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REGISTERED NUMBER: 09055971 (England and Wales)














UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

FOR

UNIVERSAL FREIGHT SOLUTIONS LIMITED

UNIVERSAL FREIGHT SOLUTIONS LIMITED (REGISTERED NUMBER: 09055971)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


UNIVERSAL FREIGHT SOLUTIONS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTOR: D Dudley





REGISTERED OFFICE: Unit 1
Radclyffe Park
Pheobe Street
Salford
Manchester
M5 3PH





REGISTERED NUMBER: 09055971 (England and Wales)





ACCOUNTANTS: C A Hunter Limited
Britannia Chambers
26 George Street
St Helens
Merseyside
WA10 1BZ

UNIVERSAL FREIGHT SOLUTIONS LIMITED (REGISTERED NUMBER: 09055971)

BALANCE SHEET
31 MARCH 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 17,600 19,200
Tangible assets 5 43,354 31,087
60,954 50,287

CURRENT ASSETS
Stocks 9,039 12,000
Debtors 6 32,237 35,108
Cash at bank and in hand 75,380 81,076
116,656 128,184
CREDITORS
Amounts falling due within one year 7 82,067 82,052
NET CURRENT ASSETS 34,589 46,132
TOTAL ASSETS LESS CURRENT
LIABILITIES

95,543

96,419

CREDITORS
Amounts falling due after more than one year 8 (47,493 ) (58,028 )

PROVISIONS FOR LIABILITIES (7,384 ) (4,153 )
NET ASSETS 40,666 34,238

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 40,566 34,138
SHAREHOLDERS' FUNDS 40,666 34,238

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

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

UNIVERSAL FREIGHT SOLUTIONS LIMITED (REGISTERED NUMBER: 09055971)

BALANCE SHEET - continued
31 MARCH 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 3 October 2023 and were signed by:





D Dudley - Director


UNIVERSAL FREIGHT SOLUTIONS LIMITED (REGISTERED NUMBER: 09055971)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1. STATUTORY INFORMATION

Universal Freight Solutions 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.

Turnover
Turnover represents net invoiced sales of goods and services, excluding value added tax.

Amortisation of franchise costs
The Franchise costs are being amortised over its estimated useful economic life. This is anticipated to be a 20 year period.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Leasehold improvements - in accordance with the property
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 15% on reducing balance
Computer equipment - 50% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 6 (2022 - 6 ) .

UNIVERSAL FREIGHT SOLUTIONS LIMITED (REGISTERED NUMBER: 09055971)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

4. INTANGIBLE FIXED ASSETS
Franchise
costs
£   
COST
At 1 April 2022
and 31 March 2023 32,000
AMORTISATION
At 1 April 2022 12,800
Amortisation for year 1,600
At 31 March 2023 14,400
NET BOOK VALUE
At 31 March 2023 17,600
At 31 March 2022 19,200

5. TANGIBLE FIXED ASSETS
Fixtures
Leasehold Plant and and
improvements machinery fittings
£    £    £   
COST
At 1 April 2022 33,945 5,567 10,340
Additions - 105 2,290
Disposals - - -
At 31 March 2023 33,945 5,672 12,630
DEPRECIATION
At 1 April 2022 25,458 2,898 3,980
Charge for year 3,395 676 971
Eliminated on disposal - - -
At 31 March 2023 28,853 3,574 4,951
NET BOOK VALUE
At 31 March 2023 5,092 2,098 7,679
At 31 March 2022 8,487 2,669 6,360

UNIVERSAL FREIGHT SOLUTIONS LIMITED (REGISTERED NUMBER: 09055971)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

5. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 April 2022 22,278 7,485 79,615
Additions 30,937 1,624 34,956
Disposals (25,165 ) - (25,165 )
At 31 March 2023 28,050 9,109 89,406
DEPRECIATION
At 1 April 2022 10,110 6,082 48,528
Charge for year 3,397 1,477 9,916
Eliminated on disposal (12,392 ) - (12,392 )
At 31 March 2023 1,115 7,559 46,052
NET BOOK VALUE
At 31 March 2023 26,935 1,550 43,354
At 31 March 2022 12,168 1,403 31,087

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 4,715 13,338
Other debtors 27,522 21,770
32,237 35,108

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans and overdrafts 16,950 16,950
Hire purchase contracts 4,203 4,013
Trade creditors 50,329 42,406
Taxation and social security 7,235 13,403
Other creditors 3,350 5,280
82,067 82,052

UNIVERSAL FREIGHT SOLUTIONS LIMITED (REGISTERED NUMBER: 09055971)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.23 31.3.22
£    £   
Bank loans 31,383 51,993
Hire purchase contracts 16,110 6,035
47,493 58,028

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal - 2,709

9. SECURED DEBTS

The following secured debts are included within creditors:

31.3.23 31.3.22
£    £   
Bank loans 16,623 27,233

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

There was a directors' loan balance owing to the company of £5,249 at the balance sheet date.