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REGISTERED NUMBER: 07302451 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2023

FOR

UNIVERSE AUTOMATION LTD

UNIVERSE AUTOMATION LTD (REGISTERED NUMBER: 07302451)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


UNIVERSE AUTOMATION LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2023







DIRECTOR: D J Bell





REGISTERED OFFICE: Unit 5
Optrex Business Park
Hook
RG27 9AY





REGISTERED NUMBER: 07302451 (England and Wales)





ACCOUNTANTS: L E Marshall & Co
Chartered Accountants
Unit B1F
Fairoaks Airport
Chobham
Surrey
GU24 8HU

UNIVERSE AUTOMATION LTD (REGISTERED NUMBER: 07302451)

BALANCE SHEET
31 JULY 2023

31.7.23 31.7.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 21,341 19,286

CURRENT ASSETS
Stocks 13,500 14,000
Debtors 5 92,320 25,684
Cash at bank 152,013 219,205
257,833 258,889
CREDITORS
Amounts falling due within one year 6 80,034 71,029
NET CURRENT ASSETS 177,799 187,860
TOTAL ASSETS LESS CURRENT
LIABILITIES

199,140

207,146

CREDITORS
Amounts falling due after more than one
year

7

45,537

53,723
NET ASSETS 153,603 153,423

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 153,601 153,421
SHAREHOLDERS' FUNDS 153,603 153,423

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

UNIVERSE AUTOMATION LTD (REGISTERED NUMBER: 07302451)

BALANCE SHEET - continued
31 JULY 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 23 April 2024 and were signed by:





D J Bell - Director


UNIVERSE AUTOMATION LTD (REGISTERED NUMBER: 07302451)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

1. STATUTORY INFORMATION

Universe Automation 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.

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 - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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 7 (2022 - 5 ) .

UNIVERSE AUTOMATION LTD (REGISTERED NUMBER: 07302451)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2023

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 August 2022 9,849 629 40,075 1,617 52,170
Additions 355 - 8,935 - 9,290
Disposals - - - (1,063 ) (1,063 )
At 31 July 2023 10,204 629 49,010 554 60,397
DEPRECIATION
At 1 August 2022 9,399 321 21,916 1,248 32,884
Charge for year 201 77 6,773 184 7,235
Eliminated on disposal - - - (1,063 ) (1,063 )
At 31 July 2023 9,600 398 28,689 369 39,056
NET BOOK VALUE
At 31 July 2023 604 231 20,321 185 21,341
At 31 July 2022 450 308 18,159 369 19,286

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 August 2022
and 31 July 2023 15,950
DEPRECIATION
At 1 August 2022 3,988
Charge for year 2,990
At 31 July 2023 6,978
NET BOOK VALUE
At 31 July 2023 8,972
At 31 July 2022 11,962

5. DEBTORS
31.7.23 31.7.22
£    £   
Amounts falling due within one year:
Trade debtors 28,399 24,452
Amounts owed by associates 2,141 -
Other debtors 1,780 1,232
32,320 25,684

UNIVERSE AUTOMATION LTD (REGISTERED NUMBER: 07302451)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2023

5. DEBTORS - continued
31.7.23 31.7.22
£    £   
Amounts falling due after more than one year:
Other debtors 60,000 -

Aggregate amounts 92,320 25,684

Included in other debtors over one year is a loan of £60,000 made to D Bell to be repaid. Interest is being charged.

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Bank loans and overdrafts 5,000 5,000
Hire purchase contracts 3,186 2,757
Trade creditors 4,555 1,952
Amounts owed to associates 4,000 -
Taxation and social security 60,976 59,195
Other creditors 2,317 2,125
80,034 71,029

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.7.23 31.7.22
£    £   
Bank loans 37,500 42,500
Hire purchase contracts 8,037 11,223
45,537 53,723