Energytek (Yorkshire) Limited - Accounts to registrar - small 17.1.1

REGISTERED NUMBER: 04261033 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH SEPTEMBER 2016

FOR

ENERGYTEK (YORKSHIRE) LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Report of the Accountants

7

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

69,868

58,591

CURRENT ASSETS

Stocks

5

298,057

1,102,798

Debtors

6

129,262

106,947

Cash at bank

330,417

188,384

757,736

1,398,129

CREDITORS

Amounts falling due within one year

7

78,681

626,455

NET CURRENT ASSETS

679,055

771,674

TOTAL ASSETS LESS CURRENT LIABILITIES

748,923

830,265

CREDITORS

Amounts falling due after more than one year

8

(21,264

)

-

PROVISIONS FOR LIABILITIES

(8,467

)

(5,661

)

NET ASSETS

719,192

824,604

CAPITAL AND RESERVES

Called up share capital

2

2

Capital redemption reserve

2

2

Retained earnings

719,188

824,600

SHAREHOLDERS' FUNDS

719,192

824,604

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th September 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th September 2016 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 13th June 2017 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" 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.

Deferred tax

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

sheet date.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 .

4.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Plant and

and

Motor

property

machinery

fittings

vehicles

Totals

£

£

£

£

£

COST

At 1st October 2015

55,063

28,950

28,888

87,924

200,825

Additions

-

-

-

28,233

28,233

At 30th September 2016

55,063

28,950

28,888

116,157

229,058

DEPRECIATION

At 1st October 2015

24,777

12,666

28,199

76,592

142,234

Charge for year

2,753

4,071

240

9,892

16,956

At 30th September 2016

27,530

16,737

28,439

86,484

159,190

NET BOOK VALUE

At 30th September 2016

27,533

12,213

449

29,673

69,868

At 30th September 2015

30,286

16,284

689

11,332

58,591

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

Motor

vehicles

£

COST

Additions

28,233

At 30th September 2016

28,233

DEPRECIATION

Charge for year

7,058

At 30th September 2016

7,058

NET BOOK VALUE

At 30th September 2016

21,175

5.

STOCKS

2016

2015

£

£

Stocks & work in progress

298,057

1,102,798

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2016

2015

£

£

Trade debtors

92,016

64,714

Tax

-

22,409

VAT

36,196

17,774

Prepayments

1,050

2,050

129,262

106,947

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2016

2015

£

£

Hire purchase contracts

6,153

-

Trade creditors

54,662

70,765

Social security and other taxes

13,977

7,370

Directors' current accounts

-

540,000

Accruals

3,889

8,320

78,681

626,455

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2016

2015

£

£

Hire purchase contracts

21,264

-

9.	SECURED DEBTS

The following secured debts are included within creditors:

2016

2015

£

£

Hire purchase contracts

27,417

-

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 and members 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 2016 set out on pages to 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

13th June 2017