IRIS Accounts Production v24.1.9.2 04923097 director 1.11.22 31.10.23 31.10.23 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh049230972022-10-31049230972023-10-31049230972022-11-012023-10-31049230972021-10-31049230972021-11-012022-10-31049230972022-10-3104923097ns15:EnglandWales2022-11-012023-10-3104923097ns14:PoundSterling2022-11-012023-10-3104923097ns10:Director12022-11-012023-10-3104923097ns10:PrivateLimitedCompanyLtd2022-11-012023-10-3104923097ns10:SmallEntities2022-11-012023-10-3104923097ns10:AuditExemptWithAccountantsReport2022-11-012023-10-3104923097ns10:SmallCompaniesRegimeForDirectorsReport2022-11-012023-10-3104923097ns10:SmallCompaniesRegimeForAccounts2022-11-012023-10-3104923097ns10:FullAccounts2022-11-012023-10-3104923097ns10:OrdinaryShareClass12022-11-012023-10-3104923097ns10:CompanySecretary12022-11-012023-10-3104923097ns10:RegisteredOffice2022-11-012023-10-3104923097ns5:CurrentFinancialInstruments2023-10-3104923097ns5:CurrentFinancialInstruments2022-10-3104923097ns5:ShareCapital2023-10-3104923097ns5:ShareCapital2022-10-3104923097ns5:RetainedEarningsAccumulatedLosses2023-10-3104923097ns5:RetainedEarningsAccumulatedLosses2022-10-3104923097ns5:PlantMachinery2022-10-3104923097ns5:MotorVehicles2022-10-3104923097ns5:ComputerEquipment2022-10-3104923097ns5:PlantMachinery2022-11-012023-10-3104923097ns5:MotorVehicles2022-11-012023-10-3104923097ns5:ComputerEquipment2022-11-012023-10-3104923097ns5:PlantMachinery2023-10-3104923097ns5:MotorVehicles2023-10-3104923097ns5:ComputerEquipment2023-10-3104923097ns5:PlantMachinery2022-10-3104923097ns5:MotorVehicles2022-10-3104923097ns5:ComputerEquipment2022-10-3104923097ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2022-10-3104923097ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2022-10-3104923097ns5:LeasedAssetsHeldAsLessee2022-10-3104923097ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2022-11-012023-10-3104923097ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2022-11-012023-10-3104923097ns5:LeasedAssetsHeldAsLessee2022-11-012023-10-3104923097ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-10-3104923097ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2023-10-3104923097ns5:LeasedAssetsHeldAsLessee2023-10-3104923097ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2022-10-3104923097ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2022-10-3104923097ns5:LeasedAssetsHeldAsLessee2022-10-3104923097ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-10-3104923097ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-10-3104923097ns5:DeferredTaxation2022-10-3104923097ns5:DeferredTaxation2022-11-012023-10-3104923097ns5:DeferredTaxation2023-10-3104923097ns10:OrdinaryShareClass12023-10-31
REGISTERED NUMBER: 04923097 (England and Wales)














Unaudited Financial Statements

For The Year Ended 31st October 2023

for

Universal Traders Gloucester Ltd

Universal Traders Gloucester Ltd (Registered number: 04923097)






Contents of the Financial Statements
For The Year Ended 31st October 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Report of the Accountants 7

Universal Traders Gloucester Ltd

Company Information
For The Year Ended 31st October 2023







DIRECTOR: G D Bennett





SECRETARY: Ms C M P Marsh





REGISTERED OFFICE: Grange Court Farm
Grange Court
Westbury on Severn
Gloucestershire
GL14 1PL





REGISTERED NUMBER: 04923097 (England and Wales)





ACCOUNTANTS: Wildin (Accountants & Auditors) Ltd
Kings Buildings
Lydney
Gloucestershire
GL15 5HE

Universal Traders Gloucester Ltd (Registered number: 04923097)

Balance Sheet
31st October 2023

31.10.23 31.10.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 98,270 124,253

CURRENT ASSETS
Stocks 129,053 105,193
Debtors 5 2,376,576 2,256,658
Cash at bank and in hand 33,632 47,475
2,539,261 2,409,326
CREDITORS
Amounts falling due within one year 6 961,162 1,082,854
NET CURRENT ASSETS 1,578,099 1,326,472
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,676,369

1,450,725

PROVISIONS FOR LIABILITIES 7 17,972 19,876
NET ASSETS 1,658,397 1,430,849

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 1,658,297 1,430,749
SHAREHOLDERS' FUNDS 1,658,397 1,430,849

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

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

Universal Traders Gloucester Ltd (Registered number: 04923097)

Balance Sheet - continued
31st October 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 and authorised for issue by the director and authorised for issue on 25th July 2024 and were signed by:





G D Bennett - Director


Universal Traders Gloucester Ltd (Registered number: 04923097)

Notes to the Financial Statements
For The Year Ended 31st October 2023

1. STATUTORY INFORMATION

Universal Traders Gloucester 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.

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 Income Statement, 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.

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
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.

Universal Traders Gloucester Ltd (Registered number: 04923097)

Notes to the Financial Statements - continued
For The Year Ended 31st October 2023

2. ACCOUNTING POLICIES - continued

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 24 (2022 - 24 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1st November 2022 408,506 27,595 320 436,421
Additions 6,253 - - 6,253
At 31st October 2023 414,759 27,595 320 442,674
DEPRECIATION
At 1st November 2022 292,439 19,409 320 312,168
Charge for year 30,189 2,047 - 32,236
At 31st October 2023 322,628 21,456 320 344,404
NET BOOK VALUE
At 31st October 2023 92,131 6,139 - 98,270
At 31st October 2022 116,067 8,186 - 124,253

Fixed assets, included in the above, which are held under finance leases are as follows:
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1st November 2022
and 31st October 2023 203,225 27,595 230,820
DEPRECIATION
At 1st November 2022 131,749 19,409 151,158
Charge for year 17,869 2,047 19,916
At 31st October 2023 149,618 21,456 171,074
NET BOOK VALUE
At 31st October 2023 53,607 6,139 59,746
At 31st October 2022 71,476 8,186 79,662

Universal Traders Gloucester Ltd (Registered number: 04923097)

Notes to the Financial Statements - continued
For The Year Ended 31st October 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Trade debtors 2,021,677 1,906,649
Other debtors 354,899 350,009
2,376,576 2,256,658

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Bank loans and overdrafts 35,346 163,976
Finance leases - 18,681
Trade creditors 740,495 693,931
Taxation and social security 84,832 105,412
Other creditors 100,489 100,854
961,162 1,082,854

7. PROVISIONS FOR LIABILITIES
31.10.23 31.10.22
£    £   
Deferred tax 17,972 19,876

Deferred
tax
£   
Balance at 1st November 2022 19,876
Provided during year (1,904 )
Balance at 31st October 2023 17,972

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.10.23 31.10.22
value: £    £   
100 Ordinary 1 100 100

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is G D Bennett.

Universal Traders Gloucester Ltd

Report of the Accountants to the Director of
Universal Traders Gloucester Ltd

The following reproduces the text of the report prepared for the director 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 Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31st October 2023 set out on pages two to six and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Wildin (Accountants & Auditors) Ltd
Kings Buildings
Lydney
Gloucestershire
GL15 5HE


25th July 2024