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Registration number: 12376504

UAV Innovations Group Limited

Unaudited Filleted Financial Statements

for the Period from 1 January 2023 to 30 November 2023

 

UAV Innovations Group Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 8

 

UAV Innovations Group Limited

Company Information

Directors

Mr George William Wrigley

Mrs Heather Elizabeth Wrigley

Registered office

C/o McGinty Demack
Vermont House
Bradley Lane
Wigan
Lancashire
WN6 0XF

Accountants

McGinty Demack Limited
Chartered Certified Accoutant
Vermont House
Bradley Lane
Standish
Wigan
WN6 0XF

 

UAV Innovations Group Limited

(Registration number: 12376504)
Balance Sheet as at 30 November 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

-

1,126

Current assets

 

Cash at bank and in hand

 

-

352

Creditors: Amounts falling due within one year

5

(13,775)

(12,469)

Net current liabilities

 

(13,775)

(12,117)

Net liabilities

 

(13,775)

(10,991)

Capital and reserves

 

Called up share capital

6

2

2

Retained earnings

(13,777)

(10,993)

Shareholders' deficit

 

(13,775)

(10,991)

For the financial period ending 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 6 February 2024 and signed on its behalf by:
 

 

UAV Innovations Group Limited

(Registration number: 12376504)
Balance Sheet as at 30 November 2023

.........................................
Mr George William Wrigley
Director

.........................................
Mrs Heather Elizabeth Wrigley
Director

 

UAV Innovations Group Limited

Notes to the Unaudited Financial Statements for the Period from 1 January 2023 to 30 November 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
C/o McGinty Demack
Vermont House
Bradley Lane
Wigan
Lancashire
WN6 0XF
England

These financial statements were authorised for issue by the Board on 6 February 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

 

UAV Innovations Group Limited

Notes to the Unaudited Financial Statements for the Period from 1 January 2023 to 30 November 2023

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant & Machinery

20% Reducing balance basis

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

 

UAV Innovations Group Limited

Notes to the Unaudited Financial Statements for the Period from 1 January 2023 to 30 November 2023

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including directors) during the period, was 2 (2022 - 2).

 

UAV Innovations Group Limited

Notes to the Unaudited Financial Statements for the Period from 1 January 2023 to 30 November 2023

4

Tangible assets

Other tangible assets
£

Total
£

Cost or valuation

At 1 January 2023

1,849

1,849

Disposals

(1,849)

(1,849)

At 30 November 2023

-

-

Depreciation

At 1 January 2023

723

723

Eliminated on disposal

(723)

(723)

At 30 November 2023

-

-

Carrying amount

At 30 November 2023

-

-

At 31 December 2022

1,126

1,126

5

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Taxation and social security

411

389

Accruals and deferred income

425

425

Other creditors

12,939

11,655

13,775

12,469

6

Share capital

Allotted, called up and fully paid shares

 

UAV Innovations Group Limited

Notes to the Unaudited Financial Statements for the Period from 1 January 2023 to 30 November 2023

2023

2022

No.

£

No.

£

Ordinary Shares of £1 each

2

2

2

2