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Company No: 07568134 (England and Wales)

# YORKSHIRE HEART LIMITED

### Unaudited Financial Statements
For the financial period from 01 April 2024 to 31 December 2024
Pages for filing with the registrar

YORKSHIRE HEART LIMITED

## Unaudited Financial Statements

For the financial period from 01 April 2024 to 31 December 2024

Contents

YORKSHIRE HEART LIMITED

## COMPANY INFORMATION

For the financial period from 01 April 2024 to 31 December 2024
YORKSHIRE HEART LIMITED

## COMPANY INFORMATION (continued)

For the financial period from 01 April 2024 to 31 December 2024

DIRECTORS | Christopher Spakouskas (Resigned 05 April 2025)
| Gillian Evelyn Spakouskas
| Tim Spakouskas

REGISTERED OFFICE | Wellington House Aviator Court
| Clifton Moor
| York
| YO30 4UZ
| United Kingdom

COMPANY NUMBER | 07568134 (England and Wales)

ACCOUNTANT | Ian Walker & Co
| Wellington House
| Aviator Court
| Clifton Moor
| York
| YO30 4UZ

YORKSHIRE HEART LIMITED

## BALANCE SHEET

As at 31 December 2024
YORKSHIRE HEART LIMITED

## BALANCE SHEET (continued)

As at 31 December 2024

| Note | 31.12.2024 |  | 31.03.2024
|  | £ |  | £
Fixed assets |  |  |  |
Intangible assets | 4 | 1,875 |  | 3,000
Tangible assets | 5 | 434,693 |  | 408,381
|  | 436,568 |  | 411,381
Current assets |  |  |  |
Stocks | 6 | 280,372 |  | 445,215
Debtors | 7 | 106,714 |  | 48,138
Cash at bank and in hand | 8 | 23,501 |  | 7,339
|  | 410,587 |  | 500,692
Creditors: amounts falling due within one year | 9 | ( 605,950) |  | ( 613,892)
Net current liabilities |  | (195,363) |  | (113,200)
Total assets less current liabilities |  | 241,205 |  | 298,181
Creditors: amounts falling due after more than one year | 10 | ( 206,466) |  | ( 122,077)
Provision for liabilities | 11, 12 | ( 33,652) |  | ( 28,654)
Net assets |  | 1,087 |  | 147,450
Capital and reserves |  |  |  |
Called-up share capital | 13 | 2 |  | 2
Profit and loss account |  | 1,085 |  | 147,448
Total shareholders' funds |  | 1,087 |  | 147,450

For the financial period ending 31 December 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the Company to obtain an audit of its financial statements for the financial period in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
- These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of Yorkshire Heart Limited (registered number: 07568134) were approved and authorised for issue by the Board of Directors on 12 September 2025. They were signed on its behalf by:

Gillian Evelyn Spakouskas Director |

YORKSHIRE HEART LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial period from 01 April 2024 to 31 December 2024
YORKSHIRE HEART LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial period from 01 April 2024 to 31 December 2024

##### 1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial period and to the preceding financial year, unless otherwise stated.

##### General information and basis of accounting

Yorkshire Heart Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Wellington House Aviator Court, Clifton Moor, York, YO30 4UZ, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

##### Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

##### Reporting period length

The financial statements have been prepared for a period of 9 months, from 1 April 2024 to 31 December 2024, as a result of a change in the company’s accounting reference date. Consequently, the comparative figures presented in these financial statements cover a period of 12 months and are therefore not entirely comparable with the current period’s results.
This change has been made in accordance with the requirements of FRS 102 Section 3.3 and the Companies Act 2006, and has been appropriately disclosed in the financial statements.

##### Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.
Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

##### Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

##### Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Goodwill | 10 years straight line

##### Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Land and buildings | not depreciated
Plant and machinery etc. | 15 - 25 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

##### Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

##### Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.
At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

##### Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.
The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).
When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

#### 2. Critical accounting judgements and key sources of estimation uncertainty

In the application of the Company’s accounting policies, the directors are required to make judgements that have a significant impact on the amounts recognised. The following are the critical judgements that the directors have made in the process of applying the Company’s accounting policies and that have the most significant effect on the amounts recognised in the financial statements.

#### 3. Employees

| Period from 01.04.2024 to 31.12.2024 |  | Year ended 31.03.2024
| Number |  | Number
Monthly average number of persons employed by the Company during the period, including directors | 16 |  | 11

#### 4. Intangible assets

| Goodwill |  | Total
| £ |  | £
Cost |  |  |
At 01 April 2024 | 15,000 |  | 15,000
At 31 December 2024 | 15,000 |  | 15,000
Accumulated amortisation |  |  |
At 01 April 2024 | 12,000 |  | 12,000
Charge for the financial period | 1,125 |  | 1,125
At 31 December 2024 | 13,125 |  | 13,125
Net book value |  |  |
At 31 December 2024 | 1,875 |  | 1,875
At 31 March 2024 | 3,000 |  | 3,000

#### 5. Tangible assets

| Land and buildings |  | Plant and machinery etc. |  | Total
| £ |  | £ |  | £
Cost |  |  |  |  |
At 01 April 2024 | 257,573 |  | 376,390 |  | 633,963
Additions | 0 |  | 84,842 |  | 84,842
Disposals | 0 |  | ( 30,946) |  | ( 30,946)
At 31 December 2024 | 257,573 |  | 430,286 |  | 687,859
Accumulated depreciation |  |  |  |  |
At 01 April 2024 | 0 |  | 225,582 |  | 225,582
Charge for the financial period | 0 |  | 34,563 |  | 34,563
Disposals | 0 |  | ( 6,979) |  | ( 6,979)
At 31 December 2024 | 0 |  | 253,166 |  | 253,166
Net book value |  |  |  |  |
At 31 December 2024 | 257,573 |  | 177,120 |  | 434,693
At 31 March 2024 | 257,573 |  | 150,808 |  | 408,381

#### 6. Stocks

| 31.12.2024 |  | 31.03.2024
| £ |  | £
Stocks | 28,472 |  | 96,890
Work in progress | 251,900 |  | 348,325
| 280,372 |  | 445,215

There are no material differences between the replacement cost of stock and the Balance Sheet amounts.

#### 7. Debtors

| 31.12.2024 |  | 31.03.2024
| £ |  | £
Trade debtors | 31,133 |  | 31,806
Other debtors | 75,581 |  | 16,332
| 106,714 |  | 48,138

#### 8. Cash and cash equivalents

| 31.12.2024 |  | 31.03.2024
| £ |  | £
Cash at bank and in hand | 23,501 |  | 7,339

#### 9. Creditors: amounts falling due within one year

| 31.12.2024 |  | 31.03.2024
| £ |  | £
Bank loans | 39,090 |  | 32,828
Trade creditors | 27,482 |  | 28,156
Taxation and social security | 36,125 |  | 30,377
Other creditors | 503,253 |  | 522,531
| 605,950 |  | 613,892

#### 10. Creditors: amounts falling due after more than one year

| 31.12.2024 |  | 31.03.2024
| £ |  | £
Bank loans | 206,466 |  | 122,077

There are no amounts included above in respect of which any security has been given by the small entity.

#### 11. Provision for liabilities

| 31.12.2024 |  | 31.03.2024
| £ |  | £
Deferred tax | 33,652 |  | 28,654

#### 12. Deferred tax

| 31.12.2024 |  | 31.03.2024
| £ |  | £
At the beginning of financial period/year | ( 28,654) |  | ( 22,526)
Charged to the Statement of Income and Retained Earnings | ( 4,998) |  | ( 6,128)
At the end of financial period/year | ( 33,652) |  | ( 28,654)

#### 13. Called-up share capital

| 31.12.2024 |  | 31.03.2024
| £ |  | £
Allotted, called-up and fully-paid |  |  |
2 Ordinary shares of £ 1.00 each | 2 |  | 2