REGISTERED NUMBER: |
Unaudited Financial Statements for the Year Ended 30th April 2024 |
for |
Spirit of Yorkshire Limited |
REGISTERED NUMBER: |
Unaudited Financial Statements for the Year Ended 30th April 2024 |
for |
Spirit of Yorkshire Limited |
Spirit of Yorkshire Limited (Registered number: 08182937) |
Contents of the Financial Statements |
for the year ended 30th April 2024 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
Spirit of Yorkshire Limited |
Company Information |
for the year ended 30th April 2024 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants |
Regent's Court |
Princess Street |
Hull |
East Yorkshire |
HU2 8BA |
Spirit of Yorkshire Limited (Registered number: 08182937) |
Balance Sheet |
30th April 2024 |
2024 | 2023 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
CURRENT ASSETS |
Stocks | 5 |
Debtors | 6 |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year | 7 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
8 |
( |
) |
( |
) |
PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital |
Share premium |
Retained earnings |
SHAREHOLDERS' FUNDS |
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. |
Spirit of Yorkshire Limited (Registered number: 08182937) |
Balance Sheet - continued |
30th April 2024 |
The financial statements were approved by the Board of Directors and authorised for issue on |
Spirit of Yorkshire Limited (Registered number: 08182937) |
Notes to the Financial Statements |
for the year ended 30th April 2024 |
1. | STATUTORY INFORMATION |
Spirit of Yorkshire Limited is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
The accounts have been prepared on a going concern basis, which assumes that the company will continue in operational existence for the foreseeable future. The directors believe that the required support will be forthcoming and have therefore concluded that it is appropriate for the financial statements to be prepared on a going concern basis. |
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 |
Land and buildings | - |
Plant and machinery etc | - |
Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
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. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
Spirit of Yorkshire Limited (Registered number: 08182937) |
Notes to the Financial Statements - continued |
for the year ended 30th April 2024 |
4. | TANGIBLE FIXED ASSETS |
Plant and |
Land and | machinery |
buildings | etc | Totals |
£ | £ | £ |
COST |
At 1st May 2023 |
Additions |
At 30th April 2024 |
DEPRECIATION |
At 1st May 2023 |
Charge for year |
At 30th April 2024 |
NET BOOK VALUE |
At 30th April 2024 |
At 30th April 2023 |
5. | STOCKS |
2024 | 2023 |
£ | £ |
Filled casks | 3,803,833 | 3,269,919 |
Finished goods | 179,855 | 118,601 |
Consumables | 201,219 | 104,147 |
4,184,907 | 3,492,667 |
6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2024 | 2023 |
£ | £ |
Trade debtors |
Other debtors |
7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2024 | 2023 |
£ | £ |
Bank loans and overdrafts |
Hire purchase contracts |
Trade creditors |
Taxation and social security |
Other creditors |
Spirit of Yorkshire Limited (Registered number: 08182937) |
Notes to the Financial Statements - continued |
for the year ended 30th April 2024 |
8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
2024 | 2023 |
£ | £ |
Bank loans |
Hire purchase contracts |
Other creditors |
9. | SECURED DEBTS |
The following secured debts are included within creditors: |
2024 | 2023 |
£ | £ |
Bank overdrafts |
Bank loans |
Some of the directors have given personal guarantees to the bank, relating to both the bank loan and overdraft. |
10. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
As at 30 April 2024 the company owed it's directors £108,001 (2023 £110,863). This has been shown behind other creditors with in one year £28,001 (2023 £30,863) and other creditors over one year £80,000 (2023 £80,000). |
As at 30 April 2024 the company was owed £248 from its directors (2023 nil). |