Unit Construction Ltd
Data not obtained from trial balance AutoHide is on
Enter data in the white spaces Enter numbers as + unless indicated Current year Comparative
Units (eg £ or £000) £ include a trailing space
Company registration number NI628453
Date
Approval date of the accounts by the board 13/06/2023
Date
Date of signing on the audit/accountants report 13/06/2023
Date of engagement letter (required for Date
CA and ACCA reports)
Person signing directors' report:
Name of director
Or, name of secretary Bronagh Marron
Name of director signing balance sheet Stephen Marron
Address of registered office:
Address line 1 26 Glassmullin Gardens
Address line 2 Belfast
City or town BT11 8NJ
County or region
Postcode
Name of senior statutory auditor
Name of auditors/accountants H Downey and Company
Type of firm (eg Chartered Accountants) Incorporated Financial Accounts
Address of auditors/accountants
Address line 1 65 Eglantine Avenue
Address line 2 Belfast
City or town
County or region County Antrim
Postcode BT9 6EW
Prior year adjustments (+ for a gain; - for a loss) £
Correction of prior year errors
Effect of retrospective changes in accounting policies
More info on prior year adjustments
Number Number
Average number of persons employed by the company 2 2
Freehold land & buildings if
revalued amounts shown in trial balance: £ £
historical cost
cumulative depreciation based on cost
Historical cost of fixed asset investments £ £
Investments in subsidiaries
Other investments
£ £
Amounts due after more than one year included in debtors
Amounts included in creditors falling due for payment
after more than five years: £ £
Payable otherwise than by installment
Payable by installment
£ £
Secured bank loans included in creditors
Capital commitments: £ £
contracted
Total future payments due under non-cancellable £ £
operating leases
Registered number
NI628453
Unit Construction Ltd
Filleted Accounts
5 April 2023
Unit Construction Ltd
Registered number: NI628453
Balance Sheet
as at 5 April 2023
Notes 2023 2022
£ £
Fixed assets
Intangible assets 10,000 10,000
Tangible assets 12,102 16,135
22,102 26,135
Current assets
Cash at bank and in hand 100,627 208,940
Creditors: amounts falling due within one year 3 (36,505) (31,706)
Net current assets 111,586 177,234
Total assets less current liabilities 133,688 203,369
Creditors: amounts falling due after more than one year 4 (93,972) (122,876)
Net assets 39,716 80,493
Capital and reserves
Called up share capital 3 3
Profit and loss account 39,713 80,490
Shareholders' funds 39,716 80,493
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Stephen Marron
Director
Approved by the board on 13 June 2023
Unit Construction Ltd
Notes to the Accounts
for the year ended 5 April 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
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
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Investments
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.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Leased assets
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 2 2
3 Creditors: amounts falling due within one year 2023 2022
£ £
Taxation and social security costs 9,620 3,934
Other creditors 26,885 27,772
36,505 31,706
4 Creditors: amounts falling due after one year 2023 2022
£ £
Obligations under finance lease and hire purchase contracts - 2,671
Other creditors 93,972 120,205
93,972 122,876
5 Other information
Unit Construction Ltd is a private company limited by shares and incorporated in Northern Ireland. Its registered office is:
Unit Construction Ltd NI628453 false 2022-04-06 2023-04-05 2023-04-05 VT Final Accounts October 2023 release 2 Stephen Marron No description of principal activity NI628453 2021-04-06 2022-04-05 NI628453 core:WithinOneYear 2022-04-05 NI628453 core:AfterOneYear 2022-04-05 NI628453 core:ShareCapital 2022-04-05 NI628453 core:RetainedEarningsAccumulatedLosses 2022-04-05 NI628453 2022-04-06 2023-04-05 NI628453 bus:PrivateLimitedCompanyLtd 2022-04-06 2023-04-05 NI628453 bus:AuditExemptWithAccountantsReport 2022-04-06 2023-04-05 NI628453 bus:Director40 2022-04-06 2023-04-05 NI628453 1 2022-04-06 2023-04-05 NI628453 2 2022-04-06 2023-04-05 NI628453 countries:England 2022-04-06 2023-04-05 NI628453 bus:FRS102 2022-04-06 2023-04-05 NI628453 bus:FullAccounts 2022-04-06 2023-04-05 NI628453 2023-04-05 NI628453 core:WithinOneYear 2023-04-05 NI628453 core:AfterOneYear 2023-04-05 NI628453 core:ShareCapital 2023-04-05 NI628453 core:RetainedEarningsAccumulatedLosses 2023-04-05 NI628453 2022-04-05 iso4217:GBP xbrli:pure