REGISTERED NUMBER: 08182937 (England and Wales)

Unaudited Financial Statements for the Year Ended 30th April 2025

for

Spirit of Yorkshire Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

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

FIXED ASSETS

Tangible assets

4

1,076,850

1,106,921

CURRENT ASSETS

Stocks

5

4,354,129

4,184,907

Debtors

6

275,768

279,126

Cash at bank and in hand

1,437

78,006

4,631,334

4,542,039

CREDITORS

Amounts falling due within one year

7

1,561,468

1,145,189

NET CURRENT ASSETS

3,069,866

3,396,850

TOTAL ASSETS LESS CURRENT LIABILITIES

4,146,716

4,503,771

CREDITORS

Amounts falling due after more than one year

8

(3,298,102

)

(3,393,352

)

PROVISIONS FOR LIABILITIES

(130,629

)

(194,733

)

NET ASSETS

717,985

915,686

CAPITAL AND RESERVES

Called up share capital

1,840

1,840

Share premium

149,960

149,960

Retained earnings

566,185

763,886

SHAREHOLDERS' FUNDS

717,985

915,686

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th April 2025 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.

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 April 2026 and were signed on its behalf by:

T L Mellor - Director

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

Casks - 3% on straight line

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 23 (2024 - 24 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1st May 2024

136,005

1,744,941

1,880,946

Additions

-

72,332

72,332

Disposals

-

(25,012

)

(25,012

)

At 30th April 2025

136,005

1,792,261

1,928,266

DEPRECIATION

At 1st May 2024

66,544

707,481

774,025

Charge for year

6,946

77,115

84,061

Eliminated on disposal

-

(6,670

)

(6,670

)

At 30th April 2025

73,490

777,926

851,416

NET BOOK VALUE

At 30th April 2025

62,515

1,014,335

1,076,850

At 30th April 2024

69,461

1,037,460

1,106,921

5.

STOCKS

2025

2024

£

£

Filled casks

4,035,753

3,803,833

Finished goods

109,344

179,855

Consumables

209,032

201,219

4,354,129

4,184,907

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

182,793

190,282

Other debtors

92,975

88,844

275,768

279,126

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

392,985

239,870

Hire purchase contracts

5,361

5,234

Trade creditors

853,490

552,323

Taxation and social security

12,731

12,591

Other creditors

296,901

335,171

1,561,468

1,145,189

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

3,118,102

3,207,991

Hire purchase contracts

-

5,361

Other creditors

180,000

180,000

3,298,102

3,393,352

9.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank overdrafts

149,881

2,943

Bank loans

3,361,206

3,444,918

3,511,087

3,447,861

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 2025 the company owed it's directors £153,590 (2024 £108,001). This has been shown behind other creditors with in one year £73,590 (2024 £28,001) and other creditors over one year £80,000 (2024 £80,000).

As at 30 April 2025 the company was owed £2,533 from its directors (2024 £248).