Energytek (Yorkshire) Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 04261033

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 30TH SEPTEMBER 2015

FOR

ENERGYTEK (YORKSHIRE) LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

Report of the Accountants

6

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

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

2

58,591

89,099

CURRENT ASSETS

Stocks

1,102,798

587,446

Debtors

106,947

267,201

Cash at bank

188,384

644,470

1,398,129

1,499,117

CREDITORS

Amounts falling due within one year

626,455

313,618

NET CURRENT ASSETS

771,674

1,185,499

TOTAL ASSETS LESS CURRENT LIABILITIES

830,265

1,274,598

PROVISIONS FOR LIABILITIES

5,661

6,765

NET ASSETS

824,604

1,267,833

CAPITAL AND RESERVES

Called up share capital

3

2

4

Capital redemption reserve

2

-

Profit and loss account

824,600

1,267,829

SHAREHOLDERS' FUNDS

824,604

1,267,833

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th September 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th September 2015 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 16th June 2016 and were signed on its behalf by:

A J Shipley - Director

Mrs A Shipley - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Tangible fixed assets

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

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.

Deferred tax

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

sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1st October 2014

224,992

Disposals

(24,167

)

At 30th September 2015

200,825

DEPRECIATION

At 1st October 2014

135,893

Charge for year

12,383

Eliminated on disposal

(6,042

)

At 30th September 2015

142,234

NET BOOK VALUE

At 30th September 2015

58,591

At 30th September 2014

89,099

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

£

2

Ordinary

£1

2

4

(2014 - 4 )

4.	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, from which the unaudited abbreviated accounts (set out on pages two to five)

have been prepared.

As described on the balance sheet you are responsible for the preparation of the financial statements for the year ended 30th September 2015 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

16th June 2016