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Registered Number: 14107456
England and Wales

 

 

 

UA BRANDS LTD


Abridged Accounts
 


Period of accounts

Start date: 14 May 2022

End date: 31 May 2023
 
 
Notes
 
2023
£
Fixed assets    
Tangible fixed assets 3 1,291 
1,291 
Current assets    
Stocks 29,014 
Debtors 2,920 
Cash at bank and in hand 3,803 
35,737 
Creditors: amount falling due within one year (59,047)
Net current liabilities (23,310)
 
Total assets less current liabilities (22,019)
Net liabilities (22,019)
 

Capital and reserves
   
Profit and loss account (22,019)
Shareholder's funds (22,019)
 


For the period ended 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:
  1. The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476.
  2. The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of Part 15 of the Companies Act 2006. In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the director on 12 February 2024 and were signed by:


-------------------------------
Aman Azeem
Director
1
General Information
UA BRANDS LTD is a private company, limited by shares, registered in England and Wales, registration number 14107456, registration address 3 DRUMMOND ROAD, BIRMINGHAM, B9 5XJ.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Going concern basis
The directors believe that the company is experiencing good levels of sales growth and profitability, and that it is well placed to manage its business risks successfully. Accordingly, they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Computer Equipment 25% Straight Line
Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
2.

Average number of employees

Average number of employees during the period was 2.
3.

Tangible fixed assets

Cost or valuation Computer Equipment   Total
  £   £
At 14 May 2022  
Additions 1,721    1,721 
Disposals  
At 31 May 2023 1,721    1,721 
Depreciation
At 14 May 2022  
Charge for period 430    430 
On disposals  
At 31 May 2023 430    430 
Net book values
Closing balance as at 31 May 2023 1,291    1,291 
Opening balance as at 14 May 2022  


4.

Share Capital

Allotted, called up and fully paid
2023
£
100 Class A shares of £1.00 each 100 
100 

2