2022-10-012023-09-302023-09-30false10717310TWENTY FIVE (YORK) 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TWENTY FIVE (YORK) LTD

Registered Number
10717310
(England and Wales)

Unaudited Financial Statements for the Year ended
30 September 2023

TWENTY FIVE (YORK) LTD
Company Information
for the year from 1 October 2022 to 30 September 2023

Directors

Ian Hildreth
Stuart Sey
Sarah Wetton

Registered Address

Station Yard New Road
Hessay
York
YO26 8JS

Registered Number

10717310 (England and Wales)
TWENTY FIVE (YORK) LTD
Statement of Financial Position
30 September 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Intangible assets320,00024,000
Tangible assets4226,820190,756
246,820214,756
Current assets
Stocks5371,927149,085
Debtors359,859254,507
Cash at bank and on hand375,736480,519
1,107,522884,111
Creditors amounts falling due within one year6(735,950)(763,656)
Net current assets (liabilities)371,572120,455
Total assets less current liabilities618,392335,211
Creditors amounts falling due after one year7(18,892)(6,600)
Provisions for liabilities8(45,364)(38,151)
Net assets554,136290,460
Capital and reserves
Called up share capital11
Profit and loss account554,135290,459
Shareholders' funds554,136290,460
The financial statements were approved and authorised for issue by the Board of Directors on 30 September 2024, and are signed on its behalf by:
Ian Hildreth
Director
Sarah Wetton
Director
Stuart Sey
Director

Registered Company No. 10717310
TWENTY FIVE (YORK) LTD
Notes to the Financial Statements
for the year ended 30 September 2023

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 Section 1A, The Financial Reporting Standard applicable in the UK and Republic of Ireland.
Basis of preparation
The financial statements have been prepared on the historical cost basis.
Functional and presentation currency
The financial statements are presented in sterling, which is the functional currency of the entity.
Going concern
Following the challenges arising as a consequence of the Covid-19 pandemic in 2020/21, more latterly the UK economy has been impacted by rising inflation, interest rates and energy costs, exacerbated by the war in Ukraine. All these matters have impacted the company’s trading results to a greater or lesser extent. At the date of signing these financial statements, the directors have considered the effect of these matters on the company with the information available to it, and do not believe that it will affect the ability of the company to continue to trade for the foreseeable future. On this basis, the directors have prepared these financial statements on a going concern basis.
Turnover policy
In respect of long-term contracts and contracts for on-going services, turnover represents the value of work done in the year, including estimates of amounts not invoiced. Turnover in respect of long-term contracts and contracts for on-going services is recognised by reference to the stage of completion.
Employee benefits
Contributions to defined contribution plans are expensed in the period to which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.
Deferred tax
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted, or substantively enacted, by the reporting date that are expected to apply to the reversal of the timing difference.
Intangible assets
Intangible assets are stated at cost less accumulated amortisation and accumulated impairment losses. The assets are reviewed for impairment if the above factors indicate that the carrying amount may be impaired. Amortisation is included in 'administrative expenses' in the profit and loss account.
Tangible fixed assets and depreciation
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Stocks and work in progress
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all cost of purchase, cost of conversion and other costs incurred in bringing the stock to its present location and condition.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at transaction price and measured at amortised cost using the effective interest method. Where investments in non-derivative financial instruments are publicly traded, or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value through profit and loss. All other investments are subsequently measured at cost less impairment. Financial assets which are measured at cost or amortised cost are reviewed for objective evidence of impairment at each balance sheet date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. All equity instruments, regardless of significance, and other financial assets that are individually significant, are assessed individually for impairment.
2.Average number of employees

20232022
Average number of employees during the year2424
3.Intangible assets

Other

Total

££
Cost or valuation
At 01 October 2240,00040,000
At 30 September 2340,00040,000
Amortisation and impairment
At 01 October 2216,00016,000
Charge for year4,0004,000
At 30 September 2320,00020,000
Net book value
At 30 September 2320,00020,000
At 30 September 2224,00024,000
4.Tangible fixed assets

Plant & machinery

Vehicles

Fixtures & fittings

Office Equipment

Total

£££££
Cost or valuation
At 01 October 2224,632288,45418,78431,569363,439
Additions22,79269,976--92,768
At 30 September 2347,424358,43018,78431,569456,207
Depreciation and impairment
At 01 October 2212,992129,80711,31118,573172,683
Charge for year6,88645,7231,4952,60056,704
At 30 September 2319,878175,53012,80621,173229,387
Net book value
At 30 September 2327,546182,9005,97810,396226,820
At 30 September 2211,640158,6477,47312,996190,756
5.Stocks

2023

2022

££
Raw materials and consumables16,0006,000
Work in progress355,927143,085
Total371,927149,085
6.Creditors: amounts due within one year

2023

2022

££
Trade creditors / trade payables375,445161,195
Bank borrowings and overdrafts14,318-
Taxation and social security108,07662,047
Other creditors229,933288,398
Accrued liabilities and deferred income8,178252,016
Total735,950763,656
7.Creditors: amounts due after one year

2023

2022

££
Bank borrowings and overdrafts18,8926,600
Total18,8926,600
8.Provisions for liabilities

2023

2022

££
Net deferred tax liability (asset)45,36438,151
Total45,36438,151
9.Related party transactions
During the year a director made available a loan to the company. At the year end the balance of this loan was £229,933 (2022: £288,398). This loan is repayable upon demand and has been subject to interest payable at the UK market rate on a monthly basis.