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Company Registration No. NI623754 (Northern Ireland)
Universal Industrial Spraying Limited Unaudited accounts for the year ended 31 March 2023
Universal Industrial Spraying Limited Unaudited accounts Contents
Page
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Universal Industrial Spraying Limited Company Information for the year ended 31 March 2023
Directors
Mr Damien O'Hanlon Mr Mr John McParland
Company Number
NI623754 (Northern Ireland)
Registered Office
65 EGLANTINE AVENUE BELFAST BT9 6EW
Accountants
H Downey and Company Incorporated Financial Accountants 65 Eglantine Avenue Belfast Antrim BT9 6EW
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Universal Industrial Spraying Limited Statement of financial position as at 31 March 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Intangible assets
64,000 
68,000 
Tangible assets
2,618 
3,193 
66,618 
71,193 
Current assets
Inventories
14,250 
14,250 
Debtors
47,493 
45,459 
Cash at bank and in hand
357,927 
364,753 
419,670 
424,462 
Creditors: amounts falling due within one year
(43,090)
(48,683)
Net current assets
376,580 
375,779 
Net assets
443,198 
446,972 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
443,196 
446,970 
Shareholders' funds
443,198 
446,972 
For the year ending 31 March 2023 the company was entitled to exemption from audit 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.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 14 March 2024 and were signed on its behalf by
Mr Mr John McParland Director Company Registration No. NI623754
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Universal Industrial Spraying Limited Notes to the Accounts for the year ended 31 March 2023
1
Statutory information
Universal Industrial Spraying Limited is a private company, limited by shares, registered in Northern Ireland, registration number NI623754. The registered office is 65 EGLANTINE AVENUE, BELFAST, BT9 6EW.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 April 2022
100,000 
At 31 March 2023
100,000 
Amortisation
At 1 April 2022
32,000 
Charge for the year
4,000 
At 31 March 2023
36,000 
Net book value
At 31 March 2023
64,000 
At 31 March 2022
68,000 
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Universal Industrial Spraying Limited Notes to the Accounts for the year ended 31 March 2023
5
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 April 2022
12,966 
1,102 
14,068 
At 31 March 2023
12,966 
1,102 
14,068 
Depreciation
At 1 April 2022
9,773 
1,102 
10,875 
Charge for the year
575 
- 
575 
At 31 March 2023
10,348 
1,102 
11,450 
Net book value
At 31 March 2023
2,618 
- 
2,618 
At 31 March 2022
3,193 
- 
3,193 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
46,454 
44,420 
Accrued income and prepayments
1,039 
1,039 
47,493 
45,459 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
8,058 
8,789 
Trade creditors
14,416 
15,439 
Taxes and social security
11,343 
17,212 
Loans from directors
3,634 
354 
Accruals
5,639 
6,889 
43,090 
48,683 
8
Average number of employees
During the year the average number of employees was 5 (2022: 5).
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