Energytek (Yorkshire) Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 04261033 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH SEPTEMBER 2018

FOR

ENERGYTEK (YORKSHIRE) LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Report of the Accountants

8

DIRECTORS:

A J Shipley

Mrs A Shipley

SECRETARY:

Mrs A Shipley

REGISTERED OFFICE:

Moor Farm

Sheriff Hutton Bridge

Strensall

York

YO32 5TX

REGISTERED NUMBER:

04261033 (England and Wales)

ACCOUNTANTS:

Parker Hartley & Co

2 Waverley Street

The Groves

York

YO31 7QZ

BANKERS:

National Westminster Bank plc

York City Branch

1 Market Street

York

YO1 9YH

FIXED ASSETS

Tangible assets

4

49,836

61,858

CURRENT ASSETS

Stocks

5

719,294

461,293

Debtors

6

72,036

27,766

Cash at bank

51,720

134,356

843,050

623,415

CREDITORS

Amounts falling due within one year

7

471,248

129,661

NET CURRENT ASSETS

371,802

493,754

TOTAL ASSETS LESS CURRENT LIABILITIES

421,638

555,612

CREDITORS

Amounts falling due after more than one year

8

(8,877

)

(15,029

)

PROVISIONS FOR LIABILITIES

(5,284

)

(7,045

)

NET ASSETS

407,477

533,538

CAPITAL AND RESERVES

Called up share capital

2

2

Capital redemption reserve

2

2

Retained earnings

407,473

533,534

SHAREHOLDERS' FUNDS

407,477

533,538

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th September 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th September 2018 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 of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 19th June 2019 and were signed on its behalf by:

A J Shipley - Director

Mrs A Shipley - Director

1.	STATUTORY INFORMATION

Energytek (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.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Improvements to property

-

5% on cost

Fixtures and fittings

-

33% on reducing balance

Motor vehicles

-

25% on reducing balance

The Directors have assessed the expected value of the horse at the end of its economic useful life and feel that this will be

approximately of similar value to original cost.

Stocks

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

items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire

purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over

their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the

future payments is treated as a liability.

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 7 (2017 - 7 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Plant and

and

Motor

property

machinery

fittings

vehicles

Totals

£

£

£

£

£

COST

At 1st October 2017

and 30th September 2018

55,063

38,689

28,888

91,657

214,297

DEPRECIATION

At 1st October 2017

30,283

22,215

28,888

71,053

152,439

Charge for year

2,753

4,118

-

5,151

12,022

At 30th September 2018

33,036

26,333

28,888

76,204

164,461

NET BOOK VALUE

At 30th September 2018

22,027

12,356

-

15,453

49,836

At 30th September 2017

24,780

16,474

-

20,604

61,858

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

At 1st October 2017

and 30th September 2018

28,233

DEPRECIATION

At 1st October 2017

12,352

Charge for year

3,970

At 30th September 2018

16,322

NET BOOK VALUE

At 30th September 2018

11,911

At 30th September 2017

15,881

5.

STOCKS

2018

2017

£

£

Stocks & work in progress

719,294

461,293

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade debtors

70,086

14,438

VAT

-

9,078

Prepayments

1,950

4,250

72,036

27,766

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Hire purchase contracts

6,153

6,153

Trade creditors

41,363

111,394

Social security and other taxes

15,685

6,506

Directors' current accounts

404,000

-

Accruals

4,047

5,608

471,248

129,661

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2018

2017

£

£

Hire purchase contracts

8,877

15,029

9.	SECURED DEBTS

The following secured debts are included within creditors:

2018

2017

£

£

Hire purchase contracts

15,030

21,182

Bank loans and overdrafts are secured over the assets of the company and guaranteed by the participators of the company.

Hire purchase creditors are secured over the assets they relate to.

10.	RELATED PARTY DISCLOSURES

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited

financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet.

Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are

not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 30th September 2018 set out on pages three to nine and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

Parker Hartley & Co

2 Waverley Street

The Groves

York

YO31 7QZ

19th June 2019