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REGISTERED NUMBER: 03245161 (England and Wales)



















UNITED INTERNATIONAL TRADING LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023






UNITED INTERNATIONAL TRADING LIMITED (REGISTERED NUMBER: 03245161)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 6


UNITED INTERNATIONAL TRADING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTOR: Mr A Grossman





SECRETARY: Mrs B Grossman





REGISTERED OFFICE: 44 Theydon Road
London
E5 9NA





REGISTERED NUMBER: 03245161 (England and Wales)





ACCOUNTANTS: Sugarwhite Meyer Accountants Ltd
First Floor
94 Stamford Hill
London
N16 6XS

UNITED INTERNATIONAL TRADING LIMITED (REGISTERED NUMBER: 03245161)

BALANCE SHEET
31 MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 - 62

CURRENT ASSETS
Stocks 6 7,500 13,000
Debtors 7 925,977 919,760
Cash at bank 431 484
933,908 933,244
CREDITORS
Amounts falling due within one year 8 1,190,165 1,161,690
NET CURRENT LIABILITIES (256,257 ) (228,446 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(256,257

)

(228,384

)

CREDITORS
Amounts falling due after more than one
year

9

20,485

25,333
NET LIABILITIES (276,742 ) (253,717 )

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings (277,742 ) (254,717 )
(276,742 ) (253,717 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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.

UNITED INTERNATIONAL TRADING LIMITED (REGISTERED NUMBER: 03245161)

BALANCE SHEET - continued
31 MARCH 2023


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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 28 March 2024 and were signed by:





Mr A Grossman - Director


UNITED INTERNATIONAL TRADING LIMITED (REGISTERED NUMBER: 03245161)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1. STATUTORY INFORMATION

United International Trading Limited 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.

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
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 the cost less estimated residual value of each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance
Office equipment - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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

Current 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 balance sheet date.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Going concern
The financial statements have been prepared in accordance with the accounting principles appropriate to a going concern notwithstanding the deficiency in net assets at the balance sheet date. The director considers this to be appropriate having regard to the continued provision of financial support by the company's director and creditors.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - 3 ).

UNITED INTERNATIONAL TRADING LIMITED (REGISTERED NUMBER: 03245161)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

5. TANGIBLE FIXED ASSETS
Fixtures
and Office
fittings equipment Totals
£    £    £   
COST
At 1 April 2022
and 31 March 2023 28,298 6,390 34,688
DEPRECIATION
At 1 April 2022 28,267 6,359 34,626
Charge for year 31 31 62
At 31 March 2023 28,298 6,390 34,688
NET BOOK VALUE
At 31 March 2023 - - -
At 31 March 2022 31 31 62

6. STOCKS
2023 2022
£    £   
Stocks 7,500 13,000

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 63,083 95,357
Other debtors 862,894 824,403
925,977 919,760

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 5,561 8,000
Trade creditors 71,030 67,541
Taxation and social security 71 1,645
Other creditors 1,113,503 1,084,504
1,190,165 1,161,690

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 20,485 25,333

UNITED INTERNATIONAL TRADING LIMITED (REGISTERED NUMBER: 03245161)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

10. RELATED PARTY DISCLOSURES

Included in other debtors are amounts aggregating £659,791 (2022: £615,334) due from related companies under common control.

Included in other creditors are amounts aggregating £904,649 (2022: £737,457) due to related companies under common control.