Caseware UK (AP4) 2022.0.179 2022.0.179 2022-12-312022-12-3131false2022-01-01No description of principal activity37truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 08328707 2022-01-01 2022-12-31 08328707 2021-01-01 2021-12-31 08328707 2022-12-31 08328707 2021-12-31 08328707 c:Director2 2022-01-01 2022-12-31 08328707 d:Buildings d:LongLeaseholdAssets 2022-01-01 2022-12-31 08328707 d:Buildings d:LongLeaseholdAssets 2022-12-31 08328707 d:Buildings d:LongLeaseholdAssets 2021-12-31 08328707 d:PlantMachinery 2022-01-01 2022-12-31 08328707 d:PlantMachinery 2022-12-31 08328707 d:PlantMachinery 2021-12-31 08328707 d:PlantMachinery d:OwnedOrFreeholdAssets 2022-01-01 2022-12-31 08328707 d:MotorVehicles 2022-01-01 2022-12-31 08328707 d:MotorVehicles 2022-12-31 08328707 d:MotorVehicles 2021-12-31 08328707 d:MotorVehicles d:OwnedOrFreeholdAssets 2022-01-01 2022-12-31 08328707 d:OfficeEquipment 2022-01-01 2022-12-31 08328707 d:OfficeEquipment 2022-12-31 08328707 d:OfficeEquipment 2021-12-31 08328707 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-01-01 2022-12-31 08328707 d:ComputerEquipment 2022-01-01 2022-12-31 08328707 d:ComputerEquipment 2022-12-31 08328707 d:ComputerEquipment 2021-12-31 08328707 d:ComputerEquipment d:OwnedOrFreeholdAssets 2022-01-01 2022-12-31 08328707 d:OwnedOrFreeholdAssets 2022-01-01 2022-12-31 08328707 d:DevelopmentCostsCapitalisedDevelopmentExpenditure 2022-12-31 08328707 d:DevelopmentCostsCapitalisedDevelopmentExpenditure 2021-12-31 08328707 d:Goodwill 2022-01-01 2022-12-31 08328707 d:Goodwill 2022-12-31 08328707 d:Goodwill 2021-12-31 08328707 d:ComputerSoftware 2022-12-31 08328707 d:ComputerSoftware 2021-12-31 08328707 d:CurrentFinancialInstruments 2022-12-31 08328707 d:CurrentFinancialInstruments 2021-12-31 08328707 d:Non-currentFinancialInstruments 2022-12-31 08328707 d:Non-currentFinancialInstruments 2021-12-31 08328707 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 08328707 d:CurrentFinancialInstruments d:WithinOneYear 2021-12-31 08328707 d:Non-currentFinancialInstruments d:AfterOneYear 2022-12-31 08328707 d:Non-currentFinancialInstruments d:AfterOneYear 2021-12-31 08328707 d:ShareCapital 2022-12-31 08328707 d:ShareCapital 2021-12-31 08328707 d:RetainedEarningsAccumulatedLosses 2022-12-31 08328707 d:RetainedEarningsAccumulatedLosses 2021-12-31 08328707 c:OrdinaryShareClass1 2022-01-01 2022-12-31 08328707 c:OrdinaryShareClass1 2022-12-31 08328707 c:OrdinaryShareClass1 2021-12-31 08328707 c:OrdinaryShareClass2 2022-01-01 2022-12-31 08328707 c:OrdinaryShareClass2 2022-12-31 08328707 c:OrdinaryShareClass2 2021-12-31 08328707 c:FRS102 2022-01-01 2022-12-31 08328707 c:AuditExempt-NoAccountantsReport 2022-01-01 2022-12-31 08328707 c:FullAccounts 2022-01-01 2022-12-31 08328707 c:PrivateLimitedCompanyLtd 2022-01-01 2022-12-31 08328707 d:HirePurchaseContracts d:WithinOneYear 2022-12-31 08328707 d:HirePurchaseContracts d:WithinOneYear 2021-12-31 08328707 d:HirePurchaseContracts d:BetweenOneFiveYears 2022-12-31 08328707 d:HirePurchaseContracts d:BetweenOneFiveYears 2021-12-31 08328707 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2022-12-31 08328707 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2021-12-31 08328707 d:LeasedAssetsHeldAsLessee 2022-12-31 08328707 d:LeasedAssetsHeldAsLessee 2021-12-31 08328707 d:Goodwill d:OwnedIntangibleAssets 2022-01-01 2022-12-31 08328707 d:DevelopmentCostsCapitalisedDevelopmentExpenditure d:OwnedIntangibleAssets 2022-01-01 2022-12-31 08328707 d:ComputerSoftware d:OwnedIntangibleAssets 2022-01-01 2022-12-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 08328707










UHS GROUP LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2022



 
UHS GROUP LIMITED
REGISTERED NUMBER: 08328707

BALANCE SHEET
AS AT 31 DECEMBER 2022

2022
2021
Note
£
£

Fixed assets
  

Intangible assets
 4 
1
6,404

Tangible assets
 5 
96,697
132,862

  
96,698
139,266

  

Stocks
 6 
1,851,180
1,536,611

Debtors: amounts falling due within one year
 7 
1,194,294
1,465,684

Cash at bank and in hand
  
138,849
564,170

  
3,184,323
3,566,465

Current liabilities
  

Creditors: amounts falling due within one year
 8 
(2,865,785)
(2,520,297)

Net current assets
  
 
 
318,538
 
 
1,046,168

Total assets less current liabilities
  
415,236
1,185,434

Creditors: amounts falling due after more than one year
 9 
-
(11,233)

  

Net assets
  
415,236
1,174,201


Capital and reserves
  

Called up share capital 
 11 
200
200

Profit and loss account
  
415,036
1,174,001

  
415,236
1,174,201


Page 1

 
UHS GROUP LIMITED
REGISTERED NUMBER: 08328707

BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2022

The Directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The Directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 

L Markham
Director

Date: 8 November 2023

The notes on pages 3 to 10 form part of these financial statements.

Page 2

 
UHS GROUP LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

1.


General information

UHS Group Limited is a private company limited by share capital and incorporated in England and Wales. The address of the registered office is 177 Brook Drive, Milton Park, Abingdon, Oxfordshire, OX14 4SD.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The financial statements are rounded to the nearest whole pound Sterling.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

 
2.3

Intangible assets

Goodwill

Goodwill represents the difference between amounts paid on the cost of a business combination and the acquirer’s interest in the fair value of its identifiable assets and liabilities of the acquiree at the date of acquisition. Subsequent to initial recognition, goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight-line basis to the Statement of Comprehensive Income over its useful economic life.

Other intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 
2.4

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 3

 
UHS GROUP LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

2.Accounting policies (continued)


2.4
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives. 

Depreciation is provided on the following basis:

Short-term leasehold property
-
20%
straight line
Plant and machinery
-
20%
straight line
Motor vehicles
-
25%
straight line
Office equipment
-
20%
straight line
Computer equipment
-
33%
straight line

 
2.5

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a standard cost basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.6

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.7

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.8

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

 
2.9

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Company's Balance Sheet when the Company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried
Page 4

 
UHS GROUP LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

2.Accounting policies (continued)


2.9
Financial instruments (continued)

at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

 
2.10

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

 
2.11

Research and development

In the research phase of an internal project it is not possible to demonstrate that the project will generate future economic benefits and hence all expenditure on research shall be recognised as an expense when it is incurred. Intangible assets are recognised from the development phase of a project if and only if certain specific criteria are met in order to demonstrate the asset will generate probable future economic benefits and that its cost can be reliably measured. The capitalised development costs are subsequently amortised on a straight-line basis over their useful economic lives, which range from 3 to 6 years.
If it is not possible to distinguish between the research phase and the development phase of an internal project, the expenditure is treated as if it were all incurred in the research phase only.

 
2.12

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the Statement of Comprehensive Income in the same period as the related expenditure.

Page 5

 
UHS GROUP LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

2.Accounting policies (continued)

 
2.13

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

  
2.14

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substaintively enacted by the balance sheet date in the countries where the Company operates and generates income.


3.


Employees

The average monthly number of employees, including directors, during the year was 37 (2021 - 31).

Page 6

 
UHS GROUP LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

4.


Intangible assets




Software
Website
Goodwill
Total

£
£
£
£



Cost


At 1 January 2022
7,965
149,117
711
157,793



At 31 December 2022

7,965
149,117
711
157,793



Amortisation


At 1 January 2022
4,812
145,867
710
151,389


Charge for the year on owned assets
3,153
3,250
-
6,403



At 31 December 2022

7,965
149,117
710
157,792



Net book value



At 31 December 2022
-
-
1
1



At 31 December 2021
3,153
3,250
1
6,404



Page 7

 
UHS GROUP LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

5.


Tangible fixed assets





Short-term leasehold property
Plant and machinery
Motor vehicles
Office equipment
Computer equipment
Total

£
£
£
£
£
£



Cost or valuation


At 1 January 2022
119,298
81,872
60,727
149,020
-
410,917


Additions
4,760
2,250
-
2,394
29,030
38,434


Transfers between classes
-
-
-
(21,074)
21,074
-



At 31 December 2022

124,058
84,122
60,727
130,340
50,104
449,351



Depreciation


At 1 January 2022
41,224
78,999
32,645
125,187
-
278,055


Charge for the year on owned assets
37,703
1,082
12,482
9,407
13,925
74,599


Transfers between classes
-
-
-
(7,207)
7,207
-



At 31 December 2022

78,927
80,081
45,127
127,387
21,132
352,654



Net book value



At 31 December 2022
45,131
4,041
15,600
2,953
28,972
96,697



At 31 December 2021
78,074
2,873
28,082
23,833
-
132,862

The net book value of assets held under finance leases or hire purchase contracts, included above, are as follows:


2022
2021
£
£



Motor vehicles
15,600
28,080

15,600
28,080


6.


Stocks

2022
2021
£
£

Work in progress (goods to be sold)
659,039
-

Finished goods and goods for resale
1,192,141
1,536,611

1,851,180
1,536,611


Page 8

 
UHS GROUP LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

7.


Debtors

2022
2021
£
£


Trade debtors
1,018,945
1,252,066

Other debtors
33,478
118,622

Prepayments and accrued income
141,871
94,996

1,194,294
1,465,684



8.


Creditors: amounts falling due within one year

2022
2021
£
£

Trade creditors
1,028,193
1,072,440

Other taxation and social security
232,501
225,319

Obligations under finance lease and hire purchase contracts
11,233
16,850

Other creditors
1,390,406
1,070,830

Accruals and deferred income
203,452
134,858

2,865,785
2,520,297



9.


Creditors: amounts falling due after more than one year

2022
2021
£
£

Net obligations under finance leases and hire purchase contracts
-
11,233

-
11,233



10.


Hire purchase and finance leases


Minimum lease payments under hire purchase fall due as follows:

2022
2021
£
£


Within one year
11,233
16,850

Between 1-5 years
-
11,233

11,233
28,083

Page 9

 
UHS GROUP LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

11.


Share capital

2022
2021
£
£
Allotted, called up and fully paid



100 (2021 - 100) Ordinary shares of £1.00 each
100
100
100 (2021 - 100) B Ordinary shares of £1.00 each
100
100

200

200



12.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £26,495 (2021 - £9,218). Contributions totalling £7,116 (2021 - £3,994) were payable to the fund at the balance sheet date and are included in creditors.


13.


Related party transactions

At the year end the Company owed related parties by common directorship £947,339 (2021: £1,055,262) included within other creditors. 
At the year end the Company was owed £25,078 (2021: £24,971) by related parties by common directorship included within other debtors. 


14.


Controlling party

It is the opinion of the directors that the ultimate controlling party is The Trading House Trust. 


Page 10