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REGISTERED NUMBER: 09258224 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 October 2022

for

Utf Drylining Limited

Utf Drylining Limited (Registered number: 09258224)






Contents of the Financial Statements
for the year ended 31 October 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Utf Drylining Limited

Company Information
for the year ended 31 October 2022







DIRECTOR: R Lewis





REGISTERED OFFICE: Mill Barn at Longlands Place
Wenham Road
Washbrook
Ipswich
IP8 3EZ





REGISTERED NUMBER: 09258224 (England and Wales)





ACCOUNTANTS: Simpson Accountancy Limited
Unit 6 Cherrytree Farm
Blackmore End Road
Sible Hedingham
Essex
CO9 3LZ

Utf Drylining Limited (Registered number: 09258224)

Balance Sheet
31 October 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 28,952 43,722

CURRENT ASSETS
Debtors 5 417,798 296,555
Cash at bank - 368
417,798 296,923
CREDITORS
Amounts falling due within one year 6 375,246 270,940
NET CURRENT ASSETS 42,552 25,983
TOTAL ASSETS LESS CURRENT
LIABILITIES

71,504

69,705

CREDITORS
Amounts falling due after more than one
year

7

71,061

80,374
NET ASSETS/(LIABILITIES) 443 (10,669 )

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 8 (557 ) (11,669 )
SHAREHOLDERS' FUNDS 443 (10,669 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2022 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Utf Drylining Limited (Registered number: 09258224)

Balance Sheet - continued
31 October 2022


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 30 June 2023 and were signed by:





R Lewis - Director


Utf Drylining Limited (Registered number: 09258224)

Notes to the Financial Statements
for the year ended 31 October 2022

1. STATUTORY INFORMATION

Utf Drylining 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 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.

These accounts have been prepared on a going concern basis, based on the continued support of the company's directors and creditors.

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.
Plant and machinery etc - 33% on cost

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 3 (2021 - 3 ) .

Utf Drylining Limited (Registered number: 09258224)

Notes to the Financial Statements - continued
for the year ended 31 October 2022

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 November 2021
and 31 October 2022 75,532
DEPRECIATION
At 1 November 2021 31,810
Charge for year 14,770
At 31 October 2022 46,580
NET BOOK VALUE
At 31 October 2022 28,952
At 31 October 2021 43,722

5. DEBTORS
2022 2021
£    £   
Amounts falling due within one year:
Trade debtors 165,160 121,049
Other debtors 211,049 148,385
376,209 269,434

Amounts falling due after more than one year:
Other debtors 41,589 27,121

Aggregate amounts 417,798 296,555

Included in debtors, is £41,589 (2021: £27,121) of S455 income tax deposit on the director's overdrawn loan account. This amount is recoverable nine months after the year end in which the loan is repaid.

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Bank loans and overdrafts 10,018 10,000
Hire purchase contracts 8,704 8,704
Trade creditors 102,525 73,926
Taxation and social security 181,815 109,448
Other creditors 72,184 68,862
375,246 270,940

Utf Drylining Limited (Registered number: 09258224)

Notes to the Financial Statements - continued
for the year ended 31 October 2022

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2022 2021
£    £   
Bank loans 36,058 36,667
Hire purchase contracts 35,003 43,707
71,061 80,374

8. RESERVES
Retained
earnings
£   

At 1 November 2021 (11,669 )
Profit for the year 15,112
Dividends (4,000 )
At 31 October 2022 (557 )

9. RELATED PARTY DISCLOSURES

During the year, total dividends of £4,000 were paid to the director .