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REGISTERED NUMBER: 08182937 (England and Wales)


















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: T L Mellor
D J G Thompson
Mrs R S Thompson
Mrs J R Ashwood
J A Clark





REGISTERED OFFICE: Hunmanby Grange
Wold Newton
Driffield
East Yorkshire
YO25 3HS





REGISTERED NUMBER: 08182937 (England and Wales)





ACCOUNTANTS: Smailes Goldie
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 1,106,921 975,639

CURRENT ASSETS
Stocks 5 4,184,907 3,492,667
Debtors 6 279,126 316,925
Cash at bank and in hand 78,006 5,073
4,542,039 3,814,665
CREDITORS
Amounts falling due within one year 7 1,145,189 2,357,255
NET CURRENT ASSETS 3,396,850 1,457,410
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,503,771

2,433,049

CREDITORS
Amounts falling due after more than one
year

8

(3,393,352

)

(1,163,701

)

PROVISIONS FOR LIABILITIES (194,733 ) (191,107 )
NET ASSETS 915,686 1,078,241

CAPITAL AND RESERVES
Called up share capital 1,840 1,840
Share premium 149,960 149,960
Retained earnings 763,886 926,441
SHAREHOLDERS' FUNDS 915,686 1,078,241

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th April 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.

Spirit of Yorkshire Limited (Registered number: 08182937)

Balance Sheet - continued
30th April 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 Profit and loss account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29th January 2025 and were signed on its behalf by:





T L Mellor - Director


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 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 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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - 10% on reducing balance
Plant and machinery etc - 20% on reducing balance and 10% on 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.

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 24 (2023 - 20 ) .

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 136,005 1,527,448 1,663,453
Additions - 217,493 217,493
At 30th April 2024 136,005 1,744,941 1,880,946
DEPRECIATION
At 1st May 2023 58,825 628,989 687,814
Charge for year 7,719 78,492 86,211
At 30th April 2024 66,544 707,481 774,025
NET BOOK VALUE
At 30th April 2024 69,461 1,037,460 1,106,921
At 30th April 2023 77,180 898,459 975,639

5. STOCKS

2024 2023
££


Filled casks

3,803,833

3,269,919
Finished goods 179,855118,601
Consumables 201,219104,147

4,184,9073,492,667

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 190,282 265,709
Other debtors 88,844 51,216
279,126 316,925

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 239,870 1,584,708
Hire purchase contracts 5,234 4,878
Trade creditors 552,322 546,834
Taxation and social security 11,933 52,932
Other creditors 335,830 167,903
1,145,189 2,357,255

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 3,207,991 973,106
Hire purchase contracts 5,361 10,595
Other creditors 180,000 180,000
3,393,352 1,163,701

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank overdrafts 2,943 1,393,115
Bank loans 3,444,918 1,164,699
3,447,861 2,557,814

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).