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Company Registration No. NI008338 (Northern Ireland)
Ulster PVC Limited Unaudited accounts for the year ended 30 April 2023
Ulster PVC Limited Unaudited accounts Contents
Page
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Ulster PVC Limited Company Information for the year ended 30 April 2023
Director
G Hancock
Company Number
NI008338 (Northern Ireland)
Registered Office
Unit A1 Boucher Business Studios Glenmachen Place Belfast BT12 6JB Northern Ireland
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Ulster PVC Limited Statement of financial position as at 30 April 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
87,516 
90,146 
Current assets
Inventories
54,242 
39,368 
Debtors
144,467 
212,908 
Cash at bank and in hand
63,182 
159,567 
261,891 
411,843 
Creditors: amounts falling due within one year
(122,354)
(132,402)
Net current assets
139,537 
279,441 
Total assets less current liabilities
227,053 
369,587 
Creditors: amounts falling due after more than one year
(22,583)
(41,933)
Provisions for liabilities
Deferred tax
(15,668)
(15,463)
Net assets
188,802 
312,191 
Capital and reserves
Called up share capital
25,000 
50,000 
Profit and loss account
163,802 
262,191 
Shareholders' funds
188,802 
312,191 
For the year ending 30 April 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 23 June 2023 and were signed on its behalf by
G Hancock Director Company Registration No. NI008338
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Ulster PVC Limited Notes to the Accounts for the year ended 30 April 2023
1
Statutory information
Ulster PVC Limited is a private company, limited by shares, registered in Northern Ireland, registration number NI008338. The registered office is Unit A1 Boucher Business Studios, Glenmachen Place, Belfast, BT12 6JB, Northern Ireland.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Grants
Grants received in respect of expenditure charged to the profit and loss account during the year, have been included in profit and loss.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
5 - 20% per annum on cost
Motor vehicles
20 % per annum on cost
Stocks
Stocks and work-in-progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax is not provided on timing differences arising from the revaluation of fixed assets where there is no commitment to sell the asset. Deferred tax assets and liabilities are not discounted.
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Ulster PVC Limited Notes to the Accounts for the year ended 30 April 2023
Foreign currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 May 2022
279,946 
16,100 
296,046 
Additions
8,670 
- 
8,670 
At 30 April 2023
288,616 
16,100 
304,716 
Depreciation
At 1 May 2022
191,800 
14,100 
205,900 
Charge for the year
10,900 
400 
11,300 
At 30 April 2023
202,700 
14,500 
217,200 
Net book value
At 30 April 2023
85,916 
1,600 
87,516 
At 30 April 2022
88,146 
2,000 
90,146 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
136,874 
112,508 
Accrued income and prepayments
7,593 
100,400 
144,467 
212,908 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
9,675 
- 
Trade creditors
58,740 
24,193 
Taxes and social security
26,147 
29,019 
Other creditors
27,493 
78,891 
Loans from directors
299 
299 
122,354 
132,402 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
22,583 
41,933 
8
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
25,000 Ordinary shares of £1 each
25,000 
50,000 
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Ulster PVC Limited Notes to the Accounts for the year ended 30 April 2023
9
Average number of employees
During the year the average number of employees was 7 (2022: 7).
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