Registered number
SC525812
UDUL RETAIL LTD
Filleted Accounts
28 February 2023
UDUL RETAIL LTD
Registered number: SC525812
Balance Sheet
as at 28 February 2023
Notes 2023 2022
£ £
Fixed assets
Intangible assets 3 - 30,000
Tangible assets 4 121,212 92,009
121,212 122,009
Current assets
Cash at bank and in hand 1,444 3,004
Creditors: amounts falling due within one year 5 (3,180) (5,547)
Net current assets/(liabilities) (1,736) (2,543)
Total assets less current liabilities 119,476 119,466
Creditors: amounts falling due after more than one year 6 (139,233) (141,173)
Net assets/(liabilities) (19,757) (21,707)
Capital and reserves
Called up share capital 100 100
Profit and loss account (19,857) (21,807)
Shareholders' funds (19,757) (21,707)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr Misbah Sharif
Director
Approved by the board on 23 November 2023
UDUL RETAIL LTD
Notes to the Accounts
for the year ended 28 February 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fixtures, fittings, tools and equipment 10% Reducing balance method
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 2 2
3 Intangible fixed assets £
Goodwill:
Cost
At 1 March 2022 30,000
Disposals (30,000)
At 28 February 2023 -
4 Tangible fixed assets
Land and buildings Fixture & fittings Total
£ £ £
Cost
At 1 March 2022 84,038 15,000 99,038
Additions 30,000 - 30,000
At 28 February 2023 114,038 15,000 129,038
Depreciation
At 1 March 2022 - 7,029 7,029
Charge for the year - 797 797
At 28 February 2023 - 7,826 7,826
Net book value
At 28 February 2023 114,038 7,174 121,212
At 28 February 2022 84,038 7,971 92,009
5 Creditors: amounts falling due within one year 2023 2022
£ £
Taxation and social security costs - 2,967
Other creditors 3,180 2,580
3,180 5,547
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 115,919 128,226
Director's loan account 23,314 12,947
139,233 141,173
UDUL RETAIL LTD SC525812 false 2022-03-01 2023-02-28 2023-02-28 VT Final Accounts April 2022 Mr Misbah Sharif No description of principal activity SC525812 2021-03-01 2022-02-28 SC525812 core:WithinOneYear 2022-02-28 SC525812 core:AfterOneYear 2022-02-28 SC525812 core:ShareCapital 2022-02-28 SC525812 core:RetainedEarningsAccumulatedLosses 2022-02-28 SC525812 2022-03-01 2023-02-28 SC525812 bus:PrivateLimitedCompanyLtd 2022-03-01 2023-02-28 SC525812 bus:AuditExemptWithAccountantsReport 2022-03-01 2023-02-28 SC525812 bus:Director40 2022-03-01 2023-02-28 SC525812 2 2022-03-01 2023-02-28 SC525812 core:Goodwill 2022-03-01 2023-02-28 SC525812 core:LandBuildings 2022-03-01 2023-02-28 SC525812 core:PlantMachinery 2022-03-01 2023-02-28 SC525812 bus:FRS102 2022-03-01 2023-02-28 SC525812 bus:FullAccounts 2022-03-01 2023-02-28 SC525812 2023-02-28 SC525812 core:WithinOneYear 2023-02-28 SC525812 core:AfterOneYear 2023-02-28 SC525812 core:ShareCapital 2023-02-28 SC525812 core:RetainedEarningsAccumulatedLosses 2023-02-28 SC525812 core:Goodwill 2023-02-28 SC525812 core:LandBuildings 2023-02-28 SC525812 core:PlantMachinery 2023-02-28 SC525812 2022-02-28 SC525812 core:Goodwill 2022-02-28 SC525812 core:LandBuildings 2022-02-28 SC525812 core:PlantMachinery 2022-02-28 iso4217:GBP xbrli:pure