Unit 8 Solutions Ltd 14514418 false 2022-11-29 2023-05-31 2023-05-31 The principal activity of the company is Renting and leasing of plant and machinery Digita Accounts Production Advanced 6.30.9574.0 true true 14514418 2022-11-29 2023-05-31 14514418 2023-05-31 14514418 bus:Director1 1 2023-05-31 14514418 core:CurrentFinancialInstruments 2023-05-31 14514418 core:CurrentFinancialInstruments core:WithinOneYear 2023-05-31 14514418 core:PlantMachinery 2023-05-31 14514418 bus:SmallEntities 2022-11-29 2023-05-31 14514418 bus:AuditExemptWithAccountantsReport 2022-11-29 2023-05-31 14514418 bus:FullAccounts 2022-11-29 2023-05-31 14514418 bus:SmallCompaniesRegimeForAccounts 2022-11-29 2023-05-31 14514418 bus:RegisteredOffice 2022-11-29 2023-05-31 14514418 bus:Director1 2022-11-29 2023-05-31 14514418 bus:Director1 1 2022-11-29 2023-05-31 14514418 bus:PrivateLimitedCompanyLtd 2022-11-29 2023-05-31 14514418 core:PlantMachinery 2022-11-29 2023-05-31 14514418 countries:EnglandWales 2022-11-29 2023-05-31 14514418 bus:Director1 1 2022-11-28 iso4217:GBP xbrli:pure

Registration number: 14514418

Unit 8 Solutions Ltd

Unaudited Filleted Financial Statements

for the Period from 29 November 2022 to 31 May 2023

 

Unit 8 Solutions Ltd

Contents

Balance Sheet

1

Notes to the Unaudited Financial Statements

2 to 5

 

Unit 8 Solutions Ltd

(Registration number: 14514418)
Balance Sheet as at 31 May 2023

Note

2023
£

Fixed assets

 

Tangible assets

4

451,587

Current assets

 

Debtors

5

200

Cash at bank and in hand

 

5,350

 

5,550

Creditors: Amounts falling due within one year

6

(449,631)

Net current liabilities

 

(444,081)

Net assets

 

7,506

Capital and reserves

 

Called up share capital

100

Retained earnings

7,406

Shareholders' funds

 

7,506

For the financial period ending 31 May 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 8 November 2023
 

.........................................
Mr Charles Atholl Dew-Jones
Director

 

Unit 8 Solutions Ltd

Notes to the Unaudited Financial Statements for the Period from 29 November 2022 to 31 May 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Unit 8 The Woodford Centre
Lysander Way
Old Sarum
Salisbury
Wiltshire
SP4 6BU
England

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

 

Unit 8 Solutions Ltd

Notes to the Unaudited Financial Statements for the Period from 29 November 2022 to 31 May 2023

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including the director) during the period, was 1.

 

Unit 8 Solutions Ltd

Notes to the Unaudited Financial Statements for the Period from 29 November 2022 to 31 May 2023

4

Tangible assets

Plant and machinery
£

Total
£

Cost or valuation

Additions

463,000

463,000

At 31 May 2023

463,000

463,000

Depreciation

Charge for the period

11,413

11,413

At 31 May 2023

11,413

11,413

Carrying amount

At 31 May 2023

451,587

451,587

5

Debtors

Current

2023
£

Other debtors

200

6

Creditors

Creditors: amounts falling due within one year

2023
£

Due within one year

Trade creditors

292,631

Other creditors

157,000

449,631

 

Unit 8 Solutions Ltd

Notes to the Unaudited Financial Statements for the Period from 29 November 2022 to 31 May 2023

7

Related party transactions

Transactions with the director

2023

At 29 November 2022
£

Repayments by director
£

At 31 May 2023
£

Mr Charles Atholl Dew-Jones

-

(156,000)

(156,000)