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REGISTERED NUMBER: 04817824 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

FOR

UNICARD LTD

UNICARD LTD (REGISTERED NUMBER: 04817824)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


UNICARD LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2022







DIRECTORS: Mr P L Verrept
Mr S Dickinson





REGISTERED OFFICE: Peartree Business Centre
Cobham Road
Ferndown
Wimborne
Dorset
BH21 7PT





REGISTERED NUMBER: 04817824 (England and Wales)





ACCOUNTANTS: Newton Magnus
Chartered Certified Accountants
Arrowsmith Court
Station Approach
Broadstone
Dorset
BH18 8AT

UNICARD LTD (REGISTERED NUMBER: 04817824)

ABRIDGED BALANCE SHEET
31 DECEMBER 2022

2022 2021
Notes £    £   
FIXED ASSETS
Intangible assets 4 318,000 477,000
Tangible assets 5 35,526 48,291
Investments 6 2,286 2,286
355,812 527,577

CURRENT ASSETS
Stocks 184,860 155,235
Debtors 1,837,604 701,328
Cash at bank 144,213 1,303,593
2,166,677 2,160,156
CREDITORS
Amounts falling due within one year (1,412,708 ) (1,548,278 )
NET CURRENT ASSETS 753,969 611,878
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,109,781

1,139,455

CREDITORS
Amounts falling due after more than
one year

-

(100,000

)

PROVISIONS FOR LIABILITIES (9,809 ) (9,809 )
NET ASSETS 1,099,972 1,029,646

UNICARD LTD (REGISTERED NUMBER: 04817824)

ABRIDGED BALANCE SHEET - continued
31 DECEMBER 2022

2022 2021
Notes £    £   
CAPITAL AND RESERVES
Called up share capital 4 4
Retained earnings 1,099,968 1,029,642
SHAREHOLDERS' FUNDS 1,099,972 1,029,646

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2022 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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 December 2022 in accordance with Section 444(2A) of the Companies Act 2006.

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 and authorised for issue on 30 September 2023 and were signed on its behalf by:





Mr P L Verrept - Director


UNICARD LTD (REGISTERED NUMBER: 04817824)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

1. STATUTORY INFORMATION

Unicard Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 represents the value of goods and services supplied during the year, excluding value added tax.

Intangible fixed assets
Amortisation is provided at the following annual rates in order to write off the asset over its estimated useful life.

Development costs 2020 and 2021
Will be amortised evenly over its useful life of 3 years commencing this year.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance
Computer equipment - 33% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.


UNICARD LTD (REGISTERED NUMBER: 04817824)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2022

2. ACCOUNTING POLICIES - continued
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.

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 36 (2021 - 36 ) .

UNICARD LTD (REGISTERED NUMBER: 04817824)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2022

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 January 2022
and 31 December 2022 1,019,199
AMORTISATION
At 1 January 2022 542,199
Amortisation for year 159,000
At 31 December 2022 701,199
NET BOOK VALUE

At 31 December 2022 318,000
At 31 December 2021 477,000

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 January 2022 431,177
Additions 25,409
At 31 December 2022 456,586
DEPRECIATION
At 1 January 2022 382,886
Charge for year 38,174
At 31 December 2022 421,060
NET BOOK VALUE
At 31 December 2022 35,526
At 31 December 2021 48,291

UNICARD LTD (REGISTERED NUMBER: 04817824)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2022

6. FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:
Totals
£   
COST
At 1 January 2022
and 31 December 2022 2,286
NET BOOK VALUE
At 31 December 2022 2,286
At 31 December 2021 2,286

In 2018 Unicard Ltd purchased 100% shareholding in Unicorn Systems, Bulgaria . The market value at 31 December 2022 is considered to be the purchase cost of £2,286.00

7. RELATED PARTY DISCLOSURES

The company is controlled by Mr P L Verrept.

Unicard Ltd owns 50 shares ( 100% shareholding) in Unicorn, a company incorporated in Bulgaria.Unicorn provided services during the year to the value of £1,510,000 (2021 £1,099,000). Mr P L Verrept is the sole director.

Euclid Ltd, a company incorporated in England, is a 25% shareholder of Unicard Ltd. During the year Euclid provided services to the company to the value of £106,837 ( 2021 £94,137 ) during the year Unicard Ltd made sales to Euclid Ltd totalling £709,584.71 (2021 £1,334,969 ).