Registered number
14216668
UFC Stocksbridge Limited
Filleted Accounts
1 January 2024
UFC Stocksbridge Limited
Registered number: 14216668
Balance Sheet
as at 1 January 2024
Notes 2024 2023
£ £
Fixed assets
Intangible assets 3 10,000 10,000
Tangible assets 4 16,400 16,400
26,400 26,400
Current assets
Stocks - 510
Cash at bank and in hand 1,387 1,293
1,387 1,803
Creditors: amounts falling due within one year 5 (31,749) (31,299)
Net current liabilities (30,362) (29,496)
Net liabilities (3,962) (3,096)
Capital and reserves
Called up share capital 1 1
Profit and loss account (3,963) (3,097)
Shareholder's funds (3,962) (3,096)
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges her 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.
Akan Kara
Director
Approved by the board on 22 March 2024
UFC Stocksbridge Limited
Notes to the Accounts
for the period from 1 August 2023 to 1 January 2024
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). The company ceased trading on 1st January 2024 and accounts have been prepared on breakup basis.
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:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
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.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
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.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Intangible fixed assets £
Goodwill:
Cost
At 1 August 2023 10,000
At 1 January 2024 10,000
Amortisation
At 1 January 2024 -
Net book value
At 1 January 2024 10,000
At 31 July 2023 10,000
Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.
4 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 August 2023 16,400
At 1 January 2024 16,400
Depreciation
At 1 January 2024 -
Net book value
At 1 January 2024 16,400
At 31 July 2023 16,400
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 800 800
Other creditors 30,949 30,499
31,749 31,299
6 Other information
UFC Stocksbridge Limited is a private company limited by shares and incorporated in England. Its registered office is:
489 Manchester Road
Sheffield
S36 1DH
UFC Stocksbridge Limited 14216668 false 2023-08-01 2024-01-01 2024-01-01 VT Final Accounts October 2023 release 2 Akan Kara No description of principal activity 14216668 2022-07-05 2023-07-31 14216668 core:WithinOneYear 2023-07-31 14216668 core:ShareCapital 2023-07-31 14216668 core:RetainedEarningsAccumulatedLosses 2023-07-31 14216668 2023-08-01 2024-01-01 14216668 bus:PrivateLimitedCompanyLtd 2023-08-01 2024-01-01 14216668 bus:AuditExempt-NoAccountantsReport 2023-08-01 2024-01-01 14216668 bus:Director40 2023-08-01 2024-01-01 14216668 1 2023-08-01 2024-01-01 14216668 2 2023-08-01 2024-01-01 14216668 countries:England 2023-08-01 2024-01-01 14216668 bus:FRS102 2023-08-01 2024-01-01 14216668 bus:FullAccounts 2023-08-01 2024-01-01 14216668 2024-01-01 14216668 core:WithinOneYear 2024-01-01 14216668 core:ShareCapital 2024-01-01 14216668 core:RetainedEarningsAccumulatedLosses 2024-01-01 14216668 core:Goodwill 2024-01-01 14216668 core:PlantMachinery 2024-01-01 14216668 2023-07-31 14216668 core:Goodwill 2023-07-31 14216668 core:PlantMachinery 2023-07-31 iso4217:GBP xbrli:pure