1 01/01/2023 31/12/2023 2023-12-31 false false false false false false false true false false true false false false false false false false No description of principal activities is disclosed 2023-01-01 Sage Accounts Production 23.1 - FRS102_2023 xbrli:pure xbrli:shares iso4217:GBP NI066422 2023-01-01 2023-12-31 NI066422 2023-12-31 NI066422 2022-12-31 NI066422 2021-10-01 2022-12-31 NI066422 2022-12-31 NI066422 2021-09-30 NI066422 bus:Director1 2023-01-01 2023-12-31 NI066422 core:WithinOneYear 2023-12-31 NI066422 core:WithinOneYear 2022-12-31 NI066422 bus:Director1 2022-12-31 NI066422 bus:Director1 2023-12-31 NI066422 bus:Director1 2021-09-30 NI066422 bus:Director1 2022-12-31 NI066422 bus:Director1 2021-10-01 2022-12-31 NI066422 bus:Micro-entities 2023-01-01 2023-12-31 NI066422 bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 NI066422 bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 NI066422 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 NI066422 bus:FullAccounts 2023-01-01 2023-12-31 NI066422 core:EntityControlledByKeyManagementPersonnel1 2023-01-01 2023-12-31 NI066422 core:EntityControlledByKeyManagementPersonnel1 2021-10-01 2022-12-31 NI066422 core:EntityControlledByKeyManagementPersonnel1 2023-12-31 NI066422 core:EntityControlledByKeyManagementPersonnel1 2022-12-31
Company registration number: NI066422
U-Val Ltd
Unaudited filleted financial statements
31 December 2023
U-Val Ltd
Contents
Statement of financial position and notes to the financial statements
U-Val Ltd
Statement of financial position
31 December 2023
31/12/23 31/12/22
£ £
Fixed assets 13,848 18,464
_______ _______
Current assets 37,604 44,738
Creditors: amounts falling due within one year ( 97,089) ( 93,434)
_______ _______
Net current liabilities ( 59,485) ( 48,696)
_______ _______
Total assets less current liabilities ( 45,637) ( 30,232)
Accruals and deferred income ( 400) ( 400)
_______ _______
Net liabilities ( 46,037) ( 30,632)
_______ _______
Capital and reserves ( 46,037) ( 30,632)
_______ _______
Notes to the financial statements
U-Val Ltd
Year ended 31 December 2023
1. Employee numbers
The average number of persons employed by the company during the year amounted to 1 (2022: 1 ).
2. Directors advances, credits and guarantees
During the year the director entered into the following advances and credits with the company:
Year ended 31/12/23
Balance brought forward Advances /(credits) to the director Amounts repaid Balance o/standing
£ £ £ £
Brian Breslin ( 92,864) ( 16,495) 13,500 ( 95,859)
_______ _______ _______ _______
Period ended 31/12/22
£ £ £ £
Brian Breslin ( 70,115) ( 36,281) 13,532 ( 92,864)
_______ _______ _______ _______
Interest free loans have been granted to the company by its director. The amounts owed to the director are unsecured subordinated loans upon which no interest has been charged. These loans are included in "Creditors: amounts falling due within one year".
3. Related party transactions
During the year the company entered into the following transactions with related parties:
Transaction value Balance owed by/(owed to)
Year Period Year Period
ended ended ended ended
31/12/23 31/12/22 31/12/23 31/12/22
£ £ £ £
Geo Maintenance Ltd - 27,752 10,010 23,559
_______ _______ _______ _______
Brian Breslin is the sole director and shareholder of U-Val Ltd. Geo Maintenance Ltd is a Republic of Ireland registered company, controlled by Brian Breslin .
4. Going Concern
At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.
For the year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsiblities:
- The member has not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The financial statements have been prepared in accordance with the micro-entity provisions and have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.
These financial statements were approved by the board of directors and authorised for issue on 20 March 2024 , and are signed on behalf of the board by:
Brian Breslin
Director
Company registration number: NI066422
The company is a private company limited by shares, registered in Northern Ireland. The address of the registered office is 46 Lower Ballyartan Road, Killaloo, Derry, BT47 3SY.