Registered Number:SC101434 |
For the year ended 30 September 2023
Scotland
Report of the Directors and Unaudited Financial Statements
For the year ended 30 September 2023
United Supplies Limited
Contents Page
2
Directors' Report
3
Income Statement
4
Statement of Financial Position
5 to 8
Notes to the Financial Statements
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
United House
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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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.
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
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. |
11 October 2023
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For the year ended 30 September 2023
United Supplies Limited
Income Statement
2022
2023
2,923,913
2,747,693
(1,998,104)
(2,140,422)
749,589
Gross profit
783,491
(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)
2
203,397
Profit for the financial year
209,578
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United Supplies Limited
Statement of Financial Position
2022
2023
Property, plant and equipment |
242,384
252,526
4
2
2
5
242,386
252,528
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
100,000
100,000
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. |
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. |
United House
6 Regent Road
Aberdeen
AB11 5NS
The presentation currency is £ sterling. |
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
Plant & office equipment
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. |
2022
The taxation charge is based on the taxable profit for the year and |
comprises: |
2023
61,013
51,440
Tax on profit on ordinary activities |
61,013
51,440
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For the year ended 30 September 2023
United Supplies Limited
Notes to the Financial Statements Continued
2022
2023
Dividend on equity instruments: |
(100,000)
(130,000)
4. Property, plant and equipment |
Motor vehicles
491,236
65,737
135,499
290,000
290,000
135,499
65,737
491,236
Provision for depreciation and impairment |
238,710
58,425
115,885
64,400
Charge for year
10,142
2,438
4,904
2,800
248,852
60,863
120,789
67,200
222,800
14,710
4,874
242,384
225,600
19,614
7,312
252,526
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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 |
2
2
2
2
2
2
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. |
2022
2023
70,905
76,260
7. Trade and other receivables |
2022
2023
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
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
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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