Yorkshire Hose & Fittings Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—6

1. General Information

Yorkshire Hose & Fittings Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 05659456 . The registered office is Westbury Court, Church Road, Westbury-on-Trym, Bristol, BS9 3EF.

The principal place of business is Suite K, Market Hall, Chesterfield, S40 1AR.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Going Concern Disclosure

The directors have identified material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern, however, the going concern basis remains appropriate.

2.3. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.4. Intangible Fixed Assets and Amortisation - Goodwill

Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to the profit and loss account over its estimated economic life of 10 years.

2.5. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery	25% Reducing balance
Computer Equipment	25% Reducing balance

2.6. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

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Yorkshire Hose & Fittings Ltd

Notes to the Financial Statements (continued)

For the Period 31 December 2023 to 31 December 2024

2.7. Taxation

Income tax expense represents the sum of the tax currently payable.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

2.8. Pensions

The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.

3. Average Number of Employees

Average number of employees during the period was: 1 (2023: 1)

4. Intangible Assets

	Goodwill
	£
Cost
As at 31 December 2023	30,000

As at 31 December 2024	30,000

Amortisation
As at 31 December 2023	30,000

As at 31 December 2024	30,000

Net Book Value
As at 31 December 2024	-

As at 31 December 2023	-

5. Tangible Assets

	Plant & Machinery	Computer Equipment	Total
	£	£	£
Cost
As at 31 December 2023	170	483	653
Additions	-	70	70

As at 31 December 2024	170	553	723

Depreciation
As at 31 December 2023	140	212	352
Provided during the period	8	85	93

As at 31 December 2024	148	297	445

...CONTINUED

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Yorkshire Hose & Fittings Ltd

Notes to the Financial Statements (continued)

For the Period 31 December 2023 to 31 December 2024

Net Book Value
As at 31 December 2024	22	256	278

As at 31 December 2023	30	271	301

6. Stocks

	31 December 2024	30 December 2023
	£	£
Stock	11,500	8,000

7. Debtors

	31 December 2024	30 December 2023
	£	£
Due within one year
Trade debtors	3,448	3,682
Other debtors	2,098	120

	5,546	3,802

8. Creditors: Amounts Falling Due Within One Year

	31 December 2024	30 December 2023
	£	£
Trade creditors	46	14,323
Other creditors	6,709	4,231
Taxation and social security	2,665	2,220

	9,420	20,774

9. Creditors: Amounts Falling Due After More Than One Year

	31 December 2024	30 December 2023
	£	£
Amounts owed to group undertakings	25,000	-

10. Share Capital

	31 December 2024	30 December 2023
	£	£
Allotted, Called up and fully paid	500	500

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Yorkshire Hose & Fittings Ltd

Notes to the Financial Statements (continued)

For the Period 31 December 2023 to 31 December 2024

11. Related Party Transactions

The company has taken advantage of the exemptions provided by FRS 102 Section 1A in relation to paragraph 33.1A from disclosing transactions and balances with other group companies.

12. Ultimate Controlling Party

The company's immediate parent undertaking is Hydroscand Ltd and the ultimate parent undertaking is Hydroscand Group AB. Hydroscand Group AB is incorporated in Sweden.

Copies of the group accounts may be obtained from the secretary,

Hydroscand Group AB

Box 401

SE-128 06 Skondal

Sweden

The ultimate controlling party is Bjorn Holmstrom by virtue of his shareholding in the ultimate parent company.

13. Audit Information

The auditor's report on the accounts of Yorkshire Hose & Fittings Ltd for the period ended 31 December 2024 contained a disclaimer of opininon.

The basis of qualification in the auditor's report was as follows:

The Company did not maintain adequate accounting records as required by applicable financial reporting standards. As a result, we were unable to obtain sufficient appropriate audit evidence regarding significant balances and transactions included in the financial statements.

Specifically, accounting records supporting revenue, cost of sales, trade receivables, trade payables, inventories, and cash balances were incomplete or unavailable for our examination. Consequently, we were unable to perform audit procedures necessary to determine whether any adjustments might have been necessary to these balances and the related elements of the statement of financial position, statement of profit or loss, and statement of changes in equity.

Because of the significance of the matters described above, we were unable to obtain sufficient appropriate audit evidence to provide a basis for an audit opinion.

The matters required to report by exception are stated below:

Arising from the limitation of our work referred to above:

we have not obtained all the information and explanations that we considered necessary for the purpose of our audit;
returns adequate for our audit have not been received from branches not visited by us; and
we were unable to determine whether adequate accounting records have been kept.

The auditor's report was signed by David Alan Oakensen FCA (Senior Statutory Auditor) for and on behalf of Oakensen (Bristol) Limited , Statutory Auditor.

Oakensen (Bristol) Limited

Westbury Court Church Road

Westbury-on-Trym

Bristol

BS9 3EF

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		31 December 2024		30 December 2023
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	5		278		301

			278		301
CURRENT ASSETS
Stocks	6	11,500		8,000
Debtors	7	5,546		3,802
Cash at bank and in hand		5,926		339

		22,972		12,141
Creditors: Amounts Falling Due Within One Year	8	(9,420 )		(20,774 )

NET CURRENT ASSETS (LIABILITIES)			13,552		(8,633 )

TOTAL ASSETS LESS CURRENT LIABILITIES			13,830		(8,332 )

Creditors: Amounts Falling Due After More Than One Year	9		(25,000 )		-

NET LIABILITIES			(11,170 )		(8,332 )

CAPITAL AND RESERVES
Called up share capital	10		500		500
Profit and Loss Account			(11,670 )		(8,832 )

SHAREHOLDERS' FUNDS			(11,170)		(8,332)