IRIS Accounts Production v23.3.0.418 11724790 Board of Directors Board of Directors 1.6.22 31.5.23 31.5.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure117247902022-05-31117247902023-05-31117247902022-06-012023-05-31117247902021-11-30117247902021-12-012022-05-31117247902022-05-3111724790ns16:EnglandWales2022-06-012023-05-3111724790ns15:PoundSterling2022-06-012023-05-3111724790ns11:Director12022-06-012023-05-3111724790ns11:Director22022-06-012023-05-3111724790ns11:PrivateLimitedCompanyLtd2022-06-012023-05-3111724790ns11:SmallEntities2022-06-012023-05-3111724790ns11:AuditExempt-NoAccountantsReport2022-06-012023-05-3111724790ns11:SmallCompaniesRegimeForDirectorsReport2022-06-012023-05-3111724790ns11:SmallCompaniesRegimeForAccounts2022-06-012023-05-3111724790ns11:FullAccounts2022-06-012023-05-3111724790ns11:Director32022-06-012023-05-3111724790ns11:RegisteredOffice2022-06-012023-05-3111724790ns6:CurrentFinancialInstruments2023-05-3111724790ns6:CurrentFinancialInstruments2022-05-3111724790ns6:Non-currentFinancialInstruments2023-05-3111724790ns6:Non-currentFinancialInstruments2022-05-3111724790ns6:ShareCapital2023-05-3111724790ns6:ShareCapital2022-05-3111724790ns6:RetainedEarningsAccumulatedLosses2023-05-3111724790ns6:RetainedEarningsAccumulatedLosses2022-05-3111724790ns6:PlantMachinery2022-06-012023-05-3111724790ns6:FurnitureFittings2022-06-012023-05-3111724790ns6:MotorVehicles2022-06-012023-05-3111724790ns6:ComputerEquipment2022-06-012023-05-3111724790ns6:PlantMachinery2022-05-3111724790ns6:FurnitureFittings2022-05-3111724790ns6:MotorVehicles2022-05-3111724790ns6:ComputerEquipment2022-05-3111724790ns6:PlantMachinery2023-05-3111724790ns6:FurnitureFittings2023-05-3111724790ns6:MotorVehicles2023-05-3111724790ns6:ComputerEquipment2023-05-3111724790ns6:PlantMachinery2022-05-3111724790ns6:FurnitureFittings2022-05-3111724790ns6:MotorVehicles2022-05-3111724790ns6:ComputerEquipment2022-05-3111724790ns6:PlantMachineryns6:LeasedAssetsHeldAsLessee2022-05-3111724790ns6:PlantMachineryns6:LeasedAssetsHeldAsLessee2022-06-012023-05-3111724790ns6:PlantMachineryns6:LeasedAssetsHeldAsLessee2023-05-3111724790ns6:PlantMachineryns6:LeasedAssetsHeldAsLessee2022-05-3111724790ns6:WithinOneYearns6:CurrentFinancialInstruments2023-05-3111724790ns6:WithinOneYearns6:CurrentFinancialInstruments2022-05-31
REGISTERED NUMBER: 11724790 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2023

FOR

UBIQ GROUP LTD

UBIQ GROUP LTD (REGISTERED NUMBER: 11724790)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 May 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


UBIQ GROUP LTD

COMPANY INFORMATION
for the Year Ended 31 May 2023







DIRECTORS: S Alcock
J Holland
R Knapper





REGISTERED OFFICE: Unit 13 Emerald Way
Stone Business Park
Stone
Staffordshire
ST15 0SR





REGISTERED NUMBER: 11724790 (England and Wales)

UBIQ GROUP LTD (REGISTERED NUMBER: 11724790)

BALANCE SHEET
31 May 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 128,318 89,777

CURRENT ASSETS
Debtors 5 275,760 201,927
Cash at bank and in hand 489,894 199,853
765,654 401,780
CREDITORS
Amounts falling due within one year 6 303,428 210,429
NET CURRENT ASSETS 462,226 191,351
TOTAL ASSETS LESS CURRENT LIABILITIES 590,544 281,128

CREDITORS
Amounts falling due after more than one year 7 (62,109 ) (69,030 )

PROVISIONS FOR LIABILITIES (24,380 ) -
NET ASSETS 504,055 212,098

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 503,955 211,998
504,055 212,098

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2023 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.

UBIQ GROUP LTD (REGISTERED NUMBER: 11724790)

BALANCE SHEET - continued
31 May 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 Board of Directors and authorised for issue on 30 September 2023 and were signed on its behalf by:




S Alcock - Director



J Holland - Director


UBIQ GROUP LTD (REGISTERED NUMBER: 11724790)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 May 2023

1. STATUTORY INFORMATION

UBIQ Group 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 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.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - Straight line over 3 years

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
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.

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

UBIQ GROUP LTD (REGISTERED NUMBER: 11724790)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 May 2023

2. ACCOUNTING POLICIES - continued

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 14 (2022 - 9 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 June 2022 21,109 295 95,826 8,561 125,791
Additions - 1,037 96,181 364 97,582
Disposals - - (54,193 ) - (54,193 )
At 31 May 2023 21,109 1,332 137,814 8,925 169,180
DEPRECIATION
At 1 June 2022 8,522 12 21,748 5,732 36,014
Charge for year 3,148 248 17,559 2,347 23,302
Eliminated on disposal - - (18,454 ) - (18,454 )
At 31 May 2023 11,670 260 20,853 8,079 40,862
NET BOOK VALUE
At 31 May 2023 9,439 1,072 116,961 846 128,318
At 31 May 2022 12,587 283 74,078 2,829 89,777

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

Plant and
machinery
etc
£   
COST
At 1 June 2022 53,128
Additions 27,888
At 31 May 2023 81,016
DEPRECIATION
At 1 June 2022 3,294
Charge for year 14,204
At 31 May 2023 17,498
NET BOOK VALUE
At 31 May 2023 63,518
At 31 May 2022 49,834

UBIQ GROUP LTD (REGISTERED NUMBER: 11724790)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 May 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 272,830 114,848
Amounts recoverable on contract - 84,250
Other debtors 2,930 2,829
275,760 201,927

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts 17,689 10,259
Trade creditors 1,150 12,415
Taxation and social security 269,088 172,671
Other creditors 5,501 5,084
303,428 210,429

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 20,000 30,000
Hire purchase contracts 42,109 39,030
62,109 69,030