2022-10-01 SC101434 2023-09-30 SC101434 2022-10-01 2023-09-30 SC101434 uk-bus:RegisteredOffice 2022-10-01 2023-09-30 SC101434 uk-bus:Director1 2022-10-01 2023-09-30 SC101434 uk-bus:Director1 2023-09-30 SC101434 uk-bus:Director2 2022-10-01 2023-09-30 SC101434 uk-bus:Director2 2023-09-30 SC101434 uk-bus:CompanySecretary1 2022-10-01 2023-09-30 SC101434 2022-09-30 SC101434 2021-10-01 2022-09-30 SC101434 uk-core:WithinOneYear 2022-09-30 SC101434 uk-core:WithinOneYear 2023-09-30 SC101434 uk-core:ShareCapital 2023-09-30 SC101434 uk-core:ShareCapital 2022-09-30 SC101434 uk-core:RetainedEarningsAccumulatedLosses 2023-09-30 SC101434 uk-core:RetainedEarningsAccumulatedLosses 2022-09-30 SC101434 uk-core:Land 2022-10-01 2023-09-30 SC101434 uk-core:PlantMachinery 2022-10-01 2023-09-30 SC101434 uk-core:MotorVehicles 2022-10-01 2023-09-30 SC101434 uk-core:MotorVehicles 2022-09-30 SC101434 uk-core:PlantMachinery 2022-09-30 SC101434 uk-core:Land 2022-09-30 SC101434 uk-core:Land 2023-09-30 SC101434 uk-core:PlantMachinery 2023-09-30 SC101434 uk-core:MotorVehicles 2023-09-30 SC101434 uk-core:CostValuation 2022-09-30 SC101434 uk-core:CostValuation uk-core:Non-currentFinancialInstruments 2022-09-30 SC101434 uk-core:CostValuation uk-core:Non-currentFinancialInstruments 2023-09-30 SC101434 uk-core:CostValuation 2023-09-30 SC101434 uk-core:Non-currentFinancialInstruments 2023-09-30 SC101434 uk-core:Non-currentFinancialInstruments 2022-09-30 iso4217:GBP xbrli:pure SC101434 uk-bus:AuditExempt-NoAccountantsReport 2022-10-01 2023-09-30 SC101434 uk-bus:FRS102 2022-10-01 2023-09-30 SC101434 uk-bus:FullAccounts 2022-10-01 2023-09-30 SC101434 uk-bus:PrivateLimitedCompanyLtd 2022-10-01 2023-09-30
United Supplies Limited
Registered Number:SC101434
For the year ended 30 September 2023
Scotland
Report of the Directors and Unaudited Financial Statements
2
For the year ended 30 September 2023
United Supplies Limited
Contents Page
Company Information
1
2
Directors' Report
3
Income Statement
4
Statement of Financial Position
5 to 8
Notes to the Financial Statements
3
For the year ended 30 September 2023
United Supplies Limited
Company Information
Ian W. Strachan
Directors
Jonathan I. Strachan
Ian W.Strachan
Company Secretary
SC101434
Registered Number
United House
Registered Office
6 Regent Road
Aberdeen
AB11 5NS
Bank of Scotland
Bankers
Queens Cross Branch
39 Albyn Place
Aberdeen
Burness Paull
Solicitors
Union Plaza
1 Union Wynd
Aberdeen
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4
For the year ended 30 September 2023
United Supplies Limited
Directors' Report
The directors present their report and accounts for the year ended 30 September 2023.
Principal activities
The Company's principal activities are the provision of offshore and onshore supplies, bonded warehousing and archive storage.
Directors
The director who served the company throughout the year was as follows:
Ian W. Strachan
Jonathan I. Strachan
Ian W.Strachan Secretary
Signed on behalf of the board of directors
This report has been prepared in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006.
Date:
11 October 2023
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5
For the year ended 30 September 2023
United Supplies Limited
Income Statement
2022
£
2023
£
Notes
Turnover
2,923,913
2,747,693
(1,998,104)
Cost of sales
(2,140,422)
749,589
Gross profit
783,491
Administrative expenses
(531,234)
(488,571)
Operating profit
252,257
261,018
Other interest receivable and similar income
12,153
-
264,410
261,018
Profit before taxation
(61,013)
(51,440)
Taxation
2
203,397
Profit for the financial year
209,578
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6
Registered Number :
SC101434
As at 30 September 2023
United Supplies Limited
Statement of Financial Position
£
£
2022
2023
Notes
Fixed assets
Property, plant and equipment
242,384
252,526
4
Financial assets
2
2
5
242,386
252,528
Current assets
Inventories
76,260
70,905
6
Trade and other receivables
201,816
219,885
7
1,015,028
Cash and cash equivalents
1,118,203
1,408,993
1,293,104
Trade and other payables: amounts falling due within one
year
(470,551)
(472,901)
8
822,553
936,092
Net current assets
Total assets less current liabilities
1,178,478
1,075,081
1,178,478
Net assets
1,075,081
Capital and reserves
Called up share capital
100,000
100,000
Retained earnings
1,078,478
975,081
1,178,478
1,075,081
Shareholders' funds
For the year ended 30 September 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 of its financial statements for the year ended 30 September 2023 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section
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 in accordance with the provisions applicable to companies subject to the small companies regime.
Ian W. Strachan
These financial statements were approved and authorised for issue by the Board on 11 October 2023 and were signed by:
The notes form part of these financial statements
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For the year ended 30 September 2023
United Supplies Limited
Notes to the Financial Statements
Statutory Information
United Supplies Limited is a private limited company, limited by shares, domiciled in Scotland, registration number
SC101434.
Registered address:
United House
6 Regent Road
Aberdeen
AB11 5NS
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
The financial statements have been prepared under the historical costs convention in accordance with applicable
accounting standards.
Revenue recognition
In the opinion of the Directors, turnover, stated net of vat and discounts, and profits are derived from the provision of offshore and onshore supplies, bonded warehousing and archive storage in the UK.
Property, plant and equipment
Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Freehold buildings
2% Straight line
Plant & office equipment
20% Straight line
25% Straight line
Motor vehicles
Inventories
Inventories are value at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
2. Taxation
2022
£
The taxation charge is based on the taxable profit for the year and
comprises:
£
2023
UK taxation
UK corporation tax
61,013
51,440
Tax on profit on ordinary activities
61,013
51,440
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8
For the year ended 30 September 2023
United Supplies Limited
Notes to the Financial Statements Continued
3. Dividends
2022
2023
£
£
Dividend on equity instruments:
Paid in the year
(100,000)
(130,000)
4. Property, plant and equipment
Total
Motor vehicles
Plant & office
equipment
Freehold
buildings
£
£
£
£
Cost or
valuation
At 01 October 2022
491,236
65,737
135,499
290,000
At 30 September 2023
290,000
135,499
65,737
491,236
Provision for depreciation and impairment
At 01 October 2022
238,710
58,425
115,885
64,400
Charge for year
10,142
2,438
4,904
2,800
At 30 September 2023
248,852
60,863
120,789
67,200
At 30 September 2023
Net book value
222,800
14,710
4,874
242,384
At 30 September 2022
225,600
19,614
7,312
252,526
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9
For the year ended 30 September 2023
United Supplies Limited
Notes to the Financial Statements Continued
5. Investments held as fixed assets
Shares in group and participating interests
Total
At 01 October 2022
2
2
Cost
£
£
At 30 September 2023
2
2
At 30 September 2023
Net book value
2
2
At 01 October 2022
2
2
This represents 100% of the ordinary and deferred shares of Grovelaw Limited which is registered in Scotland. The
company is dormant and has not traded during the year.
The share capital and reserves of Grovelaw Limited at 30th September 2023 were £ 40,000. ( 2022 - £ 40,000).
The company has taken advantage of the exemption granted under S405 (2) of the Companies Act 2006 to prepare
consolidated accounts, as inclusion of the above subsidiary company is not material for the purpose of giving a true
and fair view. The financial statements present information about the company as an individual undertaking and not
as a group.
6. Inventories
2022
2023
£
£
Stocks
70,905
76,260
7. Trade and other receivables
2022
2023
£
£
Trade debtors
219,885
201,816
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For the year ended 30 September 2023
United Supplies Limited
Notes to the Financial Statements Continued
8. Trade and other payables: amounts falling due within one year
2022
2023
£
£
Trade creditors
296,764
306,724
Amounts owed to group undertaking and undertaking in which the
company has a participating interest
40,000
40,000
Taxation and social security
128,937
117,067
Other creditors
7,200
6,760
472,901
470,551
9. Average number of persons employed
(2022 : 11)11During the year the average number of employees was 11. In the previous year, the average number of employees was 11.
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