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REGISTERED NUMBER: 10929946 (England and Wales)














UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2022

FOR

UNIT 58 LTD

UNIT 58 LTD (REGISTERED NUMBER: 10929946)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2022




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


UNIT 58 LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2022







DIRECTOR: Mr J O'Farrell





SECRETARY: Ms A K Morriss





REGISTERED OFFICE: 5 Albert Street
London
NW1 7LU





REGISTERED NUMBER: 10929946 (England and Wales)





ACCOUNTANTS: David Simon Limited
Chartered Certified Accountants
5 Jardine House
Harrovian Business Village
Bessborough Road
Harrow
Middlesex
HA1 3EX

UNIT 58 LTD (REGISTERED NUMBER: 10929946)

STATEMENT OF FINANCIAL POSITION
31 AUGUST 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 109,567 119,960

CURRENT ASSETS
Debtors 5 30,443 24,622
Cash at bank and in hand 43,459 37,342
73,902 61,964
CREDITORS
Amounts falling due within one year 6 71,438 79,807
NET CURRENT ASSETS/(LIABILITIES) 2,464 (17,843 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

112,031

102,117

CREDITORS
Amounts falling due after more than one
year

7

74,380

74,379
NET ASSETS 37,651 27,738

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 37,551 27,638
SHAREHOLDERS' FUNDS 37,651 27,738

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2022 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 24 November 2023 and were signed by:





Mr J O'Farrell - Director


UNIT 58 LTD (REGISTERED NUMBER: 10929946)

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

1. STATUTORY INFORMATION

Unit 58 Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on cost, 25% on reducing balance and Straight line over life of lease

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Grants receivable
Business grants are credited to profit and loss account on an accruals basis where it is probable that they will be received.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2021 - NIL).

UNIT 58 LTD (REGISTERED NUMBER: 10929946)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2022

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 September 2021 163,160
Additions 6,994
At 31 August 2022 170,154
DEPRECIATION
At 1 September 2021 43,200
Charge for year 17,387
At 31 August 2022 60,587
NET BOOK VALUE
At 31 August 2022 109,567
At 31 August 2021 119,960

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade debtors 1,433 -
Amounts owed by group undertakings - 1,557
Other debtors 29,010 23,065
30,443 24,622

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade creditors 994 163
Taxation and social security 25,813 32,315
Other creditors 44,631 47,329
71,438 79,807

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2022 2021
£    £   
Other creditors 74,380 74,379

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2022 2021
£    £   
Within one year 45,000 44,000
Between one and five years 180,000 220,000
In more than five years 258,000 264,000
483,000 528,000

The director has given a personal guarantee relating to the lease agreement.

UNIT 58 LTD (REGISTERED NUMBER: 10929946)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2022

9. RELATED PARTY DISCLOSURES

Included in other debtors is an amount of £13,960 (2021: Nil) due from a company in which the directors have a controlling interest.