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REGISTERED NUMBER: 06574061 (England and Wales)






UBU (SUTTON COLDFIELD) LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2023






UBU (SUTTON COLDFIELD) LIMITED (REGISTERED NUMBER: 06574061)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 30 April 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


UBU (SUTTON COLDFIELD) LIMITED

COMPANY INFORMATION
for the year ended 30 April 2023







DIRECTOR: Ms N Reeves





REGISTERED OFFICE: 98 Boldmere Road
Sutton Coldfield
West Midlands
B73 5UB





REGISTERED NUMBER: 06574061 (England and Wales)





ACCOUNTANTS: Weatherer Bailey Bragg
Chartered Accountants
100 Boldmere Road
Sutton Coldfield
West Midlands
B73 5UB

UBU (SUTTON COLDFIELD) LIMITED (REGISTERED NUMBER: 06574061)

BALANCE SHEET
30 April 2023

30/4/23 30/4/22
Notes £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 6,319 7,222
6,319 7,222

CURRENT ASSETS
Stocks 6 3,225 3,200
Debtors 7 5,333 10,540
Cash at bank and in hand 73,674 59,381
82,232 73,121
CREDITORS
Amounts falling due within one year 8 (40,683 ) (41,883 )
NET CURRENT ASSETS 41,549 31,238
TOTAL ASSETS LESS CURRENT
LIABILITIES

47,868

38,460

CREDITORS
Amounts falling due after more than one
year

9

(4,167

)

(6,167

)

PROVISIONS FOR LIABILITIES (222 ) (195 )
NET ASSETS 43,479 32,098

CAPITAL AND RESERVES
Called up share capital 11 100 100
Retained earnings 43,379 31,998
SHAREHOLDERS' FUNDS 43,479 32,098

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

UBU (SUTTON COLDFIELD) LIMITED (REGISTERED NUMBER: 06574061)

BALANCE SHEET - continued
30 April 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

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

The financial statements were approved by the director and authorised for issue on 9 October 2023 and were signed by:





Ms N Reeves - Director


UBU (SUTTON COLDFIELD) LIMITED (REGISTERED NUMBER: 06574061)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 30 April 2023

1. STATUTORY INFORMATION

UBU (Sutton Coldfield) 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.

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 is measured at the fair value of the consideration received or receivable net of VAT and trade discounts. The policies adopted for the recognition of turnover are as follows:

Sale of goods
Turnover from the sale of products is recognised when significant risks and rewards of ownership of the goods have transferred to the buyer, the amount of turnover can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transaction can be measured reliably. This is usually on dispatch of the goods

Rendering of services
Turnover from the provision of services is recognised in the income statement at the time the service is provided.

Goodwill
Goodwill is initially measured at cost. After initial recognition, goodwill is measured at cost less any accumulated amortisation and accumulated impairment losses.

Goodwill being the amount paid in connection with the acquisition of a business in 2009, is being amortised evenly over its estimated useful life of 10 years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Short leasehold - 15% on reducing balance
Fixtures and fittings - 15% on cost

Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Government grants
Government grants are recognised using the accruals model, at the fair value of the asset received or receivable when there is reasonable assurance that the company will comply with conditions attaching to them and the grants will be received.

Local authority government grants have been recognised in the income statement in the period in which they were received.

UBU (SUTTON COLDFIELD) LIMITED (REGISTERED NUMBER: 06574061)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 April 2023

2. ACCOUNTING POLICIES - continued

Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing stock to its present location and condition. Provision is made for damaged, obsolete and slow-moving stock where appropriate.

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.

Foreign currencies
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 rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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 10 (2022 - 12 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 May 2022
and 30 April 2023 25,000
AMORTISATION
At 1 May 2022
and 30 April 2023 25,000
NET BOOK VALUE
At 30 April 2023 -
At 30 April 2022 -

UBU (SUTTON COLDFIELD) LIMITED (REGISTERED NUMBER: 06574061)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 April 2023

5. TANGIBLE FIXED ASSETS
Fixtures
Short and
leasehold fittings Totals
£    £    £   
COST
At 1 May 2022 40,902 30,719 71,621
Additions - 1,178 1,178
At 30 April 2023 40,902 31,897 72,799
DEPRECIATION
At 1 May 2022 36,697 27,702 64,399
Charge for year 631 1,450 2,081
At 30 April 2023 37,328 29,152 66,480
NET BOOK VALUE
At 30 April 2023 3,574 2,745 6,319
At 30 April 2022 4,205 3,017 7,222

6. STOCKS
30/4/23 30/4/22
£    £   
Stocks 3,225 3,200

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/4/23 30/4/22
£    £   
Other debtors 2,779 7,850
Prepayments 2,554 2,690
5,333 10,540

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/4/23 30/4/22
£    £   
Bank loans and overdrafts 2,000 2,000
Trade creditors 2,961 2,641
Corporation tax payable 11,032 17,197
Social security & other taxes 1,538 -
VAT 14,194 13,672
Other creditors 241 139
Directors' loan accounts 1,997 1,769
Accruals 6,720 4,465
40,683 41,883

UBU (SUTTON COLDFIELD) LIMITED (REGISTERED NUMBER: 06574061)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 April 2023

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30/4/23 30/4/22
£    £   
Bank loans - 1-2 years 2,000 2,000
Bank loans - 2-5 years 2,167 4,167
4,167 6,167

10. SECURED DEBTS

The following secured debts are included within creditors:

30/4/23 30/4/22
£    £   
Bank loans 6,167 8,167

The UK Government has provided a guarantee for the bounce back loan should the company default on repayment.

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30/4/23 30/4/22
value: £    £   
100 Ordinary £1 100 100

12. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 April 2023 and 30 April 2022:

30/4/23 30/4/22
£    £   
Ms N Reeves
Balance outstanding at start of year (1,769 ) (5,068 )
Amounts advanced 45,432 69,874
Amounts repaid (45,660 ) (66,575 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (1,997 ) (1,769 )

No interest is charged on loans from directors. Amounts are repayable on demand.