Unit 94 Limited 12677776 false 2022-09-01 2023-08-31 2023-08-31 The principal activity of the company is that of retail sales of goods in specialised stores, via mail order or via internet. Digita Accounts Production Advanced 6.30.9574.0 true 12677776 2022-09-01 2023-08-31 12677776 2023-08-31 12677776 bus:OrdinaryShareClass1 2023-08-31 12677776 bus:Original 2023-08-31 12677776 core:RetainedEarningsAccumulatedLosses 2023-08-31 12677776 core:ShareCapital 2023-08-31 12677776 core:CurrentFinancialInstruments 2023-08-31 12677776 core:CurrentFinancialInstruments core:WithinOneYear 2023-08-31 12677776 core:PlantMachinery 2023-08-31 12677776 bus:SmallEntities 2022-09-01 2023-08-31 12677776 bus:AuditExemptWithAccountantsReport 2022-09-01 2023-08-31 12677776 bus:FullAccounts 2022-09-01 2023-08-31 12677776 bus:SmallCompaniesRegimeForAccounts 2022-09-01 2023-08-31 12677776 bus:RegisteredOffice 2022-09-01 2023-08-31 12677776 bus:Director1 2022-09-01 2023-08-31 12677776 bus:Director2 2022-09-01 2023-08-31 12677776 bus:OrdinaryShareClass1 2022-09-01 2023-08-31 12677776 bus:PrivateLimitedCompanyLtd 2022-09-01 2023-08-31 12677776 core:PlantMachinery 2022-09-01 2023-08-31 12677776 countries:AllCountries 2022-09-01 2023-08-31 12677776 2022-08-31 12677776 core:PlantMachinery 2022-08-31 12677776 2021-07-01 2022-08-31 12677776 2022-08-31 12677776 bus:OrdinaryShareClass1 2022-08-31 12677776 core:RetainedEarningsAccumulatedLosses 2022-08-31 12677776 core:ShareCapital 2022-08-31 12677776 core:CurrentFinancialInstruments 2022-08-31 12677776 core:CurrentFinancialInstruments core:WithinOneYear 2022-08-31 12677776 core:PlantMachinery 2022-08-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 12677776

Unit 94 Limited

Annual Report and Unaudited Abridged Financial Statements

for the Year Ended 31 August 2023

 

Unit 94 Limited

Contents

Company Information

1

Abridged Balance Sheet

2 to 3

Notes to the Unaudited Abridged Financial Statements

4 to 5

 

Unit 94 Limited

Company Information

Directors

Philip James Reid

Amy Lethbridge

Registered office

94 High Street
Tunbridge Wells
TN1 1YF

Accountants

Ross + Partners
Chartered Certified Accountants
Suite 1B1 Argyle House
Northside
Joel Street
Northwood Hills
HA6 1NW

 

Unit 94 Limited

(Registration number: 12677776)
Abridged Balance Sheet as at 31 August 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

3

537

4,059

Current assets

 

Stocks

6,127

7,922

Debtors

1,146

2,248

Cash at bank and in hand

 

10,836

5,003

 

18,109

15,173

Creditors: Amounts falling due within one year

(33,256)

(39,155)

Net current liabilities

 

(15,147)

(23,982)

Net liabilities

 

(14,610)

(19,923)

Capital and reserves

 

Called up share capital

100

100

Retained earnings

(14,710)

(20,023)

Shareholders' deficit

 

(14,610)

(19,923)

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

Directors' responsibilities:

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

The directors acknowledge their 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.

All of the company’s members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

 

Unit 94 Limited

(Registration number: 12677776)
Abridged Balance Sheet as at 31 August 2023

Approved and authorised by the Board on 7 February 2024 and signed on its behalf by:
 

.........................................
Philip James Reid
Director

.........................................
Amy Lethbridge
Director

 

Unit 94 Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 August 2023

1

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 abridged 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 abridged 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.

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.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

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:

Asset class

Depreciation method and rate

Plant and machinery

33% straight line

Stocks

stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are 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.

 

Unit 94 Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 August 2023

2

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 4 (2022 - 3).

3

Tangible assets

Plant and machinery
£

Total
£

Cost or valuation

At 1 September 2022

9,000

9,000

At 31 August 2023

9,000

9,000

Depreciation

At 1 September 2022

4,941

4,941

Charge for the year

3,522

3,522

At 31 August 2023

8,463

8,463

Carrying amount

At 31 August 2023

537

537

At 31 August 2022

4,059

4,059

4

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

Ordinary shares of £1 each

100

100

100

100