UNITY TECH GROUP LTD

Company Registration Number:
10503466 (England and Wales)

Unaudited statutory accounts for the year ended 31 December 2023

Period of accounts

Start date: 1 January 2023

End date: 31 December 2023

UNITY TECH GROUP LTD

Contents of the Financial Statements

for the Period Ended 31 December 2023

Profit and loss
Balance sheet
Additional notes
Balance sheet notes

UNITY TECH GROUP LTD

Profit And Loss Account

for the Period Ended 31 December 2023

2023 2022


£

£
Turnover: 191,199 73,840
Cost of sales: ( 15,906 ) ( 4,337 )
Gross profit(or loss): 175,293 69,503
Administrative expenses: ( 172,361 ) ( 69,257 )
Operating profit(or loss): 2,932 246
Interest payable and similar charges: ( 1,115 ) ( 1,221 )
Profit(or loss) before tax: 1,817 (975)
Tax: ( 1,276 )
Profit(or loss) for the financial year: 541 (975)

UNITY TECH GROUP LTD

Balance sheet

As at 31 December 2023

Notes 2023 2022


£

£
Fixed assets
Intangible assets: 3 8,855 8,855
Tangible assets: 4 1,589 5,535
Investments: 5 170,100 170,100
Total fixed assets: 180,544 184,490
Current assets
Stocks: 6 4,782 0
Debtors: 7 171,909 122,841
Cash at bank and in hand: 8,075 559
Total current assets: 184,766 123,400
Creditors: amounts falling due within one year: 8 ( 54,085 ) ( 7,085 )
Net current assets (liabilities): 130,681 116,315
Total assets less current liabilities: 311,225 300,805
Creditors: amounts falling due after more than one year: 9 ( 36,523 ) ( 45,103 )
Total net assets (liabilities): 274,702 255,702
Capital and reserves
Called up share capital: 249,800 249,800
Other reserves: 26,759 8,300
Profit and loss account: (1,857 ) (2,398 )
Total Shareholders' funds: 274,702 255,702

The notes form part of these financial statements

UNITY TECH GROUP LTD

Balance sheet statements

For the year ending 31 December 2023 the company was entitled to exemption 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.

This report was approved by the board of directors on 5 April 2024
and signed on behalf of the board by:

Name: Simon Scotchbrook
Status: Director

The notes form part of these financial statements

UNITY TECH GROUP LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    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 depreciation policy

    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 yearsLeasehold land and buildings - over the lease termPlant and machinery - over 5 yearsFixtures, fittings, tools and equipment - over 3 years

    Intangible fixed assets amortisation policy

    Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses. All intangible assets are considered to have a finite useful life, if a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.Amortisation of the company's intangible assets is to be incurred so as to write off the cost, less any estimated residual value over their useful life.

UNITY TECH GROUP LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 14 1

UNITY TECH GROUP LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

3. Intangible assets

Goodwill Other Total
Cost £ £ £
At 1 January 2023 8,855 8,855
Additions
Disposals
Revaluations
Transfers
At 31 December 2023 8,855 8,855
Amortisation
At 1 January 2023 0 0
Charge for year
On disposals
Other adjustments
At 31 December 2023 0 0
Net book value
At 31 December 2023 8,855 8,855
At 31 December 2022 8,855 8,855

UNITY TECH GROUP LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

4. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 January 2023 12,131 12,131
Additions
Disposals
Revaluations
Transfers
At 31 December 2023 12,131 12,131
Depreciation
At 1 January 2023 6,596 6,596
Charge for year 3,946 3,946
On disposals
Other adjustments
At 31 December 2023 10,542 10,542
Net book value
At 31 December 2023 1,589 1,589
At 31 December 2022 5,535 5,535

UNITY TECH GROUP LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

5. Fixed assets investments note

Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

UNITY TECH GROUP LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

6. Stocks

2023 2022
£ £
Stocks 4,782 0
Total 4,782 0

UNITY TECH GROUP LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

7. Debtors

2023 2022
£ £
Trade debtors 92,115 43,321
Other debtors 79,794 79,520
Total 171,909 122,841

UNITY TECH GROUP LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

8. Creditors: amounts falling due within one year note

2023 2022
£ £
Bank loans and overdrafts 6,041 2,517
Trade creditors 6,322
Taxation and social security 17,386
Other creditors 24,336 4,568
Total 54,085 7,085

UNITY TECH GROUP LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

9. Creditors: amounts falling due after more than one year note

2023 2022
£ £
Bank loans and overdrafts 36,523 45,103
Total 36,523 45,103