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REGISTERED NUMBER: 06439256 (England and Wales)















UDO LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH SEPTEMBER 2023






UDO LTD (REGISTERED NUMBER: 06439256)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH SEPTEMBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


UDO LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH SEPTEMBER 2023







DIRECTORS: Mrs Y Dibley
Mr. S G Dibley





SECRETARY: Mrs Y Dibley





REGISTERED OFFICE: The Pines
Lisvane Road
Lisvane
S Glam
Cardiff
CF14 0SF





REGISTERED NUMBER: 06439256 (England and Wales)





ACCOUNTANTS: Carston Chartered Accountants
Tudor House
16 Cathedral Road
Cardiff
CF11 9LJ

UDO LTD (REGISTERED NUMBER: 06439256)

BALANCE SHEET
30TH SEPTEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 3,113 4,532
Tangible assets 5 218,033 226,923
221,146 231,455

CURRENT ASSETS
Stocks 14,500 500
Debtors 6 398,621 310,506
Cash at bank 552,095 313,980
965,216 624,986
CREDITORS
Amounts falling due within one year 7 435,064 248,703
NET CURRENT ASSETS 530,152 376,283
TOTAL ASSETS LESS CURRENT LIABILITIES 751,298 607,738

CREDITORS
Amounts falling due after more than one year 8 (243,737 ) (329,344 )

PROVISIONS FOR LIABILITIES (1,624 ) (2,873 )
NET ASSETS 505,937 275,521

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 504,937 274,521
505,937 275,521

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th September 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

UDO LTD (REGISTERED NUMBER: 06439256)

BALANCE SHEET - continued
30TH SEPTEMBER 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16th April 2024 and were signed on its behalf by:





Mr. S G Dibley - Director


UDO LTD (REGISTERED NUMBER: 06439256)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH SEPTEMBER 2023


1. STATUTORY INFORMATION

UDO Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of four years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% straight line on cost
Plant and machinery - 33.33% straight line on cost
Motor vehicles - 33.33% straight line on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


UDO LTD (REGISTERED NUMBER: 06439256)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH SEPTEMBER 2023


2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2022 - 5 ) .

4. INTANGIBLE FIXED ASSETS
Computer
software
£   
COST
At 1st October 2022 53,275
Additions 2,500
At 30th September 2023 55,775
AMORTISATION
At 1st October 2022 48,743
Amortisation for year 3,919
At 30th September 2023 52,662
NET BOOK VALUE
At 30th September 2023 3,113
At 30th September 2022 4,532

UDO LTD (REGISTERED NUMBER: 06439256)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH SEPTEMBER 2023


5. TANGIBLE FIXED ASSETS
Freehold Plant and Motor
property machinery vehicles Totals
£    £    £    £   
COST
At 1st October 2022 237,467 77,503 8,690 323,660
Additions - 6,204 - 6,204
At 30th September 2023 237,467 83,707 8,690 329,864
DEPRECIATION
At 1st October 2022 23,747 65,483 7,507 96,737
Charge for year 4,749 9,162 1,183 15,094
At 30th September 2023 28,496 74,645 8,690 111,831
NET BOOK VALUE
At 30th September 2023 208,971 9,062 - 218,033
At 30th September 2022 213,720 12,020 1,183 226,923

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 398,621 310,506

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 80,856 74,626
Trade creditors 128,305 81,706
Taxation and social security 120,260 71,165
Other creditors 105,643 21,206
435,064 248,703

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 243,737 329,344

9. RELATED PARTY DISCLOSURES

As at the year end UDO Limited was owed £362,208 (2022 - £191,563) by a company in which a director has a significant interest.