-08-3108177238ns10:FullAccounts2022-09-012023-08-3108177238ns10:Director22022-09-012023-08-3108177238ns10:Director32022-09-012023-08-3108177238ns10:Director42022-09-012023-08-3108177238ns10:RegisteredOffice2022-09-012023-08-3108177238ns5:CurrentFinancialInstruments2023-08-3108177238ns5:CurrentFinancialInstruments2022-08-3108177238ns5:Non-currentFinancialInstruments2023-08-3108177238ns5:Non-currentFinancialInstruments2022-08-3108177238ns5:ShareCapital2023-08-3108177238ns5:ShareCapital2022-08-3108177238ns5:RetainedEarningsAccumulatedLosses2023-08-3108177238ns5:RetainedEarningsAccumulatedLosses2022-08-3108177238ns5:ShortLeaseholdAssetsns5:LandBuildings2022-09-012023-08-3108177238ns5:PlantMachinery2022-09-012023-08-3108177238ns5:MotorVehicles2022-09-012023-08-3108177238ns5:ComputerEquipment2022-09-012023-08-3108177238ns5:ShortLeaseholdAssetsns5:LandBuildings2022-08-3108177238ns5:PlantMachinery2022-08-3108177238ns5:MotorVehicles2022-08-3108177238ns5:ComputerEquipment2022-08-3108177238ns5:ShortLeaseholdAssetsns5:LandBuildings2023-08-3108177238ns5:PlantMachinery2023-08-3108177238ns5:MotorVehicles2023-08-3108177238ns5:ComputerEquipment2023-08-3108177238ns5:ShortLeaseholdAssetsns5:LandBuildings2022-08-3108177238ns5:PlantMachinery2022-08-3108177238ns5:MotorVehicles2022-08-3108177238ns5:ComputerEquipment2022-08-3108177238ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2022-08-3108177238ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2023-08-3108177238ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2022-08-3108177238ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-08-3108177238ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-08-3108177238ns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2023-08-3108177238ns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2022-08-3108177238ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2023-08-3108177238ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2022-08-3108177238ns5:Secured2023-08-3108177238ns5:Secured2022-08-31
REGISTERED NUMBER: 08177238 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 August 2023

for

Yorkshire Energy Systems Ltd

Yorkshire Energy Systems Ltd (Registered number: 08177238)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Yorkshire Energy Systems Ltd

Company Information
for the Year Ended 31 August 2023







DIRECTORS: C B Wilde
Mrs M Do C Fernandes
G Fiorentino
P M Wilde





REGISTERED OFFICE: Unit 8 Harrogate West Business Park,
Bardner Bank
Killinghall
Harrogate
North Yorkshire
HG3 2FN





REGISTERED NUMBER: 08177238 (England and Wales)





ACCOUNTANTS: Northern Tonic Limited
14 Clifton Moor Business Village
James Nicolson Link
York
YO30 4XG

Yorkshire Energy Systems Ltd (Registered number: 08177238)

Balance Sheet
31 August 2023

31.8.23 31.8.22
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 145,298 43,778

CURRENT ASSETS
Inventories 5 175,000 145,000
Debtors 6 192,681 138,909
367,681 283,909
CREDITORS
Amounts falling due within one year 7 395,036 290,231
NET CURRENT LIABILITIES (27,355 ) (6,322 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

117,943

37,456

CREDITORS
Amounts falling due after more than
one year

8

70,798

74,841
NET ASSETS/(LIABILITIES) 47,145 (37,385 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 47,045 (37,485 )
SHAREHOLDERS' FUNDS 47,145 (37,385 )

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.

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 18 April 2024 and were signed on its behalf by:





C B Wilde - Director


Yorkshire Energy Systems Ltd (Registered number: 08177238)

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

1. STATUTORY INFORMATION

Yorkshire Energy Systems 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.

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
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates and value added taxes.

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.
Short leasehold - 10% straight line
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Stocks
Inventories 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.

Yorkshire Energy Systems Ltd (Registered number: 08177238)

Notes to the Financial Statements - continued
for the Year Ended 31 August 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 year was 13 (2022 - 13 ) .

4. PROPERTY, PLANT AND EQUIPMENT
Short Plant and Motor Computer
leasehold machinery vehicles equipment Totals
£    £    £    £    £   
COST
At 1 September 2022 - 5,605 89,069 8,822 103,496
Additions 85,370 2,096 41,500 1,252 130,218
Disposals - - (11,250 ) - (11,250 )
At 31 August 2023 85,370 7,701 119,319 10,074 222,464
DEPRECIATION
At 1 September 2022 - 1,499 56,064 2,155 59,718
Charge for year 8,537 1,703 14,044 1,745 26,029
Eliminated on disposal - - (8,581 ) - (8,581 )
At 31 August 2023 8,537 3,202 61,527 3,900 77,166
NET BOOK VALUE
At 31 August 2023 76,833 4,499 57,792 6,174 145,298
At 31 August 2022 - 4,106 33,005 6,667 43,778

Yorkshire Energy Systems Ltd (Registered number: 08177238)

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

4. PROPERTY, PLANT AND EQUIPMENT - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 September 2022 77,819
Transfer to ownership (77,819 )
At 31 August 2023 -
DEPRECIATION
At 1 September 2022 49,560
Transfer to ownership (49,560 )
At 31 August 2023 -
NET BOOK VALUE
At 31 August 2023 -
At 31 August 2022 28,259

5. INVENTORIES
31.8.23 31.8.22
£    £   
Finished goods 175,000 145,000

6. DEBTORS
31.8.23 31.8.22
£    £   
Amounts falling due within one year:
Trade debtors 156,276 121,500
Other debtors 8,777 -
Directors' current accounts 3,728 -
VAT 13,068 11,559
Prepayments 4,982 5,850
186,831 138,909

Amounts falling due after more than one year:
Other debtors 5,850 -

Aggregate amounts 192,681 138,909

Yorkshire Energy Systems Ltd (Registered number: 08177238)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£    £   
Bank loans and overdrafts 35,644 11,637
Other loans 72,088 59,500
Hire purchase contracts 21,538 12,194
Trade creditors 229,225 142,202
Social security and other taxes 12,142 10,545
Other creditors 6,821 50,463
Commercial card 6,277 -
Pension contributions 1,807 -
Directors' current accounts 1,802 3,690
Accrued expenses 7,692 -
395,036 290,231

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.8.23 31.8.22
£    £   
Bank loans - 1-2 years 12,000 -
Bank loans - 2-5 years 9,000 -
Other loans - 1-2 years 20,561 32,000
Other loans - 2-5 years - 29,334
Hire purchase contracts 29,237 13,507
70,798 74,841

9. SECURED DEBTS

The following secured debts are included within creditors:

31.8.23 31.8.22
£    £   
Bank overdraft 23,644 -
Hire purchase contracts 50,775 -
74,419 -

The bank hold a fixed and floating charge over all assets of the company as security for the overdraft.

10. OTHER FINANCIAL COMMITMENTS

The company has future commitments under a property lease totalling £222,213 (2022 nil)

11. RELATED PARTY DISCLOSURES

The company borrowed £25,000 from a company under connected control. At the year end the total outstanding was £5,000 (2022 £25,000).