Registered number
10442089
UNIQUE DAIRIES (NORTH ) LTD
Filleted Accounts
31 October 2023
UNIQUE DAIRIES (NORTH ) LTD
Registered number: 10442089
Balance Sheet
as at 31 October 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 66,123 22,171
Current assets
Stocks 101,810 109,310
Cash at bank and in hand 24,330 11,728
126,140 121,038
Creditors: amounts falling due within one year 4 (111,354) (181,733)
Net current assets/(liabilities) 14,786 (60,695)
Total assets less current liabilities 80,909 (38,524)
Creditors: amounts falling due after more than one year 5 (23,518) (34,299)
Net assets/(liabilities) 57,391 (72,823)
Capital and reserves
Called up share capital 100 100
Profit and loss account 57,291 (72,923)
Shareholders' funds 57,391 (72,823)
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.
GHULAM NAHEEM AZAM
Director
Approved by the board on 21 February 2024
UNIQUE DAIRIES (NORTH ) LTD
Notes to the Accounts
for the year ended 31 October 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.
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:
Motor Vehicles 25% reducing balance
Plant and machinery 15% reducing balance
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.
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.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 6 7
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 November 2022 627 47,600 48,227
Additions 52,000 7,000 59,000
At 31 October 2023 52,627 54,600 107,227
Depreciation
At 1 November 2022 174 25,882 26,056
Charge for the year 7,868 7,180 15,048
At 31 October 2023 8,042 33,062 41,104
Net book value
At 31 October 2023 44,585 21,538 66,123
At 31 October 2022 453 21,718 22,171
4 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 5,324 169,300
Taxation and social security costs 26,187 7,043
Other creditors 79,843 5,390
111,354 181,733
5 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 23,518 34,299
6 Other information
UNIQUE DAIRIES (NORTH ) LTD is a private company limited by shares and incorporated in England. Its registered office is:
BAIL RIGG
ULLEY LANE
SHEFFIELD
ENGLAND
SE26 2DR
UNIQUE DAIRIES (NORTH ) LTD 10442089 false 2022-11-01 2023-10-31 2023-10-31 VT Final Accounts October 2023 release 2 GHULAM NAHEEM AZAM No description of principal activity 10442089 2021-11-01 2022-10-31 10442089 core:WithinOneYear 2022-10-31 10442089 core:AfterOneYear 2022-10-31 10442089 core:ShareCapital 2022-10-31 10442089 core:RetainedEarningsAccumulatedLosses 2022-10-31 10442089 2022-11-01 2023-10-31 10442089 bus:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 10442089 bus:AuditExempt-NoAccountantsReport 2022-11-01 2023-10-31 10442089 bus:Director40 2022-11-01 2023-10-31 10442089 2 2022-11-01 2023-10-31 10442089 core:PlantMachinery 2022-11-01 2023-10-31 10442089 core:Vehicles 2022-11-01 2023-10-31 10442089 countries:England 2022-11-01 2023-10-31 10442089 bus:FRS102 2022-11-01 2023-10-31 10442089 bus:FullAccounts 2022-11-01 2023-10-31 10442089 2023-10-31 10442089 core:WithinOneYear 2023-10-31 10442089 core:AfterOneYear 2023-10-31 10442089 core:ShareCapital 2023-10-31 10442089 core:RetainedEarningsAccumulatedLosses 2023-10-31 10442089 core:PlantMachinery 2023-10-31 10442089 core:Vehicles 2023-10-31 10442089 2022-10-31 10442089 core:PlantMachinery 2022-10-31 10442089 core:Vehicles 2022-10-31 iso4217:GBP xbrli:pure