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
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
Universal Industrial Spraying Limited
Statement of financial position
as at 31 March 2023
Intangible assets
64,000
68,000
Tangible assets
2,618
3,193
Cash at bank and in hand
357,927
364,753
Creditors: amounts falling due within one year
(43,090)
(48,683)
Net current assets
376,580
375,779
Net assets
443,198
446,972
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
Universal Industrial Spraying Limited
Notes to the Accounts
for the year ended 31 March 2023
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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 (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill
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
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
At 31 March 2023
2,618
-
2,618
At 31 March 2022
3,193
-
3,193
Amounts falling due within one year
Trade debtors
46,454
44,420
Accrued income and prepayments
1,039
1,039
7
Creditors: amounts falling due within one year
2023
2022
Trade creditors
14,416
15,439
Taxes and social security
11,343
17,212
Loans from directors
3,634
354
8
Average number of employees
During the year the average number of employees was 5 (2022: 5).