UNIVERSAL BARGAIN LTD

Company Registration Number:
08511656 (England and Wales)

Unaudited abridged accounts for the year ended 31 May 2023

Period of accounts

Start date: 01 June 2022

End date: 31 May 2023

UNIVERSAL BARGAIN LTD

Contents of the Financial Statements

for the Period Ended 31 May 2023

Balance sheet
Notes

UNIVERSAL BARGAIN LTD

Balance sheet

As at 31 May 2023


Notes

2023

2022


£

£
Fixed assets
Tangible assets: 3 511,821 481,701
Investments: 4 241,459 241,459
Total fixed assets: 753,280 723,160
Current assets
Stocks: 2,400,152 1,079,736
Debtors:   85,243 88,206
Cash at bank and in hand: 696,470 698,688
Total current assets: 3,181,865 1,866,630
Creditors: amounts falling due within one year:   (3,475,115) (2,070,765)
Net current assets (liabilities): (293,250) (204,135)
Total assets less current liabilities: 460,030 519,025
Creditors: amounts falling due after more than one year:     (44,735)
Total net assets (liabilities): 460,030 474,290
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 459,930 474,190
Shareholders funds: 460,030 474,290

The notes form part of these financial statements

UNIVERSAL BARGAIN LTD

Balance sheet statements

For the year ending 31 May 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

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

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 04 March 2024
and signed on behalf of the board by:

Name: MR HARINDAR SINGH
Status: Director

The notes form part of these financial statements

UNIVERSAL BARGAIN LTD

Notes to the Financial Statements

for the Period Ended 31 May 2023

1. Accounting policies

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

UNIVERSAL BARGAIN LTD

Notes to the Financial Statements

for the Period Ended 31 May 2023

2. Employees

2023 2022
Average number of employees during the period 17 10

UNIVERSAL BARGAIN LTD

Notes to the Financial Statements

for the Period Ended 31 May 2023

3. Tangible Assets

Total
Cost £
At 01 June 2022 551,646
Additions 80,660
Disposals (101,553)
At 31 May 2023 530,753
Depreciation
At 01 June 2022 69,945
Charge for year 7,647
On disposals (58,660)
At 31 May 2023 18,932
Net book value
At 31 May 2023 511,821
At 31 May 2022 481,701

UNIVERSAL BARGAIN LTD

Notes to the Financial Statements

for the Period Ended 31 May 2023

4. Fixed investments

£241459