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REGISTERED NUMBER: 04396354 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2023

for

UnityOne Ltd

UnityOne Ltd (Registered number: 04396354)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Abridged Statement of Financial Position 2

Notes to the Financial Statements 4

Chartered Accountants' Report 7

UnityOne Ltd

Company Information
for the Year Ended 31 March 2023







DIRECTORS: Harjeet Grewal
Pravin Shingadia





SECRETARY: Pravin Shingadia





REGISTERED OFFICE: T/A Oakwood Rest Home
78 - 82 Kingsbury Road
Erdington
Birmingham
West Midlands
B24 8QJ





REGISTERED NUMBER: 04396354 (England and Wales)





ACCOUNTANTS: Virtual Finance Limited
Chartered Accountants, Tax and Business Advisors
Devonshire House
582 Honeypot Lane
Stanmore
HA7 1JS

UnityOne Ltd (Registered number: 04396354)

Abridged Statement of Financial Position
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 107,764 30,233
107,764 30,233

CURRENT ASSETS
Debtors 111,684 221,808
Cash at bank and in hand 15,425 553
127,109 222,361
CREDITORS
Amounts falling due within one year 482,091 172,418
NET CURRENT (LIABILITIES)/ASSETS (354,982 ) 49,943
TOTAL ASSETS LESS CURRENT
LIABILITIES

(247,218

)

80,176

CREDITORS
Amounts falling due after more than one
year

35,818

52,945
NET (LIABILITIES)/ASSETS (283,036 ) 27,231

CAPITAL AND RESERVES
Called up share capital 6 100 100
Retained earnings (283,136 ) 27,131
SHAREHOLDERS' FUNDS (283,036 ) 27,231

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

UnityOne Ltd (Registered number: 04396354)

Abridged Statement of Financial Position - continued
31 March 2023


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

All the members have consented to the preparation of an abridged Statement of Financial Position for the year ended 31 March 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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 18 April 2024 and were signed on its behalf by:





Pravin Shingadia - Director


UnityOne Ltd (Registered number: 04396354)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

UnityOne 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2004, is being amortised evenly over its estimated useful life of ten years.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 20% on cost
Fixtures and fittings - 25% on cost
Computer equipment - 33% on cost

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

UnityOne Ltd (Registered number: 04396354)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 36 (2022 - 34 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2022
and 31 March 2023 470,000
AMORTISATION
At 1 April 2022
and 31 March 2023 470,000
NET BOOK VALUE

At 31 March 2023 -
At 31 March 2022 -

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2022 79,810
Additions 104,953
At 31 March 2023 184,763
DEPRECIATION
At 1 April 2022 49,577
Charge for year 27,422
At 31 March 2023 76,999
NET BOOK VALUE
At 31 March 2023 107,764
At 31 March 2022 30,233

UnityOne Ltd (Registered number: 04396354)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Totals
£   
COST
At 1 April 2022
and 31 March 2023 39,113
DEPRECIATION
At 1 April 2022 26,449
Charge for year 9,779
At 31 March 2023 36,228
NET BOOK VALUE
At 31 March 2023 2,885
At 31 March 2022 12,664

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.23 31.3.22
value: £    £   
100 Ordinary £1 100 100

7. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Pravin Shingadia.

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
UnityOne Ltd

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of UnityOne Ltd for the year ended 31 March 2023 which comprise the Statement of Income and Retained Earnings, Abridged Statement of Financial Position and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of UnityOne Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of UnityOne Ltd and state those matters that we have agreed to state to the Board of Directors of UnityOne Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than UnityOne Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that UnityOne Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of UnityOne Ltd. You consider that UnityOne Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of UnityOne Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Virtual Finance Limited
Chartered Accountants, Tax and Business Advisors
Devonshire House
582 Honeypot Lane
Stanmore
HA7 1JS


18 April 2024