REGISTERED NUMBER: 07568134 (England and Wales)

Unaudited Financial Statements

For The Year Ended 31st December 2025

for

Yorkshire Heart Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

T Spakouskas

Mrs G E Spakouskas

REGISTERED OFFICE:

4 Old Market Place

Ripon

HG4 1EQ

REGISTERED NUMBER:

07568134 (England and Wales)

ACCOUNTANTS:

F E Metcalfe & Co Limited

Chartered Accountants

4 Old Market Place

Ripon

North Yorkshire

HG4 1EQ

FIXED ASSETS

Intangible assets

4

375

1,875

Tangible assets

5

547,615

434,693

547,990

436,568

CURRENT ASSETS

Stocks

416,469

280,372

Debtors

6

37,099

106,714

Cash at bank and in hand

3,713

23,501

457,281

410,587

CREDITORS

Amounts falling due within one year

7

712,915

605,950

NET CURRENT LIABILITIES

(255,634

)

(195,363

)

TOTAL ASSETS LESS CURRENT LIABILITIES

292,356

241,205

CREDITORS

Amounts falling due after more than one year

8

(204,743

)

(206,466

)

PROVISIONS FOR LIABILITIES

(42,022

)

(33,652

)

NET ASSETS

45,591

1,087

CAPITAL AND RESERVES

Called up share capital

10

2

2

Retained earnings

45,589

1,085

SHAREHOLDERS' FUNDS

45,591

1,087

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15th September 2026 and were signed on its behalf by:

Mrs G E Spakouskas - Director

1.	STATUTORY INFORMATION

Yorkshire Heart 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.

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, as follows:-

- For sale of goods this on the collection or delivery of the goods.

- For the provision of services this is on completion of the service.

- For events and camping bookings, revenue is recognised on the start date of the event or booking.

Revenue from the sale of gift vouchers is not recognised at the point of sale of the voucher. Revenue is instead recognised at the earlier of the exchange of the voucher as payment against a sale of goods or the expiry date of the voucher (which is usually twelve months after purchase).

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Amortisation is provided on all intangible assets at rates to write off the cost or valuation over its expected useful life of 10 years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property

-

not provided

Plant and machinery

-

15% - 25% on reducing balance

Motor vehicles

-

25% on reducing balance

Biological assets

-

25% on reducing balance

Government grants

Government grants in relation to capital expenditure are deferred upon receipt and amortised over the estimated useful life of the associated assets. The estimated useful lives of the assets are based on management's judgement and historical experience with similar assets.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 overheads based on normal levels of activity. 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.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

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 22 (2024 - 16 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1st January 2025

and 31st December 2025

15,000

AMORTISATION

At 1st January 2025

13,125

Charge for year

1,500

At 31st December 2025

14,625

NET BOOK VALUE

At 31st December 2025

375

At 31st December 2024

1,875

5.	TANGIBLE FIXED ASSETS

Freehold

Plant and

Motor

Biological

property

machinery

vehicles

assets

Totals

£

£

£

£

£

COST

At 1st January 2025

257,573

427,886

2,400

-

687,859

Additions

89,362

64,037

2,535

10,185

166,119

Disposals

-

(17,926

)

-

-

(17,926

)

Reclassification/transfer

-

(13,557

)

-

13,557

-

At 31st December 2025

346,935

460,440

4,935

23,742

836,052

DEPRECIATION

At 1st January 2025

-

251,229

1,937

-

253,166

Charge for year

1,117

48,837

750

2,148

52,852

Eliminated on disposal

-

(17,581

)

-

-

(17,581

)

Reclassification/transfer

-

(10,099

)

-

10,099

-

At 31st December 2025

1,117

272,386

2,687

12,247

288,437

NET BOOK VALUE

At 31st December 2025

345,818

188,054

2,248

11,495

547,615

At 31st December 2024

257,573

176,657

463

-

434,693

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Trade debtors

34,939

31,133

Other debtors

2,160

75,581

37,099

106,714

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Bank loans and overdrafts

15,184

(7,530

)

Trade creditors

42,937

27,482

Taxation and social security

35,229

36,125

Other creditors

619,565

549,873

712,915

605,950

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.25

31.12.24

£

£

Bank loans

202,546

206,466

Other creditors

2,197

-

204,743

206,466

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

179,281

-

9.	SECURED DEBTS

The following secured debts are included within creditors:

31.12.25

31.12.24

£

£

Bank loans

215,593

198,936

Bank loans are secured by a fixed and floating charge over the property and assets of the Company.

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.25

31.12.24

value:

£

£

2

Ordinary shares

£1

2

2

11.	RELATED PARTY DISCLOSURES

During the year the directors have made available a loan facility to the company. As at the year end date, the balance owing on the loan was £444,412 (2024: £438,426). No interest is charged on the loan and the loan is repayable on demand.