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REGISTERED NUMBER: 07306155 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024

FOR

YORKS SWEEPER HIRE LIMITED

YORKS SWEEPER HIRE LIMITED (REGISTERED NUMBER: 07306155)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


YORKS SWEEPER HIRE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2024







DIRECTORS: J B York
L York
S J York
B York





REGISTERED OFFICE: The Machinery Shed
Wharley Farm
College Road
Cranfield
Bedfordshire
MK43 0DN





REGISTERED NUMBER: 07306155 (England and Wales)





ACCOUNTANTS: Ad Valorem Accountancy Services Limited
Chartered Certified Accountants
2 Manor Farm Court
Old Wolverton Road
Old Wolverton
Buckinghamshire
MK12 5NN

YORKS SWEEPER HIRE LIMITED (REGISTERED NUMBER: 07306155)

BALANCE SHEET
31 JULY 2024

2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 273,235 262,001

CURRENT ASSETS
Debtors 5 827,256 790,787
Cash at bank - 42
827,256 790,829
CREDITORS
Amounts falling due within one year 6 690,237 607,133
NET CURRENT ASSETS 137,019 183,696
TOTAL ASSETS LESS CURRENT
LIABILITIES

410,254

445,697

CREDITORS
Amounts falling due after more than one
year

7

(320,668

)

(222,127

)

PROVISIONS FOR LIABILITIES (66,699 ) (64,324 )
NET ASSETS 22,887 159,246

CAPITAL AND RESERVES
Called up share capital 9 2 2
Retained earnings 10 22,885 159,244
SHAREHOLDERS' FUNDS 22,887 159,246

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2024 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.

YORKS SWEEPER HIRE LIMITED (REGISTERED NUMBER: 07306155)

BALANCE SHEET - continued
31 JULY 2024


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 8 November 2024 and were signed on its behalf by:





J B York - Director


YORKS SWEEPER HIRE LIMITED (REGISTERED NUMBER: 07306155)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024


1. STATUTORY INFORMATION

Yorks Sweeper Hire 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 25% on cost
Fixtures and fittings - 25% on cost and 20% on reducing balance
Motor vehicles - 25% on cost and at varying rates on cost

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
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.

YORKS SWEEPER HIRE LIMITED (REGISTERED NUMBER: 07306155)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024


2. ACCOUNTING POLICIES - continued

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.

FINANCIAL INSTRUMENTS
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 20 (2023 - 19 ) .

YORKS SWEEPER HIRE LIMITED (REGISTERED NUMBER: 07306155)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024


4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£ £ £ £ £
COST
At 1 August 2023 19,828 37,628 781,821 - 839,277
Additions - 1,829 119,966 833 122,628
At 31 July 2024 19,828 39,457 901,787 833 961,905
DEPRECIATION
At 1 August 2023 15,897 29,941 531,438 - 577,276
Charge for year 997 4,394 105,889 114 111,394
At 31 July 2024 16,894 34,335 637,327 114 688,670
NET BOOK VALUE
At 31 July 2024 2,934 5,122 264,460 719 273,235
At 31 July 2023 3,931 7,687 250,383 - 262,001

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£
COST
At 1 August 2023 245,637
Additions 119,966
At 31 July 2024 365,603
DEPRECIATION
At 1 August 2023 84,053
Charge for year 67,652
At 31 July 2024 151,705
NET BOOK VALUE
At 31 July 2024 213,898
At 31 July 2023 161,584

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade debtors 357,511 406,557
Other debtors 469,745 384,230
827,256 790,787

YORKS SWEEPER HIRE LIMITED (REGISTERED NUMBER: 07306155)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Bank loans and overdrafts 290,673 244,176
Hire purchase contracts 77,355 57,835
Trade creditors 55,939 36,170
Taxation and social security 198,500 144,889
Other creditors 67,770 124,063
690,237 607,133

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£ £
Bank loans 96,026 18,333
Hire purchase contracts 224,642 203,794
320,668 222,127

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£ £
Bank overdrafts 267,825 234,176
Bank loans 118,874 28,333
Hire purchase contracts 301,997 261,629
688,696 524,138

Hire purchase contracts are secured against the relevant assets.

The loan and overdraft facilities are secured by way of a fixed and floating charge over the assets of the company.

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £ £
2 Ordinary 1 2 2

YORKS SWEEPER HIRE LIMITED (REGISTERED NUMBER: 07306155)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024


10. RESERVES
Retained
earnings
£

At 1 August 2023 159,244
Deficit for the year (136,359 )
At 31 July 2024 22,885

11. OTHER FINANCIAL COMMITMENTS

The total future minimum lease payments outstanding in respect of the property lease agreements as at 31July 2024 were £13,155 (2023 - £52,619).

12. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 July 2024 and 31 July 2023:

2024 2023
£ £
J B York and L York
Balance outstanding at start of year 234,526 292,884
Amounts repaid (29,178 ) (58,358 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 205,348 234,526

The loan is repayable on demand and interest free.