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REGISTERED NUMBER: 07010482 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 January 2024

for

UAD Limited
T/A
UAD Engineering

UAD Limited (Registered number: 07010482)
T/A UAD Engineering






Contents of the Financial Statements
for the Year Ended 31 January 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


UAD Limited
T/A UAD Engineering

Company Information
for the Year Ended 31 January 2024







DIRECTORS: Mr J A Hall
Mr D J Hall





REGISTERED OFFICE: Rowan House
7 West Bank
SCARBOROUGH
North Yorkshire
YO12 4DX





REGISTERED NUMBER: 07010482 (England and Wales)





ACCOUNTANTS: Asquith & Co Accountants Limited
Rowan House
7 West Bank
SCARBOROUGH
North Yorkshire
YO12 4DX

UAD Limited (Registered number: 07010482)
T/A UAD Engineering

Balance Sheet
31 January 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 296,744 269,919

CURRENT ASSETS
Stocks 383,662 305,230
Debtors 5 616,789 569,231
Cash at bank and in hand 387,848 379,890
1,388,299 1,254,351
CREDITORS
Amounts falling due within one year 6 218,446 227,055
NET CURRENT ASSETS 1,169,853 1,027,296
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,466,597

1,297,215

CREDITORS
Amounts falling due after more than one
year

7

(10,934

)

(17,011

)

PROVISIONS FOR LIABILITIES (69,956 ) (62,656 )
NET ASSETS 1,385,707 1,217,548

CAPITAL AND RESERVES
Called up share capital 400 400
Revaluation reserve 8 36,197 53,418
Retained earnings 1,349,110 1,163,730
SHAREHOLDERS' FUNDS 1,385,707 1,217,548

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

UAD Limited (Registered number: 07010482)
T/A UAD Engineering

Balance Sheet - continued
31 January 2024


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 12 April 2024 and were signed on its behalf by:




Mr J A Hall - Director



Mr D J Hall - Director


UAD Limited (Registered number: 07010482)
T/A UAD Engineering

Notes to the Financial Statements
for the Year Ended 31 January 2024

1. STATUTORY INFORMATION

UAD 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. ACCOUNTING POLICIES

Basis of preparing the financial statements
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. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

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 each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 33% on cost, 25% on reducing balance, 15% on reducing balance and 5% on cost

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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

Current or deferred 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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

UAD Limited (Registered number: 07010482)
T/A UAD Engineering

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Government grants
Grants are credited to deferred revenue. Grants towards capital expenditure are released to the profit and loss account over the expected useful life of the assets. Grants towards revenue expenditure are released to the profit and loss account as the related expenditure is incurred.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2023 - 13 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST OR VALUATION
At 1 February 2023 550,498
Additions 78,744
At 31 January 2024 629,242
DEPRECIATION
At 1 February 2023 280,579
Charge for year 51,919
At 31 January 2024 332,498
NET BOOK VALUE
At 31 January 2024 296,744
At 31 January 2023 269,919

UAD Limited (Registered number: 07010482)
T/A UAD Engineering

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

4. TANGIBLE FIXED ASSETS - continued

Cost or valuation at 31 January 2024 is represented by:

Plant and
machinery
etc
£   
Valuation in 2022 65,948
Cost 563,294
629,242

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST OR VALUATION
At 1 February 2023 39,850
Additions 25,000
At 31 January 2024 64,850
DEPRECIATION
At 1 February 2023 5,257
Charge for year 8,939
At 31 January 2024 14,196
NET BOOK VALUE
At 31 January 2024 50,654
At 31 January 2023 34,593

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade debtors 344,857 293,216
Other debtors 271,932 276,015
616,789 569,231

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Bank loans and overdrafts 345 6,588
Hire purchase contracts 21,476 7,416
Trade creditors 98,442 100,186
Taxation and social security 84,424 101,904
Other creditors 13,759 10,961
218,446 227,055

UAD Limited (Registered number: 07010482)
T/A UAD Engineering

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.1.24 31.1.23
£    £   
Hire purchase contracts 10,934 17,011

8. RESERVES
Revaluation
reserve
£   
At 1 February 2023 53,418
Fixed asset revaluation reserv (17,221 )

At 31 January 2024 36,197

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 January 2024 and 31 January 2023:

31.1.24 31.1.23
£    £   
Mr D J Hall
Balance outstanding at start of year 16,710 48,489
Amounts advanced 14,950 -
Amounts repaid - (31,779 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 31,660 16,710

Mr J A Hall
Balance outstanding at start of year 18,497 48,489
Amounts advanced 18,163 -
Amounts repaid - (29,992 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 36,660 18,497

10. RELATED PARTY DISCLOSURES

At 31 January 2024 there was an amount owed from Danjam Ltd of £185,102 (2023: £224,035) . The loan is interest-free and there is no date for repayment.