UNITY TECH SHOP LTD

Company Registration Number:
10289770 (England and Wales)

Unaudited statutory accounts for the year ended 31 December 2023

Period of accounts

Start date: 1 January 2023

End date: 31 December 2023

UNITY TECH SHOP LTD

Contents of the Financial Statements

for the Period Ended 31 December 2023

Profit and loss
Balance sheet
Additional notes
Balance sheet notes

UNITY TECH SHOP LTD

Profit And Loss Account

for the Period Ended 31 December 2023

2023 2022


£

£
Turnover: 72,382 47,276
Cost of sales: ( 23,767 ) ( 23,564 )
Gross profit(or loss): 48,615 23,712
Administrative expenses: ( 409 ) ( 5,859 )
Operating profit(or loss): 48,206 17,853
Interest payable and similar charges: ( 16,673 ) ( 17,692 )
Profit(or loss) before tax: 31,533 161
Tax: 6,335 5,277
Profit(or loss) for the financial year: 37,868 5,438

UNITY TECH SHOP LTD

Balance sheet

As at 31 December 2023

Notes 2023 2022


£

£
Fixed assets
Intangible assets: 3 89,484 30,000
Investments: 4 30,200 30,200
Total fixed assets: 119,684 60,200
Current assets
Stocks: 5 28,001 862
Debtors: 6 66,062 137,614
Cash at bank and in hand: 21,196 3,577
Total current assets: 115,259 142,053
Creditors: amounts falling due within one year: 7 ( 119,201 ) ( 79,154 )
Net current assets (liabilities): (3,942) 62,899
Total assets less current liabilities: 115,742 123,099
Creditors: amounts falling due after more than one year: 8 ( 49,824 ) ( 120,749 )
Total net assets (liabilities): 65,918 2,350
Capital and reserves
Called up share capital: 30,300 30,300
Other reserves: 35,710 10,010
Profit and loss account: (92 ) (37,960 )
Total Shareholders' funds: 65,918 2,350

The notes form part of these financial statements

UNITY TECH SHOP LTD

Balance sheet statements

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

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 5 April 2024
and signed on behalf of the board by:

Name: Simon Scotchbrook
Status: Director

The notes form part of these financial statements

UNITY TECH SHOP LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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 amortisation policy

    Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses. All intangible assets are considered to have a finite useful life, if a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.Amortisation of the company's intangible assets is to be incurred so as to write off the cost, less any estimated residual value over their useful life.

UNITY TECH SHOP LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 1 1

UNITY TECH SHOP LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

3. Intangible assets

Goodwill Other Total
Cost £ £ £
At 1 January 2023 30,000 30,000
Additions 59,484 59,484
Disposals
Revaluations
Transfers
At 31 December 2023 89,484 89,484
Amortisation
At 1 January 2023 0 0
Charge for year 0 0
On disposals
Other adjustments
At 31 December 2023 0 0
Net book value
At 31 December 2023 89,484 89,484
At 31 December 2022 30,000 30,000

UNITY TECH SHOP LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

4. Fixed assets investments note

Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

UNITY TECH SHOP LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

5. Stocks

2023 2022
£ £
Stocks 28,001 862
Total 28,001 862

UNITY TECH SHOP LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

6. Debtors

2023 2022
£ £
Trade debtors 9,771 991
Other debtors 56,291 136,623
Total 66,062 137,614

UNITY TECH SHOP LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

7. Creditors: amounts falling due within one year note

2023 2022
£ £
Bank loans and overdrafts 69,470 58,286
Trade creditors 42,403 15,778
Taxation and social security 2,189 247
Other creditors 5,139 4,843
Total 119,201 79,154

UNITY TECH SHOP LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

8. Creditors: amounts falling due after more than one year note

2023 2022
£ £
Bank loans and overdrafts 49,824 120,749
Total 49,824 120,749