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REGISTERED NUMBER: 08105902 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2023

for

Universal Stainless Steel Polishing Ltd

Universal Stainless Steel Polishing Ltd (Registered number: 08105902)






Contents of the Financial Statements
for the Year Ended 30 June 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Universal Stainless Steel Polishing Ltd

Company Information
for the Year Ended 30 June 2023







DIRECTOR: D M Orwell





REGISTERED OFFICE: 9 Sycamore Avenue
Chadderton
Oldham
Lancashire
OL9 8BQ





REGISTERED NUMBER: 08105902 (England and Wales)





ACCOUNTANTS: Michael Astin Accountancy Services
95 Tarnside Close
Rochdale
Greater Manchester
OL16 2QD

Universal Stainless Steel Polishing Ltd (Registered number: 08105902)

Balance Sheet
30 June 2023

30.6.23 30.6.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 7,369 8,669

CURRENT ASSETS
Debtors 5 510 1,265
Cash at bank 6,969 5,595
7,479 6,860
CREDITORS
Amounts falling due within one year 6 6,212 6,068
NET CURRENT ASSETS 1,267 792
TOTAL ASSETS LESS CURRENT
LIABILITIES

8,636

9,461

CREDITORS
Amounts falling due after more than
one year

7

5,741

7,870
NET ASSETS 2,895 1,591

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 9 2,795 1,491
SHAREHOLDERS' FUNDS 2,895 1,591

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Universal Stainless Steel Polishing Ltd (Registered number: 08105902)

Balance Sheet - continued
30 June 2023


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 director and authorised for issue on 13 March 2024 and were signed by:





D M Orwell - Director


Universal Stainless Steel Polishing Ltd (Registered number: 08105902)

Notes to the Financial Statements
for the Year Ended 30 June 2023

1. STATUTORY INFORMATION

Universal Stainless Steel Polishing Ltd 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.

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.
Plant and machinery - 25% on reducing balance

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

Universal Stainless Steel Polishing Ltd (Registered number: 08105902)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 1 July 2022
and 30 June 2023 28,688
DEPRECIATION
At 1 July 2022 20,019
Charge for year 1,300
At 30 June 2023 21,319
NET BOOK VALUE
At 30 June 2023 7,369
At 30 June 2022 8,669

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Trade debtors 510 1,265

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Bank loans and overdrafts - 405
Trade creditors 1 3
Tax 2,018 1,724
Directors' current accounts 4,193 3,936
6,212 6,068

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
30.6.23 30.6.22
£    £   
Bank loans more 5 yr by instal 5,741 7,870

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 5,741 7,870

Universal Stainless Steel Polishing Ltd (Registered number: 08105902)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

8. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 30.6.23 30.6.22
value: £    £   
100 Ordinary £1 100 100

9. RESERVES
Retained
earnings
£   

At 1 July 2022 1,491
Profit for the year 7,304
Dividends (6,000 )
At 30 June 2023 2,795